As automation continues to permeate buy-side technology and trading operations, the use of automated bots within trading technology workflows is also beginning to show signs of value for asset managers. According to a story in The Trade news, JP Morgan Asset Management (JPMAM) developed and rolled out its own bot, referred to internally as BETSI (Bot for Equity Trading Symphony Integration), earlier this year to automate and optimize certain trading desk workflow processes such as notifications, indications of interest for block liquidity and enhancing request for quotes (RFQ). The three...

Broadridge Financial Solutions, Inc. has entered into an agreement with Preqin, a provider of global private market data, to offer clients private assets and flows data for alternative products. The Preqin data comprises intelligence on approximately $10.42 trillion of assets in private equity, venture capital, hedge funds, real estate, infrastructure, private debt and natural resources. Broadridge is integrating Preqin’s private market data into its distribution data and analytics platform, which provides global mutual fund and ETF distribution data to asset managers to help track...

FIF will hold EU Buy-in Working Group kick-off meeting on Tuesday, June 25th at 2pm est. The purpose of this working group is to determine the scope and implications of the CSDR Buy-In rule on U.S.-based entities.  If you would like to join this discussion, please update your profile here: https://fif.com/user-profile/profile

FIF will send representatives to Washington D.C. on Thursday, June 20th, to meet with SEC Trading and Markets on SEC Rule 606. 

FIF will be holding a Quarterly Event on Thursday, June 27th at OTC Markets (300 Vesey Street, New York, NY).  The event will focus upon the implementation of Amended SEC Rule 606.  To register for the event, please click here. Space is limited, register today!

FIF CAT Working Group - FIF reviewed the proposed CAT LTID Phase 3 solution, discussed the proposed changes to the CAT Tech Spec, provided updates on outstanding requests made to FINRA CAT, and discussed the SEC's request for comment on EBS. FIF CAT Tech Spec Working Group - FIF followed up on the review of the SRO proposed changes to the tech spec, including handling instructions and cancel flag/ cancel timestamp on order fulfillment events. We then continued our review of the scenerios document, beginning with section 2.6.5.  FIF SEC Rule 606 Working Group - FIF...

Wells Fargo has confirmed the launch of its new prime trade services group to provide buy-side clients with access to outsourced and agency trading. In a story in The Trade news, Wells Fargo said that the prime trade service group will offer investment firms, ranging from start-up to institutional, experienced traders with the ability to act as an extension of their trading desks. The prime trade services group’s outsourced trading function will include high- and low-touch trading services that can execute entire trading operators, or supplement a client’s in-house trading...

AccessFintech announced that it has extended its partnership with J.P. Morgan, they plan to go live with a trade processing solution to provide real-time transparency and workflow to the firm’s buy-side clients. According to a story in MarketsMedia, J.P. Morgan’s Securities Services business is the first custodian to collaborate with AccessFintech on the solution which provides real-time transparency into trade lifecycle statuses, standardized commentary and shared bi-directional workflow for buy-side clients. These real time transaction statuses will significantly reduce the...

Refinitiv has made moves to bolster its Eikon and Elektron platforms with the addition of data on Chinese trade and investment opportunities, according to a story in The Trade news. The firm said in a statement that it has added comprehensive data from the China Foreign Exchange Trade System (CFETS), the main FX and fixed income trading venue in China, for traders to gain understanding of pricing and liquidity. Refinitiv has also added more than 300,000 economic data series on China, from both in-country and international sources, to its economic research database, known as Datastream,...