BNY Mellon and Microsoft are collaborating to expand and enhance the custodian’s data analytics platform according to a story in The Trade news.  Using Microsoft Azure cloud and BNY Mellon’s financial data and analytics capabilities, the collaboration aims to bolster BNY Mellon’s data management solution for buy-side and sell-side clients.  “The technology and data ecosystems are becoming more complex, competitive and cost-intensive for our clients,” said Akash Shah, chief growth officer at BNY Mellon. “Combining BNY Mellon’s data infrastructure and analytics services...

Citi Securities Services announced the launch of Financial Information eXchange (FIX) API connectivity on ACES – the bank’s online, global ETF portal that fully automates the entire ETF process. According to a story in MarketsMedia news, the new integration offers more simplified order management and onboarding. Authorized participants are now able to connect directly to the ACES platform and manage ETF share creation and redemptions in a more seamless manner. Paul Spyropoulos, ETF Product Manager at Citi Securities Services, comments, “with the ETF industry’s move to T+1 looming...

As investor demand for private debt and direct lending investments grows, Silverview Credit Partners has optimized its technology capabilities to support this asset class with global Fintech leader Broadridge Financial Solutions Inc's Sentry Portfolio Management solution. This technology will enable Silverview Credit Partners to achieve greater operational efficiencies and increase transparency in its portfolio management activities for its direct lending business. "There is a surge in interest in direct lending, and especially among private credit firms, it has caused a...

FIS, a global leader in financial technology, announced the completion of the previously announced sale of a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR in a transaction valuing the business at an enterprise value of $18.5 billion, including $1 billion of consideration contingent on the returns realized by GTCR exceeding certain thresholds. The completion of the transaction reinforces FIS’ position as a global enterprise software provider, supported by favorable industry trends, a set of global clients and a broad range of products and...

FIF has scheduled two additional calls for the CAT Transaction Reporting Working Group for this week. On Monday February 5 at 2 pm ET, the Working Group will continue its discussion of CAT billing and reconciliation. On Thursday February 8 at 11 am ET, the Working Group will discuss linkage of representative to customer orders and linkage of order fulfillments to principal and riskless principal orders. The Monday and Thursday calls are in addition to the regularly-scheduled CAT Transaction Reporting Working Group call on Wednesday February 7 at 2 pm ET and the regularly-scheduled CAIS...

The SEC has scheduled an open meeting for Tuesday February 6 at 10 am ET (rescheduled from January 31). At the meeting, “The Commission will consider whether to adopt new rules to further define the phrase ‘as a part of a regular business’ as used in the statutory definitions of the terms ‘dealer’ and ‘government securities dealer’ under the Securities Exchange Act of 1934, in connection with certain liquidity providers.” You can access the meeting from the SEC’s home page at the scheduled start time for the meeting.

FIF has scheduled a call for the Rule 605 Working Group for Tuesday February 6 at 3 pm ET. The Working Group will review a draft supplemental FIF comment letter on the SEC’s rule proposal to modernize Rule 605.

The next call for the TRACE Working Group will be on Thursday February 8 at 2 pm ET. The agenda for the call will be to review and discuss a revised draft of the FIF comment letter on (i) the January 11 rule filing by FINRA to reduce to one minute the TRACE reporting timeframe for securities that are currently subject to a fifteen-minute reporting timeframe and (ii) the parallel rule filing by the MSRB on January 12. 

The next call for the FIF Tax Information Reporting Working Group will be on Thursday February 8 at 3 pm ET. Representatives from Wolters Kluwer will discuss tax considerations for trading Bitcoin ETFs.