The Investment Operations Outsourcing (IOO) fund manager clients of custodian Northern Trust will have more control over the lifecycle of account events, thanks to greater transparency and efficiency enabled by a centralized workflow — the result of an expanded collaboration with financial technology provider Saphyre, officials say. Saphyre uses A.I.-based technology to digitize pre-trade data… Read More >>
SwapClear to Use Markit’s New Netting Service
The SwapClear clearinghouse is using a netting synchronization service for cleared, over-the-counter (OTC) derivatives just launched by financial information services vendor Markit. Markit is introducing the service in a bid to help banks “automatically update their risk systems after netting and compression activity at their clearing houses,” say vendor officials. “Netting exposures within a clearing… Read More >>
