Ops systems and services provider Broadridge Financial Solutions has officially launched its Glasgow, Scotland center to provide business process outsourcing (BPO) to clients located within the U.K. and European regulatory environment, officials say. “The Glasgow center has been established to meet the growing demand among financial institutions for greater operational resilience, geographic diversification, and access… Read More >>
Would You Let a Robot Mow Your Lawn?
Would you let an A.I.-based, battery-operated robotic lawn mower cut your grass, especially if you have a large backyard or own a few acres? Despite soaring inflation rates, you might be inclined to embrace robotics for menial chores, especially if you received a particularly good bonus for 2025. The Wall Street bonus pool, based on trading,… Read More >>
SEC Faces Pushback on Public Company Reporting Proposal
The U.S. Securities and Exchange Commission (SEC) has put forth a proposal to give public companies the option of filing reports semiannually instead of quarterly, streamlining compliance with federal securities laws. However, key industry players are pushing back, arguing that investors could be hurt by information gaps and that market efficiency could take a hit…. Read More >>
Gresham & FundGuard Take On Manual Data Collection
(Gresham, a provider of Enterprise Data Management (EDM) solutions and services, is partnering with FundGuard, maker of a cloud-native investment accounting platform that leverages artificial intelligence (A.I.) technologies. The partnership will allow for an integration between FundGuard’s multi-book investment accounting capabilities and Gresham’s EDM solutions. The goal of the partnership is to enable institutional investors,… Read More >>
DTCC & SSImple Push for Fully Automated SSIs
Post-trade infrastructure provider the Depository Trust & Clearing Corp (DTCC) is working with fintech company SSImple to help custodians automate the submission of correct Standing Settlement Instructions (SSIs) into DTCC’s Alert system — an effort that has become crucial as European firms move closer to their T+1 deadline. The DTCC’s Alert SSI database encompasses multiple… Read More >>
BNY Joins the CLSNet Service
Global custodian BNY has gone live on CLSNet, a bilateral payment netting calculation service, in an effort to “optimize and safeguard” FX operations against settlement risk, officials say. CLSNet is part of CLS, a settlement, processing, and data solutions provider for the foreign exchange (FX) industry. “CLSNet standardizes and automates post-trade matching and netting processes… Read More >>
Partnership Brings Proxy Voting to Tokenized Securities
Post-trade systems and services provider Broadridge Financial Solutions is partnering with Ondo Finance, a blockchain-native company that can tokenize real-world assets, to unlock proxy voting capabilities for “holders of third-party tokenized stocks and ETFs,” officials say. “Through this integration with a new Web3-enabled solution developed by Broadridge, holders of more than 250 Ondo tokenized stocks… Read More >>
Time for a Common Data Platform for Ops?
In Tokyo, two prominent companies are taking an innovative approach to back-office operations by exploring whether a common data platform could resolve many Ops woes. JPX Market Innovation & Research (JPXI), a subsidiary of the Japan Exchange Group (JPX) focused on JPX’s data, digital, and index businesses, and Japan Securities Finance (JSF), a provider of… Read More >>
BMLL & SpiderRock Launch Partnership
BMLL, a provider of historical Level 3, 2 and 1 data and analytics, is making SpiderRock’s Options Print Set data available through the BMLL Data Lab, officials say. The addition of SpiderRock’s Options Print Set data will help clients “analyze the interaction between options markets and underlying cash equity behavior within a single framework,” officials… Read More >>
Northern Trust Readies Tokenized Asset Custody via Canton Network
Northern Trust is collaborating with Digital Asset Holdings, the founder of the Canton Network, a public blockchain developed for financial services firms in need of secure and interoperable transactions. The collaboration will need the Canton Network for the custody capabilities for tokenized financial assets to come. The Northern Trust effort is in response to its… Read More >>
