A major provider of derivatives trading venues, CME Group and CloudMargin, a collateral management services provider, are offering CME Clearing and CME Clearing Europe clients a cloud-based option to facilitate collateral management. “This is a way to outsource the technology used to manage collateral,” says Karl Wyborn, managing director, global head of sales, CloudMargin, in… Read More >>
Misys Uploads Its Wares to the Cloud
Financial services and systems vendor Misys is moving its wares to the cloud and will be changing the way it charges for its offerings. The vendor has just launched Misys FinCloud, a cloud computing channel for the vendor’s major business lines, including retail banking, corporate banking, treasury and capital markets and investment management, says Alan… Read More >>
Q&A: How AML Services Got to the Cloud
It’s significant that cloud computing/software as a service (Saas) technology is now supporting the anti-money laundering (AML) wares of NICE Actimize. The industry has a new trust in cloud-based offerings, and that extends to AML, says Cenk Ipeker, head of the Actimize cloud unit at NICE. Ipeker oversees the offering of traditional products via the… Read More >>
CloudMargin Sharpens Collateral Optimization Capabilities
CloudMargin, a provider of web-based collateral and margin management services, reports that it has improved its collateral optimization capabilities to better serve the clearing needs of securities firms. The enhanced optimization combines CloudMargin’s capabilities to source inventory “on a client’s behalf direct from custodians via CloudMargin’s own SWIFT membership,” vendor officials say. Cloud-based collateral management… Read More >>
GreenKey and Symphony to Test App for Capturing Voice Quotes
Symphony to Integrate Greenkey App into Messaging Startup GreenKey, creator of “an extremely thin web application” for voice-based collaboration among financial services firms, is releasing a pilot version of a “voice quote capture” application. It will be available for enterprise clients of messaging vendor Symphony Communication Services for a pilot test, say officials from both… Read More >>
Hosting is a Serious Business: Fiserv
(Editor’s note: Many securities firms are embracing the hosted option be it a cloud-based offering, an application service provider (ASP) model or a “something-as-a-service” implementation. While much is made about the hands-off aspects of these hosted situations, operations staff members still have a lot of interactions with third-party suppliers. Tirdad Shojaie, senior vice president, product… Read More >>
NICE Actimize System Offers Cross-Asset Surveillance
Risk and compliance vendor NICE Actimize has launched a “compliance-as-a-service” cloud-based offering that promises to provide surveillance capabilities across multiple asset classes. The new Actimize Cross-Asset Cloud Markets Surveillance solution will also offer case management capabilities to help financial services firms formulate their enterprise-wide scans for risk, vendor officials say. “Cross asset is extremely important… Read More >>
R3 Enlists 40 Banks in Fixed Income Blockchain Trial
The R3 distributed-ledger consortium, also known as R3Cev, has completed what it calls a successful trial of “five distinct blockchain technologies in parallel in the first test of its kind.” The trial “represented the trading of fixed income assets between 40 of the world’s largest banks across the blockchains, using multiple cloud technology providers within… Read More >>
Amazon Web Services to Support Key Markit Systems
Markit Signs On for Amazon Web Services A provider of data services and systems, Markit has adopted the low-rent cloud computing support of Amazon Web Services (AWS) to support “Markit products and services including enterprise data management (EDM), thinkFolio, WSO, indices and processing,” according to Markit officials. Markit EDM and WSO customers across North America… Read More >>
RFA Shatters Hardware Bottlenecks for Funds’ Transactions
A variety of securities firms such as hedge funds, private equity funds, funds of funds, wealth managers and alternative asset managers use private cloud services and on-demand, hosted infrastructure-as-a-solution (IaaS) options. Whether systems are hosted or onsite, the reliability of the underlying hardware is essential for the lightning speeds required for everything from execution to… Read More >>
