FlexTrade Systems, a maker of multi-asset execution and order management systems, is now able to offer a direct integration with Coinbase Prime, an institutional prime broker platform for digital and crypto assets, officials say. Coinbase Prime offers its institutional prime brokerage for crypto assets whose integrated platform supports the entire transaction lifecycle, officials say. Coinbase… Read More >>
$1B in Misused 1MDB Funds Returned to Malaysia
Justice Department Sends Back Misappropriated Funds U.S. Justice Department officials report that they have returned “an additional $452 million in misappropriated 1Malaysia Development Berhad (1MDB) funds to the people of Malaysia, bringing the total returned to over $1.2 billion.” The repatriation of the funds from the former 1MDB investment development fund follows a scandal in… Read More >>
FlexTrade to Apply Corvil’s Analytics to Client Performance
Corvil to Help FlexTrade Users Optimize Executions FlexTrade, a multi-asset execution and order management systems (OMS) vendor, is using Corvil Analytics as a way to improve client performance across FlexTrade’s trading solutions, officials say. The combination will enable FlexTrade to provide clients with Corvil’s machine-time analytics, which allows FlexTrade to identify areas for optimization that… Read More >>
FlexTrade, SmartStream Take On MiFID II
FlexTrade Integrates SmartStream RDU for MiFID II FlexTrade and SmartStream report the integration of SmartStream’s reference data utility (RDU) with FlexTrade’s execution management system (EMS). The integration “offers mutual clients the ability to embed SmartStream RDU’s Systematic Internaliser (SI) registry information directly into the send order ticket, providing … clarity on counterparty SI status, prior… Read More >>
Northern Trust via CDCC Directly Clears Canadian Derivatives
Northern Trust to Take Part in Expanded CDCC Program Northern Trust Canada officials have announced that they launched a direct clearing of cash and repurchase agreement (repo) trades for fixed income securities through an expansion of the clearing model of the Canadian Derivatives Clearing Corp. (CDCC), officials say. In addition, Northern Trust reports that it… Read More >>
FlexTrade Adds Kensho AI & Analytics to EMS
FlexTrade & Kensho Technologies Collaborate Execution systems vendor FlexTrade is integrating pre-trade analytics support via Kensho Technologies into the FlexTRADER EMS (execution management system) to offer “a detailed, real-time event feed to assist a trader’s decision-making process when executing a trade,” officials say. “This integration with Kensho brings a unique level of ‘market context’ to… Read More >>
McLoughlin Named Sole CEO of BGC Financial for the Americas
Former Co-CEO to Oversee Special BGC Projects BGC Partners, an interdealer broker and technology provider, has appointed Shawn McLoughlin as CEO of BGC Financial for the Americas region, effective immediately. McLoughlin, who has been serving as an executive managing director and co-CEO of BGC Financial, Americas, with Lou Scotto “to define business strategy for new… Read More >>
MiFID II Implementation Update from FTF News
(Editor’s note: Many securities firms, vendors and service providers are gearing up for the MiFID II deadline of Jan. 3 1018. To help readers keep up, FTF News will be running frequent updates on what industry participants are doing to ease the burden of these industry reforms.) PGI Streamlines Equity Research Valuation and Payment Administration… Read More >>
CloudMargin Hires from Calypso Technology
David Little to be Non-Executive Director for CloudMargin London, U.K.-based CloudMargin, a fintech firm formed in 2014 that offers a software as a service-based collateral and margin management platform, reports the appointment of David Little as non-executive director. Little, who will join the company’s board, is a financial services veteran with more than 20 years… Read More >>
