Misys and D+H, both owned by private equity firm Vista Equity Partners, have completed their previously announced merger and are now “a diversified global financial software provider,” to be named Finastra. Misys, a London-based provider of banking, trading and securities operations software, and D+H, a Canadian vendor offering lending, payments and financial solutions, announced in… 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 >>
Misys and D+H to Merge via PE Firm
Misys, a London-based provider of banking, trading and securities operations software, and D+H, a Canadian vendor offering lending, payments and financial solutions, are merging, according to Vista Equity Partners, now the owner of both companies. Vista decided that marriage was the best option for the two software houses after it acquired D+H for an undisclosed… Read More >>
CFTC to Stream Regulation AT Meeting on Nov. 4
CFTC to Mull Add-On to Automated Trading Rule The CFTC will hold an open meeting on Friday, Nov. 4, at 10 a.m. to consider a supplemental proposal to Regulation Automated Trading (Regulation AT), according to an announcement from CFTC Chairman Timothy Massad. The CFTC Open Meeting will take place at the lobby-level hearing room at… Read More >>
Bank of England Blesses ICE Clear Europe as a CCP via EMIR
ESMA Also Blesses ICE Clear Europe The Bank of England (BofE) has just updated its list of U.K. authorized central counterparty clearinghouses (CCPs) to include the authorization of ICE Clear Europe Ltd., officials say. Part of the Intercontinental Exchange, Inc., ICE Clear Europe provides central counterparty clearing and risk management services for interest rate, equity… Read More >>
SEC to Require More Data from Investment Advisers
SEC Amends the Investment Advisers Act The SEC is asking for more data from investment advisers via revamped reporting and disclosure requirements implemented through amendments to the Investment Advisers Act, and the investment adviser registration and reporting form, officials say. The amendments are intended to improve the quality of information that investment advisers provide to… Read More >>
Media Reports Say Misys Owner Mulling IPO
Misys, a 37-year-old banking and capital markets software systems provider, may be entering the public markets again, according to media reports about the matter. In mid-August, The Times of London, citing industry sources, ran with a story that Misys was getting ready to launch a £5.5 billion ($7.3 billion) listing via the London Stock Exchange…. Read More >>
Misys Uploads Its Wares to the Cloud
Financial services and systems vendor Misys is moving its wares to the cloud and will be changing the way it charges for its offerings. The vendor has just launched Misys FinCloud, a cloud computing channel for the vendor’s major business lines, including retail banking, corporate banking, treasury and capital markets and investment management, says Alan… Read More >>
SmartStream Fills Strategic Account Management Post
SmartStream Names Strategic Account Management Head SmartStream Technologies, which characterizes itself as a transaction lifecycle management specialist, reports the appointment of Naren Patel to head strategic account management for its Corona business unit, based in London. Patel will report to Marcus von Rahden, head of sales Europe for Corona, and will be responsible for all… Read More >>
Virtus Partners Deploys Misys Loan Platform
Virtus Partners, a provider of fixed-income collateral administrative services, has implemented the Misys FusionBanking Loan IQ platform in response to the demand for third-party agency services as non-bank lenders are acting as loan originators and as financial services firms move to lower operational costs. By implementing FusionBanking Loan IQ, officials at Virtus say they can… Read More >>
