Big data is becoming a greater value proposition for custodians than the traditional model of asset keeping and settlement.
The DA platform processed more than four times the amount of trades per second than the latest DLT prototype developed by DTCC.
SGSS will use Addventa's artificial intelligence technology to automate the portfolio commentary process for asset managers.
The new business known as Fidelity Digital Assets will offer custody and trade execution of cryptocurrencies to institutional investors from 2019.
The portal will combine data drawn directly from around 150 agent banks and the multiple loan market services provided by IHS Markit.
The custodian will also look to deliver new capabilities across data aggregation, data enhancement and data analytics to support trading and execution.
SS&C Technologies completes purchase of Eze Software shortly after State Street completes its acquisition of Charles River.
Industry veteran Sabet Elias has been chief technology for sales and trading at Bank of America for the past seven years.
John Plansky, head of State Street Global Exchange, is named CEO of Charles River as Peter Lambertus takes on strategic consultant role.
The final phase of the framework for posting initial margin is due to come into force in 2020.