ICE Buys Merrill Lynch Option Volatility Estimate Index Family Exchange operator Intercontinental Exchange, Inc. (ICE) will be acquiring a family of fixed income volatility indices, including the Merrill Lynch Option Volatility Estimate (MOVE) from Bank of America Merrill Lynch to further help clients manage risk, officials say. “The MOVE Index has a long history of providing… Read More >>
CFTC Exempts Key MTFs From SEF Status
U.K. MTFs Can Operate as Exempt SEFs The U.S. Commodity Futures Trading Commission (CFTC) has issued an amended order that will allow an additional four multilateral trading facilities (MTFs) authorized within the European Union to be exempted from the requirement to register with the CFTC as swap execution facilities (SEFs). The four additional United Kingdom-based… Read More >>
Hong Kong Firm to Deploy Linedata Solutions
Hong-Kong-based ICBC Asset Management (Global) will deploy by the end of the year software solutions from vendor Linedata in a bid to scale up its operations to support a rapidly growing Asian asset management business, officials say. ICBC AMG “is expanding its product lineup and diversifying its offerings into new asset classes and strategies,” says… Read More >>
Linedata Pushes for Fully Automated NAV via Upgrade
Linedata officials say the updated fund accounting platform, Linedata Mfact 11.3, is intended to help clients automate the production process for calculating net asset values (NAVs) with the hope that this streamlining will free up staff to focus on higher value tasks. The streamlining and automation of key operational processes is accomplished via the inclusion… Read More >>
Linedata Partners with UnaVista for ARM Services
In a MiFID II compliance move, Linedata, an investment management solutions and outsourcing services vendor, is partnering with the UnaVista division of the London Stock Exchange Group (LSEG) to enable their mutual clients to use UnaVista as an Approved Reporting Mechanism (ARM) to facilitate transactions to National Competent Authorities (NCAs). The partnership with UnaVista will… Read More >>
T. Rowe Price Deploys New NAV Oversight Platform
T. Rowe Price has deployed an automated Net Asset Value (NAV) oversight system that will serve a range of investment offerings, and will replace an internally developed system, according to officials at the mutual fund giant and at Linedata, maker of the Navquest platform. NAV is the “value per share of a mutual fund or… Read More >>
Linedata, DTCC, Smartkarma & TFS Target MiFID II Burdens
(Editor’s note: With the MiFID II deadline about 100 days away, FTF News will be running an ongoing roundup of IT and operations news related to the market reform legislation.) Linedata & the DTCC Extend a 10-Year-Old Relationship With the MiFID II deadline looming, Linedata, a vendor of investment management solutions, has extended a decade-old… Read More >>
Linedata Debuts Workflow Booster for Fund Services
Investment systems vendor Linedata has upgraded its Optima fund administration business process management (BPM) toolset in a bid to help fund administrators design, monitor and execute end-to-end business processes more efficiently. The upgrade is in response to investment management firms with operations that are “increasingly exception based and event-driven” and require firms to adopt “a… Read More >>
Electra and Linedata to Link Key Platforms
Electra and Linedata to Create Recs Interface Investment management software vendor Linedata and reconciliation services provider Electra Information Systems have announced that they are creating an interface between two key platforms. The new link will provide Linedata Mfact fund accounting users with support for Electra’s Reconciliation, offering capabilities for reconciling system-to-system, net asset value… Read More >>
ANNA Advances ISIN Effort for OTC Attributes
ANNA Subsidiary Conducts Industry Outreach A subsidiary of the Association of National Numbering Agencies (ANNA) has gathered feedback on developing over-the-counter (OTC) International Securities Identification Number (ISIN) attributes in order to ease MiFID II reference data reporting. ANNA serves as the registration authority for the ISIN under appointment by the International Organization for Standardization (ISO),… Read More >>
