Category: Product

ZEDRA, the European administrator, has partnered in the U.S. with Cascata Solutions, the digital waterfall fund administration software provider. ZEDRA will deploy the Cascata platform for carried interest and fee administration for its private equity, private credit, venture capital and real estate clients.

BBH has added Tourmaline Partners’ execution services to its Connectors platform. Tourmaline offers trading solutions for global equities, derivatives, and ETFs. Connectors brings together a cohort of specialist third-party fintech and service providers. Evan Fire, COO of Pzena Investment Management, said: “This is great news for the industry. BBH and Tourmaline are two first-class organisations…

Northern Trust is working with Frost Consulting, an independent consultant, to examine the challenges for MiFID II in scope managers who may face potential difficulties paying U.S.-based bank research providers which have not registered as RIAs, or are unable or unwilling to accept hard dollar payments at their European office(s) for global research services. The…

Citi China has received approval from the Shanghai Futures Exchange (SHFE) and International Energy Exchange (INE) to act as a futures margin depository bank (FMDB) for its QFI clients to trade commodity futures on the SHFE and INE. Citi says it is the first American bank to receive this approval.

Pirum, the UK-based fintech specialising in the securities finance sector, has launched a service for connectivity and interoperability to automate recalls and callback messages. FIS Securities Lending Processing Platform (formerly Loanet) users can now connect to their counterparties using Pirum’s post trade services or the FIS platform, providing full interoperability and network coverage across the…

Apex is expanding its presence in Canada with the opening of a new office in Montreal to provide locally delivered services and French-language support to its clients in the province. Apex currently employs >300 people in Canada. In 2022 Apex acquired Prometa Fund Services, a Canada-based provider of fund services for >CAD28bn (USD21bn) AuA across…

AccessFintech, the data management network in which BNP Paribas and BNY Mellon have a stake, has partnered with J.P. Morgan’s securities services business to enable tax reclaims data set on Synergy, the AccessFintech multi bank network. J.P. Morgan becomes the first custodian to provide this solution to the market, increasing the efficiency of tracking tax…

Altum Group, the UK-based financial services provider, has been granted an Undertaking for Collective Investment (UCI) extension by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. This enables Altum to provide a fully integrated fund administration and transfer agency solution to alternative investment funds. This news follows the recent announcement of its agreed…

State Street has entered into an agreement to make the LoopFX functionality available through FX Connect, part of the GlobalLink suite of e-trading platforms, technology and workflow solutions. LoopFX is creating a new liquidity venue for large spot FX trades by centralising peer-to-peer matching with bank interest. This will enable traders to identify, in real-time,…

Northern Trust has completed the first stage toward an industry-wide voluntary carbon credit ecosystem that would allow institutional buyers to digitally access carbon credits from leading project developers. This follows Northern Trust’s milestone of completing fully automated transactions on the initial MVP digital carbon credit platform it has developed with carbon avoidance and removal project…