News
G2 FinTech Bolsters Cost Basis Reporting Tool
TaxGopher+, G2 FinTech's cost basis reporting (CBR) solution for investment managers, will support fixed-income and options transactions, the final covered securities under the US Internal Revenue Service's 1099-B rules to be introduced beginning in 2014.
Post-Acquisition, Markit EDM Targets Sell Side, Asia Growth
Daniel Simpson, CEO of Markit EDM—formerly Cadis, which Markit bought last year—says 2013 will be the year the vendor reaps the benefits from the acquisition.
Regulators Cite 'Critical Deficiencies' in JPMorgan Monitoring, Reporting, Risk Controls
JPMorgan Chase has been sanctioned by US regulators eight months after an outsized credit default swap led to trading losses of $6.2 billion.
Banks Snap Up Traiana Stake from Icap
Interdealer broker Icap has announced that it sold a 12 percent stake in foreign exchange (FX) specialist subsidiary Traiana, to a consortium of banks, with an option for them to buy a further 20 percent of the business.
RTS Partners With KVH for Hosting and Connectivity
RTS Realtime Systems Group (RTS) has launched proximity hosting and low-latency connectivity services in Japan by leveraging KVH, an information delivery platform headquartered in Tokyo.
Ex-Avox CEO Planning Next Move
Ken Price, who left Avox in December, says he is in talks about an executive role with a new San Francisco-based technology company
AX Trading Introduces Direct Block Trading in Private Equity Shares
Alternative trading system (ATS) AX Trading’s DirectAX auction service will enable investment banks with private equity and venture capital clients, as well issuer companies, to trade shares directly.
MIK, ParkRiver Team on New Regulatory Requirements
MIK Fund Solutions and ParkRiver Fund Solutions are partnering to deliver a solution that will address new regulatory requirements for Forms CPO-PQR and CTA-PR. This product will be delivered alongside their already launched Form PF solution.
Trading Technologies and Phillip Capital Expand Relationship Into US
Phillip Futures, a Chicago-based futures clearing entity of Singapore's Phillip Capital, and Chicago-based derivatives solutions vendor Trading Technologies (TT) have begun offering TT's high-speed derivatives execution solutions to Phillip Futures'…
GFI's FX Platform Makes Changes
Fenics Trader, GFI Group's Fenics foreign exchange (FX) options multi-bank trading platform, will now be renamed GFI Direct and operated by subsidiaries of GFI Group, in a response to new regulation.
Tsianaxis Joins Deloitte
Vangelis Tsianaxis, previously an executive at Citi in London, has joined Deloitte as a managing consultant
DCM Capital Launches Trading Platform Based on Sentiment Analysis
"Twitter Fund" founder Paul Hawtin has launched a new trading platform based on the sentiment derived from social media sites such as Twitter and Facebook.
TMX Atrium Adds Frankfurt to Moscow Connection
TMX Atrium, a Luxembourg-based provider of infrastructure technologies founded in 2006, has added a new low-latency path from Frankfurt to Moscow.
Fiera Capital Integrates Eagle Platform and Cloud Service
The Canadian investment management firm has picked up on Eagle Investment Systems' platform and Access cloud service, used by Natcan, an investment firm it acquired in April
Linedata Signs Magenta in Asia
Buy-side technology vendor Linedata has announced that its Global Hedge product has been selected by Magenta Advisors PTE, a Singapore-based hedge fund.
Rimes Adds Bloomberg Open Symbology to Data Service
Bloomberg tickers will now be fields in Rimes Technologies' benchmark data offering, and Bloomberg security identifiers are now live on Rimes' data service, giving Rimes users more information overall
