Scott O'Malia480

O’Malia Leaving CFTC to Run ISDA

Scott D. O’Malia, the soon-to-be former CFTC commissioner who sometimes reluctantly ushered in derivatives reform, will become CEO of the leading private industry overseer for over-the-counter derivative transactions, the International Swaps and Derivatives Association (ISDA), effective August 18, say ISDA...
Insider_Trading

SEC to Probe 44 Firms for Insider Trading

The number of hedge funds, asset management and other investment firms under suspicion in a SEC insider-trading probe involving an alleged Congressional tip-off recently expanded to 44, giving it the potential to become the largest insider-trading case of all time....
New Derivatives Rules to Burden Ops

New Derivatives Rules to Burden Ops

The SEC’s decision to apply Dodd-Frank rules to overseas derivatives trading will add significantly to the to-do list for the back-office. The good news is that Ops managers will play a greater role in advancing derivatives processing.

Josh Brodman must be a little nostalgic for the time—only about a year ago—when the fine print of the clearing and execution reforms for derivatives trading was still being finalized. At the time, he was an operations manager for a multi-strategy, event-driven fund with several billion under management.

FATCA_Money_Smaller

Special Report: Surviving the Phenomenon of FATCA

No matter how hard financial services firms try, they cannot avoid the reach of the Foreign Account Tax Compliance Act (FATCA), a law meant to curtail offshore tax evasion. In this 15-page, in-depth report, FTF News explores the complexities of...

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Bridging the divide between the official story and what is really happening.

  • A New Way to End ‘Too Big to Fail?’

    Four years on, is the GOP right about Dodd-Frank missing its biggest target – financial services institutions that are “too big to fail?” Are Republicans and many Democrats correctly concerned that Dodd-Frank has come to mean a blank check for…
  • Are You Ready for Cloud 2.0?

    I concluded late last year that end-user firms and financial technology providers were quietly entering the next phase of the cloud computing revolution. My analysis, based on anecdotal evidence, is that buy- and sell-side firms ignored the cloud hype three…

Latest News View All

  • Averting Deutsche’s Regulatory Reporting Woes

    Long-term and wide-ranging problems with Deutsche Bank’s regulatory reporting processes have to come to light in a stern letter from the Federal Reserve Bank of New York (FRBNY) instructing Deutsche, in no uncertain terms, to immediately fix the problems identified….
  • AxiomSL Hires from Oracle for EVP

    AxiomSL, a provider of regulatory reporting and risk management solutions, has appointed Louis Matrone executive vice president of North American Sales. He will head North American sales and report directly to Alex Tsigutkin, AxiomSL CEO. Matrone, an industry veteran, joins…
  • BATS’ President Departs

    Earlier this week, exchange operator BATS Global Markets announced that its president William O’Brien was leaving, effective immediately. His exit follows remarks he made in April when he incorrectly stated that BATS’ Direct Edge exchanges use high-speed market data feeds…
  • Sommers Joins Board of Prop Trading Firm

    Jill E. Sommers, a former CFTC commissioner, has agreed to sit on the board of managers for Chicago-based Allston Holdings, the parent company of a proprietary electronic trading firm, according to Allston officials. Allston Holdings operates globally on exchanges in…

Latest Opinion View All

  • Insurance and Innovation: Are you In or Out?

    Wed, 23 Jul 2014 12:45:24 +0000

    Guest Contributor: Sheryl Brown, Social Media Coordinator, Ash Brokerage So when you say “financial services” or “insurance” do you immediately think of the word “innovation”? Um … likely not. (Hint: We are not the cool kids on the bus. I hate … Continue reading
  • Utilizing Big Data in the Financial Markets

    Wed, 16 Jul 2014 12:30:00 +0000

    Guest Contributor: Larissa J. Miller, Founder and Board Member of Stuart Investments The financial markets have always been blessed with big data. While other industries are catching up to the markets in terms of size, the financial markets have moved … Continue reading
  • Information Technology Responsibility for Social Media

    Wed, 09 Jul 2014 12:45:37 +0000

    Guest Contributor: Blair Rugh, Chief Compliance Officer, Temenos Social media and other forms of electronic communication are becoming the principal advertising and marketing tools of many financial institutions. First, they are inexpensive. Second, they can be targeted as narrowly or broadly … Continue reading
  • Get Busy Living [Digitally], or Get Busy Dying

    Wed, 02 Jul 2014 12:45:05 +0000

    Guest Contributor: Victor Gaxiola, Customer Advocacy Manager, Hearsay Social Anyone familiar with the movie “The Shawshank Redemption” will remember the line, “Get busy living or get busy dying.” It kept echoing in my head as I read the annual World … Continue reading