News
UBS, Bank of America Find Value in DMM Model
Using the EDM Council's Data Management Maturity (DMM) model, UBS Securities and Bank of America have been able to improve on their data governance and data management, officials say
Ex-LSE CTO Paine Goes to London Metal Exchange
The London Metal Exchange (LME) has appointed former London Stock Exchange (LSE) CTO Robin Paine as its new CTO.
Futures Trade Bodies Combine as FIA Global
The Futures and Options Association (FOA) and the Futures Industry Association (FIA), trade groups representing participants in derivatives markets, have agreed to merge, and will become a single organization under the name FIA Global.
BNY Mellon Exec Predicts 'Global Fatca'
Amy Harkins, a senior vice-president and managing director at BNY Mellon, points to discussions about a "Global Fatca" sparked by various nations' responses to the US foreign tax compliance regulation
Union Bank of Taiwan Chooses Calastone for Funds Automation
The bank has no form of automation at present, but expects 60% of its trades to be automated when it goes live on the Calastone network in August and for this percentage to increase as more fund managers join the network
Pre-LEIs, Pre-LOUs, COU Top Agenda at LEI ROC Plenary
At a meeting last week, the regulatory oversight committee of the global legal entity identifier (LEI) system agreed on plans to develop statutes governing the LEI's central operating unit
Icap Invests in Portfolio and Data Analytics Firm EFM
Interdealer broker Icap has invested in portfolio reporting and data analytics firm Enso Financial Management (EFM) to support its growth strategy.
Rimes Adds Swaps Index Data Feed
The managed data services vendor has added a new feed to its Reference Data Service that classifies indexes as either narrow-based or broad-based, according to the definitions of the Dodd-Frank Act
Hyperion AM Joins Calastone’s Network
The Australian equities fund manager, Hyperion Asset Management, has joined the Calastone Global Funds Transaction Network to automate the flows from participating platforms and custodians into Hyperion’s funds.
Investment Managers to Add Staff to Tackle Data Abundance
A large majority of investment management firms are likely to increase their headcounts during 2013 to support information strategy, research by buy-side consultancy Investit has revealed.
Janus Capital Group Taps Equipos Coric for Online Client Reporting Solution
Janus Capital Group has selected Equipos' Coric Client Communications suite, which will provide the Denver-based asset manager with a flexible and customized client reporting platform to respond to its growth in client numbers and regions served.
Santander Takes Fonetic for Dodd-Frank, Mifid Compliance
Spanish voice analytics specialist Fonetics has announced that Santander has deployed its record keeping solution in seven of its international trading rooms.
BCS Gains FCA Authorization, Launches Brokerage
Russian financial group BCS Prime Brokerage has gained regulatory approval from the UK's Financial Conduct Authority (FCA), and is launching its international brokerage business.