(With LIBOR for new contracts ending Dec. 31, 2021, and LIBOR’s usage finally over as of June 30, 2023, a new era for risk-free reference rates is underway. Financial services firms are transitioning to replacements such as the Secured Overnight Financing Rate (SOFR), and they are grappling with the post-LIBOR impacts upon their trading, risk,… Read More >>
ISITC Jolts Ops Standards, Embraces the Cutting-Edge
(FTF News got a rare chance to check in with Erica Borghi, the current chair of the International Securities Association for Institutional Trade Communication (ISITC), and Lisa Iagatta, current vice chair for ISITC, an industry group that advances standards, technology and best practices for financial services operations. In a wide-ranging Q&A, they provide updates on… Read More >>
Risk Analytics Pioneer to Get $10M PE Infusion
Risk analytics vendor Hanweck Associates will be getting $10 million in private equity financing and a large part of that debt and equity package will help fund the vendor’s exploration of innovations for margin and collateral optimization. A New York-based private equity firm, The Argentum Group has secured the financing and will have a cooperative… Read More >>
DTCC Integrates Omgeo’s ProtoColl with MTU
Post-trade services utility, the DTCC has announced that the ProtoColl front-end collateral management system from Omgeo, a DTCC subsidiary, has now been integrated with DTCC-Euroclear GlobalCollateral Ltd.’s Margin Transit Utility (MTU), a solution to facilitate the settlement of margin obligations, officials say. The integration will let Omgeo ProtoColl clients gain a view “of all transactions… Read More >>
OpenGamma Adds Conde, Beeston to Board of Execs
Risk management software provider OpenGamma has reshuffled its board of executives, with the position of chairman changing hands, and Cristóbal Conde, the former CEO of SunGard, joining the board, according to a company statement. Kirk Wylie, a co-founder of OpenGamma, will step down as chairman, following his decision to take on the role of chief… Read More >>
