As securities firms move toward the new Nirvana of digital transformation, the result will be an acceleration of staff cuts resulting in “an enormous reduction in staff with more than 400,000 full-time employees lost by 2030,” according to a report from market research firm Opimas. In fact, asset management firms may see the greatest impact,… Read More >>
SEC Puts Industry on Notice for 2016 Exams
Liquidity controls, public pension advisers, product promotion, exchange-traded funds and variable annuities are on the SEC’s radar as far as issues that have risen to the top for the regulator’s examination priorities in 2016. Through the Office of Compliance Inspections and Examinations (OCIE), the SEC is setting priorities for the new year, and in addition… Read More >>
Kx Systems Appoints Global Market Strategist
Specialist database and time-series analytics vendor Kx Systems has appointed Mark Sykes as its global market strategist, officials say. In his new role Sykes will be focused on broadening “the application of the kdb+ database solution within financial services and into other markets,” according to a company statement. “I’ve worked closely with kdb+ over the… Read More >>
Data Boiler Taps Goldman Sachs for CTO
Data Boiler Technologies reports that former Goldman Sachs Executive Director Homer Cheng has joined the firm as chief technology officer (CTO). At Goldman Sachs, Cheng, who is based in California, “managed business critical applications and was part of the global management team for investment banking technology,” according to a Data Boiler statement. “His areas of… Read More >>
Xenomorph’s TimeScape to Support Python Language
Xenomorph, the analytics and data management vendor, has integrated the Python open source scripting language into its TimeScape cross-asset data management platform. The Python programming language is cross-platform, easy to use and highly readable, say Xenomorph officials. It offers object-oriented scripting, which has made it attractive for use with cutting-edge applications developed at Carnegie Mellon… Read More >>
ISS Purchases Incentive Lab
Corporate governance solutions provider Institutional Shareholder Services (ISS) has acquired Incentive Lab, a data and analytics vendor developing products aimed at addressing the increased complexity and unpredictability of executive compensation, according to a company statement. Established in 2009 and based out of Scottsdale, Ariz., Incentive Lab’s solutions offer detailed and comparable data on incentive awards,… Read More >>
RavenPack Boosts Reach of News Analytics System
RavenPack, a provider of real-time financial-news analysis services, has unveiled its News Analytics (RPNA) 4.0., an upgrade that improves upon previous versions by being able to survey nearly twice the amount of market-moving events, officials say. The new iteration enables “quantitative analysts and data scientists to accelerate the discovery of relationships between news and financial… Read More >>
