News
ITG Releases Closing Auction Liquidity Algo
Execution and research broker ITG has announced the release of its Dynamic Close algorithm, which pursues market liquidity in NYSE and Nasdaq closing auctions.
Midwestern Exchange Ends Outcry Trading After 156 Years
The CME Group promised, upon completion of its purchase of the Kansas City Board of Trade (KCBT) in December, to keep the exchange's trading floor open for at least six months. That promise will go no further, as CME has announced its intention to end…
FTN Financial Implements HelixRepo, HelixMBS
Part of First Tennessee National Bank based in Memphis, FTN Financial Capital Markets will use HelixRepo and HelixMBS to track fixed-income financing and automate allocation of its mortgage-backed securities (MBSs) pools, respectively.
Thomson Reuters Launches Data Product Aimed at OMS Costs
The DataScope Workflow License is designed to reduce the costs of running order management systems by giving users access to a combination of reference data, pricing data and technical indicators
Capco Introduces 'Living Wills' Platform
Known officially as resolution plans, living wills for financial institutions are mandated by Dodd-Frank to provide rapid and orderly deconstruction of institutions in event of distress or bankruptcy.
Swaps Exchange TrueEX to Receive Services From Interactive Data
Massachusetts-based Interactive Data will provide a suite of services to trueEX, the first interest rate swaps exchange approved by the Commodity Futures Trading Commission (CFTC) as a designated contract market (DCM).
Kollross Joins AIM Software in Business Development
Joe Kollross, a former consultant at GoldenSource, will lead the software vendor's professional services activities in the UK and Ireland
OpenLink Announces EMIR Compliance Software for Bilateral Derivatives
OpenLink Financial, a transaction lifecycle management (TLM) software provider based in Uniondale, New York, has launched a European Market Infrastructure Regulation (EMIR) business intelligence solution, an extension of OpenLink's CubeIntelligence…
O'Hanlon Appointed Numerix CEO
After serving as chief operating officer for more than a decade, Steven O'Hanlon has been named chief executive of the analytics software provider
RBS Fined $612 Million for Libor Manipulation
The Royal Bank of Scotland (RBS) has been fined $612 by US and UK regulators over its role in the manipulation of the London Interbank Offered Rate (Libor), becoming the latest bank to be indicted in the ongoing scandal.
CLS Names New CFO
CLS Group has selected ex-American Express staffer Alexander Fishie to take the post of chief financial officer (CFO).
IBM Upgrades Big Data, Cloud Approach
Technology juggernaut IBM has announced an extensive revamp of its PureSystems integrated platform, which allows for the rapid deployment of private cloud infrastructure and large data set analysis.
Equinix Deploys ScienceLogic's IT Infrastructure Management Solution
Connectivity and data center company Equinix announced that it has fully deployed ScienceLogic's IT infrastructure management platform.
Northern Trust Adds Risk, Performance Info to Data Direct Platform
Northern Trust announced that it is adding additional risk and performance data that will allow institutional and wealth management clients to make more informed comparisons through its Data Direct offering.
Jyske Bank Automates Corporate Actions With SmartStream
The Danish bank will use the product provided by SmartStream Technologies to avoid the risk associated with its previous manual practices
Fatca's Final Version Eases Deadline, Maintains Data Burdens
The final regulations of the Foreign Account Tax Compliance Act have relaxed some deadlines and documentation requirements, but the data management challenges remain significant
OMS Workflow Tool Introduced by Thomson Reuters
The DataScope Workflow License (DWL) will provide a series of technical indicators to optimize investment firms' order management systems.
Perseus Connects with London Data Exchange
London Data Exchange (LDeX), provider of London-based colocation facilities and data center services, is offering a global exchange platform for London-based trading firms, in collaboration with Perseus Telecom.
O’Hanlon Assumes CEO Role at Numerix
New York-based Numerix, a provider of cross-asset analytics for derivatives valuations and risk management functions across the sell side and buy side, has appointed Steven O’Hanlon as the firm’s CEO. Gregory Whitten, who held the position of CEO since…