Custodians are moving to becoming one-stop-shop platforms, enabling investment managers to access a wider range of data and analytics tools.
BNY Mellon plans to deliver real-time trade data, asset prices and cash positions to the 40-50 clients it shares with BlackRock’s Aladdin.
The roll out of uncleared initial margin rules has now reached the buy-side with phase 4 firms coming into scope in September 2019.
The platform, called Matrix, will aim to centralise and process all of the data captured by underlying custody, fund administration and transfer agency platforms.
With increased requirements on fund transparency, it could provide further opportunities for custodians to offer analytics services to asset managers.
One of State Street's senior client services executives will take part at the next board meeting of LACERA to give an update on its data security processes.
The Cost Transparency Initiative follows recent requests from institutional investors to asset managers for templates on costs and fees.
The asset manager will use CACEIS’s OLIS Performance tool to facilitate the management and provide data on their financial portfolios.
Supervisory technology (SupTech) is being explored by some regulatory bodies to overcome challenges of divergent reporting models between countries.
The move towards smart contracts and DLT presents a new opportunity for custodian banks to grant client access to their own data.