BlackRock’s Aladdin platform is being integrated with an electronic trading and data venue for mortgage-backed securities (MBS) from BondXN Inc., and this new partnership will allow clients of both companies to access BondXN’s Specified Pool and TBA trading capabilities via the Aladdin platform, officials say. Officials add that they hope the effort will lead to… Read More >>
ISITC Group Issues Guide for Common MBS Initiative
A key group of the ISITC organization for operations standards has issued a guide for industry participants to help them comply with the start of the “Single Security Initiative” of Fannie Mae and Freddie Mac, an effort to foster “a common mortgage-backed security.” The technical guide, “US Settlements and Confirmation Common Elements Market Practice,” was… Read More >>
Will S&P’s $1.5B Settlement Change Anything?
Standard & Poor’s Ratings Services has agreed to pay $1.5 billion to settle claims the company defrauded investors by stamping risky financial products with bullish appraisals in the years leading up to the Great Recession. However, some industry observers aren’t convinced that the record penalties will achieve their intended effect of ensuring the ratings agencies… Read More >>
