Tagged: broker dealers

Instant Payments Solution: RTP Network Expands Request for Payment (RfP) Availability

Using the Request for Payment (RfP) capability on the RTP network, the instant payments system operated by The Clearing House, broker dealers, billers and suppliers “can now request a payment from their customers through secure bank channels, and receive an instant payment in response from… Read More

Alternative Investment Platform CAIS Reports Increase in Demand for White Label Funds Among Broker-Dealers

CAIS, the alternative investment platform for independent financial advisors, continues to see an increase in demand for customized white label funds among independent broker-dealers (IBDs) and registered investment advisors (RIAs) “seeking alternative asset allocations on behalf of their clients.” CAIS’ white label fund solutions–Custom Funds–”allows… Read More

Nasdaq Enhances Risk Platform to Assist Banking Firms, Broker-Dealers with Real-Time Risk Management

Nasdaq (Nasdaq: NDAQ) announced it has made a series of enhancements to its risk technology platform, which is widely “used by the banking and broker-dealer community to manage liquidity and market risk.” The upgrades will “help firms better navigate extreme market conditions, providing a live… Read More

SEC Requests Digital Engagement Feedback

The Securities and Exchange Commission (SEC) is requesting information and public comment on the use of digital engagement practices by broker-dealers and investment advisers. These tools include behavioral prompts, differential marketing, gamification, and other design elements or features designed to engage with retail investors on… Read More

Cass Sanford from OTC Markets Comments on SEC Amendments that May Eliminate Public Quoting in Securities that Don’t Make Current Info Publicly Available

Cass Sanford, an Associate General Counsel who supports regulatory and policy-making initiatives at OTC Markets Group, notes that the US Securities and Exchange Commission’s (SEC) amendments to Rule 15c2-11 may eliminate public quoting in securities of issuers that don’t make current information “publicly available.” Sanford,… Read More

DTCC Survey: Certain Post-Trade Processing Costs for Cash Securities at Broker-Dealers May be Reduced by 25% via Automation

New York-based Depository Trust & Clearing Corporation (DTCC), a post-trade financial services firm offering clearing and settlement services to the capital markets, recently published the findings of a survey of nine major broker-dealer companies. The survey’s results revealed that various post-trade processing costs for cash… Read More

SEC and FINRA Schedule Broker Dealer “Outreach Program.” Will Discuss Digital Assets

The Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) have scheduled their 2019 National Compliance Outreach Program for Broker-Dealers. The event, taking place in Chicago, is designed to provide an open forum for regulators and industry professionals to discuss topics such as… Read More

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