In December of 2021, SIFMA, ICI and DTCC called for the shortening of the settlement cycle in the U.S. financial markets from T+2 (transaction date plus two days) to T+1 (transaction date plus one day) within the first half of 2024. Their report indicates that accelerating the settlement process will “reduce risks and costs for the industry while building upon the benefits achieved in the successful move to T+2 in 2017.” This is in line with the Securities and Exchange Commission’s announcement on Feb 9, 2022 of a proposed rule to shorten the standard settlement cycle for most broker-dealer transactions from two business days after the trade date (“T+2″) to one business day after the trade date (“T+1″), while soliciting comments regarding challenges and possible approaches to achieving settlement by the end of trade date (“T+0″).
Our latest thinking, insights and updates
Join our upcoming Build-a-Bot session on September 21st at 10:30am ET. Vinay Mistry and Kaosar Ahmed, Developer Relations Technical Leads at Symphony, will demonstrate how developers can embed Symphony chat within other applications. The Symphony Embedded Collaboration Platform provides developers with an ECP SDK to create chat experiences within their own applications and provide real-time notifications to conversations.
In our journey building an event mesh, we face the challenge of reconciling with Symphony’s engineering history. Specifically, we are transitioning from a single-tenant, monolithic architecture to a multi-tenant, microservice architecture. And critically, due to the nature of our business, this shift must be both progressive and smooth.
Our NLP tools filter out the noise to uncover red flags that are otherwise missed. New strategies and risks are buried in your documents, reports, and earnings transcripts. Extract them today. In this ESG analysis, we discuss the early warning signs for Activision Blizzard’s gender and wage discrimination lawsuit. Our ESG Safeguard platform picked up on fair pay issues when we analyzed Ubisoft in the summer of 2020. In addition, we uncovered a high level of greenwashing over the past year in the company’s external image of inclusivity vs. the realities of severe misconduct in diversity and inclusion.
At Symphony, streamlining complex financial workflows is a core part of our mission, and automation is one of our most powerful tools for achieving this objective. For years, our developers as well as users throughout our community have built bots on the Symphony platform that automate individual processes or segments of workflows. These have ranged from integrations with tools like Salesforce and ServiceNow to streamlining customized client onboarding processes.
By using Spring Bot’s abstractions, you can build bots that will work concurrently on different chat platforms. Using annotations you can build multi-platform chatbots, binding messages to methods in a similar way to Spring Web MVC.
The Buyside has undergone a massive evolution in the past few years. Indeed, a radical transformation has re-shaped all asset management firms – and the professionals who operate within them. As a result, the needs of the Buyside are quite different now than they were just 24 months ago.
Join us for the latest in Symphony’s Partner Webinar Series. This session highlights the firm’s partnership with Pre-Rec, who makes it easy to find comparable bonds in illiquid bond markets in one click via a bot in our platform. During this webinar we will hear from Isaac Cecil, CEO of Pre-Rec and Krishna Nadella, Symphony’s Global Head of Solutions, as they discuss how Pre-Rec delivers their insights in real-time via Symphony chat.
On June 1, 2021, I joined Symphony as Chief Product Officer – the same day Brad Levy became our CEO. That same month, we announced the acquisition of Cloud9: a cloud-native, API-first approach to trader voice. It was a pivotal month in an exciting and eventful year for Symphony, and myself. One year later, we have made remarkable strides to convert Symphony’s potential energy into transformational value for our customers – and Cloud9, its people and its product, have played an integral role in our progress.