Cloud-based collateral management technology vendor CloudMargin reports that it is first such provider to join the SWIFT cooperative, a step that may help the company make its case to firms considering low-touch solutions to meet the non-cleared derivatives margining rules to come. By working with SWIFT, CloudMargin will adopt SWIFT connectivity and standards, says Keith… Read More >>
DTCC Wants to Guide Blockchain’s Future in Ops
The DTCC is embracing with qualifications Blockchain distributed ledger technology and is signaling that settlement may be “an ideal long-term target” if the new technology can mature and scale under the tutelage of the post-trade infrastructure utility provider, which says it “is uniquely positioned to help implement this technology and increase its adoption.” DTCC officials… Read More >>
Wipro to Acquire Viteos Group for $130 Million
Wipro Ltd., a Bangalore, India-based IT management, consulting and business process services (BPS) company, reports that it has agreed to acquire Viteos Group, a business-process-as-a-service (BPaaS) provider for the alternative investment management industry. The acquisition is meant to add the buy-side capabilities of Viteos to Wipro’s existing sell-side credentials, according to a Wipro statement. Viteos,… Read More >>
Firms Risk Falling Behind the New Rules of Collateral
(Securities firms are just beginning to recognize that they have to adapt to the new rules of collateral requirements, according to market research firm Finadium, based in Concord, Mass. The firm recently released a report on the subject, “Service Providers in Collateral Management 2015: A Finadium Survey,” based upon an industry-wide survey of companies offering… Read More >>
New Collateral Management, Margining Rules to Sting as Regulation Takes Hold
Securities firms are going to feel over the coming months multiple stings of regulation via Dodd-Frank, the EU’s European Market Infrastructure Regulation (EMIR) legislation and Basel III that will cause collateral management and margining requirements and calls to skyrocket. So says industry veteran Ted Leveroni, chief commercial officer for DTCC-Euroclear GlobalCollateral Ltd., a joint venture… Read More >>
European Regulator Pushes for More OTC Margin and Collateral Requirements
(Editor’s note: This is the second installment in FTF News’ two-part news analysis [click here to read part one] on the changing regulatory environment for derivatives trading and processing in Europe.) The European Securities and Markets Authority (ESMA) is urging more collateral and margin management requirements as detailed in a recently published set of recommendations… Read More >>
Firms Battle Black Mondays and ‘Monstrous Spikes’
Caution was the mantra for most securities firms as global markets are still roiling in reaction to China’s economic woes and the sudden devaluation of its currency. As for the impact on post-trade operations, the crashing and soaring volumes are straining firms that rely too heavily on staff and manual systems for processing, especially as… Read More >>
SimCorp Dimension Upgrade Widens Views Across Ops
Investment management systems and services vendor SimCorp has updated its enterprise solution SimCorp Dimension, release 5.8, and is including new support for the back office, a performance analysis manager, tighter integration with MSCI’s RiskMetrics and the introduction of a manager for investment book of record (IBOR) models, officials say. The back office module will allow… Read More >>
New Securities Lending Regime Spurs Rejection & Acceptance
Securities lending is changing, as new regulatory pressures cause firms to reevaluate whether the activity — formerly a safe, easy way to make a few basis points — is still worth the trouble, according to a new report from securities finance and asset servicing consultancy Finadium, based in Concord, Mass. Interestingly, asset managers are responding… Read More >>
Lombard Risk Spotlights Colline Wins
London, England-based Lombard Risk Management, a provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, reports that its collateral management, clearing, inventory management and optimisation solution — called Colline — has tallied a “significant number of sales and ‘go-lives’ in the past few months.” Specifically, Lombard Risk notes that… Read More >>
