This year, ISITC celebrated our annual Securities Operations Summit, taking place in Boston from March 19-21, 2023. Over the course of the three days, ISITC members and attendees dug into this year’s theme, The Great Balancing Act, through a variety of…
Asset Servicing Times attended the 29th Annual Securities Operations Summit in March, and reporter Lucy Carter covered our panel on technology innovation and what changes firms are making in post-pandemic-driven operations.
Read about it here.
Asset Servicing Times covered the March Summit and our panel on how blockchain technology is changing traditional securities markets’ practices that have been built up over decades.
Read about it here.
In our latest Member Spotlight, meet Wendy Mailot: Senior Director, Global Technology Development at MFS Investment Management.
When did you begin working with ISITC and what position do you hold? I originally started with ISITC back in 2003. At the…
Asset Servicing Times attended our Annual Securities Operations Summit and covered our discussions on getting ready for T+1, how firms are preparing for the switch, and what advice they have to other firms that don’t know where to start.
Read about it…
In our latest Member Spotlight, meet Anne Suprenant: Head of Registration Authority and Industry Liaison, Swift Standards.
When did you begin working with ISITC and what position do you hold?I joined ISITC more than 25 years ago. In these many years…
In our latest Member Spotlight, meet Dianne O’Boyle: Business Development and Sales Executive at Symbiont, a leading technology company focused on solving complex global finance problems and developing common market infrastructure.
When did you begin…
In our latest Member Spotlight, meet Brian Manning: Vice President, Asset Servicing Product at State Street.
When did you begin working with ISITC and what position do you hold?I joined ISITC over a decade ago, right around 2009. In my role at ISITC,…
When did you begin working with ISITC and what position do you hold? I have been a member of ISITC for 22 years. I have been a co-chair for the reconciliation working group and the custodian forum during my tenure at ISITC and I’m excited about recently…
When did you begin working with ISITC and what position do you hold?I joined ISITC in 2017 after a referral from two colleagues at CUSIP. As ISITC members, they had shared the value of their membership, so when a co-chair position for the regulatory forum…
FTF News caught up with Lisa Iagatta, the chair of industry standards group ISITC, to talk about T+1 and related matters.
FTF News recently spoke with Lisa Iagatta, the ISITC chair for the past three years, as ISITC’s Virtual Fall Forum 2021, held…
While no one would mistake the T+1 shorter settlement drama for a joyous Broadway musical, there are not likely to be any showstoppers as the securities industry transitions to a one-day settlement cycle after execution for U.S. equities.
So says a panel…
When did you begin working with ISITC and what position do you hold?I started working with ISITC in 2000 as part of the marketing committee, which aims to promote the ISITC mission and help organize the quarterly conferences. I discovered ISITC through…
In addition to their commitment to ISITC, our members are dedicated leaders in financial services. We are excited to highlight their involvement around the industry, and thankful for their hard work and the positive impact they are making.
This year,…
How long have you been involved with ISITC and what positions have you held/do you sit on any committees?I have been an ISITC member now for about four years. I joined ISITC in early 2017 and began as one of the Investment Managers forum co-chairs in…
In the latest FTF Exchange Podcast, ISITC Chair Lisa Iagatta talks about the challenges that ISITC has faced in order to adjust to the trying conditions of the global pandemic, from lockdowns to remote operations. In speaking with FTF’s Eugene Grygo,…
This piece was originally published by Eugene Grygo on FTF News
Industry standards trade group ISITC has selected Steven J. Kelly, CFA, to be the 2021 recipient of the ISITC Standard of Excellence Award for his accomplishments in developing standards…
In her latest Q&A, ISITC Chair Lisa Iagatta recaps our key business themes, top highlights from 2020, and the future trends we’re watching as we dive deeper into 2021.
1. What surprised you in 2020?If I had to summarize 2020 in three words, I would say…
When did you begin working with ISITC and what position do you hold?In August of this year I began working with ISITC as their first executive director. I have worked with various nonprofit organizations for almost all of my professional career, the…
This year, ISITC hosted our first-ever virtual ISITC Week event from September 14-17. The event took place in lieu of our Fall Forum, typically held annually in Baltimore. Despite interruptions from the pandemic, we adapted to continue delivering rich…
In ISITC’s third and final webinar of the summer series, “ETD: A Mark to Market During COVID-19 With a Look Forward” our expert panelists discussed the impact of coronavirus on exchange traded derivatives (ETD) and how firms can respond to the most pertinent…
How long have you been involved with ISITC and what positions have you held/do you sit on any committees?I have been involved in ISITC since 1997 or 1998. I first heard of ISITC when I was working at the NSCC and Merrin Financial. When I moved to The…
In ISITC’s second webinar of its summer series, “CSDR: The Next Regulatory Challenge for the Post Trade Securities Industry,” Paul Janssens, Program Director, SWIFT, moderated a panel of professionals in the financial services industry discussing the…
Why does CUSIP partner with and support ISITC?
ISITC's stated focus in developing and promoting reference data standards through collaboration with a diverse set of industry stakeholders and other trade associations to reduce risk aligns with our mission…
How does Refinitiv support industry efforts including ISITC and why is this critical? Refinitiv believes strongly in ISITC’s mission of collaboration across the global community, promoting standards and best practices in operational excellence. …
In ISITC’s first webinar in its summer series, “Industry Sector Classifications - What is the Standard in Today’s Market?” Tom Baldinger, senior data specialist, classification data team, Bloomberg LP Global Data, moderated a panel of professionals in…
Why does your firm support and partner with ISITC?For us it is critical to work closely with the main standards organizations and market practice setters such as ISITC. ISITC brings a unique perspective since member firms cover most aspects of the financial…
Who is Tegra118 and what do you do?Tegra118 (formerly Fiserv Investment Services) is a leader in wealth and asset management technology, with a vast network of asset managers, broker-dealers, custodians and trading interfaces. We partner with clients…
By Eugene GrygoJune 9, 2020FTF News
The Derivatives Working Group of ISITC, a securities industry standards group, is helping to spotlight a problem that has gotten lost in the shuffle of a pandemic and sudden recession. Essentially, how do users of…
How long have you been involved with ISITC and what positions have you held/do you sit on any committees?Over 10 years ago, one of my co-workers at Brown Brothers Harriman & Co. (BBH) invited me to tag along to some ISITC Corporate Actions working group…
The financial services industry is working hard to ensure the markets continue to function normally despite the volatility and economic impact of the ongoing coronavirus (COVID-19) pandemic. How do you expect regulators to respond?
While it’s not possible…
Why does Bloomberg volunteer and support ISITC?
Bloomberg has been a long-time supporter of ISITC. Unlike most other industry organizations, ISITC is completely volunteer driven, and is therefore particularly focused on the needs of all its members,…
How long have you been involved with ISITC and what positions have you held/do you sit on any committees?I have been involved with ISITC for 8 years. Jan Snitzer, the Chairperson at the time, encouraged me to attend my first conference in 2012. Since…
A few weeks ago, we wrapped up our Winter Forum, our last event of the year. Given the snowfall in the Northeast, I will be the first to say that the sunny beaches of Palm Beach were a sight for sore eyes!
This was one of our most well-attended Winter…
In her latest Q&A, ISITC Chair Lisa Iagatta recaps our key business themes, top highlights from 2019, and the future trends we’re watching as we dive deeper into 2020.
What were the key themes for your business in 2019?The key themes of our business…
By Kristin Hochstein, ISITC Vice Chair
With digital transformation affecting nearly every industry at lightning speed, the question remains whether regulation will be able to keep pace. It might take decades for regulatory policies to develop fully,…
How long have you been involved with ISITC and what positions have you held/do you sit on any committees?I have been a participant in the Corporate Actions Working Group since 2012, and started attending conferences in 2014. Once I started coming…
By Lisa Iagatta
At ISITC, we believe industry-wide collaboration is the key to progress. That’s why we were thrilled to have several of our members attend SWIFT’s Sibos event in London to engage with other firms in payments, securities, cash management,…
By Lisa Iagatta
September signifies transformation, and particularly so in my hometown of Boston. As we move from summer to the crisp days of autumn, there’s no better time to have held our annual Fall Forum, where we had an opportunity to reflect on…
Rich Robinson, ISITC Second Vice Chair, recently sat down with ComSpark at the MIT Chief Data Officer and Information Quality (MITCDOIQ) Symposium to share his subject matter expertise on data and standardization. As Rich notes in the interview, data…
Dominica Ribeiro, Head of North America Institutional Marketing at State Street Global Advisors, sat down with FTF News at our 25th Annual Securities Operations Summit to discuss the inception of the Fearless Girl statue and what it means for our industry…
At ISITC's 25th Annual Securities Operations Summit, EDM Council Executive Director John Bottega sat down with FTF News to discuss whether or not financial services firms are recognizing the relevancy of data in their operations.
Watch the full video…
1. How long have you been involved with ISITC and what positions have you held/do you sit on any committees?I’ve been an ISITC member for 11 years and have been a co-chair of the Derivatives working group since December 2008.
2. How did you become…
With cyber security incidents becoming more frequent and sophisticated, the need for strengthened cybersecurity practices and protocols is more important than ever. But where should firms and the industry focus now?
Ana Lotharius, ISITC board member…
ISITC Chair Lisa Iagatta speaks with FTF News about the state of the securities operations industry, noting that we’re “at a very pivotal point right now.”
Watch the full video on FTF News for her take on the latest technologies, as well as what scares…
We’re proud to share that Erica Borghi, Immediate Past Chair of ISITC, has been recognized by FTF News with the Editor’s Choice Award for 2019! Erica was chosen as the honoree for the work she’s done with ISITC to guide the securities operations industry…
How long have you been involved with ISITC and what positions have you held/do you sit on any committees?I have been involved with ISITC since at least 2003.I am currently one of the four co-chairs for the Corporate Actions working group. I have been…
By Eugene GrygoMay 31, 2019FTF News
An ISITC technical guide focuses on the FHFA effort to foster a common mortgage-backed security.
A key group of the ISITC organization for operations standards has issued a guide for industry participants to help…
By Lisa Iagatta, ISITC Chair
Although APIs may seem like something new and revolutionary to those in financial services and asset management, the concepts and philosophy behind them have been around for decades – long before companies like Amazon or…
An ISITC panel on AI and robotics reports that the old rules apply when firms embrace disruptive IT
By Eugene Grygo
Securities firms should apply old school best practices of IT and staff management when they consider resolving operational issues with…
By Lisa Iagatta
Every year, I’m amazed by the participation and energy at our Annual Securities Operations Summit. As a non-profit volunteer organization comprising over 60 member firms, ISITC has attracted professionals who not only dedicate themselves…
Our 25th Annual Securities Operations Summit is rapidly approaching, and we’re looking forward to engaging with industry leaders as we explore the theme Financial Services Disrupted: Charting the Course. In preparation for the conference, we’ll be highlighting…
How long have you been involved with ISITC and what positions have you held/do you sit on any committees?I started coming to ISITC conferences in the year 2000. My first leadership role was as a Co-chair of the Investment Manager Forum. In 2005, I became…
We’re looking forward to our 25th Annual Securities Operations Summit in a few weeks, where we’ll explore the theme Financial Services Disrupted: Charting the Course and all of the topics it encompasses. As we gear up, we’ll be highlighting a few of the…
By Lisa Iagatta, ISITC Chair
Recently, I had the pleasure of traveling to London to attend ISITC Europe’s Inaugural Market Innovation Summit. The event brought together a panel of knowledgeable speakers to discuss the most salient topics facing global…
As we gear up for our 25th Annual Securities Operations Summit, we’ll be highlighting a few of the conference’s featured speakers who will be sharing their insights on the changes disrupting financial services operations. First up in our Speaker Q&A series…
By Lisa Iagatta, ISITC Chair
Each new year offers a time for reflection on the path we’ve taken and predictions of what lies ahead. As an industry, we have certainly undergone a transformation over the past year. From cryptocurrencies’ volatile peaks…
By Paul Fullam, ISITC Board Member and Executive Sponsor of Corporate Actions Working Group, Senior Business Consultant at FIS
At the end of October, I joined over 7,500 industry professionals in Sydney, Australia to attend and present at Sibos 2018.…
By Erica Borghi
We had the pleasure of hosting our Fall Forum in Baltimore this September, gathering industry leaders from the entire securities operations ecosystem. From the general sessions to the working group meetings, the conference was successful…
It’s no secret that regulation, emerging technologies, and increased competition have disrupted the financial services industry – and are continuing to do so at accelerating rates. This rapid influx of change can be startling to both industry veterans…
In a Q&A with Eugene Grygo from FTF News, ISITC Chair Erica Borghi and Vice Chair Lisa Iagatta shared updates on ISITC’s latest Ops initiatives, as well as ISITC’s biggest achievements and surprises from the year.
Topics discussed include:
The success…
By Lisa Iagatta, Vice Chair, ISITC North America and Director of Account Management for Investment Services at FiservOriginally published in Markets Media
Distributed Ledger Technology (DLT) is something we have been discussing regularly with our membership…
With the vast amounts of data inundating the financial services industry, data management is critical for efficient business operations. From connectivity to regulation to semantics, there are many challenges and factors to think about when interpreting…
By Lisa Iagatta, ISITC Vice Chair
A couple of weeks ago, the SIFMA Operations Conference and Exhibition took place in sunny Phoenix, Arizona where I joined other ISITC leaders and members in discussing opportunities and pain points in financial services…
Cheryl Nash, President of Fiserv Investment Services, spoke to FTF News about disruptive technologies and their ripple effects.
Article: https://www.ftfnews.com/change-management-can-help-uproot-manual-systems/20875
By Lisa Iagatta, Vice Chair, ISITC
This year’s Annual Securities Operations Summit in Boston, now in its 24th year, gathered leading financial services and operations professionals from many of the world’s largest firms for three days of discussion and…
The former head of the CFTC suggests that regulators may have to lean in and guide the growth of the crypto currency phenomenon.
Crypto currency exchanges have a long way to go as far as providing protections for investors and other industry participants,…
By Lisa Iagatta, Vice Chair of ISITC
At the end of January, I had the pleasure of attending and presenting at ISITC Europe's AGM & Conference 2018 in London. Nigel Solkhon, CEO of ISITC Europe, was tremendous, and the agenda was filled with a variety…
Erica Borghi, Chair of ISITC and Vice President of Fintech Risk at Brown Brothers Harriman & Co., participated in an exclusive Q&A with FTFNews, providing a forecast for the organization’s priorities for the coming year, driven by the agendas of its working…
Lisa Iagatta, Vice Chair of ISITC and Director of Account Management for the Investment Services division of Fiserv, talks at Sibos 2017 about MiFID ll and its impact on operations, whether trade affirmation rates are improving and ISITC’s efforts in…
This year, we at ISITC hosted our 23rd Annual March conference. Our yearly conference is a chance to bring together industry peers to discuss the main issues impacting the financial services world. This year’s program covered three main themes:
1. The…
Financial standards body ISITC (the International Securities Association for Institutional Trade Communication) has appointed Erica Choinski chair of the organization through 2018.
Article: http://www.waterstechnology.com/inside-reference-data/news/2480063/isitc-names-bbhs-choinski-chair-appoints-new-board-members
Financial industry operations group ISITC (the International Securities Association for Institutional Trade Communication) has honored Bea Inigo, a founding member of the group, with its Standard of Excellence Award, at the group's 22nd Annual Industry…
The industry group's annual survey finds disruptive technologies are top concerns while many hope T+2 will not mean massive operational overhauls. Securities firms are gearing up for cybersecurity and Blockchain projects while hoping the T+2 shorter settlement…
Read more about ISITC?s five-year strategic plan that highlights our mission, business drivers, the communities we work with, and the solutions we provide: Download the infographic
The annual ISITC conference put a spotlight on how to address a large and expanding amount of unstructured data to produce insights on operational risk.
Breaking the Bottleneck
Financial industry operations group intends to overhaul online discussion forums, and assist members considering operational risk and operational model issues.
ISITC Plans Website Upgrade, Operational Risk Effort
With ISITC's 21st Annual Forum getting under way in Boston, we have discussed key current developments with Jeff Zoller, Chair of ISITC and Vice President at T. Rowe Price Associates, Inc.
ISITC: Operational Efficiency and Risk Mitigation
ISITC, the trade group representing operations specialists from over 100 buy and sell-side firms, is publishing a white paper with its recommendations in the fall. The guidelines, ISITC officials say, will include skill sets necessary for executives responsible…
Jeff Zoller, ISITC Chair, discusses the key trends in outsourcing operational functions and how companies are now building their outsourcing strategies with ISS-Magazine.
It's not just about cost - The growing appeal of outsourcing
The middle-office is now receiving increased attention, as the US trade cycle prepares to shorten to two days, and firms are already beginning processes and procedures of implementation. Paul McSherry, co-executive sponsor for ISITC?s middle office working…
ISITC board member and Managing Director at Citi, Gary Probert speaks to the need for a common settlement cycle, common communication conventions and common systems for post-trade processing in a global market.
Post-Trade Processing, Part 1
New Chair Jeff Zoller talks to FTF News about his goals for ISITC in the next two years, including plans to continue delivering thought leadership and operational solutions to members.
People Moves Q&A: New ISITC Chair Sets Priorities
The middle office is a significant area of operational risk as fund managers and broker-dealers are still generally using paper-based processing and tweaking existing technology rather than investing in new technology to avoid these risks. Chris Kentouris,…
Global Custodian?s Jake Safane writes about Jeff Zoller?s new role as Chair and explores ISITC?s plans to continue promoting standards and best practices in 2014.
ISITC Appoints New Chair
Lessons learned from transaction reporting, fund processing and settlement advances could prove useful in managing the growing trove of data being generated in the collateral space. Michael Shashoua uncovers the issues confronting collateral data management.…
The legal entity identifier and its implementation process continue to be factor in unexpected places across the industry, including data quality and collateral transaction data. Jason Brasile talks about the ISITC Settlement Working Group?s efforts aimed…
In a one-on-one Q&A session with Inside Reference Data, Genevy Dimitrion, executive sponsor of the Industry Initiatives Working Group at ISITC and vice president of State Street, spoke on Legal Entity Identifiers (LEIs) and the great strides the industry…
Inside Reference Datarecently gathered leading industry professionals, including Tom Brown, co-executive sponsor of the Regulatory Working Group at ISITC and associate partner at Brook Path Partners, to discuss the latest developments in the business…
ISITC develops global best practices, focusing on establishing support for day-to-day operations of broker/dealers, investment managers and vendors and making them more efficient. It tackles issues associated with trading, settlement, asset servicing…
Tom Brown, co-executive sponsor of the Regulatory Working Group at ISITC and Associate Partner at Brook Path Partners, Inc, talks about challenges of implementing a global LEI standard as a guest blogger.
LEI: The Logic Step
The International Securities Association for Institutional Trade Communication (ISITC) recently celebrated its 20th anniversary, and on this occasion, has begun thinking about what the next 20 years might hold for financial services industry operations,…
Past ISITC Chairs Genevy Dimitrion and Gary Probert speak with Inside Reference Data editor Michael Shashoua about ISITC's history and their ideas for the organization's continued thought leadership.
Past ISITC Chairs speak with Inside Reference Data…
The word ?regulation? has become almost as commonplace in the financial services industry as ?growth? and ?efficiency.? Legislative bodies in the U.S. and Europe are hammering home a message to the global financial services industry that transparency…
One of the stumbling blocks to achieving shorter settlement cycles is inconsistency in the exchange of standing settlement instructions (SSIs) among investment firms, custodians, and brokers.
Bad Settlement Data Leads to Trade Failures