In the News

07/19/2010 Money Management Executive | No Time to Fail for Fund Managers
Automation is a surefire way to prevent settlement failures – but even errors themselves need to be automated.... Click the link to read the entire article (subcription required)
06/19/2010 DerivAlert | Q&A: OTC Derivatives Operations and the Pending Regulation
Jeff Zoller, Executive Sponsor of the Derivatives Working Group at ISITC (International Securities Association for Institutional Trade Communication), talks to DerivAlert about how the pending OTC derivatives regulation would affect operations and processing....
06/07/2010 Securities Industry News | Service Automating Claims on Failed Transactions
A London-based firm says it has developed an online service for fund managers, banks and brokerages to electronically transmit claims to each other on interest claims, settlement fines, corporate action notices, dividends and income payments on failed securities transactions...
04/27/2010 Securities Industry News | Going to the Source for Corporate Actions
Each year U.S. corporations inform investors and regulators about thousands of corporate actions, such as mergers, tender offers, exchange offers, dividends and stock splits in official statements and other documents...
04/02/2010 Inside Reference Data | Industry Bodies to Identify Business Requirements for CFI Standard
Industry associations the EDM Council and the International Securities Association for Institutional Trade Communication (ISITC) are both assessing the classification of financial instruments (CFI) standard, looking at requirements and coverage, officials tell IRD...
04/01/2010 Wall Street Letter | Westwater: Firms To Diversify Commission Dollar Spending
Buy-side firms are likely to look to diversity their application of commission dollars through commission-sharing arrangements to add value, according to Jim Leman, head of capital markets at Westwater Corporation..
03/30/2010 Wall Street Letter | Clearing Execs Debate Settlement Mandate Need
In spite of broad industry agreement that there is room for improvement within the settlement process, buy- and sell-side executives say a mandate to force improvements is not necessary and could be largely unhelpful...
03/30/2010 Wall Street Letter | ISTIC Operations Outsourcing Panel Highlights
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03/29/2010 Securities Industry News | Why the Back Office Avoids The Cloud. Hint: It’s Not Technical.
Cloud computing may be taking some industries by storm, but it’s not making much of a dent in core trading systems or brokerage back offices. Nor will it any time, soon...
03/25/2010 ISITC | NYSE's Carter: Ethics Matter as Much as Regulation
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03/22/2010 Securities Industry News | Five Priorities for the Middle and Back Offices, from the Financial Crisis
Regulators want it, investors want it, and financial firms are now beginning to understand they need it...
03/17/2010 ISITC | ISITC Survey Reveals Cautious Optimism Among Member Financial Institutions
ISITC announced the results of a member survey focused on the opportunities for innovation revealed by the financial crisis..
01/15/2010 Payments | Trade Group Endorses Messaging Standard for Mutual Fund Trailer Fees
ISITC has endorsed the use of the a universal messaging format, to reduce errors involved with paper-based or inefficient communications about deferred commission payments known as “trailer fees”...
11/10/2009 Wall Street Letter | ISITC Attempts To Shift Messaging Discussions
ISITC is hoping to shift industry discussions about the use of message templates from the International Organization for Standardization (ISO)...
10/01/2009 Wall Street Letter | ISITC Eyes Wider Adoption SSI Template
ISITC is looking at the next steps in its push for wider adoption of its standing settlement instructions template...
09/10/2009 Wall Street Letter | DTCC Eyes Year-End For Corporate Actions Model
The Depository Trust and Clearing Corp. is working towards a year-end deadline to distribute a data model for corporate actions announcements to the industry for approval...
08/03/2009 Global Investment Technology | ISITC Debuts OTC Derivatives Trade Notification Format
ISITC Debuts OTC Derivatives Trade Notification Format...
07/28/2009 Securities Industry News | Panel Adopts Communication Standards for OTC Derivatives
A committee of (ISITC) has come up with a set of common standards for how investment managers should communicate details of transactions in over-the-counter derivatives to third parties such as custodian banks, accounting agents and prime brokers.
05/01/2009 Wall Street Letter | ISITC Preps Settlement Message Standard
The International Trade Association for Institutional Trade Communication (ISITC) is moving its standing settlement instruction (SSI) standard into production.
03/10/2009 Securities Industry News | Staffing Most Affected By Crisis, Say Trade Group Members
Staffing and information technology budgets have been hit the hardest by the financial crisis, according to a poll of the membership of the International Securities Association for Institutional Trade Communication (ISITC).
03/02/2009 Global Investment Technology | ISITC Plans New Protocols for Settlement Instructions
New protocols being recommended for standard settlement instruction and re-allocation instruction messages aim to better...
02/19/2009 Securities Industry News | ISITC Issues Market Practices for SSIs
The International Securities Association for Institutional Trade Communication (ISITC) has released market practice guidelines for standing settlement instructions (SSIs). Developed by its reference data working group...
02/18/2009 The Asian Banker | ISITC announces two new market practice standards
Securities Lending and Reference Data Working Groups Produce Groundbreaking Recommendations
02/18/2009 Investor Services Journal | ISITC releases latest market practice recommendation papers
The Reference Data Working Group's 'Market Practice Recommendation for the Communication of Standing Settlement Instructions' aims to ...
08/01/2008 Operations Management | ISITC Working Group Gathers TPV Pilot Participants
The ISITC Market Practice Reconciliation Working Group is gathering a set of participants for its planned pilot of a set of total portfolio valuation messages...
04/14/2008 Global Investment Technology | ISITC Says It Will Focus on 3 Working Groups in 2008
The International Securities Association for Institutional Trade Communication (ISITC) will place greatest emphasis in 2008 on securities and investment industry operations improvement efforts by two of its working groups, the Investment Funds Working Group and the ISO 20022 Working Group... To read more, follow the link!
03/31/2008 Global Investment Technology | ISITC to Bring Transparency to Client Commission
At the 14th annual industry forum and vendor show of the International Securities Association for Institutional Trade Communication (ISITC), the industry group’s Commission Management Working Group will begin an effort to get association participants to adopt new messaging codes and standards that will ease the processing of client commission arrangements (CCAs). To read more, follow the link!