The Securities and Exchange Commission (SEC) has finalized a set of cost-savings and related measures for the controversial Consolidated Audit Trail (CAT) through an amendment to the National Market System (NMS) Plan that governs the CAT system. The regulator is also implementing “exemptive relief from certain requirements of Rule 17a-1 under the Securities Exchange Act… Read More >>
Gresham Renames Former S&P Unit as ‘Opus EDM’
Gresham, the enterprise data automation and reconciliation solutions provider, has renamed the enterprise data management (EDM) platform that it acquired from S&P Global Market Intelligence as Opus EDM, underscoring how the system has been designed to take on demanding environments, officials say. “The platform, which has traded under several names across more than a decade… Read More >>
NYSE & Securitize to Focus on Tokenized Securities Markets
The New York Stock Exchange (NYSE) and a firm that specializes in tokenization, Securitize, have begun a collaboration to develop tokenized securities markets, an effort that was formalized via a memorandum of understanding (MOU), officials say. The agreement will facilitate Securitize being named as “the first digital transfer agent eligible to mint blockchain-native securities for… Read More >>
CFTC Task Force to Help IT Innovators
Michael S. Selig, chairman of the Commodity Futures Trading Commission (CFTC), says the regulator wants to help innovators serving the U.S. derivatives markets and has launched the Innovation Task Force, “dedicated to advancing clear rules of the road for American innovators building novel products and technologies,” officials say. In addition, Michael J. Passalacqua, senior advisor… Read More >>
T+1’s Progress Hampered by Fragmented Ops
Fragmented local processes and the absence of a global operating model are set to challenge financial services firms in Europe and the U.K. as they prepare for T+1 settlement cycles in October 2027. A survey by Citi and research firm ValueExchange found that 29 percent of European firms lack a globalized operating model, complicating T+1… Read More >>
Ops Teams Must Focus on A.I. Governance: SS&C
Financial services firms are moving fast to embrace enterprise-wide artificial intelligence (A.I.) workflows, but officials at SS&C Technologies say they have identified a “growing gap in how these systems are operationalized, managed, and governed in production” and are putting forth a framework to rectify the situation. SS&C’s Enterprise A.I. Governance Framework is “calling on the… Read More >>
Is the Post-Trade Market Growing?
Where is the post-trade, securities operations processing market going? One report is predicting “significant expansion” of up to $9.12 billion by 2030 for the market because of DLT/blockchains that facilitate the search for the Nirvana of straight through processing (STP). “The post trade processing solution market is set for significant expansion over the coming years,… Read More >>
FTSE Russell & CanDeal DNA Expand Partnership
CanDeal Data and Analytics (DNA), a provider of Canadian over-the-counter (OTC) financial market data solutions, and FTSE Russell, the global index provider, recently announced an agreement to extend by a decade the use of CanDeal DNA’s Fixed Income Pricing via FTSE Canada Indices, officials say. The expanded partnership between CanDeal DNA and FTSE Russell enables… Read More >>
Nasdaq & Talos to Take On Tokenized Collateral
Nasdaq and Talos have formed a partnership to connect the digital asset infrastructure of Talos with Nasdaq’s Calypso and Trade Surveillance platforms in an effort to develop “an integrated solution for managing tokenized collateral,” officials say. “The partnership addresses … the challenge of integrating digital assets into existing risk management and collateral workflows,” officials say…. Read More >>
Securities Tokenization Hits Its Stride
The tokenization of securities is taking off, and securities firms are moving fast to take advantage of what could be a long-promised leap forward via distributed ledger technology (DLT), otherwise known as blockchains. For securities, tokenization is the ownership of a traditional financial asset but expressed as digital tokens tied to a distributed ledger that… Read More >>
