Articles by Marina Daras
All Eyes on Outsourcing
After UBS announced last month that it would outsource most of its fixed-income trading platform to Murex and Ion Trading, Marina Daras looks at how financial services firms intend to manage their IT costs by reassessing their outsourcing options.
UBS Executes First Interest-Rate Swap as Introducing Broker
UBS Investment Bank has completed its first trade as an introducing broker on behalf of a client via UBS Neo, the bank’s global distribution and execution services platform.
State Street Launches European Online ETF Platform
State Street Global Exchange has announced the launch of FundConnect, an online trading platform for Exchange Traded Funds (ETFs) designed to enhance the speed and efficiency in European ETF order-taking process.
Tocom Receives ATS Approval from Hong Kong Regulator
Tocom, the Tokyo Commodity Exchange, has received regulatory approval from the Securities and Futures Commission (SFC) in Hong Kong to provide Automated Trading Services (ATS) to its clients.
WSE Confirms Acquisition of Aquis Exchange Stake
The Warsaw Stock Exchange (WSE) has finalized its acquisition of a 36 percent stake in the newly launched pan-European stock exchange, Aquis Exchange.
Etrali Rolls Out Mobile Voice Recording in Japan
Etrali Trading Solutions has extended its mobile voice-recording service to Japan, and will partner Natterbox to help banks in the region complying with record-keeping requirements.
EFG Asset Management Selects Quartal Commission
EFG Asset Management, part of the EFG International private banking group, has selected Quartal Commission, the commission management component of Quartal Financial Solutions' broader software suite.
ESMA Calls for Clarifications on Derivatives Definition
The European Securities and Markets Authority (ESMA) has asked the European Commission to provide a clear definition of a derivative or derivative contracts falling under the European Market Infrastructure Regulation (EMIR).
BI-SAM Appoints Schapiro Global Head of Cloud Solutions
BI-SAM has appointed Jonathan Schapiro global head of cloud solutions as the vendor aims at developing and strengthening its private-cloud offering.
Citi Private Bank Replaces Proprietary Systems with Charles River IMS
Citi Private Bank has selected the Charles River Investment Management System (IMS) to replace its proprietary order and portfolio management engines. Citi will also be using OpenAI, built by Citi’s Investor Services, for trade processing and…
China Life AM Selects Markit EDM
Markit has announced that China Life Asset Management has selected its Markit EDM platform for data management.
Shuaa Capital Goes Live with SunGard’s Front Arena
Dubai-based investment firm Shuaa Capital went live with SunGard’s Front Arena product to enhance operational efficiency and client service.
Confluence Opens Office in Dublin
Confluence, a provider of automated investment data management solutions, has announced its expansion in the global fund industry by opening an office in Ireland.
BI-SAM Appoints Richard Irons Executive Director Europe
Paris-headquartered vendor BI-SAM has appointed Richard Irons to lead the company’s business development and account-management activities in Europe.
Capco Opens Office in Hong Kong
Financial services consultancy Capco has announced the opening of its Hong Kong office, to extend its expertise across the Asia-Pacific region.
FXCM Integrates Seer Trading Solution for Algorithmic Testing
US-based foreign exchange (FX) broker Forex Capital Markets (FXCM), has integrated Seer Trading’s technology with its offering, giving clients the ability to test and develop algorithmic trading strategies.
Euronext to Launch Fund Service in France
Euronext, a subsidiary of IntercontinentalExchange Group (ICE), will soon admit active open-ended funds such as exchange-traded funds and mutual funds to trade on its regulated market in Paris after France authorized their trading on regulated markets or…
Morgan Stanley Appoints New Head of Electronic Trading for FX
Morgan Stanley has announced the appointment of Shamyl Malik as its head of electronic trading for foreign exchange (FX) in London.
BaFin Moves Highlight EU HFT Regulatory Discrepancies
Recent moves by the German Federal Financial Supervisory Authority, BaFin, have increased pressure on a number of high-frequency trading (HFT) firms as those registered under a “local license,” or non-Mifid license, won’t be authorized to perform high…
Markit Adds Emir Reporting to Global Trade Reporting Tool
London-based Markit has announced that MarkitSERV will now be able to report over-the-counter (OTC) derivatives trades in rates, credit and equities for customers in accordance with European Market Infrastructure Regulation (Emir) requirements.
GreySpark Partners Targets APAC Region with Sydney Office
Global technology consultancy GreySpark Partners has opened an office in Sydney to expand its operations across the Asia Pacific region and provide consulting services to local institutional investors and banks.
Marco Polo New World Appoints Christian Robertson CEO
Trading solutions provider Marco Polo New World has appointed Christian Robertson as its CEO to lead the firm into new global markets and lines of business, while expanding its existing platform and revenues.
Thomson Reuters Adds Twitter Sentiment Analysis Tool to Eikon
Thomson Reuters has added a news sentiment data tool to its flagship desktop platform Thomson Reuters Eikon, including sentiment analysis of Twitter feeds.
Itaú AM Taps Omgeo for Automated Post-Trade Processes
Brazil’s largest investment manager, Itaú Asset Management, has implemented Omgeo services for central trade matching and settlement instruction capabilities.