BNY Mellon and BlackRock sign alliance to create front-to-back office data service
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.
Buy-Side
Fraction of buy-side firms ready for uncleared margin rules
SimCorp research finds only 7% of buy-side firms are ready to comply with the incoming rules in September.
DTCC wins approval to expand fixed income clearing for new sponsors
The expansion will also change how the service is used, with sponsors now able to let their clients trade with counterparties other than themselves.
BlackRock eyes Aladdin expansion with $1.3 billion eFront acquisition
BlackRock’s flagship Aladdin platform will be combined with eFront to expand its alternative investment capabilities.
Standard Life Aberdeen dumps dual leadership as Gilbert steps down
Aberdeen Asset Management’s Martin Gilbert will take on a new role at Standard Life Aberdeen, as Keith Skeoch leads the company as sole CEO.
Conditional orders and periodic auctions come out on top post-MiFID II
When it comes to seeking liquidity under MiFID II, a survey of senior traders has found that periodic auctions and conditional order types are the most useful.
Hermes continues push into Europe with Copenhagen and Frankfurt expansion
Asset manager established Irish-based management firm in January as part of Brexit contingency plans.
Buy-side pressuring custodians to modernise collateral messaging
Asset managers concerned that the messaging tools custodians use for the collateral management process are behind the times.
Asset owners emerge as hidden competitor for buy-side
Northern Trust’s director of strategy for asset servicing warned at InvestOps USA that asset owners are a less obvious competitor for the buy-side, as insourcing assets could become more popular.
BlackRock urges EU policymakers to protect midpoint trading
EU policymakers are looking to extend the tick size regime to SIs, periodic auctions and block trading venues, but the buy-side is concerned about the potential impact this could have on trading at the midpoint.