Sell-Side Technology/News
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.
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.
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.
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.
Norwegian Brokerage Taps Neonet for Execution
Norwegian brokerage firm Christiania Securities AS is to outsource its execution services to Neonet.
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.
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).
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.
SocGen Exec: Regulatory Conflict Causing Confusion at Banks
Panelists at the European Trading Architecture Summit (ETAS) in London yesterday said that the extra-territorial reach of US regulation, such as the Dodd-Frank Act and its associated rules, means that banks in other countries are facing serious issues of…
CIBC's Maden: Vendors Must Find Holistic Approach
Vendors must come up with ways to ease the pressure on financial services firms, allowing them to focus on their core responsibilities, rather than worrying about their technology, according to Francis Maden, executive director at Toronto-based…
HSBC's Childe: Back-Testing Key to Mitigate Algo Failures
Panelists at the European Trading Architecture Summit (ETAS) yesterday discussed how to mitigate algorithmic trading errors that can cause catastrophic losses, saying that thorough back-testing is crucial to performance stability.
Chi-X Australia CEO to Step Down in 2013
Chi-X Australia has announced that CEO Peter Fowler will step down from his position early next year.
BAML's Walker: It's Not All About Speed
The message at the European Trading Architecture Summit (ETAS) in London this morning was clear: When it comes to developing cutting edge capital markets trading infrastructure, it's not all about speed.
FSA: Next Year "Ambitious" for Real-Time Regulatory Reporting
During a panel at the European Trading Architecture Summit (ETAS) in London, delegates from the UK Financial Services Authority said it was unlikely that real-time reporting would be mandated next year.
UBS' Dalglish Urges "Back to Basics" Tech Stance
UBS Group Data CTO Tom Daglish has advocated a more effective management of IT ecosystems in his conference address.
Jyske Bank Chooses Caplin, Progress Software for FX Aggregation
Jyske Bank, a Danish bank headquartered in Silkeborg, has chosen Caplin Systems to work alongside Progress Software for a fully integrated, end-to-end foreign exchange (FX) and e-commerce solution.
Metisq Upgrades to Charles River IMS v9
Metisq Capital, an Australian boutique equity manager, has upgraded to Version 9 of the Charles River Investment Management Solution (IMS) to expand its international equity fund management for Asia and Greater China.
NLX Taps TMX Atrium for Market Access
Nasdaq OMX's forthcoming London-based interest-rate derivatives (IRD) platform, NLX, has chosen TMX Atrium to provide its members with market access.
FircoSoft Moves into India with Peocit's Help
Watchlist filtering solutions produced by the French firm will allow Indian banks to better meet regulatory KYC requirements.
HKEx Implements MillenniumIT for Central Gateway
Hong Kong Exchanges and Clearing (HKEx) has announced that it will use MillenniumIT's technology for its Orion Gateway project.