Does the financial services industry need more than one identification standard for digital assets? Can standards for identifying traditional assets even apply for the digital asset market? Those are the two questions trading, compliance and operations managers at fund management firms, custodians, exchanges, and issuers of digital tokens will soon answer now that they have […]
SEI Loses Antitrust Suit Against SS&C; Use of Geneva Stands
Fund administrator SEI Global Services has lost a legal battle against SS&C Technologies for violating US antitrust regulations, but it appears to have won the critical legal war necessary to ensure the fund administrator can continue using SS&C’s Advent Geneva portfolio accounting system to service its alternative fund clients. On October 23, 2020, Judge Chad […]
Operational Resilience 2021: The Human Factor
Operational resilience will replace business continuity as the mantra for operations, IT and risk managers at fund management firms, banks and brokers in 2021 requiring a whole new combination of procedures, human interactions and even a bit of technology spend. Operational resilience goes far beyond business continuity. “Operational resilience takes a much broader approach to […]
Market Data Madness 2021: CME’s New Data Fees
The CME Group’s decision to require redistributors to soon pay a first-time ever annual fee for its historical commodities data has pitted a group of vendors against the world’s largest derivatives exchange calling the action illegal and anti-competitive. Effective January 1, 2021, says the CME Group, redistributors of its historical commodities data will have to […]
Fund Middle Office 2021: Year of Fair Valuation
Middle-office accounting managers at US fund management firms will likely be talking a lot more in 2021 with C-level management, third party valuation agents, and boards of directors to figure out just what the terms fair and material mean when it comes to pricing non-exchange traded assets in their portfolios following the Securities and Exchange […]
Etrading Software Nabs Digital Token ID Authority
Traders and operations managers handling cryptocurrencies and other digital assets could soon find themselves using new identification codes issued by Etrading Software, pending approval by the International Organization for Standardization (ISO), the standards-setting body. The London-based Etrading Software has beaten the duo of Bloomberg and Kaiko in the bidding process to be named as the […]
Free Webinar: Consolidated Audit Trail: Creating the Right Data Linkages
Join S3 and FinOps Report for a free webinar on creating the right data linkages for reporting to the Financial Industry Regulatory Authority’s Consolidated Audit Trail. Sponsored by S3 Save the date: Wednesday, October 21, 2020 Time: 4:30PM EST Contact: Michelle Lindenberger, S3 media/PR manager, at lindenberger.michelle@gmail.com for free dial-in details For broker-dealers’ trade operations, regulatory reporting, […]
CAT: FINRA’s Exams, Deadlines Won’t Be a Virtual Breeze
Trade compliance, regulatory operations, and technology managers at US broker-dealers will need to quickly cross their Ts and dot their I’s when it comes to documentation, data, and IT if they want to pass muster with the Financial Industry Regulatory Authority’s examiners for reporting to the new Consolidated Audit Trail (CAT) and survive one of […]
Race to the Patent Office for Syndicated Loan Blockchain
The results of a behind the scenes battle brewing between blockchain technology startup Hashlynx and mega-bank Bank of America to win a patent for a distributed ledger-based technology platform could end up determining how the operational difficulties inherent in the US$2 trillion paper-intensive syndicated loans market are eliminated and by whom. Whoever is awarded a […]
SEC’s Fair Value Rule: Don’t Drop Old Guidance, Say Critics
The US Securities and Exchange Commission’s new proposed rule for fund managers to fair value some of their assets has prompted a vocal minority of legal and valuation experts to question whether the regulatory agency should entirely scrap older guidance in favor of new accounting rules as the barometer for valuation. Fair value isn’t a […]