First Canadian dollar fixed income issuance by a major bank in Canada testing blockchain technology.
The alliance will also enable buy-side clients of Charles River to manage their entire trade life cycle using automated straight through processing (STP).
Settlement has arisen as one of the prime benefactors of blockchain technology with cost savings widely discussed as a benefit.
The investment will allow Libra to release new products and services which will support its fund administrator, trading operations and crypto exchange platform clients.
SS&C continues spending spree, this time acquiring front-office solutions provider Eze Software.
Nine financial institutions will participate in a proof of concept for platform powered using blockchain technology to share and use various services.
Global Custodian speaks with Peter Sanchez, Northern Trust’s head of North America alternative fund services, seven years after the acquisition of Omnium which set him on a new career path.
The migration to the platform will replace the legacy platform Northern Trust’s transfer agency business had previously operated on.
Custodians stand to benefit from using the technology for new revenue-generating products around data services.
Outsourcing partnerships were ranked as a relatively low priority as it is already a core part of many buy-side strategies.