The CFTC has approved for public comment a proposed rulemaking that could ease swaps reporting requirements for some counterparties, officials say. The proposed rule would reduce reporting and record-keeping requirements for “trade option counterparties that are neither swap dealers nor major swap participants (Non-SD/MSPs), including commercial end-users that transact in trade options in connection with… Read More >>
Bank of the West Deploys OpenLink Findur
Financial and energy trading and risk management vendor OpenLink has announced that Bank of the West has implemented OpenLink’s Findur solution for its capital markets and treasury operations, officials say. The implementation at Bank of the West, a subsidiary of the BNP Paribas Group, included “a number of workflows to automate and facilitate both pre… Read More >>
GFI Launches Platform for ‘Odd Lot’ Corporate Bonds
Interdealer broker GFI Group reports that it has launched a dealer-to-dealer electronic trading platform for so-called odd lot corporate bonds in the U.S., officials say. An “odd lot,” whether of a stock or a bond, is generally defined as a smaller trade such as those that are fewer than 100 shares of a stock. “Odd… Read More >>
Deutsche AWM Goes Live with Eagle Solution
Vendor Eagle Investment Systems, a subsidiary of BNY Mellon, reports that its data management solution has gone live at Deutsche Asset and Wealth Management, where it will support the firm’s EMEA and Asia-Pacific operations, officials say. “Deutsche AWM, with €1.039 billion of assets under management (AUM), is among the 10 largest bank-owned asset and wealth… Read More >>
Can Scandal Spur Global Regulatory Harmony?
Something surprising appears to be underway behind two major financial crime stories that broke over the past several weeks – regulators and law enforcement officials domestically and internationally can work together for positive results. To recap, a coalition of sorts joined forces to bring in alleged “Flash Crash trader” Navinder Sarao, a British futures trader…. Read More >>
Fort Worth Regional Director Leaving SEC
The SEC reports that David Woodcock, regional director of the Fort Worth, Texas office since 2011 and head of the SEC enforcement division’s nationwide financial reporting and audit task force, is leaving the commission later this spring. As regional director, he currently oversees a region that includes Texas, Oklahoma, Arkansas, and Kansas. Woodcock “helped form… Read More >>
Bernanke Named Pimco Senior Advisor
The Pacific Investment Management Co., the investment management firm also known as Pimco, reports that Ben Bernanke, former chairman of the Federal Reserve, will serve as a senior advisor to the firm. It’s the second reported consulting arrangement in recent days for the man who led the Fed through the Great Recession. Bernanke also signed… Read More >>
Industry Vet Joins Trendrating as North American Sales Head
Factor analytics vendor Trendrating has hired John Coulter as its new managing director of North America covering sales, marketing and client service, officials say. In his new role, Coulter will be responsible for “product positioning and driving the company’s North American go-to-market strategy,” according to a company statement. He will report to Rocco Pellegrinelli, Trendrating’s… Read More >>
SmartStream Launches Office in Saudi Arabia
Reconciliation vendor SmartStream has opened a new office in Riyadh, Saudi Arabia, in a bid to cement its presence in the Middle Eastern market, officials say. After successful efforts to centralize its operations in the Middle East at its Dubai office, “SmartStream has experienced unparalleled growth, necessitating the launch of this newest office,” according to… Read More >>
EU’s T+2 Move Exposes LEI, Regulatory Challenges
Most industry observers say the initial move to a shorter, trade date plus two business days (T+2) settlement cycle went smoothly in Europe last year and a recent survey by post-trade systems and services provider Omgeo mostly confirms this assessment. However, the report also finds that more progress is needed for the wider usage of… Read More >>
