Broadridge Financial Solutions, a provider of systems and services for securities operations, reports that it has enhanced its NYFIX order-routing network and post-trade matching platform so that clients can “access overnight U.S. equity liquidity through a new integration with CAPIS, an institutional brokerage firm” that offers high-touch trading support, officials say. In addition, Broadridge is… Read More >>
SEC & CFTC Offer Clarity for Crypto Assets
Paul S. Atkins, the chairman of the Securities and Exchange Commission (SEC), has issued clarifications for the treatment of crypto assets under federal securities laws to help market participants know when a crypto asset is a security. The chairman is hoping to build a bridge to the future for entrepreneurs and investors while the U.S…. 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 >>
Post Trade Solutions Unveils ‘TradeAgent’ Platform
Post Trade Solutions, a part of LSEG’s Markets division, has launched TradeAgent, a post-trade processing platform that relies upon a centralized data store to provide standardization and automation across workflows, officials say. TradeAgent’s creation was aided by a consortium of more than 10 leading banks and buy-side firms. TradeAgent is intended to help industry participants… Read More >>
Coinbase Adds Stock & ETF Trading via Yahoo Finance
Cryptocurrency exchange Coinbase has added the ability for users to trade stocks and exchange-traded funds (ETFs) through a deal with financial news and data provider Yahoo Finance, consolidating stock and crypto trading on a single platform, officials say. Officials describe the move as a milestone in the convergence of digital assets and traditional markets. Coinbase… Read More >>
A.I. Creates Opportunities & New Uncertainties for Ops
Technologies based on artificial intelligence (A.I.) are having a significant impact on the software, systems, IT infrastructures, and operations of securities firms. A.I. is also raising the stakes of uncertainty for those working in securities operations. I’m referring to the uncertainty that Bill Keenan mentioned in my Q&A with him, which ran on February 10…. Read More >>
Droit Adds GenAI Capability to Adept Platform
A technology platform – Adept from Droit — that reviews laws, rules, and policies to provide securities firms with compliance decisions that underpin their pre- and post-trade actions now has a generative artificial intelligence (A.I.) capability — dubbed the Decision Decoder — providing “context-aware explanations” for compliance decisions, officials say. The Adept platform evaluates the… Read More >>
Webull Singapore Uses CQG for New Futures Offering
Officials at CQG and Webull Securities (Singapore) Pte. Ltd. report that CQG is providing global trading infrastructure and order-routing access to support Webull Singapore’s new futures offering, which will be integrated with other offerings from Webull entities in Asia-Pacific that also use CQG technology. Webull Singapore is a subsidiary of Webull Corp. in the United… Read More >>
Exegy’s Axiom Platform Adds Key Canadian Feeds
Axiom, a market data-as-a-service solution platform, has expanded its real-time, low-latency equity data access to key Canadian feeds, officials say. Axiom is an offering from Exegy, a market data, trading technology, and managed services provider for the capital markets. The expanded coverage is facilitated via Exegy’s implementation of the TMX Information Processor (TMX IP), a… Read More >>
SEC & CFTC Scale Back to Skeleton Staffs
With the shutdown of the U.S. federal government, the financial markets regulators — the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) — have issued guidelines to help staff members and market participants maintain some regulatory requirements. During the shutdown, the SEC “will have only an extremely limited number of staff… Read More >>
