CFTC Chairman Timothy Massad says he’s leaning toward a hybrid approach to the problem of regulatory harmony for uncleared swaps transacted across multiple jurisdictions around the globe but he’s careful to note that his agency has not reached any conclusions. “We recognize the importance of having the uncleared margin rules of different jurisdictions be as… Read More >>
Electra Provides Cordium with Data Feed Service
Compliance systems vendor Cordium is using data services from post-trade solutions provider Electra Information Systems as a way to provide Cordium clients with direct feeds sent via brokerage firms. The new collaboration will bring together the feeds of Electra Data and the web-based Compliance Employee Level Filing (ELF) platform from Cordium, a provider of compliance… Read More >>
SEC Seeks to Revamp Reporting for Mutual Funds, ETFs
The SEC has proposed rules, forms and amendments to “modernize and enhance” the reporting and disclosure of information via investment companies and investment advisers in an effort to improve the quality of data for investors, according to the regulator. If approved, the effort will also let SEC officials more “effectively collect and use data” that… Read More >>
Interactive Telecom Hires SVP for Sales and Ops
Communications management vendor Interactive Telecom Solutions (ITS) has hired Kevin Errity as a senior vice president of sales and operations, officials say. In his new role, Errity will be responsible for “the leadership of the ITS sales team, driving business growth and creating customer solutions that add value and maximize market share in targeted segments,”… Read More >>
Performance Measurement Becomes a Competitive Advantage
Things aren’t what they used to be in the performance measurement game – and that’s a good thing, according to several practitioners who spoke at Financial Technologies Forum’s Performance Measurement 2015 conference last week in New York City. As the investment management landscape has grown more complicated in recent years, the job of performance monitoring… Read More >>
Moscow Exchange Picks Data Center Provider
The Moscow Exchange (MoEx) company has chosen Moscow-based data center vendor DataSpace to serve as its primary data center and services provider, according to a company statement. After a preliminary stage in which DataSpace will serve as a back-up facility for MoEx, the DataSpace1 data center will function as MoEx’s primary data center. As of… Read More >>
AIM Software Acquires Joss Technology
Austrian data management vendor AIM Software has reached an agreement to acquire New York-based entity data management vendor Joss Technology, according to a statement from AIM. The terms of the acquisition have not been disclosed. Joss Technology is known for its Entity Data Management System (EDMS), which uses a fuzzy logic algorithm and an intuitive… Read More >>
PIMCO’s Meyn: Better Recs Can Prevent Wrecks
Optimal reconciliation and exception management can catch early on many signs of fraud, rogue trading and other nightmares that have rocked the financial services industry in recent years and should be treated as such, says Cynthia Meyn, executive vice president of operations at Pacific Investment Management Co. (PIMCO), a bond investment giant based in Newport… Read More >>
SEC Makes Available Swaps Data Analyses
Analyses of data regarding the reporting and dissemination of security-based swap-transaction information are now available at the SEC’s website. The SEC reports that the analyses examine the “effect of the Commodity Futures Trading Commission’s mandated post-trade transparency in the index credit default swaps (CDS) market on total credit exposure, trading volume, and trade size in… Read More >>
Aite: Is Big Data Jargon or Strategy?
“Big Data in Capital Markets: The Placebo Effect?” a new report from market research from Aite Group, examines whether the move to adopt Big Data methods and strategies in financial services is, as the report asks, “jargon or strategy?” Big Data consists of very large volumes of structured and unstructured information that when reviewed can… Read More >>
