Sell-Side Technology/News
Integral Files SEF Application With CFTC
FX trading solutions provider Integral Development Corp has applied to the US Commodity Futures and Trading Commission (CFTC) to launch a Swap Execution Facility (SEF).
RBS Crowns McEwan as New Chief Exec
The Royal Bank of Scotland Group (RBS) has announced that Ross McEwan will become its new director and group chief executive, effective from October 1, 2013.
Bange Returns to GoldenSource Sales Force
Bret Bange has been named head of sales for the Americas at GoldenSource, a New York-based provider of enterprise data management (EDM).
DTCC Introduces Sweeping Changes at the Top
The Depository Trust and Clearing Corporation (DTCC) has announced a raft of new appointments at senior levels within the firm.
Bloomberg Wins CFTC Green Light for SEF Operation
Bloomberg has announced that the US Commodity Futures Trading Commission (CFTC) has given it temporary registration approval for the operation of a swap execution facility (SEF).
Consultant J&J Helps Build FinQloud's Reputation
In these early months of its existence, Nasdaq OMX FinQloud benefits as much from the reputational boost its clients provide as from the profits they bring in.
Numerix Integrates FVA Framework
The analytics provider has added a new framework for sell sides to calculate funding valuation adjustment (FVA) for arbitrary instrument types, including bespoke instruments with optionality, callability, and triggers such as Bermudan swaptions.
Deloitte Study Finds Increased Risk Management Tech Spend
The eighth biennial survey on risk management practices concluded that almost two-thirds, or 65 percent, of financial services firms have upped their risk management and compliance spend. 58 percent say more increases are expected in the next three years.
TeraExchange Files SEF Application
TeraExchange has announced that it has submitted an application to the US Commodity Futures Trading Commission (CFTC) to become a swap execution facility (SEF).
Aquis Exchange Makes Two Announcements
Members of Aquis Exchange, the proposed European stock exchange, will be able to access its trading platform via the BT Radianz Cloud financial network.
BSC Proposal to Introduce HFT Tax Criticized
Late last week, the UK's Business Select Committee (BSC) called for the introduction of a tax on high-frequency trading (HFT) activities, a move that has been roundly criticized by the financial services sector.
Sapient, EEX Tackle REMIT Reporting
Sapient Global Markets is now a certified implementation partner of the Leipzig, Germany-based European Energy Exchange, which is beefing up its transparency and reporting portal to help wholesale energy providers comply with mandated Regulation on…
360T Appoints Co-Head of Sales, Americas
Frankfurt-based trading platform provider 360T Group has appointed Patrik Nagel as co-head of sales, Americas, based out of New York.
Risk Management Budgets to Fall by 2014
Sell-side institutions are likely to spend 25 percent less on risk management by 2014, according to a recent survey by Risk Nation.
DTCC Buys Thomson Reuters' Omgeo Stake
The Depository Trust & Clearing Corporation (DTCC) will take full ownership in the post-trade and settlement platform provider. Thomson Reuters and DTCC had held equal 50 percent shares in Omgeo since its founding in 2001.
Chile's Comder Taps Calypso for CCP
The South American central clearinghouse, created by a consortium of Chilean banks, will use the software provider for its core central clearing (CCP) infrastructure.
GFI Files to be a SEF
GFI Group, a New York-based broker and technology vendor, has filed an application with the US Commodity Futures Trading Commission (CFTC) to become a multi-asset swap execution facility (SEF).
Traiana names Guy Eden as Head of Product Management
Traiana, the New York-based provider of pre-trade risk and post-trade processing solutions, has appointed Guy Eden as its new head of product management to focus on creating scalable cross-asset processes.
Wolters Kluwer to Acquire Svenson from SmartStream
Wolters Kluwer Financial Services has announced that it will acquire SmartStream's regulatory reporting product suite Svenson, after signing an agreement with the vendor.
Levanon to Leave Tel Aviv Exchange by December
Ester Levanon, CEO at the Tel Aviv Stock Exchange (TASE), has announced her resignation from the Israeli bourse, with a departure date set for year-end.
LCH.Clearnet CEO Ian Axe to Step Down
The London Stock Exchange Group (LSE) has announced that LCH.Clearnet CEO Ian Axe is to leave his position, after leading the global clearing house group for more than two years.
Deutsche Börse, Liquidnet Collaborate on German Block Trading
Deutsche Börse and Liquidnet have announced a partnership aimed at easing block trading in German equities, facilitated by Xetra Midpoint.
Broadridge and Accenture Partner for Post-Trade Platform
Broadridge Financial Solutions and Accenture have announced the formation of a partnership to deliver post-trade processing solutions for investment banks, named Accenture Post-Trade Processing.