Tech
Quadriserv Expands Cinnober Relationship with Equity Repo
The new initiative will be added to Quadriserv's existing AQS securities lending platform.
Should SEC’s 'Parking Scheme' Charges Portend Greater Trading Surveillance?
The Securities and Exchange Commission (SEC) this week charged two New York-based traders with executing a trading “parking scheme” designed to preserve bonuses, and its enforcement action should prompt investment banks to assess their ability to detect…
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.
Bank Muscat Selects Charles River IMS
The asset management division of Oman-based Bank Muscat has chosen Charles River's Investment Management System (IMS) to support equity and fixed-income operations.
First Derivatives Opens Singapore Presence
Software vendor and consultant First Derivatives has opened an office in Singapore, with the aim of consolidating its Asia-based activities.
CTO Rick Lane Assumes CEO Role at Trading Technologies
Trading Technologies (TT), a Chicago-based trading software provider, has named CTO Rick Lane as its new CEO, effective immediately. Harris Brumfield, majority owner and CEO for the past 11 years, remains with the company as chairman of the board.
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…
There's No One Way to Justify an IBOR, Reveals Waters Panel
There is no one way to make a business case for an investment book of record (IBOR). Not when an IBOR still means so many different things to different people. That’s why the panelists at Waters’ IBOR breakfast briefing were all over the map when it came…
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.
Instinet Unveils MAKE Algorithm Globally
Instinet, the equity execution services arm of the Tokyo-based Nomura Group, has launched what it has dubbed its MAKE algorithm, the broker’s latest addition to its Execution Experts algorithmic trading suite.
Reval Poll Indicates Half of Respondents Not Ready for EMIR Compliance
According to a recent poll conducted by Reval, a New-York based provider of treasury and risk management technology, 65 percent of firms are not ready to fall in line with the February 12 EMIR compliance deadline.
Waters Panelists: IBOR Must Be Governable, Fit For Purpose
To gain traction, an enterprise-level investment book of record's (IBOR’s) capabilities must be eminently demonstrable and reflect buy-side processes already in place, said panelists at this week’s Waters IBOR Breakfast Briefing in New York.
CPPIB's Jay Vyas: Keep the 'I' in IBOR
When developing an investment book of record (IBOR), it's important that traders and portfolio managers retain ownership of the data and that the IBOR remains an investment function, and not a function of compliance or reporting, according to Jay Vyas,…
Gaia Adds Numerix Analytics for EMIR Requirements
Paris-based Gaia Transparence, an open source software provider, has embedded analytics from Numerix, a provider of analytics for derivatives valuations, within its Position Builder solution for collateral management, margin requirements and credit value…
Fundtech Appoints McGaffey as Head of Sales for the Americas
Jersey City-based Fundtech, a provider of transaction banking technology and services, has hired Kyle McGaffey as sales manager for the Americas.
Spreadsheets and the Challenge of Model Risk Management
Modern businesses rely heavily on models for a wide range of applications, such as risk management, valuations, and reporting. The challenge is that large numbers of firms have failed to fully grasp that many models are based on, or make use of,…
JPX Seeks Bids for Derivatives Trading System
The Japan Exchange Group (JPX), the merged entity incorporating the Tokyo Stock Exchange (TSE) and the Osaka Securities Exchange (OSX), has announced that it will accept bids from vendors for a new derivatives trading system.
Euroclear Adds Five to Fund Service
Euroclear UK and Ireland has announced the addition of five new fund managers to its investment fund service for post-trade functions.
Bats Completes Merger with Direct Edge
Bats Global Markets has announced the completion of its merger transaction with fellow US exchange group Direct Edge.
Indata Launches iPM Epic with Eye Toward Big Data Challenges
Portfolio management systems provider Indata is looking to tackle the challenge of big data with the launch of iPM Epic.
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.
Icap Aims for London-based SEF
Interdealer broker Icap has filed an application to run a swap execution facility (SEF) based in London, but overseen by the US Commodity Futures Trading Commission (CFTC).