Tech
Digiterre’s Murrin Moves Stateside
Ian Murrin, CEO of Digiterre, the London-based provider of buy-side focused technology and services, has, along with his family, relocated to New York.
UBS Buffs Orc for APAC Client Access
UBS Securities has extended its use of Orc Access, to faciliate Asian clients trading on US and European exchanges through direct market access (DMA).
Saxo Bank Launches FX Prime Brokerage Service
Copenhagen-based Saxo Bank has announced the launch of Saxo Prime, its foreign exchange (FX) prime brokerage service for institutional clients.
Chaikin Analytics Unveils iPad Workstation
Analytics technology provider Chaikin Analytics has launched a new Apple iPad app that provides actionable feedback to the buy side. The ability to enter and route trades from the device will be available within a month.
G2 FinTech Bolsters Cost Basis Reporting Tool
TaxGopher+, G2 FinTech's cost basis reporting (CBR) solution for investment managers, will support fixed-income and options transactions, the final covered securities under the US Internal Revenue Service's 1099-B rules to be introduced beginning in 2014.
'Dynamic' Ucits Beget Questions of Internal Data Governance, Administration
Since initial implementation of the fourth iteration of the European Commission's Undertakings for Collective Investments in Transferable Securities in 2011, and with two further directives, Ucits V and VI, already set to be respectively voted on by the…
Post-Acquisition, Markit EDM Targets Sell Side, Asia Growth
Daniel Simpson, CEO of Markit EDM—formerly Cadis, which Markit bought last year—says 2013 will be the year the vendor reaps the benefits from the acquisition.
Regulators Cite 'Critical Deficiencies' in JPMorgan Monitoring, Reporting, Risk Controls
JPMorgan Chase has been sanctioned by US regulators eight months after an outsized credit default swap led to trading losses of $6.2 billion.
Banks Snap Up Traiana Stake from Icap
Interdealer broker Icap has announced that it sold a 12 percent stake in foreign exchange (FX) specialist subsidiary Traiana, to a consortium of banks, with an option for them to buy a further 20 percent of the business.
RTS Partners With KVH for Hosting and Connectivity
RTS Realtime Systems Group (RTS) has launched proximity hosting and low-latency connectivity services in Japan by leveraging KVH, an information delivery platform headquartered in Tokyo.
AX Trading Introduces Direct Block Trading in Private Equity Shares
Alternative trading system (ATS) AX Trading’s DirectAX auction service will enable investment banks with private equity and venture capital clients, as well issuer companies, to trade shares directly.
MIK, ParkRiver Team on New Regulatory Requirements
MIK Fund Solutions and ParkRiver Fund Solutions are partnering to deliver a solution that will address new regulatory requirements for Forms CPO-PQR and CTA-PR. This product will be delivered alongside their already launched Form PF solution.
Trading Technologies and Phillip Capital Expand Relationship Into US
Phillip Futures, a Chicago-based futures clearing entity of Singapore's Phillip Capital, and Chicago-based derivatives solutions vendor Trading Technologies (TT) have begun offering TT's high-speed derivatives execution solutions to Phillip Futures'…
GFI's FX Platform Makes Changes
Fenics Trader, GFI Group's Fenics foreign exchange (FX) options multi-bank trading platform, will now be renamed GFI Direct and operated by subsidiaries of GFI Group, in a response to new regulation.
DCM Capital Launches Trading Platform Based on Sentiment Analysis
"Twitter Fund" founder Paul Hawtin has launched a new trading platform based on the sentiment derived from social media sites such as Twitter and Facebook.
TMX Atrium Adds Frankfurt to Moscow Connection
TMX Atrium, a Luxembourg-based provider of infrastructure technologies founded in 2006, has added a new low-latency path from Frankfurt to Moscow.
The Elephant in the Room
It hasn't been an easy return to work for many on the sell side, so far this month. Outside of new requirements regarding swap transaction reporting and dealer registration to consider, the possibility of enormous fines are hanging over nearly every bank…
Linedata Signs Magenta in Asia
Buy-side technology vendor Linedata has announced that its Global Hedge product has been selected by Magenta Advisors PTE, a Singapore-based hedge fund.
How to Tackle Risk in 2013
Anthony wants to hear about the new ways that firms are measuring risk to manage their trading books, and gives a look back at some of the articles you may have missed over the break.
Wall Street Systems Takes Control of IT2 Treasury Systems
Wall Street Systems has acquired total share ownership of IT2 Treasury Systems, a provider of treasury management software, from CapMan Technology.
Integral Co-Founder Joins EBS
EBS, the electronic foreign exchange (FX) platform from UK-based interdealer broker ICAP, has appointed Viral Tolat as CTO, based in New York.
Open Platform: New Windows on Financial Technology
Ease-of-use platforms such as Windows 8 offer new ways in which we will interact with work away from the desk, argues Paul Higdon.
Seeman Assumes CEO Role at Cutter
Tom Seeman has assumed the roles of CEO and majority owner of Cutter Associates, the Boston-based research, consulting and benchmarking outfit serving the global asset management industry, according to Mark Bobseine, founder and former head of the firm.
ESMA, EBA Recommend Euribor Rate-Setting Revamp
The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have penned a set of new proposals for improving the process by which the Euro Interbank Offered Rate (Euribor) is decided.