News
Newedge Deploys Succession Systems for Pre-Trade Risk Management
Broker-dealer Newedge has rolled out Succession Systems’ TripleCheck product, ahead of the May 31 deadline for entities trading in Canada to comply with Investment Industry Regulatory Organization of Canada (IIROC) rules regarding automated trading risk…
Exit Stage Left For JPMorgan CIO Chiarello
JPMorgan CIO Guy Chiarello is stepping down, according to an internal memo circulated within the bank and seen by the Wall Street Journal.
Rimes Launches Managed Reference Data Service
The managed data services provider has applied tools and techniques from its Benchmark Data Service to reference and security master data, creating a new offering aimed at managing costs and following regulations
RMS, Eqecat Sign Data Standardization Agreement
The pair of competing specialist modeling vendors for insurance-linked securities (ILS) like catastrophe bonds have come together to harmonize their exposure data schema.
Clearstream Nudges DVP Settlement in Russia
Clearstream has announced it will deliver its new Russian delivery-versus-payment (DVP) settlement solution later this week, to help accelerate the set-up of an effective post-trade framework in Russia.
Chi-X Canada Launches CX2
Chi-X Canada ATS has announced the successful launch of its second Canadian alternative trading system, CX2.
Nasdaq Fined $10 million for Facebook IPO Failings
The US Securities and Exchange Commission (SEC) has levied a $10 million fine on exchange operator Nasdaq, in response to its system failings while conducting the initial public offering (IPO) for Facebook.
Citi Opens ‘Open' to Client Base, Improves Order Entry and SOR
After working with its buy-side clients and vendors, Citi made several announcements today: It will now make available its Citi Open algorithm to its entire client base; it has enhanced its Citi Close algorithm; it has redesigned its global order-entry…
SIX Names New Chairman
Alexandre Zeller, previously CEO of a Swiss unit of HSBC, succeeds Peter Gomez as chairman of SIX, the parent company of SIX Financial Information
New Vernon Capital Moves to Gravitas Cloud
Jersey City-based asset manager New Vernon Capital has migrated its infrastructure to Gravitas Private Cloud.
CQG Lowers Latency on Deutsche Börse Event-Driven Trading
Denver-based vendor CQG has partnered with Deutsche Börse to provide automated, event-driven trade execution via the AlphaFlash Trader application through the CQG Integrated Client and CQG Trader application programming interfaces (APIs).
PEAK6 Chooses SunGard for Investment Management
PEAK6 Advisors, a Chicago-based asset manager specializing in alternative investments, has gone live with SunGard's Front Arena and Monis solutions for portfolio and risk management, valuations and trade processing.
NLX Gains Regulatory Approval for Launch
Nasdaq OMX NLX and LCH.Clearnet have announced that they have received the prerequisite regulatory approval to launch trading and clearing on the new NLX derivatives venue, commencing Friday May 31.
EDI, OTC Markets Group Partner On Corporate Actions
The data vendor and operator of marketplace platforms have teamed up to provide corporate actions data on companies trading on OTC Markets Group's OTCQX, OTCQB and OTC Pink marketplaces
Xenomorph Uses Windows For Cloud Deployment
The analytics and data management technology vendor is responding to clients who have successfully deployed its TimeScape product on-site, but now want to move the infrastructure offsite to simplify its management
JC Rathbone Taps Quantifi for CVA Analytics
The risk management and advisory services consultancy firm, JC Rathbone Associates (JCRA), has selected Quantifi’s credit valuation adjustment (CVA) product as its primary solution for counterparty risk analytics.