SIX, an exchanges and financial data company, reports that it has acquired a majority stake in FactEntry, a fixed income data and solutions vendor, as a way for SIX to strengthen its cross-asset data offerings for the front-, middle-, and back-office. The majority stake acquisition closed on March 27, 2024, and financial terms and deal… Read More >>
Jury Convicts Key Player in Malaysian Fund Scandal
A federal jury recently found a former Goldman Sachs managing director guilty of bribing government officials to get lucrative deals via the 1Malaysia Development Berhad (1MDB) investment and development fund and guilty for laundering the proceeds on a massive scale. Following an eight-week trial, the jury in the Eastern District of New York convicted Ng… Read More >>
Charles River IMS Links to LTX And Other Briefs
Charles River IMS Uses LTX to Bolster Bond Trading LTX, an A.I.-enabled corporate bond trading platform from Broadridge Financial Solutions, has been integrated with an established offering — the Investment Management Solution (IMS) from Charles River — in order to offer end-users better liquidity aggregation and improved workflows, trade transparency, and price discovery, officials… Read More >>
Citi & BofA Jointly Building Fixed Income Platform
New Platform to Target CLOs, Syndicated Loans First Citi and Bank of America are collaborating on “a next generation trading, data and analytics platform” for fixed income markets that will be a more accessible, transparent, and efficient marketplace for the industry, according to bank officials. The banks hope their combined effort will yield a multi-dealer… Read More >>
Q&A: Why OpenDoor is Building a T-Bond Trading Platform
(Editor’s note: Trading systems vendor OpenDoor Trading announced last week that it is working closely with high-performance financial technology solutions provider Broadway Technology to hasten the development of a transaction platform for the U.S. Treasury bond market. They are joining forces and “ramping up for an early-Q4 launch” to meeting the demands of institutional investors… Read More >>
PIMCO Strategy Shift Spurs Executive Departure
The Pacific Investment Management Co. (PIMCO) is refining its equities strategies, which will result in the exit of Virginie Maisonneuve, the firm’s chief investment officer for global equities, according to a statement from Douglas Hodge, PIMCO’s CEO. “Equities will continue to be an important part of PIMCO’s investment solutions, including active and enhanced equities which… Read More >>
PIMCO Outflows Hit $150B for 2014
Mutual fund giant Pacific Investment Management Co. (PIMCO) had a total of $150 billion in estimated outflows for 2014, according to new data from financial research firm Morningstar, which also found that PIMCO had $26.7 billion in withdrawals last month. Morningstar researchers report that the PIMCO experienced an outflow of $26,717,199,997 for the quarter that… Read More >>
FIX Group Pushes Best Practices for Bond Trading
The FIX Trading Community, a non-profit, industry-driven standards body, has announced the creation of a set of recommended best practices for the use of FIX electronic trading standard to exchange pre-trade information in the bond markets, officials say. The Global Fixed Income Subcommittee members are currently reviewing the draft and expect a final release later… Read More >>
Banca Generali Signs Up for Bond Hosting Service
Italian banking group Banca Generali is among the first customers to use the hosted connectivity platform, Valdi Market Access, now with access to the fixed income market MTS BondVision, say SunGard Financial Systems officials. The vendor declines to mention the other customers of the expanded Valdi Market Access service. “Expanding our capabilities in the fixed… Read More >>
FINRA, MSRB Push for More Transparent Bond Trading
Industry regulator the Financial Industry Regulatory Authority (FINRA) and the Municipal Securities Rulemaking Board (MSRB) are offering companion proposals that would require disclosure of pricing reference information on customer confirmations for transactions in fixed income securities, officials say. The similar proposals are seeking input on factors unique to the corporate and municipal bond markets. Under… Read More >>
