News
BNY Mellon Adopts DTCC Messaging
The corporate actions messaging solution, run on the Swift network, is an effort to standardize global messages.
Icap to Establish a Single Global Broking Service
Broking had been run on a strictly regional basis at the interdealer broker.
LCH.Clearnet Acquires IDCG
UK clearing house expands US presence with buy.
Sapient Launches Standard For Cleared OTC Derivatives
Sapient's clearing connectivity standard can transmit information about cleared OTC derivatives; aims to reduce risk and operational burden by replacing multiple formats currently in use
Bravura Solutions Hires Hofmann for EMEA Sales
Former Calastone sales director joins vendor's London office.
StatPro Plots ‘Revolution' for iPad, Tablets
New app will provide portfolio and risk analysis platform for salespeople and business managers
CLS Group Appoints New CEO
Ex-JPMorgan executive to lead settlement bank.
Citi Adds Middle Office Services to Victory Capital Management
The fully implemented solutions build on Victory's longstanding relationship with the bank.
JonesTrading Acquires Conifer Securities
The deal opens up access to new services for both firms.
Cleartrade Exchange, Tradex Launch Chinese Platform
Singaporean partnership to yield Chinese-language GUI.
Thomson Reuters Extends FXall Offer
Information giant also agrees to settle class action lawsuit.
Sapient Drives New Connectivity Standard for Cleared Derivatives
The Clearing Connectivity Standard will allow futures commission merchants to transmit clearing information to custodians on asset managers' behalf.
Celent Studies Risk Management in China
Asset managers in particular are dealing with highly varied risk management capabilities and technologies.
Former SunGard Boss Joins Startup True Office as Chairman
Conde had been with SunGard for 24 years before leaving last year.
Sinara Moves Data Hosting to Interxion
The move to Interxion's London campus will allow the vendor and clients to cross-connect to data vendors and customers
FSB Seeks Legal Advice On Establishment of LEI Foundation
The Financial Stability Board has asked legal experts to submit recommendations on the most appropriate jurisdiction in which to set up the legal entity identifier foundation and the operational unit it will be responsible for
Smart Move for RBS Appointment
Morgan Stanley staffer joins British bank.
ConvergEx Upgrades Eze OMS
Adds portfolio risk management tools to product.
Julius Bär Acquisition of BAML IWM to Incur Significant Tech Costs
Running parallel platforms, infrastructure upgrades, and migration will constitute a large piece of total transaction costs, estimated at CHF400 million ($411 million).
Swissrisk Financial Systems Rebranded After Takeover
Vendor renamed following acquisition by Dion in January.
ASX Implements TMX Group's Razor Risk
The platform is being introduced ahead of clearing for equities at the Sydney exchange.