Tora, a provider of trading technology services, reports the release of a stock borrow management solution integrated with prime broker eLocate platforms. The eLocate feature also is integrated with Tora’s allocation engine, which can distribute borrow across different accounts with different prime brokerages, according to a Tora spokesperson. The solution enables clients to transform an… Read More >>
FBN Securities Picks SS&C’s MarketTrader
SS&C Technologies, a provider of financial services software and software-enabled services, reports that its MarketTrader will be FBN Securities’ order management system (OMS). In a statement SS&C, founded in 1986, characterizes FBN, established in 1983, as a “boutique institutional brokerage firm, which provides its clients with a variety of services including equity and derivative execution,… Read More >>
Wall Street and Silicon Valley Fight for Talent
You might want to add Paul Revere of Wall Street to Jamie Dimon’s other titles, but it’s not the British invasion that the chairman, president and CEO of JPMorgan Chase recently warned about. “Silicon Valley is coming,” he declared in his April 8 annual letter to shareholders. “There are hundreds of startups with a lot… Read More >>
S&P Capital IQ Names Head of CUSIP Global Services
CUSIP Global Services (CGS), which produces identifying instruments and entities for the capital markets, has announced that Scott Preiss, currently CGS’s vice president and chief operating officer (COO), will replace Jim Taylor as head of the organization when he steps down on July 1. CGS is owned by S&P Capital IQ, which is itself owned… Read More >>
ICAP SVP to Focus on New Fixed Income Products
Interdealer broker ICAP has appointed Ted Bragg to be its senior vice president of fixed income product initiatives in the ICAP US Securities group effectively immediately, officials say. In his new role, Bragg will be based in New York and will be responsible for “creating and developing new hybrid fixed income products for ICAP’s US-based… Read More >>
Do You Want a Robot Writing Your Reports?
Much has been made in the mainstream media about software systems that can take lots of data (previously gathered via tedious methods) and create a wide range of prose from nonfinancial news to reports about the performance of funds. FTF News was so intrigued that we’ve put together a special report on the subject, “Will… Read More >>
DTCC Targets Internal Account Transfers for Alt Investments
The DTCC, a post-trade services and systems utility provider, reports the launch of its alternative investment products (AIP) service, a new capability within its wealth management services (WMS) business to streamline the processing of internal account transfers for alternative investments. With the AIP service, “market participants can now fully automate account transfers for non-traded real… Read More >>
Broadridge Acquires Business Unit from Thomson Reuters
Broadridge Financial Solutions has signed an agreement to acquire the Fiduciary Services and Competitive Intelligence unit from Thomson Reuters Lipper. Broadridge will integrate the Lipper capabilities within its mutual fund and retirement business, officials report. The Lipper business unit offers global market intelligence for fund industry flows by country and distribution channel, Broadridge officials say…. Read More >>
BNY Mellon Promotes for CEO of Wealth Management
BNY Mellon, an investment management and investment services provider, has promoted Donald J. Heberle to be the new CEO of BNY Mellon Wealth Management, succeeding current CEO Lawrence Hughes who is retiring on June 30, officials say. Hughes, who is leaving after 24 years with BNY Mellon, will continue with BNY Mellon in an advisory… Read More >>
Daiwa Capital Markets Deploys Torstone for Hong Kong
Daiwa Capital Markets Hong Kong, the investment banking arm of Daiwa Securities Group, has gone live with securities and derivatives processing software vendor Torstone Technology’s Inferno post-trade processing platform, officials say. The switch marks “the latest phase of a long-term collaboration to implement best-of-breed back-office technology across multiple asset classes at Daiwa HK,” according to… Read More >>
