Emerging Technologies
Change Management: CIFC's Enrique Smith on IT and Finding God
From the day he walked through the door at CIFC, Enrique Smith was tasked with rebuilding the asset manager’s technology stack. Making big changes isn’t an issue for him, if his personal life is any indication. By Jake Thomases with photos by Amy Fletcher
Thomson Reuters to Slash 3,000 Jobs
Thomson Reuters has announced that it will cut around 3,000 jobs from its Financial and Risk unit, despite reporting positive net sales for the division in its third quarter results this week.
ISE Shuffles Data Execs, Soule Exits
The International Securities Exchange has reorganized the team of executives responsible for the exchange's market data, resulting in an expanded role for business development officer Jeanine Hightower and the departure of former head of market data Jeff…
Letters from Geneva: EFG International's COO Mark Bagnall
Contemporary private banks are more engaged with capital markets and regulatory authorities than ever before, which some say spells their demise—and yet the need for their services grows, fueled by emerging affluence in new parts of the world. It is a…
Michael Shashoua: Central Potential
The ongoing and increasing efforts to centralize key reference data elements in single locations could be coupled with other data management innovations now being explored or already underway. Michael identifies these elements and innovations, and…
James Rundle: Patterns of Behavior
While technology has allowed for ever more intelligent market manipulation over recent years, James argues that the intelligent application of emerging methodologies also provides the sell side with the means to effectively and comprehensively beat the…
BI-SAM Adds Frongello for Client Training
BI-SAM has announced that Andrew Frongello has joined the firm as its director of learning and development, focusing on client training programs run by the vendor.
Misys Appoints Häring as CMO
Global technology vendor Misys has announced the appointment of Martin Häring to the position of chief marketing officer (CMO).
Deutsche Börse Names Information Mosaic's Keller CIO
German exchange group Deutsche Börse has appointed René Keller group chief information officer for the exchange's IT and Market Data and Services division, and group-wide head of applications and infrastructure, effective Feb. 1, 2014.
Chinese Exchange to Cooperate with Nasdaq
Shanghai-based China Financial Futures Exchange (Cffex) and the Nasdaq OMX Group have signed a memorandum of understanding (MOU) at the World Federation of Exchanges’ annual meeting to strengthen cooperation and promote mutual development.
BT Nabs MarketPrizm CEO Randery
Network and telecoms provider BT has appointed Tanuja Randery president of strategy and marketing at BT Global Services, responsible for driving the growth of the division.
BT Hires MarketPrizm CEO
Tanuja Randery, CEO at MarketPrizm, has left the Colt subsidiary to take up the post of president, strategy and marketing, at BT Global Services.
Electra, Eagle Form Strategic Alliance
Software provider Electra Information Systems is partnering with Eagle Investment Systems. Through the alliance, three of Electra's solutions will be directly made available to Eagle's buy-side clients.
SocGen Transfers Securities Operations to Accenture Post-Trade Processing Platform
Accenture has announced that Société Générale Corporate and Investment Banking (SG CIB) has begun the transfer of its securities processing back-office operations to the Accenture Post-Trade Processing system, a service launched by Accenture and…
ITRS Raids Fidessa for Senior Sales, Biz Dev Hires
UK-based real-time systems and latency monitoring vendor ITRS has hired Angie Walker as global head of sales and Ian Salmon as global head of business development. Both join from UK trading technology provider Fidessa, where Walker was enterprise sales…
Battlefield Surgery, Meet Corporate Triage
The departure of the top two at NYSE Technologies doesn’t bode well.
Opening Cross: ‘Connect’ With Your Clients As Well As Their Algos
Long ago, the barrier to being an independent trader was money—the capital required to buy a seat on an exchange. As exchanges became electronic, the barrier became not just money, but also the technology required to access the exchange’s data. Now, this…
KUDOS* to the Humble Spreadsheet (*KUDOS = Known and Unknown Dependency of Spreadsheets)
Firms don’t often think of spreadsheets as big contributors to their data budget. But they’d be mistaken. And not only can these be drains on data resources; they can also present tricky problems when updating them to ensure they are properly consuming…
Northern Trust Creates iPad App for Institutional Clients
Chicago-based Northern Trust has unveiled a new Apple iPad application that will give institutional clients access to performance, exposure and risk information.
Straight Through to...What?
While the term straight-through processing gets thrown around a lot, Anthony spoke with Omgeo's Rick Enfield for a more precise definition for today's industry.
Ballintrae's CEO Pearson Talks Data Admin Standardization at WFIC
Ian Pearson, CEO at UK-based technology and market data consultancy Ballintrae, which operates the Ballintrae Exchange Rules and Regulations Database (BERRD) for managing market data policies, speaks to IMD about the lack of progress in achieving…
Macrobond Adds Matlab API, Histograms, Readies New York Office
Swedish time-series data and analytics vendor Macrobond Financial is launching a new version of its Macrobond Application data workstation, which features connectivity to the The Mathworks' Matlab data analysis development environment and enhanced…
Famanet-Thomson Reuters Court Case Begins in Cyprus
Hearings have finally begun in the long-running lawsuit brought by Cyprus-based data vendor Famanet Holdings against Thomson Reuters.
Laurent Paulhac to Head Icap's SEF
Icap has named Laurent Paulhac as the chief executive officer of its recently approved swap execution facility (SEF).