The push to be ready for the next phase of the Markets in Financial Instruments Directive (MiFID II) reforms is not the only European regulatory initiative that global firms have to worry about. On November 1, firms face a deadline to comply with the revised reporting specifications (RTS) required by the European Securities and Markets… Read More >>
Microsoft’s Azure Supports UBS Risk Mitigation
UBS officials are acknowledging that they are using the Microsoft Azure cloud computing service to support risk management efforts, and will use Azure technology for a wider digital transformation. The bank needs to increase the agility and scalability of its technology infrastructure, which key to the bank’s strategy, says Paul McEwen, UBS Group head of… Read More >>
Jupiter Asset Management Uses the Cloud for NAV Oversight
U.K. fund management firm, Jupiter Asset Management, went live this past October with a cloud-based platform from the Milestone Group that automates the collection of fund valuation data and the independent verification of daily net asset value (NAV) prices, officials say. The move to the Milestone system, pControl Oversight, was driven by a spike in… Read More >>
SGBT to Implement Duco Cube’s Hosted Services
Societe Generale Bank & Trust (SGBT) will be using a data management platform from Duco to automate securities, cash and internal system-to-system reconciliations processes, according to bank and vendor officials. SGBT, a Luxembourg-based subsidiary of Societe Generale, will be using the Duco Cube hosted platform “to control complex data using light-touch, self-service technology,” according to… Read More >>
SEI Picks Milestone Group Platform for OCIO Business
SEI, a provider of asset management and investment operations solutions, has decided to use a multi-asset software platform from the Milestone Group to bolster its outsourced chief investment officer (OCIO) efforts. OCIO services vary by provider and can include: asset allocation advice; manager monitoring, research and selection; trust and custody services; and administration services, according… Read More >>
BT to Bring UC Solutions to the Trading Room
In an odd marriage of old and new world technologies, BT may soon be mixing telephony with unified communications. Trading rooms where special phones — known as turrets — are used by humans to complete transactions will likely be integrated with 21st century unified communication and collaboration technologies via BT’s pending acquisition of IP Trade… Read More >>
Convergex to Deploy AWS-Based Ancoa Monitoring
Ancoa’s Platform Relies Upon Amazon Web Services (AWS) Convergex, an agency global brokerage, is using the market surveillance platform from vendor Ancoa to monitor trading activity across its domestic U.S. and international cash equities and options brokerage businesses to bolster compliance with U.S. and international market abuse regulations. The cloud-based deployment uses Amazon Web Services (AWS),… Read More >>
CME Gets New View into its Cloud via Gigamon
(Editor’s note: A self-described traffic visibility solutions provider, Gigamon is working with the CME Group, which is a collection of derivatives marketplaces, to deploy the Gigamon Visibility Platform on Amazon Web Services (AWS). The Gigamon solution offers visibility into data-in-motion within the exchange’s Virtual Private Cloud (VPC) deployed via AWS. The Gigamon Visibility Platform helps… Read More >>
Risk Focus Shifts Regulatory Wares to Subsidiary
Risk Focus Launches ‘RegTek Solutions’ Financial technology vendor Risk Focus has launched RegTek Solutions Inc., a wholly-owned subsidiary that will serve as the new home for the Report-it control and compliance software for global trade and transaction reporting. The Report-it group includes Validate.Trade, Reportable.Trade, Load.Trade and later this year, Reconcile.Trade, Risk Focus officials say. “Moving… Read More >>
InvestCloud Buys Babel Systems for $20 Million
Los Angeles-based fintech upstart InvestCloud Inc. is acquiring London-based Babel Systems Ltd. for $20 million and plans to link its digital platform to Babel’s trading and accounting capabilities. InvestCloud’s digital platform targets wealth managers with client portals, mobility and advisor portals, and offers allocators (multi-family offices, pensions and endowments), and managers of multi-asset-class, multi-strategy portfolios… Read More >>
