News
ITG Updates Implementation Shortfall Algorithm
ITG has enhanced its Dynamic Implementation Shortfall algorithm with optimized capabilities to handle imbalanced and illiquid portfolio trades.
S&P Capital IQ to Redistribute Tullett Data Via Feeds and APIs
The pricing and data provider, which uses data from Tullett Prebon Information for its securities valuations and pricing business, will now also distribute a wide variety of the company's data via desktops, mobile applications, application programming…
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.
Fidessa Hooks Up With Susquehanna Affiliate for Options
Global Execution Brokers (GEB), a member of the Susquehanna International Group, is now offering options execution capabilities to members of the Fidessa community. The 750 brokers on the Fidessa network can now route order flow to Susquehanna, a large…
Woodfield Fund Administration Taps Smonik for Reconciliations
Illinois-based Woodfield Fund Administration has chosen back-office solutions provider Smonik Investment Systems' Recon solution to manage its portfolio reconciliations processes.
US Postpones Fatca Deadlines, Citing Need For International Agreements
Due diligence and tax withholding requirements of the US anti-tax evasion regulation have been postponed until July 1, 2014 to allow time for more countries to sign intergovernmental agreements with the US Treasury
MarketAxess Files SEF Application with CFTC
Electronic trading platform operator MarketAxess has submitted its application to the US Commodity Futures Trading Commission (CFTC), in order to become a swap execution facility (SEF).
LCH.Clearnet to Start Clearing CDS for US Members
LCH.Clearnet SA has been authorized to extend its clearing credit-default swaps (CDS) service to US clearing members through its CDS clearing business, CDSClear, while its registration to the US Commodity Futures Trading Commission (CFTC) as a…
Markit Readies Front-Office Upgrade for OTC Charges
Markit has announced new calculations in its front-office analytics suite, designed to help customers cope with a range of complex regulatory calculations from a single application.
FATCA Deadline Pushed Back, Buy Side Gets a Reprieve
The US Internal Revenue Service (IRS) issued a notice today saying that certain deadlines pertaining to the Foreign Account Tax Compliance Act (Fatca) have been delayed by six months, as rules around withholding and due diligence will move from January 1…
AIM Upgrade Boosts Clearstream Pricing Capabilities
An upgrade to the data management platform used by Clearstream International to centralize pricing and ratings data will enable the vendor of clearing and settlement services to price more than 700,000 records in the less than 20 minutes
Omgeo Interface Automates Trade Matching For Eze Users
A new link to Omgeo's trade matching system means users of Eze Software Group's order management system will not need to build separate connections to each of their brokers