Enterprise technology vendor Relationship Science has appointed FinTech veteran Jon Robson as its new CEO, officials say. At the same time, Relationship Science also announced the close of a Series D $31 million funding round, which included an investment by TABLE Holdings, an affiliate of Bill Ackman. All in all the funding round “includes a… Read More >>
Broadridge Offers Service to Bring Down Trade Expenses
Broadridge Financial Solutions launched a managed service offering at the Sifma Ops 2015 conference that targets the cost of trading in a bid to help securities firms streamline and automate trade expense management, officials say. The new managed service capability for trade expense analytics, standardization and process optimization is an extension of Broadridge’s Revport revenue… Read More >>
Torstone Module Targets International Trade Flow
Torstone Technology released in time for the Sifma Ops 2015 conference “a lightweight instance” of its flagship post-trade securities and derivatives processing system, Inferno, that can be used as a complementary add-on for managing international transactions, says Jonny Speers, global head for sales and business development for the back-office systems vendor. The Inferno system supports… Read More >>
What is the ROI for Regulatory Compliance?
Today, April 15, is the day when all Americans get a taste of what it’s like to comply with a regulatory deadline. This is the day that all personal income taxes are due to the Internal Revenue Service (IRS). Of course, extensions can be requested but every American is required by law to pay taxes…. Read More >>
Ergon Picks One Tick Data Management Platform
OneMarketData, a Hoboken, N.J.-based provider of software and data for the financial industry, reports that Austin, Texas-based Ergon Capital Management, which builds market technology solutions and quantitative trading models, has picked OneTick, OneMarketData’s flagship product, as its tick data management platform, tracking and analyzing price changes as a security is traded. OneTick’s “analytical tools will… Read More >>
Liquid Holdings Updates Key Products
Cloud-based investment management solutions vendor Liquid Holdings has rolled out new several new features, such as portfolio analytics reports and redesigned dashboards, for its LiquidMobile and LiquidTrade products, officials say. LiquidTrade is the vendor’s broker-neutral order and execution management system, while LiquidMobile is a web-based portfolio and risk analytics application, officials say. The new features… Read More >>
BofA Names Co-Heads for Global Investment Banking
Bank of America (BofA) has named Karim Assef and Diego De Giorgi as co-heads of its Global Investment Banking group in an effort by the bank “to strengthen our ability to serve our most important clients,” BofA officials say in an internal memo. Assef and De Giorgi will report to Christian Meissner, who is head… Read More >>
Q&A: Asia-Pacific Could Beat U.S. to T+2
A new report from market research firm Celent focuses on firms in Asia-Pacific and how Europe’s successful move to shorter settlement is affecting them. The report, “Europe T+2: Is Asia-Pacific Ready?” focuses on how A-P firms, which settle transactions on trade data plus three business days (T+3), are coping with the shorter T+2 (two business… Read More >>
Ex-GoldenSource CEO Named to EDM Council Post
The Enterprise Data Management (EDM) Council, a non-profit trade association founded in 2005 by senior financial industry executives and given the mandate to “elevate the practice of data management as a business and operational priority,” reports the appointment of Mike Meriton, one of the organization’s founders, as its head of commercial services. Meriton, who is… Read More >>
Knight’s Former CCO Joins OTC Markets Unit
OTC Link ATS, a wholly-owned subsidiary of financial marketplace OTC Markets Group, has appointed Michael T. Corrao as its chief compliance officer (CCO). Corrao held the same post at the former Knight Capital Markets, officials say. In his new role, Corrao will be responsible for “all aspects of the firm’s broker-dealer compliance program and will… Read More >>
