J.P. Morgan signed an agreement with Plaid, a technology company that connects bank accounts with fintech apps, that will give its customers better control over their personal data. Plaid will access J.P. Morgan's customer data through a secure application programming interface or API, allowing customers to easily share their financial information safely. Banks, including J.P. Morgan, have pushed back against so-called screen scraping, another way for fintech apps to access customer data that generally is viewed as less secure. The agreement facilitates a feature that allows Chase customers...

Broadridge Financial Solutions, Inc. announced a solution to address key industry, business and operational challenges with global asset servicing. Designed and developed with a global tier-one bank, and now cloud and SaaS-enabled, the end-to-end solution streamlines corporate actions, dividend and coupon processing across multiple asset classes, business lines and regions by automating the full asset servicing lifecycle. Broadridge’s global asset servicing solution has the ability to support and enhance front office activities through comprehensive data management and analytics,...

The Depository Trust & Clearing Corporation (DTCC) announced the release of its latest Data Services product, DTCC Equity Kinetics, providing institutional investors with a depth of market view of activity across all U.S. equity trading venues. DTCC Equity Kinetics facilitates analysis of U.S. equity market activity by providing a daily feed of trade data based on activity cleared through DTCC’s National Securities Clearing Corporation (NSCC) subsidiary. This data includes aggregated trade volumes for the market, the 10 most-active brokers and an anonymous peer group of nine...

Broadridge Financial Solutions, Inc. announced the appointment of Julie Flack as General Manager of its Australia business, responsible for driving growth of Broadridge’s sell-side and buy-side businesses in Australia and New Zealand. Flack will directly manage all Broadridge associates in Australia and she will report to David Becker, Head of Asia Pacific. Her remit will also include product management across Asia Pacific, including defining product strategy and planning, in this role she will report to Nidhi Singh, Vice President, Global Product Management. Flack joins...

Broadridge Financial Solutions, Inc. and UBS announced a strategic partnership where UBS Wealth Management USA will be the anchor client on Broadridge’s new wealth management industry platform. With the Broadridge Wealth Platform, UBS WM USA will deploy an integrated front-to-back office solution that optimizes Financial Advisor productivity. Broadridge’s new platform will include an advisor desktop and customizable tool set. Key advisory features will include performance reporting, managed accounts support, sleeve accounting, multi-market order management and trade...

Itiviti, the global provider of multi-asset trading technology and financial infrastructure, announced the addition of the Hudson River Trading Systematic Internalizer (HRSI) venue to its connectivity offering. The connection, which is now live, provides Itiviti clients with access to liquidity sourcing from Hudson River Trading, one of the largest Electronic Liquidity Provision (ELP) Systematic Internalizers, covering more than 1,000 European stocks. HRSI was previously operating as Sun Trading International SI (STSI) before its migration on October 1st, 2018.

FIF would like to thank Cboe Global Markets for hosting the Annual FIF Chicago Financial Markets Event on current market transparency trends last week. The panel discussion was interesting and engaging, prompting the attendees to pose thoughtful questions which fostered a town hall type discussion on the topic. If your firm is interested in hosting a FIF event in the near future, please don't hesitate to email us at This email address is being protected from spambots. You need JavaScript enabled to view it.  

FIF CAT Options Subgroup - Reviewed the options scenerios proposed proposed/discussed with Industry Members in preparation for the a follow up discussion with the SROs/ThesysCAT. FIF FDID Subgroup -  Reviewed the current SRO FDID construct in preparation for an in-person discussion on November 13.  FIF highlighted the challenges related to maintaining/updating unique FDIDs at the Broker-Dealer/Vendor level.  FIF will be holding a follow up discussion on Wednesday, October 24 to discuss the recommendations. FIF CAT Working Group - Reviewed the initiatives being pursued in...

JPMorgan Chase plans to open a fintech campus in Palo Alto, California, part of the bank's efforts to attract more Silicon Valley talent, according to a story in American Banker. The campus, scheduled to break ground early next year and open in 2020, will have more than 1,000 employees. The new financial-technology offices will make it easier for workers across business lines to host events and collaborate on new products and services, the company said in a statement. JPMorgan has been moving further into fintech over the past few years. Late last year, the company acquired the startup...