After the fanfare over Apple's release of the iPhone 6 and the Apple Pay function starting next month, it could be Apple's embrace of "tokenization" that has the most potential to fundamentally change payments. With uses abound, tokenizaiton has as much potential for businesses as it does for consumers and retailers, an executive with enterprise software giant SAP says.
Due to a technical glitch, Morgan Stanley brokerage clients who had elected to receive electronic delivery of fund prospectuses failed to receive them during a period that stretched from last fall through the summer, Bloomberg is reporting. The firm has plans compensate employees that may have been affected by the error.
In the search for alpha, asset managers are finding that the automated and quantitative trading strategies they increasingly rely on are portable--into new asset classes and new geographies.
Featured story:Credit Suisse to launch financial technology marketplaceBy Renee Caruthers
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A wide cross-section of foreign exchange industry players has joined forces to form a currency markets trade group as the FX industry rehabs its image following rate fixing scandals. The group, called the Foreign Exchange Professionals Association, says it will use education, research and advocacy to advance "a sound, liquid, transparent and competitive global currency market."
BNY Mellon is exiting the derivatives sales and trading business that has been part of its Global Markets group, the company said on Monday. The Wall Street Journal cited regulatory developments surrounding derivatives as a factor in the firm's decision.
The much-anticipated chat service that Goldman Sachs has been rumored to be working on with startup messaging company Perzo was formally announced Wednesday under the brand name Symphony.
The Financial Industry Regulatory Authority (Finra) has published its proposal for implementing its controversial Comprehensive Automated Risk Data System (CARDS). The proposal outlines a phased-in approach to building the system and details the types of data that will be collected from the industry.
Liffe London's soft commodity futures and options contracts are now listed on ICE Futures Europe, completing the first phase of Liffe's transition to the ICE trading platform. The ICE trading platform is also home to ICE Futures US soft commodity futures and options, marking the first time that global soft commodities are available side by side on the same platform.
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Smaller companies are too often ignoring the standard tags put forth by the FASB and approved by the SEC, the new chief economist of the agency, said Tuesday.
Higher PBGC premiums, coming change in mortality table add to companies' interest in offloading pension obligations.