News

Greater coordination needed for cloud innovation

Despite the cloud’s ability to fuel innovation and industry change, financial institutions remain hindered by a variety of barriers to adoption, according to a...

Geopolitical risks and inflation flagged as top risks to financial industry

Perhaps unsurprisingly, geopolitical risks, trade tensions, inflation and cyber risk were flagged as the most significant threats to the financial services eco system in...

Institutional investors sharpen their focus on belt tightening

Saving money is a key priority when pension funds, insurers and corporates are assessing technology platforms in the New Year, according to a new...

BIS warns of $80 trillion of hidden FX swap debt

Pension funds and other non-bank financial firms currently have over $80 trillion of hidden, off-balance sheet dollar debt in the form of FX swaps,...

Securities firms’ outlook remain neutral for 2023 despite uncertainty

Despite the volatility and uncertainty hanging over global financial markets, the outlook for both North American and European securities firms remains neutral for 2023, ...

Traditional exchanges are the preferred route for digital asset trading

The volatility and high-profile bankruptcies of leading crypto firms has only strengthened the case for many institutional investors to use traditional regulated exchanges as...

Increase in regulation and volatility drives trade surveillance investment

The increasing complexity of trade surveillance requirements, driven by regulatory demands and exacerbated by volatility, is putting pressure on manual processes and driving investment...

EFAMA reaffirms support for consolidated tape

The European Fund and Asset Management Association (EFAMA), and many of its members, are continuing to call for a consolidated tape (CT) for equities. EFAMA...

Alveo expands global data coverage with new data solutions from SIX

Data solutions company Alveo has expanded its partnership with SIX to enhance its global data coverage. As part of the renewed mandate, Alveo will add...

UK government rolls back plans to curb regulators’ powers

In another U-turn, the UK government abandoned plans to give ministers the power to overrule City regulators such as the Financial Conduct Authority (FCA)...

Societe Generale and AllianceBernstein to launch new global equity business

Societe Generale. France's third-biggest listed bank, and US investment management company Alliance Bernstein plan to form a joint venture focusing on global cash equities...

SI activity being driven by electronic market making firms

The systematic internaliser (SI activity) is increasingly being driven by new electronic market making firms such as Optiver and XTX, according to Liquidnet's latest...

DTCC launches the Report Hub Service

The Depository Trust & Clearing Corporation (DTCC) has launched DTCC Report Hub’s assisted reporting model which enables sell side firms to assist buy side...

Simcorp partners with AccessFintech to increase buy side

SimCorp, a provider of software-as-a-service investment management solutions, has partnered with AccessFintech to increase efficiency across the buy side. The joint venture, which will connect...

FX fund maangers identify best execution and comparative quotes as main challenges

When it comes to FX operations, 43% of FX fund managers pointed to demonstrating best execution and 40% identified getting comparative quotes as two...