Building on the success of their joint solution, Pirum and S&P Global Market Intelligence Cappitech will now utilise Cappitech's data validation, event creation, and regulatory connectivity alongside Pirum's RegConnect.
Tie-up aims to increase transparency and efficiency in the institutional trading market ahead of T+1 go-live later this month.
This marks the first roll-out of BNY Mellon’ cloud native data platform in the UAE.
The initial recommendations cover the commitment to a T+1 settlement cycle, defining the transition timeline, establishing operational changes, and coordinating with European counterparts, among other key aspects to ensure a smooth transition.
Report reveals a pivot away from a focus on cost control to more of an emphasis on enhancing quality and accuracy.
The two firms aim to provide clarity on the ‘predicted to settle’ status of securities trades, helping enable the necessary liquidity for international clients trading US securities.
Executive previously had roles across BNY Mellon, Citi, IHS Markit and Goldman Sachs.
Former BBH and Clearstream executive departs for new role at Cecabank.
ABRDN joins the likes of Deutsche Bank, Citi, Northern Trust, Standard Chartered, and several buy-side institutions in utilising the fintech's platform for streamlining the onboarding and maintenance processes of custody, broker trading, and buy-side accounts.
This marks the first domestic tri-party repo capability within Canada, with participation from BMO, CIBC, RBC, Scotiabank, and TD.