An industry-wide instant messaging initiative could have many uses for post-trade operations, according to the backers of Markit Collaboration Services, a communication network that has gone live with the support of BofA Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase and Morgan Stanley.Market data and news giant Thomson Reuters and Markit,… Read More >>
Markit Shuffles Executives as former EMC Consultant to lead Capco Digital
Markit and MarkitSERV Shuffle Executives Markit, which provides trading data, valuations and processing services, announced the appointment of Jeff Gooch as chief financial officer, officials say. Gooch’s new post follows his time at MarkitSERV where he served as global head of processing, CEO and chairman of MarkitSERV, Markit’s trade processing platform for OTC derivatives. Gooch… Read More >>
Avoiding FATCA’s Pitfalls
The IRS has officially kicked off its website registration for those that fall under the jurisdiction of the Foreign Account Tax Compliance Act, which is a lot of people. Taking that first step is important but as the respondents to FTF News’ questions report, there will be many pitfalls to avoid.For this Q&A, FTF News… Read More >>
NYSE to Administer LIBOR as Ageon Goes Global with Markit EDM
NYSE Euronext Hopes to Redeem LIBOR A subsidiary of NYSE Euronext — the NYSE Euronext Rate Administration — will be the new administrator for the London Interbank Offered Rate or LIBOR and exchange officials are hoping they can redeem the reputation of the interest rate benchmark, tarnished by scandal.LIBOR reference rates are used for short-term… Read More >>
Omgeo Replaces its CCO as Markit Acquires DTCC Unit and Staff
Omgeo Replaces Chief Compliance Officer Post-trade services provider Omgeo has hired industry veteran Jeannie Shanahan to be its new managing director of governance, risk management and compliance replacing Kara L. Hill, who left her post as chief compliance officer to be vice president and deputy general auditor for the DTCC, confirm Omgeo officials. Hill joined… Read More >>
