Tech
AIFMD's Slow Burn
As one AIFMD-related deadline hits, the industry is still likely a year away from tackling compliance and reporting for this regulatory overhaul. But that doesn't mean firms shouldn't start preparing today.
GFI Files to be a SEF
GFI Group, a New York-based broker and technology vendor, has filed an application with the US Commodity Futures Trading Commission (CFTC) to become a multi-asset swap execution facility (SEF).
Mackay Shields CTO: Routinely Check Vendor Data Security
A vendor tried to expand its business relationship with New York asset manager Mackay Shields, and in one conference call, almost lost the customer entirely.
The World is at War (Online)
Dealing with the increasing threat from cyberspace.
AIFMD Approaches
Starting Monday, AIFMD has to be written into national law throughout Europe. In this new statute, Anthony says firms can learn something from their neighbors across the pond, who had to begin filing for Form PF last year.
Wolters Kluwer to Acquire Svenson from SmartStream
Wolters Kluwer Financial Services has announced that it will acquire SmartStream's regulatory reporting product suite Svenson, after signing an agreement with the vendor.
Levanon to Leave Tel Aviv Exchange by December
Ester Levanon, CEO at the Tel Aviv Stock Exchange (TASE), has announced her resignation from the Israeli bourse, with a departure date set for year-end.
Waters Rankings 2013 ─ All the Winners
At a cocktail reception held at rooftop event space 230 Fifth, this year's Waters Rankings winners were announced.
LCH.Clearnet CEO Ian Axe to Step Down
The London Stock Exchange Group (LSE) has announced that LCH.Clearnet CEO Ian Axe is to leave his position, after leading the global clearing house group for more than two years.
Deutsche Börse, Liquidnet Collaborate on German Block Trading
Deutsche Börse and Liquidnet have announced a partnership aimed at easing block trading in German equities, facilitated by Xetra Midpoint.
Broadridge and Accenture Partner for Post-Trade Platform
Broadridge Financial Solutions and Accenture have announced the formation of a partnership to deliver post-trade processing solutions for investment banks, named Accenture Post-Trade Processing.
iLevel Unveils 6.0 of its Flagship Solution
iLevel Solutions has released version 6 of its cloud-based platform, which allows alternative asset managers to automate the functions of data collection, analysis and reporting.
REDI Now Independent of Goldman
Goldman Sachs has sold REDI, with its REDIPlus execution management system (EMS), to a consortium of investors, including Bank of America Merrill Lynch (BAML), Barclays, BNP Paribas, Citadel and Lightyear Capital. Even with the sale, Goldman will still…
CQG Integrates with KCG Hotspot for FX
Denver, Colorado-based CQG today announced the addition of foreign exchange (FX) trade execution to its services through integration with KCG Hotspot, the New Jersey-based electronic communication network (ECN) for foreign exchange.
Latin Clear Panama to Use Clearstream’s Post-Trade Solution Vestima
Panama-based Latin Clear has signed to join Clearstream’s investment funds platform Vestima in order to bring operational efficiency and security benefits to the Latin American financial markets.
DI Investors Taps SunGard for WSE Trading Access
Dom Inwestycyjny Investors (DI Investors), a Polish securities broker, has selected SunGard’s Valdi trading solutions to connect to the Warsaw Stock Exchange’s (WSE) new platform.
LSE Announces Second European CSD
The London Stock Exchange Group (LSE) has announced that it will launch a central securities depository (CSD) in Europe, complementing its existing Monte Titoli CSD.
Tradition-ICAP Debuts VolCall for OTC FX Options
Foreign exchange (FX) broker and platform provider Tradition-ICAP has announced the upcoming release of VolCall, for the electronic trading of over-the-counter (OTC) FX options.
EMCF and EuroCCP Sign Sale and Purchase Agreement
Owners of the clearing houses EMCF and EuroCCP have signed a sale and purchase agreement, formalizing an intention to combine the two businesses that was announced earlier in the year.
Exchanges Recognize Cyber Threats but Have Defensive Measures in Place
More than half of all worldwide exchanges have suffered a cyber attack in the last year, according to a survey by the International Organization of Securities Commissions (Iosco). Iosco released the results as part of a joint working paper with the World…
ITG Updates Implementation Shortfall Algorithm
ITG has enhanced its Dynamic Implementation Shortfall algorithm with optimized capabilities to handle imbalanced and illiquid portfolio trades.
Tri-Party Repo Interoperability Agreed by Clearing Houses
Euroclear Bank, Eurex Clearing and Clearstream have agreed an interoperability framework, allowing access to each other's infrastructure in an attempt to ease collateral flow across European borders and increase efficiency in the tri-party repo market.
Risk Management: Time to Get Real
It wasn’t long ago that it was acceptable for capital markets firms to manage their risk on an overnight basis, computing their various measures through lengthy batch processes while the markets slept. But that all changed with the 2008 credit crisis as…