Technology

Baillie Gifford has chosen software specialist corfinancial to help automate its post-trade processing and settlement.

PPM will use the platform for its entire collateral management margin workflow, collateral optimisation and trade reconciliation processes.

Torstone grew by over 50% year-on-year, which fuelled the hiring of over 50% more staff in Europe.

IHS Markit expects revenues could reach $462 billion from using blockchain technology across global financial services.

The move makes Deutsche Bank the first of the major global banks to adopt cloud technology for collateral and margin management.

A number of custodians and asset servicing providers have trialled using blockchain platforms to process fund transactions.

The new system will integrate its trading, post-trade and data services, as well as its flagship Next Generation Trading (NGT), on a single platform.

Broadridge Financial Solutions has acquired certain private fund regulatory reporting services from PivotDada and Sol Hedge. 

Some experts believe regulation of crypto-custody is likely to be fairly imminent, with some digital assets set to be designated as securities in due course.

Cobalt and IHS Markit have teamed up to produce post-trade services for FX using blockchain technology.