Governance, risk management and compliance vendor Compliance Science has added a new chief revenue officer (CRO) and moved to a bigger office, following “the rapid expansion of Compliance Science’s market share … resulting from insider trading concerns continuing to proliferate” across the industry, a spokesperson says in an email. In his new role as CRO… Read More >>
Blue River Partners Hires CFO, Managing Director
After a year of growth, compliance and administrative services provider Blue River Partners is preparing for the future via adding executive staff, the launch of a new service offering, and internal promotions, officials say. Last year “was a phenomenal year at Blue River Partners,” says Mark Fordyce, CEO at Blue River Partners in a prepared… Read More >>
GFI Board Supports CME Group Acquisition
The board of directors for interdealer broker GFI Group, which has been courted aggressively by the CME Group and BGC Partners, will recommend that GFI stockholders at a rescheduled special meeting on Friday, Jan. 30, 2015 vote for the proposed merger with CME Group. The revised terms of the CME transaction have been approved by… Read More >>
ISDA Targets CCP Default Resolution
The International Swaps and Derivatives Association (ISDA) has issued a position paper setting out a proposed recovery and continuity framework for central counterparty (CCP) clearinghouses. The position paper, “CCP Default Management, Recovery and Continuity,” outlines a “framework for recovery and sets out tools that can be used to re-establish a matched book following the default… Read More >>
CFTC Okays WinJammer for Swap CCO Reports
The CFTC’s division of swap dealer and intermediary oversight (DSIO) reports that swap dealers and major swap participants may now submit their chief compliance officers’ annual reports to the CFTC through an online filing system, WinJammer, and do not need to use the commission’s own web portal. The Winjammer software was developed jointly by the CME… Read More >>
ICE’s IBA Launches Revamped ISDAFIX
Intercontinental Exchange (ICE) officials have announced that the ICE Benchmark Administration (IBA) will introduce a new calculation methodology for ISDAFIX, starting Feb. 16, 2015, marking a new era for the global benchmark for interest rate swaps. ISDAFIX represents the average mid-market swap rates for three major currencies: the Euro (EUR), British pound (GBP) and U.S…. Read More >>
Tim Lind: 2015 is the Make or Break Year for LEI
FTF News concludes its series on post-trade operations predictions for 2015 by interviewing industry veteran Tim Lind, the global head of financial regulation solutions at Thomson Reuters. Lind is also the 2013 recipient of the FinTech Innovator of the Year honor of the FTF News Technology Innovation Awards. Lind touched on several subjects but a… Read More >>
Bloomberg Helps Retrace the Path of a Swap Transaction
In the wake of the Great Recession, securities firms in the financial services industry have for years found themselves in a neck-and-neck race with regulatory reforms, struggling to make the changes necessary for compliance even as new measures continue to come online. While this scenario has been a nightmare for most firms, it’s been a… Read More >>
LME Taps ICE for New CTO
The London Metal Exchange (LME) has named John Lee as its new chief technology officer (CTO), officials say. Lee will join LME’s executive committee and will report to Garry Jones, LME’s chief executive, officials say. His appointment is effective Jan. 26, 2015. Lee has more than 22 years of technology experience at financial exchanges, as… Read More >>
Can Good Come from the Sins of Wall Street?
Thanks to the fines imposed upon Wall Street and insurance firms for their sins during the Great Recession, the New York State government has a $5.1 billion surplus for fiscal year 2016. New York Gov. Andrew Cuomo and other politicians in Albany are scrambling to sort out how to spend the windfall in the best… Read More >>
