Once fierce competitors in the trading turret business, IPC Systems and Etrali Trading Solutions are becoming one company as a private equity firm, the Gores Group, has sold Etrali to IPC, officials say. IPC and Gores Group officials decline to reveal the commercial terms of the acquisition. The Paris-based Etrali is a provider of voice… Read More >>
Etrali Appoints Two Managing Directors
Etrali Trading Solutions, a communication and turret services integrator for trading, has named Brad Gorton managing director of the United Kingdom and Ireland and Paul Klebinder managing director of France and Italy. Both men report directly to CEO Lionel Grosclaude. The new appointments are meant to “to showcase global growth and support expansion plans across… Read More >>
Demand Soars for Recs IT as SIFMA Pushes LEI Usage
Reconciliation Technology ‘Explosion’ in Europe & U.S., Says Aite No longer is reconciliation technology “solely applied” to reconciling cash accounts. That’s the word from market research firm Aite Group’s latest report, “Reconciliation Technology Solutions in 2014: Recs Get Ready to Rumble,” which also takes note of the “explosion in the number of different vendor solutions… Read More >>
Scotiabank Deploys Fenergo Onboarding as Brazilian Asset Manager to Use Eze OMS
Scotiabank Deploys Fenergo Onboarding Solution Toronto-based Scotiabank is using Fenergo’s Regulatory Onboarding solution for its global banking and markets division, officials say. The deployment is intended to help the bank automate, streamline and standardize regulatory onboarding processes, data and documentation across six business segments. The implementation also supports Scotiabank’s centralized know your customer and anti-money-laundering… Read More >>
Beeston Leaves ICAP as Misys Fills MEA Post
Mark Beeston Leaves ICAP to Launch Start-Up Mark Beeston has confirmed that he has left his position as CEO of the Post Trade Risk and Information division of interdealer broker ICAP last month and has founded Illuminate Financial Management. Beeston will serve as CEO of the new company, which has just launched. Illuminate Financial Management… Read More >>
The 2013 Sifma Wrap
Cloud computing has quietly permeated a wide range of financial technology offerings as evidenced by the SEC’s cloud-based, industry-wide market data analysis system, and third-party product news at the Sifma Tech 2013 technology conference, which took place this week in New York. Vendors say the greater acceptance of the cloud among buy-side firms, which were… Read More >>
Tradeweb Founder Joins GFI as CME Group Mulls Sale of Nymex Building
Tradeweb Founder Joins GFI Group Tradeweb Markets founder James W. Toffey has joined brokerage GFI Group as global head of electronic markets to oversee GFI’s services as a global operator of electronic marketplaces for professional traders and market makers of cash and derivative financial and commodity products, officials say.At Tradeweb, Toffey served as the CEO… Read More >>
