News
Getco Makes Takeover Bid for Troubled Knight
Chicago-based Getco has tabled a bid to buy fellow electronic market-maker Knight Capital Group, which has been struggling since an expensive technical glitch cost the firm $460 million in August.
Thunderhead Doing Trade Documentation on the Cloud
Thunderhead.com, a UK-based automator of trade documentation, has launched ONE for Capital Markets for the cloud. The solution, which automates trade and relationship documentation processing and all paper transactions throughout the trade lifecycle, is…
Banque Morval Live on SunGard's Core Banking Platform
Banque Morval, a Swiss private banking institution, has implemented SunGard's Ambit Private Banking solution as its new core banking platform.
Xactium Opens London Office
Governance, risk and compliance vendor Xactium has opened an office in the City of London due to increasing business.
Hubscher to Lead Marketing at Object
Dan Hubscher has been taken on the newly created position of marketing director at direct market access (DMA) provider Object Trading.
Swift: Compliance Costs Doubling Every Four Years
Operational costs of compliance for sell-side organizations are doubling every four years, according to a new whitepaper released by Swift today.
iTB to Offer Access to NYSE Bonds
The move will provide firm quotes for listed debt on iTBconnect, with twin goals of increased liquidity and lesser fragmentation.
Omgeo Releases Solution for CFTC Mark-to-Market Requirements
ProtoColl will enable sell-side firms to meet daily mark-to-market and counterparty reporting mandates for their derivative positions.
NYSE, Chi-X Data Vets Lay Out Plans for EU Consolidated Tape
Proposals would set up an independent body to administer data capture and licensing, and commercial policies for European pre- and post-trade tapes.
Numerix Unveils Latest Version of CrossAsset
Numerix has released version 10.2 of CrossAsset, its flagship analytics framework for structuring, pricing and risk managing any derivative.
Equity Trustees Chooses Calastone For Order Routing
The Australian managed fund and financial services firm says the order routing service will help it to reduce the potential for error in back-office transactions
RTS Realtime Systems Targets Asia-Pacific Expansion
Tech vendor RTS Realtime Systems has announced that CEO Steffen Gemuenden will relocate from its Chicago headquarters to Singapore, as the firm seeks to increase its presence within the Asia-Pacific region.
EFG Harris Allday Selects Dion for Front Office
Private client stockbroker EFG Harris Allday has implemented Dion Global Solutions' Portfolio software in its front office environment.
Norwegian Brokerage Taps Neonet for Execution
Norwegian brokerage firm Christiania Securities AS is to outsource its execution services to Neonet.
BlueCrest Looks to Calypso for Front-Office Support
London-based hedge fund group BlueCrest Capital Management, with approximately $33 billion under management, has chosen Calypso's Front Office platform to support its funds.
Schapiro Announces SEC Depature
Mary Schapiro, the chair of the US Securities and Exchange Commission (SEC) has announced that she will leave her role at the head of the US regulator on December 14.
Interactive Data Expands RMDS Handler Coverage
Support for more data fields will allow clients to use IDC data more widely across RMDS data platforms
Compliance, Common Sense and Condemnation
Refreshingly open and practical conversations were, for me, the key take away from this year’s European Trading Architecture Summit (ETAS).
Equity Trustees Joins Calastone Network for Order Routing
Australian fund manager Equity Trustees (EQT) has signed up to Calastone's cross-border transaction network for order routing services.
UBS Fined $47.5 Million for Rogue Trading Scandal
Investment bank UBS has received a £29.7 million (approximately $47.5 million) fine from the UK Financial Services Authority (FSA), for "significant failings" regarding a rogue trading incident in 2011.
Fidessa Adds Autex IoI Data to Trading Platform
Additions will provide traders with transparency into availability of block liquidity in a single platform