Chicago brokerage R.J. O’Brien and Associates’ (RJO) European affiliate R.J. O’Brien Europe Ltd. (RJO Europe) will acquire interdealer broker GFI Group’s subsidiary The Kyte Group Ltd., officials say. Terms of the transaction were not disclosed, and the UK Financial Conduct Authority has approved the transaction, which is expected to close no later than March 17,… Read More >>
Our Special Report on the Key Ops Issues for 2015
Making predictions about the Top Ops issues for 2015 is more challenging than you might think, given the many facets of securities operations. We began our predictions coverage at the end of 2014 by reaching out to industry analysts and participants such as Virginie O’Shea, a senior analyst with Aite Group; Tim Lind, global head… Read More >>
TTC Supports Eurex Clearing Prisma Margining
Officials at the Technancial Company (TTC), a provider of real-time risk management and trade surveillance tools, say they are “first to market” with offerings that support the new Eurex Clearing Prisma 2.05 real-time margin methodology. The announcement was made at the 40th Annual Futures Industry Association (FIA) Conference, March 10-13, at the Boca Raton Resort… Read More >>
OpenGamma Embraces Open Source Margining
OpenGamma, a London-based, privately held provider of over-the-counter (OTC) derivatives trading solutions, says it is “working with dealers and other OTC derivatives market participants to deliver an open source model to calculate the margin on bilateral derivatives trades.” The solution will “implement the final Standard Initial Margin Methodology,” being developed by the International Swaps and… Read More >>
Brandywine Deploys SunGard’s Apex Collateral System
Investment manager Brandywine Global has selected the Apex Collateral solution from SunGard Financial Systems to “help support its growing collateral management business,” according to a company statement. Some of Brandywine’s most pressing requirements when choosing the solutions were “the ability to comply with increased regulatory demands and improve the client experience by reducing counterparty risk,”… Read More >>
Six Derivatives Dealers Pick KYC Joint Venture
Markit | Genpact KYC Services, a joint venture between Markit and Genpact Ltd., has announced that six G14 derivatives dealers are implementing the centralized service aimed at streamlining the collection and management of know your customer (KYC) information, officials say. The G14 dealers that will be implementing the service are BNP Paribas, Citi, Deutsche Bank,… Read More >>
ISDA Confronts OTC Trade Reporting Mess
Market participants and regulators are still getting the hang of navigating and policing the newly-minted landscape for over-the-counter derivatives that’s come out of the sweeping post-crisis reforms. So, it makes sense that there are still quite a few wrinkles to iron out, even as new regulatory rules continue to come online. One particular area that’s… Read More >>
Bolero International Opens Singapore Office
Bolero International Ltd., an electronic trade finance solutions provider, reports that it has opened a new office in Singapore’s Raffles Place financial district. The new office will bring Bolero “closer to corporate, logistics and financial customers based in and operating out of the region,” according to a company statement. In addition, the company is “committed… Read More >>
Oulhadj Upped to COO of RJO
Chicago-based R.J. O’Brien & Associates (RJO), which describes itself as the oldest and largest independent futures brokerage and clearing firm in the U.S., reports that Jamal Oulhadj, its senior managing director and chief risk officer (CRO), has been promoted to chief operating officer (COO) of RJO Holdings Corp., the firm’s holding company. Oulhadj, 50, has… Read More >>
Morningstar Fills Chief Innovation Officer Post
Morningstar, a provider of investment research, has named Matt Fellowes chief innovation officer, officials say. Fellowes, 40, also will continue to lead HelloWallet, a provider of personalized financial guidance that Morningstar acquired last year, officials say. Before founding HelloWallet in 2009, Fellowes was a fellow at the Brookings Institution, a nonprofit research and policy organization…. Read More >>
