Intercontinental Exchange, Inc. and BNY Mellon | Pershing announced that the web-based version of the ICE Connect wealth management platform has been integrated into BNY Mellon | Pershing’s clearing and custody platform NetX360+®. Davenport & Company, one of the oldest, employee-owned financial services firms in the U.S., is the first client to migrate over 250 advisors to the new integrated solution. ICE’s wealth offering provides comprehensive tools to analyze portfolio and market data, provide trade support for private labels, and secure access to accounts, as well as third-party and...

Edward Jones is providing advisors with a new, more personalized, investing model for clients, according to documents filed with the Securities and Exchange Commission. A story in Financial Advisor news states that personalized research models will consider factors unique to each client’s situation to create a recommended portfolio. Edward Jones’ research models allow investors to choose an objective for their portfolios and delegate daily investment decisions to Edward Jones's home office research analysts, according to the firm’s website. The models include mutual funds and...

BNY Mellon and Baton Systems, a post-trade processing provider that uses distributed ledger technology (DLT), have announced a collaboration to integrate Baton’s Core-Collateral solution into BNY Mellon’s collateral management platform. This will enable mutual clients to optimize portfolio allocations and accelerate the mobilization of cash and securities collateral across both uncleared and cleared margin obligations globally. Baton’s Core-Collateral solution enables Clearing Members to automate and optimize their collateral management processes by providing intraday visibility of current...

According to a story in Markets Media news, four banks who are the founding investors of Versana announced the launch of its industry-backed syndicated loan platform, bringing to market a new centralized solution that digitally captures agent banks’ deal data on a real-time basis, providing the modern foundation for future market innovation and collaboration. Versana connects banks, institutional lenders and their service providers to deliver transparency, efficiency and velocity to this $5 trillion market. Versana’s syndicated loan platform is revolutionary for the private sector of the...

BNP Paribas announced the creation of Private Assets, a new business unit within its Investment and Protection Services (‘IPS’) division (including asset management, wealth management, insurance and real estate), aimed at becoming a leading European player in private asset management. This is according to a story in Markets Media news. Integrated within BNP Paribas Asset Management and operational as of January 2023, Private Assets will combine private asset management expertise across IPS and will operate in close collaboration with BNP Paribas Corporate & Institutional Banking (‘CIB’)...

BXS, a regulatory reporting provider has partnered with IPC Systems, a provider of secure, compliant communications and multi-cloud connectivity solutions for the global financial markets. The partnership provides connectivity to BXS’ recently launched BXS Trade Surveillance Solution accessed via Connexus Cloud, IPC’s multi-cloud platform for the global financial markets. BXS’s surveillance solution can be accessed via the secure, high-performance Connexus Cloud platform, which aims to provide a streamlined experience for compliance managers to rapidly view the most important alerts that...

Amid an increased demand for wealth lending generally and securities-based lending (SBL) specifically, global Fintech leader, Broadridge Financial Solutions, Inc. announced a partnership with IntraFi to offer a streamlined securities-based lending service for banks, brokerage firms, and wealth management firms. Through this partnership, IntraFi will offer Broadridge's lending technology — already used today by some of the largest banks in the world — to its members to help support and grow their securities-based lending businesses. IntraFi members will also be able to offer loans to...

Deutsche Bank’s asset management arm DWS Group has revealed its strategy to maintain the firm’s position in Germany, while also addressing upside potential globally according to a story in The Trade news. Europe-specific initiatives include additional partnerships, deploying Xtrackers (Passive), its exchange traded funds (ETFs) and exchange traded commodities (ETCs) provider, and leveraging its alternatives capabilities to participate in transformation in the Bloc. The firm plans to grow Xtrackers and its alternatives business in the Americas and confirmed it will focus on strategic...

Intercontinental Exchange, Inc announced that ICE Benchmark Administration Limited (IBA) has launched the ICE Carbon Reference Entity Data Service to facilitate the management of carbon credits through the trade lifecycle. Verified carbon credits are issued in respect of registered projects and are typically recorded and held in registries which identify the number of carbon credits that are issued, retired, canceled or converted. ICE CRED normalises, standardises, aggregates and supplements carbon credit reference data from global registries and assigns a unique ICE Carbon Credit Reference...