Financial Technologies Forum, LLC

07/05/2021

Get your Wall Street Enforcement Update: Robinhood Pays $70M to Resolve FINRA Case: https://bit.ly/3jBWlc6; SEC Penalizes Guggenheim via Whistleblower Suppression Case: https://bit.ly/3higS43; and Do Regulators Need to Clarify CCO Liability? https://bit.ly/2Sn71Aj

Get your Wall Street Enforcement Update: Robinhood Pays $70M to Resolve FINRA Case: https://bit.ly/3jBWlc6; SEC Penalizes Guggenheim via Whistleblower Suppression Case: https://bit.ly/3higS43; and Do Regulators Need to Clarify CCO Liability? https://bit.ly/2Sn71Aj

06/25/2021

Do Regulators Need to Clarify CCO Liability? | FTF News

The NYC Bar Association wants the industry to consider a framework for evaluating the liability of chief compliance officers: https://bit.ly/2Sn71Aj

“Regulators, compliance officers and the investing public would all benefit from the adoption of a framework for evaluating potential cases against chief

06/18/2021

T+1 UPDATE: The push to shorten the U.S. securities settlement cycle from T+2 to T+1 by 2023 is well into the information-gathering stage via private industry workshops that will decide the time frame & uncover Ops woes: https://bit.ly/2SKrwqz via FTF News

06/18/2021

Digital Dangers and Digital Opportunities: All Covered by FTF News:
-- Bitcoin-Based Futures Are Risky Business: Regulators: https://bit.ly/3iRzQiY
-- Should the SEC Become a Crypto Cop? https://bit.ly/3fZNaPo
-- ‘State Street Digital’ to Offer Crypto Asset Services https://bit.ly/3gviAhT
-- Broadridge’s DLR Handles $31B in Repos Daily: https://bit.ly/2U1XzCG

06/16/2021

Stopping the Financial Exploitation of the Elderly | FTF News

FINRA, the SEC, and the North American Securities Administrators Association (NASAA) — are taking steps to help securities firms become more proactive in the protection of seniors. Their efforts are in honor of World Elder Abuse Awareness Day (June 15): https://bit.ly/3zwKPVa

Grygo is the chief content officer for FTF & FTF News. Among the most troubling issues that FTF News reports upon via our enforcement stories is the sad

06/16/2021

FTFNews reports upon Broadridge's launch of a blockchain-based platform for bilateral repo trading: https://bit.ly/2U1XzCG

FTFNews reports upon Broadridge's launch of a blockchain-based platform for bilateral repo trading: https://bit.ly/2U1XzCG

06/10/2021

FTF News Live Interviews

OPS & OPEN SOURCE: Key middle & back-office concerns such as data modeling, regulatory compliance & interoperability are on Jane Gavronsky’s agenda in her new role as the first CTO at open source proponent FINOS. “That’s a common thread and certainly touches the back office,” says Gavronsky via a recent FTF News Live chat:

06/09/2021

FNZ Can Have GBST’s Post-Trade Wares: CMA | FTF News

The FNZ-GBST acquisition saga may be entering its final act as the CMA has reaffirmed its initial findings that their continued merger would reduce competition in the retail investment platform solutions space. This time around, though, the CMA has suggested that FNZ could sell off GBST and either keep or buy back the non-retail, post-trade offerings of GBST, the “Syn~” solutions: https://bit.ly/3vgIV7P #FTFNews

The FNZ-GBST acquisition saga may be entering its final act as the Competition and Markets Authority (CMA) in the U.K. has reaffirmed its initial findings that

06/07/2021

BIG NEWS: FTF is pleased to announce that operational excellence and major achievements in financial technology innovation surged in 2020 as evidenced by the winners of the 2021 FTF News Technology Innovation Awards competition: https://bit.ly/3uUSo4d

06/01/2021

Major recs services competitors Gresham & Electra will be combining into one via Gresham’s acquisition of Electra. Gresham says that the move will strengthen its ability to scale in U.S. markets and widen its global footprint: https://bit.ly/3uE7A5J
@FTFnews

@FTFMaureen

05/21/2021

CME Slated to Oversee Forward-Looking SOFR Rates | FTF News

HOT NEWS! The push to replace LIBOR advanced with the breaking news that the ARRC, which oversees SOFR, has picked CME Group to administer forward-looking rates, according to CME & ARRC. FREE FINTECH UPDATE at: https://bit.ly/2T4T3Tv #libortransition

ARRC Wants CME Group to Serve as Administrator The push to replace LIBOR advanced with the news that derivatives exchanges operator CME Group is in the lead

05/17/2021

Goldman Sachs and QC Ware achieved a breakthrough for Monte Carlo simulations that will mean more five years from now. To help explain this development, FTF News reached out to Yianni Gamvros at QC Ware: https://bit.ly/3ovA7cf

05/17/2021

SEC Chair Gary Gensler has endorsed the move to T+1 settlement during his recent testimony before Congress. "I’ve directed the SEC staff to put together a draft proposal for the Commission’s review on this topic,” Gensler said: https://bit.ly/3waIzA9

05/11/2021

FTF News Live Interviews

FTF News Live Interviews

05/07/2021

Bank of Ireland to Hire 130 Technologists: Their mission will be to deliver on an “ambitious digital agenda.” We also cover Wolters Kluwer FRR’s Aussie expansion, Substantive Research’s new dashboard & KX’s new hires: FREE FINTECH UPDATE & MORE: https://bit.ly/3hbcIen

05/05/2021

CME Group Ends Most Open Outcry Trading: CME Group has announced that the physical trading pits shut down since March 2020 will remain permanently closed as global financial markets move toward a post-pandemic phase: MORE FREE FINTECH NEWS HERE: https://bit.ly/2QU1LDi via FTF News

CME Group Ends Most Open Outcry Trading: CME Group has announced that the physical trading pits shut down since March 2020 will remain permanently closed as global financial markets move toward a post-pandemic phase: MORE FREE FINTECH NEWS HERE: https://bit.ly/2QU1LDi via FTF News

05/02/2021

GET YOUR T+1 FIX via FTFnews:
SIFMA, ICI & DTCC Launch T+1 Outreach https://bit.ly/3xEEKoD; Momentum is Building for T+1: Q&A: https://bit.ly/3vtbDCT; PODCAST: Firms Want Shorter Settlement Says T+1 Pioneer https://bit.ly/3nH3o3k; BLOG: T+1 in Two Years Says DTCC https://bit.ly/3bSMjxH

04/30/2021

SS&C Lays Off 2.2% of Global Workforce: Bill Stone, SS&C Chairman & CEO: “Earlier this month, we announced a reduction in force of 2.2 percent in our global employee base. These decisions are always difficult:" More details here: https://bit.ly/2PDlfM3

SS&C Lays Off 2.2% of Global Workforce: Bill Stone, SS&C Chairman & CEO: “Earlier this month, we announced a reduction in force of 2.2 percent in our global employee base. These decisions are always difficult:" More details here: https://bit.ly/2PDlfM3

04/20/2021

UK Regulator Pushes Again for FNZ-GBST Breakup | FTF News

FNZ may have to undo its acquisition of GBST because a regulator in the U.K. — the Competition and Markets Authority (CMA) — has again determined that the union of FNZ and GBST would “substantially lessen competition” and is reviewing “different remedy options to address these concerns,” CMA officials say. GBST provides the Syn~ suite for automating middle and back-office trade processing for banks and brokerage firms: https://bit.ly/3n3aKhn

FNZ may have to undo its acquisition of GBST because a regulator in the U.K. — the Competition and Markets Authority (CMA) — has again determined that the

04/14/2021

IS RECS READY FOR THE ROBOTS? OUR SESSION JUST STARTED: A live, interactive discussion features Mark DiMaio of Ernst & Young, Patrick O'Rourke of QMA & Lou Rosato of BlackRock as they debate whether financial services firms are ready A.I.: https://bit.ly/2Q3zrxR You can also watch the recorded version, available soon.

IS RECS READY FOR THE ROBOTS? OUR SESSION JUST STARTED: A live, interactive discussion features Mark DiMaio of Ernst & Young, Patrick O'Rourke of QMA & Lou Rosato of BlackRock as they debate whether financial services firms are ready A.I.: https://bit.ly/2Q3zrxR You can also watch the recorded version, available soon.

04/13/2021

What are the new roles for Ops staff that will come with the new digital future?

Join this discussion on how a digital environment can provide cost-effective data transparency from the front-to-the-back office, scalability, optimal cyber-security, data integration among platforms, and a stronger foundation for the future. Click here to sign up: https://event.on24.com/wcc/r/3082547/D1E1353D4994E9EAC09D3E08576DCF9D?partnerref=Facebook

Fis Global #FTFWebinars #FTFVirtual #digitaltransformaton #digitalevolution #futureproofing #datamanagement #ESG #cloudcomputing #securitiesoperations #posttrade #FinTech Jon Ambos Christine Huizinga Ed Selker

What are the new roles for Ops staff that will come with the new digital future?

Join this discussion on how a digital environment can provide cost-effective data transparency from the front-to-the-back office, scalability, optimal cyber-security, data integration among platforms, and a stronger foundation for the future. Click here to sign up: https://event.on24.com/wcc/r/3082547/D1E1353D4994E9EAC09D3E08576DCF9D?partnerref=Facebook

Fis Global #FTFWebinars #FTFVirtual #digitaltransformaton #digitalevolution #futureproofing #datamanagement #ESG #cloudcomputing #securitiesoperations #posttrade #FinTech Jon Ambos Christine Huizinga Ed Selker

04/12/2021

ISITC Events Likely to Stay Virtual for 2021

In the latest FTF Exchange podcast, Lisa Iagatta, chair of ISITC, talks about the challenges of going virtual and the future of the organization. 🎙 Listen to the full podcast at https://www.ftfnews.com/podcast/isitc-events-likely-to-stay-virtual-for-2021

04/12/2021

ISITC Events Likely to Stay Virtual for 2021 | FTF News

Take a minute and listen to our FTF Exchange podcast with Lisa Iagatta, chair of ISITC. Lisa provides insight into how ISITC is forging ahead despite pandemic challenges, and what may be next for the organization: https://bit.ly/3mGRjuD

ISITC Chair Lisa Iagatta tells FTF News that the conferences and group meetings of the trade group for securities operations standards will likely stay virtual

04/12/2021

M&G Outsources Middle Office to State Street | FTF News

M&G Corporate Services picked State Street to provide outsourced middle office services in an arrangement that extends a 10-year fund accounting and custody services contract. State Street now can offer portfolio services, reference data, cash reporting, transaction management, asset servicing & recordkeeping. In other news, EBS & TORA collaborate, ZEDRA makes a key purchase & Jordan & Jordan sells its MDR business: https://bit.ly/2PVILE5

M&G Extends Current Arrangement M&G Corporate Services Ltd., a part of M&G plc, has picked State Street to provide outsourced middle office

04/08/2021

Firms Want Shorter Settlement Says T+1 Pioneer

FTF News interviewed Carol Penhale at Broadridge about the DTCC’s T+1 push.

04/08/2021

CFTC Pursues Alleged Bitcoin Swindler Gone Missing | FTF News

The Sound of Crypto Silence? Why is no one talking about the many alleged Crypto Crooks that are ripping off financial services firms & individuals while regulators struggle to catch up? Read about the latest example here: https://bit.ly/31U1PVL via FTF News online.

It looks like a classic case of take the money and run. Following its investigation, the Commodity Futures Trading Commission (CFTC) has gone to the United

04/08/2021

Credit Suisse & Instinet Use Blockchain for T+0 Settlement | FTF News

FREE FTF News FinTech Update: Credit Suisse & Instinet Use Blockchain for T+0 Settlement; FNZ & State Street collaborate, NICE Actimize unveils a new surveillance service & Horizon Software expands efforts in Vietnam: https://bit.ly/2OwJJWJ

Instinet & Credit Suisse Use Paxos Settlement Service Instinet and Credit Suisse used blockchain technology from Paxos Trust Company to settle U.S.

04/08/2021

Will Blockchain Deliver on Its Promises in 2021? | FTF News

Is a #Blockchain Disruption Coming for Ops? https://bit.ly/39Rt07I

Grygo is the chief content officer for FTF & FTF News. I think our lead fintech news brief about Instinet and Credit Suisse completing multiple equities

04/06/2021

COVID-19 Put Cloud’s Value to the Test: Q&A | FTF News

Julian Trostinsky at Duco says in an FTF News Q&A that the challenges of the pandemic proved the value of cloud computing to post-trade Ops: https://bit.ly/3cSjV0o

(Editor’s Note: Financial services firms that were sitting on the fence about cloud computing are changing their minds as they look to the post-pandemic world.

04/06/2021

Got the Bonus Season Blues? Wall Street's bonus season has been better than expected but firms lost 3,600 positions to remote or relocated operations: FTF News story at: https://bit.ly/39Npn2I

04/01/2021

Canada Lays Down the Law for Crypto Exchanges: Regulators say current law governs “crypto-asset trading platforms." Our free news roundup also covers people moves at Baton Systems & Broadway Technology & an ESG partner for BNPPSS: https://bit.ly/3wlPpE4

03/29/2021

Citi Tries to Combat Zoom Fatigue: Citi CEO Jane Fraser has reached out to bank employees to address pandemic fatigue & instituted several major changes such as “Zoom-Free Fridays.” To help staff implement a reset, Citi is taking three actions: https://bit.ly/3wcdDQU @FTFnews

Citi Tries to Combat Zoom Fatigue: Citi CEO Jane Fraser has reached out to bank employees to address pandemic fatigue & instituted several major changes such as “Zoom-Free Fridays.” To help staff implement a reset, Citi is taking three actions: https://bit.ly/3wcdDQU @FTFnews

03/29/2021

BREAKING NEWS: Broadridge Buys Itiviti for $2.5B: The acquisition is intended to help clients streamline their front-to-back technology stacks and widen Broadridge’s global reach. Post-trade provider Broadridge acquired Itiviti Holding AB from Nordic Capital. https://bit.ly/3uaOmFb

03/25/2021

SecOps Online

TUNE IN NOW! It's a terrific talk: https://summit.ftfsecops.com/talks/digitizing-the-libor-transition/

A talk by Jeff Himstreet, Jaime Madell & Misharr Rutnagar

03/23/2021

Carol Penhale at Broadridge Talks About T+1 Settlement

For this free FTF News live interview, Eugene Grygo had chat with Carol Penhale at Broadridge Financial Solutions about the industry moving to the shorter, T+1 settlement cycle for equities markets in the United States.The issue is on peoples’ minds again as the DTCC IS pushing a two-year industry roadmap for a one-day settlement cycle.