Tech
Scivantage Secures New Funding Injection, Partner
The provider says it has raised an additional $20 million combined from Comerica Bank, Brown Brothers Harriman (BBH) Capital Partners, and Edison Ventures, as well as new investment from ORIX Ventures.
Johnston AM Taps Electra For Billing Automation
The long-only, Connecticut-based equities specialist with $3.8 billion under management will use Electra's Billing 3.0, formerly known as Quantum, for revenue workflow management and customized billing, including performance fees and complex fee…
Vulpes Uses Markit to Consolidate Valuation, Risk Infrastructure
Vulpes Investment Management is using Markit's Portfolio Valuations service to reduce the number of vendors it relies on for valuations, risk and scenario analysis from five to two.
The Singapore Sling, or How I Learned to Stop Worrying and Love Conferences
APTAS 2014 and BST Asia lead this week's coverage.
The Who and How of Cyber Criminals
Hackers have grown up in the last decade. They've got more resources, more ways to get into your network, and more things to take once they get in.
Full of Sound and Fury, Signifying ... IBOR
The investment book of record (IBOR) made its way back into discussion this week both in conversations at Sifma's technology conference, and in Waters' pages. The result, Tim says, was equal parts colorful and enlightening.
CMB International Chooses Serisys for Post-Trade
Hong Kong investment company CMB International has selected the post-trade processing platform from Serisys Solutions, Adypt, for its capital markets businesses. CMBI will begin its roll out of Adypt in the portfolio management area.
For Low-Latency Trading, Even as IT Spreads Come Down, Challenges Remain
Panelists at this year's Toronto Trading Architecture Summit discussed the challenges involved in improving latency, and balancing the benefits with the costs.
Diving In: IBOR Initiatives Drive Culture of Responsibility at UK Buy-Side Firms
The debate surrounding the investment book of record has moved to a new stage, with the release of a working group’s standards, and initiatives by the vendor community toward targeted products. Meanwhile, at two of the UK’s largest investment managers,…
Schroders Rolls Out Vermilion Reporting Suite
London-based asset manager Schroders, with $446.8 billion under management, has implemented the Vermilion Reporting Suite to help comply with its reporting requirements.
BNY Mellon Launches Online Portal to Monitor Outsourced Operations
Bank of New York Mellon (BNY Mellon) has launched MyOnCore, an online portal solution that helps investment managers in controlling and monitoring their governance parameters around their outsourced arrangements.
BBH to Support Lord Abbett's Ucits Platform
Brown Brothers Harriman will now provide full service support, including passive currency administration, for Lord Abbett's newly-launched, Irish-based Ucits platform.
Swift Adds Two to Compliance Services Arm
SWIFT has appointed Christopher Johnson and Fedra Ware as Practice Leads, Compliance Services, in the Americas.
Curo Taps Milestone for Old Mutual Multi-Managers' Enhanced Administration
Curo Fund Services, a South African administrator based just west of Cape Town in Bellville, has implemented Milestone's pControl to manage Old Mutual Multi-Managers and others clients' pricing and processing of complex investment structures.
Swift CIO Set to Retire
Mike Fish, CIO at industry messaging provider Swift, will retire after eight years in the role.
London Stock Exchange Signs Partnership with Casablanca Bourse
The London Stock Exchange Group (LSE) has signed a partnership agreement with the Casablanca Stock Exchange.
Tabb Appoints Perrotta as Head of Fixed-Income Research
New York-based research and consultancy firm Tabb Group has appointed industry veteran Anthony Perrotta as its new head of fixed-income research. Perrotta will report to Larry Tabb, the firm’s founder and CEO.
BNP Paribas Survey: Strategic Outsourcing the New Norm
As banks and brokers are more and more willing to outsource their middle and back-office functionality to focus on core activities, a recent survey by YouGov and sponsored by BNP Paribas Securities Services has found that one in five respondents are…
OneChicago Introduces Weekly Futures
The equity finance exchange today announced it will offer a new suite of products called OCX.Weekly beginning on Friday, June 20. The exchange will continue to list weekly futures each subsequent Friday.
IEX Hires Ramsay for Regulatory Role
Venue operator IEX has announced that John Ramsay will take on the post of chief market policy and regulatory officer at the firm.
Linedata Adds FATCA and AML Functionality to Mshare
Linedata has announced its transfer agency software, Mshare, is now able to address regulatory compliance requirements with additional FATCA withholding tax capabilities and Anti-Money Laundering (AML) updates to its service.
Midnight in the Rue Jules Verne
FCA chief’s remarks and the UK’s moves to regulate FX lead this week’s coverage.
Sinisgalli Not Rebuilding at Eze
On two previous occasions, Pete Sinisgalli has been brought in by a company's board to be CEO. In another instance he was brought in as a COO. All three times, the company in question was struggling or headed in a downward direction and needed a new…
BMO's Marson: Information Security Demands Processes As Well As Tools
While giving a presentation at this year's Toronto Trading Architecture Summit, Chad Marson, BMO's information security officer for capital markets, said that while security tools themselves are crucial, the processes, scalability, and ability to mature…