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 >>
S&P Global to Sell QuantHouse
S&P Says a QuantHouse Founder Is the Buyer S&P Global has entered into a definitive agreement to sell Quant House SAS (QuantHouse) to a company owned by Pierre Feligioni, one of QuantHouse’s original founders, according to S&P Global officials, who decline to disclose terms of the transaction were not disclosed. QuantHouse offers trading solutions such… Read More >>
Convergex Names Ops and Strategic Planning Head
Convergex Names Ops and Strategic Planning Head New York-based Convergex, an agency-focused brokerage and trading-related services provider, reports that Jason Emerson has been named managing director and head of operations and strategic planning. In this new position, he will be “responsible for overseeing the firm’s global operational initiatives,” according to a statement, which notes also… Read More >>
Cowen Group, Convergex and CME Europe Bolster Their Staffs
Cowen Group Adds Equity Salespersons and Equity Trader Cowen Group, Inc. reports that Brian Fitzgerald and Todd Bertsch, two veteran equity salespersons, and David Hartnett, a veteran equity sales trader, have joined Cowen and Company’s equity sales and trading team. All three are based in New York. Fitzgerald and Bertsch report to Philip Cushman, Cowen’s… Read More >>
Liquid, ConvergEx Unit Partner for Outsourcing
Liquid Holdings Group, which services hedge funds via the cloud, and a ConvergEx prime brokerage and clearing services unit have signed a joint, non-exclusive marketing agreement that will allow each to recommend the other’s offerings to clients that want to cut costs via outsourcing. “Organizations are looking to reduce their costs and reduce their points… Read More >>
Founder and CEO of Information Mosaic Steps Down as ConvergeX Picks a CIO
John Byrne Steps Down as CEO of Information Mosaic The founder of Information Mosaic John Byrne has stepped down from the post of CEO for the post-trade services provider in order to make way for a new CEO, confirms Gerard Bermingham, senior vice president, business strategy for Information Mosaic.John Byrne,former CEO,Information MosaicByrne, who has served… Read More >>
Marianne Brown to continue as head of Omgeo as the DTCC buys out Thomson Reuters
Marianne Brown will stay on as president of Omgeo as the DTCC buys out Thomson Reuters Marianne Brown will continue to serve as president and CEO for Omgeo as the DTCC begins its acquisition of the other half of the post-trade services provider from market data and news giant Thomson Reuters, ending a 50-50 partnership… Read More >>
Broadridge and Scivantage Tackle TARP III as SS&C Updates GoWire
Broadridge and Scivantage to Take on TARP III Broadridge Financial Solutions clients will gain access to the Maxit tax lot accounting system for cost-basis reporting from Scivantage, according to a strategic partnership targeting financial services firms that need help with so-called TARP III compliance, say officials from both companies. In April, the Internal Revenue Service… Read More >>
Sabby Management Retains SS&C as Mizuho Units Tap Wolters Kluwer for Basel III Support
Sabby Management Sticks With SS&C GlobeOp About two years ago, Sabby Management found itself in a tight spot. The hedge fund had a month to find a fund administrator for two new funds, says Robert Grundstein, chief operating officer and general counsel for the firm. Sabby was launching two healthcare sector fund complexes for September… Read More >>
