Fintech provider SimCorp has unveiled its Axioma Factor Library Suite, a new data repository designed to give quantitative managers a unified source of research data for building investment strategies. The suite supports alpha construction, risk management, custom model development, strategy design, stress testing, and scenario analysis. Aimed at hedge funds, systematic investors, and asset managers,… Read More >>
SEC Moves to Streamline Form N-PORT Reporting
The U.S. Securities and Exchange Commission (SEC) is proposing amendments to Form N-PORT’s reporting regime that are in line with SEC Chairman Paul S. Atkins’s mantra to reduce unnecessary reporting burdens and make disclosure requirements more efficient. Specifically, the SEC is proposing changes to Form N-PORT’s reporting requirements “that apply to certain registered investment companies,… Read More >>
Digital Asset Securities Need Regulated Markets: Q&A
(The U.S. Securities and Exchange Commission (SEC) via its Division of Trading and Markets recently released a wide-ranging guidance covering crypto asset activities, distributed ledger technology, broker-dealer financial responsibility, transfer agents, Form ATS and Form ATS-N disclosures, clearance and settlement, and exchange-traded products. FTF News reached out to Aaron Kaplan, founder and co-CEO at Prometheum… Read More >>
Oxane Partners Reports $1 Trillion in Client AUM
Oxane Partners, a solutions provider to participants in the private credit markets, has announced that it has achieved more than $1 trillion of aggregate client assets under management (AUM) via its hosted platform, Oxane Panorama. “Oxane Panorama is designed as a single operating environment that connects workflows and stakeholders across banks, funds, and institutional investors…. Read More >>
T+1 Is Spreading Across the Globe
T+1 settlement is taking wing across the globe. Earlier this month, Pakistan’s capital markets switched to T+1 settlement, replacing its long-standing existing T+2 cycle. As of February 9, all eligible trades on the Pakistan Stock Exchange (PSX) are being settled quickly on the significantly shortened timeline. According to a press release from PSX, the transition brings… Read More >>
JPX Subsidiary Leads Effort for Back-Office Improvements
Officials at JPX Market Innovation & Research (JPXI), the IT services and research unit of the Japan Exchange Group (JPX) say that they have begun developing “an industry-wide common data platform” for the Japanese securities industry as a way to bolster the efficiency of back-office operations at securities firms in the region. In fact, JPXI is… Read More >>
Fidelity Upgrades FINOS Membership to Platinum
Fidelity Investments has upgraded its membership in the Fintech Open Source Foundation (FINOS) to the Platinum level, further solidifying its role in the formation of Fluxnova, a FINOS-hosted open-source orchestration platform, officials say. A Platinum membership with FINOS is priced at $200,000 annually. Fluxnova is intended to address “needs around workflow automation, vendor independence, and long-term infrastructure sustainability,”… Read More >>
Allspring to Use Investor Services from SS&C GIDS
Asset manager Allspring Global Investments is expanding its transfer agency relationship with SS&C Global Investment & Distribution Solutions (SS&C GIDS), which will now provide investor servicing support, officials say. “Under the extended agreement, SS&C will provide investor servicing to Allspring’s Institutional Liquidity business, which manages $228 billion across five money market funds,” according to the… Read More >>
LMAX Launches Conversion Facility for FX & Digital Assets
A cross-asset marketplace, LMAX Group has launched an infrastructure layer, the Omnia Exchange, that will help end-users to convert FX and digital assets in real time via an application programming interface (API), intended to unify wholesale liquidity and pricing, officials say. Omnia combines blockchain order/entry with the execution of a centralized exchange, officials add. “Omnia… Read More >>
ETF Shares to Use ‘BSKT’ Tool from Bloomberg
ETF Shares, an exchange-traded fund (ETF) issuer based in Sydney, Australia, is using an ETF creation and redemption tool, BSKT from Bloomberg, to support “more flexible and efficient” ETF baskets, officials say. ETF Shares designs its investment products to help Australian investors and financial advisers manage their own and their clients’ wealth. “Using BSKT will… Read More >>
