The board of directors for interdealer broker GFI Group, which has been courted aggressively by the CME Group and BGC Partners, will recommend that GFI stockholders at a rescheduled special meeting on Friday, Jan. 30, 2015 vote for the proposed merger with CME Group. The revised terms of the CME transaction have been approved by… Read More >>
CFTC Okays WinJammer for Swap CCO Reports
The CFTC’s division of swap dealer and intermediary oversight (DSIO) reports that swap dealers and major swap participants may now submit their chief compliance officers’ annual reports to the CFTC through an online filing system, WinJammer, and do not need to use the commission’s own web portal. The Winjammer software was developed jointly by the CME… Read More >>
Mizuho Unit Goes Live With GoldenSource EDM
Mizuho International, a subsidiary of one of the largest financial institutions in Japan, has gone live with enterprise data management (EDM) vendor GoldenSource’s GoldenSource EDM platform, officials say. Mizuho is using the platform for client and counterparty management to support its trading, risk and compliance functions of its investment banking business across its London operations…. Read More >>
SEC Adopts Rules for Security-based Swap Repositories
The SEC has adopted rules that will require security-based swap data repositories (SDRs) to register with the regulator, and will prescribe reporting and public dissemination requirements for security-based swap transaction data, officials say. This is not the culmination of rules for reporting of security-based swaps, but only the start. The SEC has regulatory authority over… Read More >>
Abacus Group Opens Los Angeles Office
After a record year in 2014 driven largely by its AbacusFLEX private cloud solution, Abacus Group, a financial IT services provider, will open a new office in Los Angeles, according to a statement from the vendor. Abacus added 60 clients last year and saw growth in its other managed services and hosted solutions, officials say…. Read More >>
CME Group Launches Education Platform
CME Group, the multi-exchange derivatives marketplace, reports that it has the launched the Futures Institute, an online platform for futures education, trading simulation and market research. “The Futures Institute offers a blend of live instruction, interactive training modules, market research and training,” CME Group says in a statement. “The Futures Institute works with partners across… Read More >>
SEC Sets Exam Priorities for 2015
SEC officials will focus their exams in 2015 on retail investors, market-wide risks and data analytics to uncover illegal activity, according to the Office of Compliance Inspection and Examinations (OCIE). The priorities for exams this year will be “protecting retail investors, especially those saving for or in retirement; assessing market-wide risks; and using data analytics… Read More >>
Eaton Vance Picks SimCorp for Client Reporting
SimCorp, a provider of investment management solutions and services for the financial services industry, reports that Eaton Vance Management, an investment management firm, has opted to make SimCorp’s Coric the new client reporting and communications platform for both its own operations and for its “majority owned affiliates,” including Parametric and Atlanta Capital Investment Managers. Eaton… Read More >>
SIFMA Tech Show in Limbo?
Sometimes interesting things fall into your lap and that’s the case with a bit of news about the future of the SIFMA Tech conference. It appears the future of the venerable technology management show of the Securities Industry and Financial Markets Association is in a state of flux. I reached out to SIFMA’s public relations… Read More >>
UBS Securities Expands DMA via Orc
UBS Securities has extended its broad usage of derivatives technology vendor Orc’s Electronic Execution solution to facilitate direct market access to the Australian Stock Exchange (ASX) and the Chicago Mercantile Exchange (CME), officials say. The UBS group has used Orc solutions to deliver on their customer’s DMA requirements since 2007, according to UBS and vendor… Read More >>
