T+1

Sterling Trading Tech Readies Broker-Dealers and Clearing Firms for May 28 T+1 Compliance

Retrieved on: 
Wednesday, March 20, 2024
Risk, STT, T+2, RIAS, Rule, T+1

As with all regulatory requirements impacting operations, affected firms must be in full compliance on the effective date.

Key Points: 
  • As with all regulatory requirements impacting operations, affected firms must be in full compliance on the effective date.
  • STT shares the Commission’s view that risk reduction, lower latency, and increased efficiency can only benefit investors and markets.
  • Said David Weiss, CTO, at STT: “Our team has conducted a thorough analysis and assessed all potential impacts for T+1.
  • STT has taken proactive measures to implement the requirements for reporting, and we encourage all firms to communicate with their clearing firms to ensure compliance on their end.

S&P Global Market Intelligence to Collaborate with DTCC on T+1 Offering

Retrieved on: 
Wednesday, March 13, 2024
ALERT, S&P Global, Organization, Database, Improper integral, Communication, KYC, DTCC, T+1, Christianity in Singapore, API, SPGI, SSI, Regulation, Security (finance)

NEW YORK, March 13, 2024 /PRNewswire/ -- S&P Global Market Intelligence, a division of S&P Global (NYSE: SPGI) today announced plans to collaborate with DTCC, the premier post-trade market infrastructure for the global financial services industry, to deliver a joint solution to support clients impacted by upcoming U.S. T+1 settlement requirements. The organizations plan to link S&P Global Market Intelligence's Onboarding Accelerator platform with DTCC's ALERT to increase transparency, efficiency and straight-through processing in the institutional trading industry.

Key Points: 
  • NEW YORK, March 13, 2024 /PRNewswire/ -- S&P Global Market Intelligence, a division of S&P Global (NYSE: SPGI) today announced plans to collaborate with DTCC, the premier post-trade market infrastructure for the global financial services industry, to deliver a joint solution to support clients impacted by upcoming U.S. T+1 settlement requirements.
  • The organizations plan to link S&P Global Market Intelligence's Onboarding Accelerator platform with DTCC's ALERT to increase transparency, efficiency and straight-through processing in the institutional trading industry.
  • By linking the services, Onboarding Accelerator users will be able to query the status of critical standing settlement instructions (SSI) reference data for a particular account and market directly within the S&P Global Market Intelligence platform.
  • It will streamline a manual, antiquated process, maximizing efficiency and minimizing trade settlement failures," said Brittany Garland, Head of Regulatory & Compliance for Enterprise Solutions, S&P Global Market Intelligence.

DEUTSCHE BANK JOINS THE SAPHYRE ENDEAVOR

Retrieved on: 
Tuesday, March 12, 2024
Deutsche Bank, BANK, Intelligence, T+1, Family, Financial services

HOBOKEN, N.J., March 12, 2024 /PRNewswire/ -- Saphyre, a fintech company using patent-approved automated intelligence technology to solve pre-trade activities and post-trade issues, announces that Deutsche Bank joins its network of financial institutions using the Saphyre platform.

Key Points: 
  • DEUTSCHE BANK LEVERAGES SAPHYRE'S PATENTED PLATFORM FOR THE ONBOARDING AND MAINTENANCE OF ITS TRADING RELATIONSHIPS WITH INVESTMENT MANAGERS AND FOR TRADING AGREEMENT MANAGEMENT.
  • HOBOKEN, N.J., March 12, 2024 /PRNewswire/ -- Saphyre, a fintech company using patent-approved automated intelligence technology to solve pre-trade activities and post-trade issues, announces that Deutsche Bank joins its network of financial institutions using the Saphyre platform.
  • Stephen Roche, President & Co-Founder of Saphyre shared, "We are thrilled to have Deutsche Bank, one of the most prestigious financial firms in the industry, join the family of capital market firms on the platform.
  • By having them as part of our network, not only will Deutsche Bank realize middle and back-office operational benefits, but our mutual buy-side clients will gain them as well.

SS&C Unveils T+1 Readiness Scorecard

Retrieved on: 
Monday, March 11, 2024
SS&C, Communication, Anomaly, T+1, SS&C Technologies, STP, Assessment, Financial adviser

WINDSOR, Conn. , March 11, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the rollout of its comprehensive T+1 preparedness scorecard. Leveraging data from top industry utilities, SS&C's tool enables clients to assess whether their post-trade settlement processes align with current market practices. The in-depth scorecard delivers insight into possible bottlenecks and post-trade areas clients may need to improve for T+1 compliance in May 2024.

Key Points: 
  • WINDSOR, Conn. , March 11, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the rollout of its comprehensive T+1 preparedness scorecard.
  • The in-depth scorecard delivers insight into possible bottlenecks and post-trade areas clients may need to improve for T+1 compliance in May 2024.
  • "SS&C's T+1 scorecard helped us assess our processes and come up with ways to improve them," said Jason Roslin, Head of Operations at Taconic Capital.
  • "As part of SS&C's Trade Matching and Settlement Solution, the T+1 scorecard offers clients a useful way to benchmark their post-trade processes against the industry.

Genesis Launches Web-based Middle-Office Solution for Equities and Fixed-Income Trading

Retrieved on: 
Wednesday, February 14, 2024
UI, Monitoring, TAM, Genesis, Automation, T+1, Data, Cryptocurrency

TAM provides a robust foundation for operational efficiency and regulatory compliance through a centralized application that automates trade matching, allocation, confirmation and other middle-office processes for equities and fixed-income products.

Key Points: 
  • TAM provides a robust foundation for operational efficiency and regulatory compliance through a centralized application that automates trade matching, allocation, confirmation and other middle-office processes for equities and fixed-income products.
  • The TAM web application is a scalable, cloud-native solution that integrates seamlessly with other web services, reduces deployment costs and improves updates and maintenance cycles.
  • Built on the Genesis Application Development Platform, TAM continuously evolves through the steady stream of technology innovations and enhancements deployed by Genesis.
  • TAM provides extensive metrics for performance analytics.”
    Introduced by Genesis in 2018, TAM can be deployed on-premise, on-cloud or as a hosted solution.

FXall Leverages Saphyre Tech for Buy-Side Clients to be Trade & Settlement Ready within 24 hours

Retrieved on: 
Tuesday, February 13, 2024
KYC, API, WILL, T+1, London Stock Exchange Group, FX

HOBOKEN, N.J., Feb. 13, 2024 /PRNewswire/ -- To accelerate the setup of funds and reduce settlement times, the London Stock Exchange Group's (LSEG) FXall business will leverage Saphyre's patent-approved technology to expedite their clients' readiness to trade and reduce delays related to post-trade processes.

Key Points: 
  • FXALL'S INVESTMENT MANAGERS, AND ASSET OWNERS SETTING UP NEW FUNDS ON FXALL, WILL LEVERAGE SAPHYRE'S PATENTED TECHNOLOGY TO BE TRADE AND SETTLEMENT READY WITHIN 24 HOURS.
  • Banks will benefit from using Saphyre's API to consume account onboarding information and approve those accounts systematically in FXall, setting them up to be ready to trade in as little as 24 hours.
  • In addition, FX liquidity providers can complete their KYC for these accounts in order to trade FX, Equities and Fixed Income – a triple benefit towards getting accounts to be trade and settlement ready within 24 hours.
  • We're very excited about our partnership with Saphyre as we roll out this new solution to our clients."

Piero Cipollone: Modernising finance: the role of central bank money

Retrieved on: 
Saturday, February 10, 2024
Trigger, Blog, Deutsche Bundesbank, Partnership, Bank, Growth, Deutsch, TARGET2, GDP, CBDC, Database, T+2, Speech, Symposium, FMI, Recurrence, Government, Reproduction, Annual report, Working paper, Principle, ISO, Risk, Face, Automation, DLT, European Parliament, ECB, Communication, Financial market, Ecosystem, BIS, Attention, Bank of England, European Central Bank, TIPS, Bank for International Settlements, SME, Economy, T+1, Congress, Frankfurt, Committee

The paper demonstrates how agreement-level data can be used to study drivers of aggregate negotiated wage growth, as well as monitor the breadth of wage increases and account for time-varying factors such as one-off payments, when assessing wage pressures.

Key Points: 
  • The paper demonstrates how agreement-level data can be used to study drivers of aggregate negotiated wage growth, as well as monitor the breadth of wage increases and account for time-varying factors such as one-off payments, when assessing wage pressures.
  • Lastly, the paper shows that the new indicators can provide reliable signals about current and future developments of wage pressures in the euro area while also serving as important cross-checking tools for negotiated wage growth forecasts.

Citi Enhances ETF Servicing Capabilities with FIX API Connectivity on its Global Online ETF Portal

Retrieved on: 
Wednesday, February 7, 2024
Banking, Asset Management, Professional Services, Finance, Growth, FIX, T+1, Exchange, Automation, ETF, Financial Information eXchange, API, ACES, Financial adviser

Citi Securities Services announces the launch of Financial Information eXchange (FIX) API connectivity on ACES1 – the bank’s online, global ETF portal that fully automates the entire ETF process.

Key Points: 
  • Citi Securities Services announces the launch of Financial Information eXchange (FIX) API connectivity on ACES1 – the bank’s online, global ETF portal that fully automates the entire ETF process.
  • Authorized participants are now able to connect directly to the ACES platform and manage ETF share creation and redemptions in a more seamless manner.
  • By integrating ACES with the FIX protocol, we are unlocking scalability and efficiency not only for our clients, but all ETF market participants.”
    The launch of FIX API connectivity comes as the ETF industry continues to see significant growth.
  • The FIX API connectivity will help to improve market timing and reduce operational risks, while enabling further automation within ACES ETF processing.

Noble and Hashnote to bring the first interest-bearing and interoperable RWAs to the wider Cosmos Ecosystem

Retrieved on: 
Wednesday, January 24, 2024
Apps, Applications, Technology, Finance, Fintech, Professional Services, Blockchain, Internet, Cryptocurrency, Asset Management, IBC, United States Treasury security, Polish notation, Partnership, Name, Ecosystem, OTC, Osmosis, USDC, RWA, T+1

Noble and Hashnote today announced a partnership to bring Hashnote products to the Cosmos ecosystem, using Noble as an on-chain asset issuance platform.

Key Points: 
  • Noble and Hashnote today announced a partnership to bring Hashnote products to the Cosmos ecosystem, using Noble as an on-chain asset issuance platform.
  • The first Hashnote product to be issued on Noble is USYC, a Hashnote Short Duration Yield Fund product.
  • Noble is a purpose-built Cosmos blockchain that facilitates interoperability protocols for the seamless integration and transfer of native assets.
  • This initiative will demonstrate the power of the IBC protocol in making real world assets natively interoperable.” – Noble Founder, Jelena Djuric

NSE is the World’s Largest Derivative Exchange for Fifth Consecutive Year

Retrieved on: 
Thursday, January 18, 2024
Professional Services, Other Professional Services, Finance, Consulting, Banking, Accounting, Futures Industry Association, NPO, SME, Reserve Bank of India, Multimedia, Organic, Natural gas, Business development, FPE, Third, WFE, World Federation of Exchanges, Exchange, USD, Calendar, Statistics, FIA, Security (finance), National Stock Exchange, T+1, Growth

NSE Group (National Stock Exchange of India and NSE International Exchange) has once again emerged as the world’s largest derivatives exchange group in calendar year 2023 by number of contracts traded based on statistics published by Futures Industry Association (FIA), a derivatives trade body.

Key Points: 
  • NSE Group (National Stock Exchange of India and NSE International Exchange) has once again emerged as the world’s largest derivatives exchange group in calendar year 2023 by number of contracts traded based on statistics published by Futures Industry Association (FIA), a derivatives trade body.
  • View the full release here: https://www.businesswire.com/news/home/20240118034299/en/
    National Stock Exchange of India (NSE) is the world’s largest derivatives exchange for the fifth consecutive year in 2023.
  • NSE has witnessed year on year growth in number of clients traded for the 10th consecutive year beginning 2014 to 2023 in its equity segment.
  • NSE International Exchange (NSE IX), commenced its full-scale operations of the NSE IX-SGX GIFT Connect from July 3, 2023, paving way for creating deeper liquidity pool for Nifty products at GIFT IFSC.