Problems in middle-office operations are being blamed for back-office settlement failures, according to the results of a joint survey done by Torstone Technology, a vendor of cloud-based, post-trade services, and GreySpark Partners, a capital markets consultancy. In fact, the survey finds that “60 percent of institutions believe that settlement failures attributed to inadequacies of the… Read More >>
Westwood Outsources Trading to Northern Trust
Northern Trust to Manage Equity & Bond Trading Westwood Holdings Group, a Dallas, Texas-based investment management boutique and wealth management firm, will be outsourcing portions of its equity and fixed income trading, and middle-office trade settlement support to custodian and service provider Northern Trust, officials say. The firm is using Northern Trust’s services “to optimize… Read More >>
FTF Awards Q&A: Tear Down the Walls & Silos
(Editor’s Note: A trend is underway to eliminate the walls and silos separating middle and back offices at securities firms because they inhibit the flow of information, says Jerald Seti, vice president, financial services product management at OpenLink Financial (OLF). FTF News recently checked in with Seti about OLF’s third consecutive win for Best Middle-to-Back-Office… Read More >>
NRI Readies I-STAR for Japanese Regulations
Consultancy and solutions vendor Nomura Research Institute (NRI) has announced a new functionality to its I-STAR securities back-office wholesale brokerage solution, aimed at helping I-STAR users become compliant with new Japanese regulations, officials say. The new component allows I-STAR users to manage the average price in margin and derivatives trading, a functionality Japanese users will… Read More >>
Eze Software Integrates EMS & OMS Offerings
Eze Software Group has completed an advanced integration between their execution management system (EMS) and order management system (OMS), combining trading and compliance workflows for a front-to-back product suite, officials say. The integration brings together the trading tools of the RealTick EMS with the compliance, position checking, and automated allocations of the Eze OMS, officials… Read More >>
FTF’s Top Trends for Operations in 2012, Part 2
The volatile markets in 2011 do not foster the best conditions for innovation in middle and back office operations. However, necessity is the mother of invention and we have uncovered several areas of IT and business innovation, which form the basis for our second set of predictions for the New Year. One intriguing innovation in… Read More >>
