BNY Mellon has launched Universal FX, a new platform that helps clients manage and centralise their portfolio execution, regardless of the location of their custodian, prime broker or trade settlement bank. Targeted clients include investment managers, corporates, hedge funds and wealth managers. Universal FX builds on BNY Mellon’s OneFX suite of solutions and banking capabilities…
Category: Product
PIMCO goes live with HUB
PIMCO is now live on the HUB platform. HUB is a fintech specialising in the investment management sector. Founded in 2021, HUB is backed by PIMCO, Man Group, S&P Global, Microsoft and State Street. PIMCO will initially use two products: HUB Trade, which manages trades through the stages of their lifecycle and enables connectivity with…
Citco upgrades CitcoConnect
Citco has released an upgrade to its online service, CitcoConnect, introducing features designed to streamline the capital raising and subscription process and enhance UX. Prospective investors can now start their AML/KYC pre-review online, in advance of completing their initial subscription form through CitcoConnect’s online technology. In addition, the platform’s new data pre-population function enhances online…
State Street launches T+1 FX solution
In preparation for the US equity market’s transition to a T+1 settlement cycle in 2024, State Street has launched an automated workflow solution and integration with DTCC within State Street’s FX trading service, StreetFX. By connecting to DTCC Institutional Trade Processing (ITP) and its central trade matching platform, CTM, StreetFX can now receive settlement instructions…
Komainu and Copper collaborate
Komainu, the C.I.-based digital assets custodian, and Copper, the UK-based provider of institutional digital asset solutions, have formed a partnership that will offer Komainu’s institutional clients the ability to trade via Copper’s ClearLoop. Through this alliance, Komainu’s clients will benefit from both regulated, on-chain custody provided by Komainu, and access to off-exchange settlement and rapid…
Citi settles first trades through Synapse
Citi has settled trades for China Asset Management (Hong Kong) on the Hong Kong Exchanges and Clearing Limited (HKEX) Synapse platform, which recently went live. These were among the first trades executed and settled on Synapse, HKEX’s integrated settlement acceleration platform designed to complement the existing Northbound Stock Connect post-trade infrastructure. Citi claims to be…
J.P. Morgan launches Data Mesh
J.P. Morgan has launched its Securities Services Data Mesh for institutional investors, available through Fusion by J.P. Morgan. The solution enables investors to retrieve critical investment data held by J.P. Morgan using cloud-native channels including REST APIs, Jupyter notebooks and the Snowflake Financial Services Data Cloud.
Euroclear/Goji launch PA service
Euroclear and Goji, a Euroclear-owned fintech, have combined to launch a new service for private market funds. The service, which is integrated into Euroclear’s funds platform, FundSettle, complements its existing money market, mutual and alternative fund offerings. The new solution enables clients to access a broader range of fund asset classes through a single point…
ZEDRA partners with Cascata
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 adds to Connectors platform
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…