Back-office financial technology vendor Electra Information Systems reports that it has opened an office in St. Petersburg, Fla., to provide itself with more options for operations, and to provide its clients with more business continuity planning and disaster recovery (BCP/DR) support. Andy Gnibus, Electra’s manager of data services, will oversee the office, which will initially… Read More >>
ISDA Fills Out Determinations Committees
The International Swaps and Derivatives Association (ISDA) has announced the members of its five regional Determinations Committees (DCs), which comprise the global decision-making structure around events in the credit default swap (CDS) industry, according to ISDA. “The DC process was set up as part of a series of measures to make the credit derivatives market… Read More >>
Partnership Brings Algorithms to SS&C Clients
Financial software vendor SS&C Technologies has partnered with Brazilian electronic trading vendor Americas Trading Group (ATG) to provide algorithmic trading strategies to customers of SS&C’s MarketTrader order management system (OMS) and FIXLink electronic trading community, officials say. ATG has 35 local sponsoring brokers across Latin America and provides multi-asset algorithms optimized for local market execution…. Read More >>
Hearsay Unveils Apps for Surveillance Suite
Social media compliance vendor Hearsay Social has unveiled new mobile applications for iPhone and Android that will link clients to Hearsay’s Predictive Social Suite, according to a company statement. Hearsay is a privately held, San Francisco-based provider of software-as-a-service predictive technologies that enable financial advisors and insurance agents to “identify opportunities” and “engage with their… Read More >>
Gresham Computing Takes On Transaction Reporting
City of London-based Gresham Computing plc, a provider of transaction control solutions, reports the launch of Clareti Transaction Control (CTC) Transaction Reporting. The CTC Transaction Reporting solution allows a financial institution to “verify and validate that trades reported to trade repositories comply with the requirements of regulations for eligible trades under Dodd Frank, EMIR, REMIT,… Read More >>
ISITC to Join the T+2 Push in the U.S.
The push for a shortened settlement cycle in the U.S. will be a key part of the agenda for the International Securities Association for Institutional Trade Communication (ISITC) during 2015, says Jeffrey Zoller, the chair of the trade processing standards group. In the U.S., the securities industry settles trades in equities and certain debt securities… Read More >>
Standard Chartered’s IT Chief from Daimler
Standard Chartered has appointed a physicist and engineer from Daimler AG, Dr. Michael Gorriz, to be the group chief information officer, with his term to start in the third quarter of this year, official say. Gorriz, who will be based in Singapore, will report directly to Bill Winters, the incoming group CEO. At Daimler, Gorriz… Read More >>
Sapient, Capco Vet Joins SimCorp for Top Sales Post
Investment management systems vendor SimCorp has hired Scott Johnson, formerly of the financial consultancies Capco and Sapient Global Markets, as a vice president and head of sales for North America, officials say. In his new role, Johnson will be responsible for heading up a team of sales professionals and product specialists. He will be based… Read More >>
BNY Taps Citi for Head of Corporate Trust Unit
BNY Mellon has hired Kathleen Scott from Citigroup to head a “newly created role to lead the corporate and insurance activities within [the bank’s] Corporate Trust business in the U.S.,” according to a company statement. In her new role, Scott will be responsible for all aspects of sales, business development and client relations at the… Read More >>
Liquid Holdings Shuffles Executives
New York City-headquartered Liquid Holdings Group, a provider of a software-as-a-service-based (Saas) solutions for the investment management community, reports three senior executive management changes, effective immediately. They are: CFO Peter Kent has been promoted to CEO, succeeding Brian Storms, who will become the company’s vice chairman, providing “advice and counseling in the areas of sales,… Read More >>
