News
Linedata Releases Icon Upgrades
Technology vendor Linedata has released the latest upgrades for its fund accounting and administration platform, Icon.
Industry Segments Get More Time For CICI Adoption
Extension of deadlines for swaps market participants as well as FX, commodities and equities traders to adopt the CICI identifier still leaves accuracy challenges to be addressed
CEO Brodsky Steps Down at CBOE
William Brodsky, chairman and CEO of CBOE Holdings, will step down as CEO following the Annual Meeting in May 2013 to assume the role of executive chairman of the board. Brodsky, who has served since 1997, took the company public in 2010.
SS&C and Abacus Pair Up on Connectivity
Connecticut-based SS&C Technologies has teamed up with Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, to provide investment firms hosting their platforms on the AbacusFLEX private cloud with a turnkey global FIX…
Instinet Adds Multi-Strategy to Commission Management Tool
Agency-only broker Instinet has launched an enhanced version of Plazma, its multi-asset commission management platform.
Money Laundering Problems Fuel Support For LEI
The legal entity identifier and hierarchical data can help to prevent anti-money laundering failures like the high-profile cases at HSBC and Standard Chartered, according to data management experts
Information Mosaic Hires Sales Head
James Millard joins the post-trade automation vendor as global head of sales, to be based in New York
Orc Launches Pre-Trade Risk Management Tool
Swedish technology provider Orc has launched a new solution to help banks and brokers to monitor pre-trade risk.
Rule Financial Signs OTC Specialist
Capital markets consultancy Rule Financial has announced that Derek Perry will join the company as a management consultant, and over-the-counter (OTC) clearing specialist.
DSF Deploys Orange
Paris-based broker DSF Markets has rolled out Orange's Open Trade system alongside the telecoms company's voice recording solution.
FSB Plans To Include Hierarchical Data With LEI
The Legal Entity Identifier Implementation Group and Private Sector Preparatory Group are developing plans to include hierarchical and relationship data with the LEI, while legal experts are exploring Switzerland's suitability as the site of the LEI…
CounterpartyLink Releases KYC Compliance Index
Legal entity intelligence firm CounterpartyLink, also known as CPL, will make a know-your-client (KYC) compliance index, as well as deeper beneficial ownership information to 10 percent levels, available on its web-based service, CPL Online.
Fidelity Unveils Buy-Side Execution Venue, Plans Dark Pool 'Scorecard'
Fidelity Capital Markets, the institutional trading division of Fidelity Investments, has launched a new execution venue dubbed the Block Liquidity Opportunity Cross, or BLOX. The venue is a carved-out section of CrossStream, the firm's alternative…
Sapient Approved as Eris Training Partner
Boston-based Sapient Global Markets has been certified as an Implementation Partner by Eris Exchange, the Chicago-based futures exchange aimed at the OTC derivatives market.
Nasdaq OMX Acquires 25 Percent of TOM
Nasdaq OMX has acquired 25 percent of The Order Machine (TOM), a Dutch cash equities and equity derivatives trading venue.
Citi Joins with Tradable for FX
Foreign exchange (FX) platform Tradable has announced a partnership with Citi, which will allow brokers on its platform to transact with the bank through its CitiFX TradeStream.
Iowa BD Turns to SunGard for Social Media Surveillance
Iowa-based broker-dealer Berthel Fisher & Company Financial Services announced today its adoption of SunGard's Protegent Social Media Surveillance for regulatory compliance and monitoring of its advisors' online activity.
Clarke’s Tenure at Man to End; COO Roman will Take Over
Man Group has announced it will replace chief executive officer Peter Clarke, who had been in the job since 2007, with Emmanuel "Manny" Roman. Roman is the firm's chief operating officer and joined Man after it acquired hedge fund GLG Partners in 2010.
IPC Survey Reveals Tech Spend Shifting to Cloud, Away from HFT
Of over 120 respondents to a survey by communications technology vendor IPC at the Futures Industry Association (FIA) Chicago event, three out of four say technology spend will increase in 2013, driven mostly by a pursuit of increased efficiency, with…