Please indulge me for a moment as I feel like a proud parent. We are about to debut the second print edition of FTF News at the SIFMA Tech Leaders Forum and Expo 2012, June 19-21, in New York. We have been working very hard on this edition, which will be available throughout the summer, and we think it’s a keeper.
Our cover story is about Brendan P. Farrell, Jr., CEO and founder of corporate actions provider XSP. Readers chose Farrell as FTF News’ Person of the Year and after working on the story I certainly can see why he has impressed so many with his energy and drive. He is taking XSP on an interesting journey that we all will want to keep an eye on. He serves as a prime example of an executive that has the vision to lead an organization through very difficult times. It’s impressive how he spends little time worrying about the past and seems relentless in pushing the corporate actions business to the next level.
We also cover in depth some major trends impacting you such as an update on the Legal Entity
Identifier (LEI) initiative, how order management system (OMS) providers are reaching out to the middle and back offices, and what an asset management firm is doing to prepare for the over-the-counter (OTC) derivatives reforms to come. We focus on what really happened when firms had to conform to the new cost-basis reporting (CBR) rules of the Internal Revenue Service (IRS), and offer an informative and insightful Q&A with a CBR tax law expert.
We delve into the enterprise-wide data management issues that you face and the need for best practice guidelines to help you sort out diverse commercial data models. We also deal with the thorny issues of reconciliations and exceptions—we spoke to a reconciliations manager who gives us a view into one of his more difficult days.
While we are very excited about the magazine, this does not signal a major shift away from what we do online. We will still provide you with a steady flow of in-depth features and insight, delivered online for your convenience. We have no intentions of abandoning what has been working since we launched in February 2011.
We hope to see you at the SIFMA show and that you have a chance to check out the magazine.