OFR Proposal on Reporting for Bilateral Repos. The OFR Repo Reporting Working Group and the TRACE/Fixed Income Working Group continued the review and discussion of a draft FIF comment letter on a recent proposal by the Treasury Department’s Office of Financial Research to require daily reporting for non-centrally cleared bilateral repos. FIF Rule 605 Working Group. The Rule 605 Working Group continued its discussion of the SEC’s recent rule proposal on Disclosure of Order Execution Information, with a focus on reporting E/Q for the summary execution report, reporting for segmented...

Wells Fargo will soon launch a personal finance application for its mobile platform. LifeSync, expected to go live late next month, will be available to Wealth & Investment Management clients in the bank’s Private Client Group and Wealth Brokerage Services divisions as well as the independent Financial Network channel, according to a story in Financial Advisor. The app will allow real-time monitoring of clients’ progress toward financial goals, starting with those previously articulated with their advisor, according to Wells’ Michael Liersch, head of advice and planning for...

As part of its continuing Whole Office strategy to serve client needs across the entire investment lifecycle, Northern Trust has reached an agreement with SimCorp, a provider of Software as a Service (SaaS) investment management solutions, to enable integration for efficient data exchange for clients using the SimCorp Dimension platform. The two companies will automate custody data file exchange for Northern Trust clients via two different methods: direct integration of files which can be delivered to SimCorp, as well as integration with SimCorp’s recently launched cloud-based Asset Service...

Deutsche Bank and Memento Blockchain have successfully completed a proof of concept – known as Project DAMA (Digital Assets Management Access) – to provide a more efficient, secure and flexible solution for digital fund management and investment servicing. Deutsche said the project aims to address the challenges associated with launching and accessing digital funds. "This proof of concept was also awarded the Monetary Authority of Singapore’s Financial Sector Technology and Innovation (FSTI) Proof of Concept (POC) grant on 5 August 2022," the bank said. The German bank said in its report...

Intercontinental Exchange, Inc. announced it has selected Dow Jones as its main provider of news content on ICE desktops. Under the expanded agreement, customers will have access to premium news, data and insights from Dow Jones Newswires. This includes select content from The Wall Street Journal, Barron’s, MarketWatch and Investor’s Business Daily across ICE desktop platforms, including ICE Connect, Market-Q and eSignal. This content and analysis is enhanced with Dow Jones’s calendar data for economic events and access to Dow Jones NewsPlus, a customizable real-time news dashboard designed...

The London Stock Exchange Group (LSEG) has extended its long-standing Yield Book partnership for analytics with Citi. Yield Book and Citi provide fixed income analytics and models to the industry, aiding institutional investors with managing their investments and risk management needs. Yield Book forms part of LSEG’s data and analytics division. The extended partnership will allow for expansion of deep models, analytics and model infrastructure which the firms noted as being core to driving long term and sustainable growth, alongside equipping clients with analytic tools that are necessary...

Cboe Global Markets, Inc. announced it expects to launch the Cboe One Options Feed, beginning March 1, 2023, subject to regulatory approval. Through a single market data feed, the new data offering will provide a comprehensive, real-time view of U.S. options pricing derived from the largest U.S. options exchange operator. Cboe operates four U.S. options exchanges – the Cboe Options, C2 Options, EDGX Options and BZX Options Exchanges – which together account for approximately 31 percent of all U.S. options trading volume and collectively, can provide a representative view into U.S....

Nomura and Wolfe Research announced an agreement to further strengthen their Strategic Alliance through a long-term extension of the arrangement to at least 2030, offering clients a combination of capabilities across equity research, capital markets, derivative products, and execution. Launched in July 2020, the Strategic Alliance (the “Alliance”) has enabled Nomura, Instinet and Wolfe to leverage their respective strengths and jointly deliver a suite of high-caliber services and offerings to clients in the North American Equities markets, as well as content to clients in Japan. According...

The Back Office Committee will have its next call on Tuesday February 21 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. The spotlight presenters will be Robert Cavallo and John Vinci of DTCC, who will discuss the T+1 testing framework published by DTCC.