Chicago-based futures brokerage and clearing firm, R. J. O’Brien & Associates (RJO) has gone from manual reconciliation to a hosted system that has allowed staff members to leapfrog into automation, even shrinking one process from a tedious 48-hour effort to minutes, says Jamal Oulhadj, senior managing director and chief risk officer of RJO. Since last… Read More >>
Industry Vet to Head SS&C Unit focused on Private Capital
SS&C Technologies, a provider of fintech software and software-enabled services, reports the creation of a new business unit focused on the private capital market, and the appointment of Bob Shepro as senior vice president, responsible for heading the new unit. The appointment reunites Shepro with SS&C, “where he previously headed product strategy in the late… Read More >>
361 Capital Hires Marketing Exec
Mutual fund provider 361 Capital, which specializes in liquid alternatives, has hired Daniel C. Cascarano as its new vice president of national accounts and institutional sales, officials say. In his new role, Cascarano will “lead 361 Capital’s efforts in cultivating key account relationships across institutional and intermediary channels,” according to a company statement. “With volatility… 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 >>
AIM Software Bolsters Sales Efforts in Europe, North America
AIM Software, an enterprise data management (EDM) solutions vendor, has appointed Ben Hopcroft to the post of director of sales for the U.K., The Netherlands and the Nordic Markets. The appointment follows shortly after the announcement that Marco Sablone, the former director of sales and marketing at Joss Technology, has joined the sales organization for… Read More >>
Hedgie CFOs Worry Over EU’s Push to Split Research, Commissions
As European authorities consider a “hard unbundling” of research payments from commissions, a majority of chief financial officers (CFOs) at hedge funds recently polled by execution broker and research provider ITG say they would prefer to segregate the accounts of their European clients and use commission sharing agreements (CSAs) for their non-European clients. ITG surveyed… Read More >>
‘Joss offerings will be integrated with AIM’s suite’
AIM Software, based in Vienna, Austria, is completing its acquisition of New York-based entity data management vendor Joss Technology, according to Olivier Kenji Mathurin, head of product marketing and research for the data management vendor. Joss Technology is the maker of the Entity Data Management System (EDMS), the “entity master” that uses a fuzzy logic… Read More >>
ISDA Endorses Semiannual Single-Name Credit Default Swaps
Derivatives industry group the International Swaps and Derivatives Association (ISDA) is officially urging that the single-name (single company) credit default swap (CDS) roll protocol frequency be changed from a quarterly to a semiannual basis, officials say. In a prepared statement, ISDA officials say the change is in response to market feedback and is aimed at… Read More >>
Advisors, Institutional Investors Diverge on Alternatives
A new survey by Barron’s and market research firm Morningstar has revealed some slippage between how financial advisors and large institutions view alternative investments, officials say. “Financial advisors are increasingly enthusiastic about alternatives just as institutions are becoming more cautious,” says Josh Charlson, chartered financial analyst (CFA), director of manager research for alternative strategies at… Read More >>
Caceis Fills U.K. Business Development Director Post
Caceis, an asset servicing banking group for institutional and corporate clients, has named Owain McNeill business development director for United Kingdom clients, officials say. McNeill reports to Annie Blouin, head of regional coverage for North America, U.K. and Ireland, according to a Caceis statement. McNeill, who will manage the teams in charge of U.K. sales activity, is “responsible… Read More >>
