Distribution 360, the latest European study from Broadridge Financial Solutions, Inc., reveals growing opportunities for asset managers selling in Europe. Despite increased complexity and disruptions in the region’s fund markets, Europe’s pool of accessible assets has reached €3.4 trillion. Broadridge Distribution 360 offers asset managers an independent guide to the European fund landscape, navigating firms to accessible opportunities as well as revealing the relative importance of different distribution channels from country to country – critical knowledge for...

Goldman Sachs Group Inc named David Solomon as its next chief executive officer, replacing Lloyd Blankfein, who will step down on Sept. 30. Blankfein will step down as chairman at the end of the year and will accept the title of senior chairman after his retirement.

The Securities Information Processors’ (SIPs’) Operating Committees announced the addition of three new members to the Advisory Committee. They are: Chris Nielsen, Managing Director, Charles Schwab & Co., Inc., W. Todd Watkins, Director, E*TRADE Financial Corporation and Matt Billings, Managing Director, TD Ameritrade. The SIP Advisory Committee meets quarterly with the CTA and UTP Operating Committees and the Securities and Exchange Commission (“SEC”) to review SIP performance and discuss policy matters. The 11-member Advisory Committee represents the diverse...

The Depository Trust & Clearing Corporation announced that it intends to open a new office in Dublin, Ireland. In order to continue providing an authorized regulatory reporting service for clients in the EU and the UK, as the UK advances towards a departure from the European Union in March 2019. DTCC offers a Global Trade Repository (GTR) service for over-the-counter and exchange traded derivatives reporting – the largest trade repository in the world.

Intercontinental Exchange (ICE) announced that it has completed its acquisition of the Chicago Stock Exchange. CHX will continue to operate as a registered national securities exchange and will benefit from the planned deployment of the NYSE Pillar trading technology in ICE’s Chicago data center. NYSE Pillar will also provide additional functionality for the institutional equity brokerage community in Chicago. 

Riskless Principal Subgroup - Held a deep dive discussion with the SROs on Friday, July 13th.  Manual Events Subgroup - Reviewed the deck and scenerios to be used in a deep dive discussion with the SROs later this week.  FIF CAT Spec Review Subgroup - FIF has engaged in bi-weekly reviews of the CAT Industry Member Technical Specification.  The subgroup has completed a review of all relevant equities events and has submitted our first two interations of recommendations and questions to the Plan Processor for review. The final meeting of this group occured this...

In a major step forward for the consumption of financial data in the cloud, Thomson Reuters is making its comprehensive real-time data accessible in the cloud to make it easier for firms to power their cloud-based business applications with real time pricing information. This means clients will have increased flexibility in how they use the data, from portfolio management to analytics or post trade uses, whether they need the data on-premise, in the cloud or on mobile. The new delivery option can simplify access to real-time price information across the financial community and...

Nasdaq Inc. has developed early-stage artificial intelligence systems that can write certain financial reports and help detect fraudulent activity, and is considering other ways AI could collaborate with human analysts to enhance services for corporate clients. The AI projects were developed over the past year by Nasdaq’s in-house team of machine learning experts, says Brad Peterson, Nasdaq’s chief information and chief technology officer in a story in The Wall Street Journal. The financial services firm sees AI as a transformative technology and is looking for several ways to...

Thomson Reuters announced the expansion of its strategic partnership with SAP to simplify converting cross-border transaction prices into a single currency, no matter where or when the transaction happens. The new SAP Cloud Platform-based solution, called SAP Market Rates Management, offers out–of-the-box connectivity to comprehensive pricing and reference data from the Thomson Reuters Financial and Risk business and is available to SAP customers worldwide. The partnership makes it easier for chief financial officers, treasurers and corporate finance teams to access pricing...