Back office
Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T
Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.
Once a blockchain cheerleader, Axoni changes its playbook
The fintech, whose origins can be traced back to the genesis of capital markets’ complicated flirtation with DLT, has largely ditched the tech as the foundation of its data synchronization offering, opting for more familiar territory.
Waters Wrap: The changing definition and perception of blockchain
Anthony says that questions of definition and perception are killing DLT projects in the capital markets—oh, and a lack of proven implementations.
Zeros and ones: Industry contemplates T+0 as the next step
With the North American transition to T+1 settlement complete, same-day settlement could be the next goalpost set, though skeptics are many.
Waters Wavelength Podcast: Broadridge’s Joseph Lo on GPTs
Joseph Lo, head of enterprise platforms at Broadridge, joins the podcast to discuss AI tools.
European firms prime for lopsided settlement in North America and at home
With T+1 imminent in North America and increasingly likely to traverse the Atlantic, operations and trading professionals in Europe are fighting on two fronts.
Settling scores: industry pushes back on new penalties in settlement efficiency drive
Esma is asking for feedback on proposals that could see penalties for settlement fails increase by 25 times. But affected parties say adapting to the new system would be a technical upheaval and are calling for more structural reform.
Waters Wrap: Examining ASX’s CHESS do-over
The Australian exchange was the first exchange to be all-in on DLT—and the project failed. Anthony speaks with ASX’s Tim Whiteley to discuss the lessons learned and why he thinks the second attempt will succeed.
SS&C Advent is working towards its cloud evolution
Three years after laying out its cloud roadmap, the vendor is still pushing ahead with the Genesis platform as the foundation.
Save the date: How an events calendar can improve corporate actions workflow
Having a visual 'calendar' of corporate actions events could free up staff who manually capture this information.
From ChatGPT to BloombergGPT: In capital markets, who can make the most of large language models?
Capital markets are no strangers to hype machines. Among the buzz around generative AI, Nyela wonders who will be best suited to take advantage of the technology and deliver the right use cases to Wall Street.
AI proves helpful for banks facing new cash penalties for settlement failures
According to one report, banks have been hit with penalties of up to €5 million per month under new CSDR settlement rules. As a result, banks are turning to AI to help.
Brown Brothers Harriman unifies busy suite of AI products
It’s a new world, contend BBH’s Kevin Welch and Josh Fine. After a few years of experimentation that yielded several AI products for the bank and its clients, it was time to put the puzzle pieces together to serve a different way of working post-Covid.
The year identifiers wanted some attention too
Cusip! Figi! Isin! BTC! LEI! Taylor Swift? How did we get here and where do we go now?
State Street looks to bolster Charles River, Alpha platforms with FundGuard integration
State Street’s partnership with FundGuard will provide clients with multi-book accounting, allowing them to see two sets of records in one system.
Industry mulls identifier schema for digital assets
As crypto markets face a reckoning in the wake of the FTX scandal, standard-setters and industry participants say identifiers for tokens are key for the industry’s stability.
Transforming post-trade operations
This special report by Broadridge and WatersTechnology has collated powerful insights and viewpoints from industry and editorial experts on the status of this transformative mission and the challenges still presented.
All the pieces fit: connecting trader voice and messaging across workflows
Cloud9 expands Symphony's communication channels to trader voice, in an effort to simplify workflows as Wall Street struggles with compliant communications.
Symphony wants to be Wall Street’s phone book—but smarter
As Symphony strays further from its original purpose of being a chat platform, WatersTechnology sat down with Brad Levy at this year’s Innovate conference to discuss his vision for the firm.
End of Bloomberg’s pandemic provision sparks opportunity—for BBG and terminal upstarts
Middle- and back-office staff at banks and buy-side firms who have become accustomed to remotely accessing Bloomberg terminals at home under a disaster recovery provision could set off a surge of new remote data terminal subscriptions.
New tech for corporate actions aims to improve the data extraction process
Demand for corporate actions data is increasing in the front and middle office, but the data can be hard to read.