Ancoa, a London-based provider of contextual surveillance and analytics for exchanges, regulators, buy- and sell-side firms, reports that Linear Investments, a UK investment manager, has deployed Ancoa’s market surveillance and analytics capabilities for its execution and trading platforms, officials say. “With market surveillance being a top priority in the regulators’ mind, and the new Market… Read More >>
DTCC to Use Risk Focus Product
Risk Focus, a New York City-based provider of trading, risk and cloud-enabling solutions for capital markets, reports that the post-trade systems provider DTCC will employ the Risk Focus Validate Trade engine internally, aiming to enhance its pre-user acceptance testing for the Global Trade Repository service of the DTCC. These steps are in advance of the… Read More >>
Buy Side Wants More Light in Dark Pools: Report
There’s widespread dissatisfaction with the level of transparency at dark pools among asset managers and hedge funds, according to a new report by market research firm, the Tabb Group. Roughly 72 percent of the head traders at 92 asset managers and hedge funds polled by Tabb researchers said they were “dissatisfied with transparency levels in… Read More >>
Fidessa Rolls Out Analytics for Derivatives
FinTech vendor Fidessa has just launched a new order analytics service for derivatives transactions, officials say. Fidessa’s Order Analytics aims to provide “greater precision to the control and measurement of derivatives [algorithms],” a company statement says. The service is fully integrated with Fidessa’s global futures and options trading platform, which will enable users to monitor… Read More >>
SunGard Launches Utility for OTC Clearing
Financial technology and services giant SunGard has launched its Post-Trade Derivatives Utility with Barclays as its anchor customer and is targeting futures commission merchants (FCMs) that need alternative services support, officials say. SunGard’s utility offers support for derivatives clearing operations and technology services for trade clearing, trade lifecycle management, margin processing, brokerage, reconciliation, data management… Read More >>
MarginSphere 2 Targets OTC Margin Flow Surge
Margining automation vendor AcadiaSoft is targeting MarginSphere 2, the first major upgrade to its flagship platform, at easing the burden of compliance with new margining regulations coming down the pipeline for non-centrally cleared derivatives, officials say. First released in 2009, MarginSphere is an electronic margining platform for over-the-counter (OTC) derivatives that automates the margining process…. Read More >>
CastleOak Securities Hires MD from Deutsche Bank
Boutique investment banking firm CastleOak Securities has hired Rick Carr as a senior managing director and co-head of sales and trading, officials say. In his new role, Carr will report to David R. Jones, president and CEO of CastleOak, and he will be focused on “building the firm’s fixed income business and team nationally, with… Read More >>
Gresham Computing’s New CEO from SAS Institute
Reconciliation vendor Gresham Computing has appointed Ian Manocha as its new CEO, officials say. Manocha will be based in London and tasked with executing “on the firm’s ambitious and strategic global growth rates,” according to a company statement. Chris Errington, who previously held the CEO post at Gresham, is stepping down in light of Manocha’s… Read More >>
Polish CCP Clears First OTC Trades
Polish clearinghouse KDPW_CCP has cleared the first over-the-counter (OTC) trades denominated in Polish zloty (PLN) between Citi Handlowy and mBank, officials say. The launch of KDPW_CCP’s OTC derivatives and repo clearing service was mandated by the European Market Infrastructure Regulation (EMIR), according to which all OTC trades of certain derivatives must be cleared by an… Read More >>
Q&A: ‘Custom Integration Can Be Resource-Intensive’
Kevin Carter, the chief technology officer (CTO) for the New York-based Dialectic Capital Management, gave a presentation on vendor management at FTF’s SecOps USA 2015 conference in New York this week. His session, “Multiple systems, One Enterprise: Integrating Many Vendors into Your Operations Team,” focused on the challenges of managing multiple vendors in increasingly complex… Read More >>
