As the SIBOS 2014 Boston conference and exhibition winds down, several key vendors serving securities markets have released product news. The event, put on by financial messaging and services cooperative SWIFT, is underway at the Boston Convention & Exhibition Center from Sept. 29 to Oct. 2. Officials at SunGard Financial Systems report that IntelliMatch Operational… Read More >>
Misys: Regulatory Reporting Still Dominates
Q: What SWIFT-related product trends have you seen among your clients for this year? A: The big trend we’ve seen from our European financial institutions, as well as a few NA [National Association] corporations with European subsidiaries, is the requirement for regulatory reporting. Not only is there a need for service providers to route information… Read More >>
Misys Consolidates, Unites Wares
Misys, a provider of financial services software, reports that it “has simplified its offerings and launched a new set of solutions under a common architecture,” using what the company calls a componentized approach. The new software is underpinned by a modular, open architecture, called FusionFabric, that “leverages the latest distributed computing technologies for speed and… Read More >>
Beeston Leaves ICAP as Misys Fills MEA Post
Mark Beeston Leaves ICAP to Launch Start-Up Mark Beeston has confirmed that he has left his position as CEO of the Post Trade Risk and Information division of interdealer broker ICAP last month and has founded Illuminate Financial Management. Beeston will serve as CEO of the new company, which has just launched. Illuminate Financial Management… Read More >>
LGIM Signs On for Misys Sophis Platform as Actiance Launches Alcatraz
Legal & General Investment Management to Deploy Misys Platform London-based investment manager Legal & General Investment Management (LGIM) will be deploying the fixed income portfolio and risk management platform Misys Sophis VALUE to govern its fixed income trading and liability-driven investment (LDI) businesses, say officials from the firm and Misys. The firm is using the… Read More >>
Nasdaq Exec Moves to ConvergEx as Rick McCarthy Heads Buy-Side Sales at Misys
Nasdaq Exec Takes Top Post at ConvergEx Group A former senior executive at Nasdaq OMX, Eric W. Noll is the new president of ConvergEx Group, which offers brokerage and trading‐related services, officials say. Noll will also be taking on the role of CEO by the end of this year, succeeding Joseph M. Velli, the incumbent… Read More >>
Thomson Reuters to slash 3,000 jobs as BI-SAM Hires Performance Measurement Expert
Thomson Reuters to Cut 3,000 Jobs Market data products and systems vendor Thomson Reuters will be cutting 3,000 jobs, mostly from its Financial and Risk division, according to an internal memo that emerged at the same time as the company’s reporting of third quarter results.The financial results include a $350 million charge that will… 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 >>
More Sibos 2013 News
Debuting at Sibos 2013 in Dubai, the Misys Global Back Office system targets firms that need to centralize operational processing for multiple asset classes, trading systems and branches globally, say Misys officials. The platform offers a single data repository at its core, intended to help firms meet regulatory requirements and better control operational risk.The back… Read More >>
Misys Picks a President as BofA ML Promotes for a GTS Sales Head
Misys Hires from Oracle for New President Misys has appointed a former senior vice president and general manager of Oracle Financial Services, Frank Brienzi, to be president and chief sales officer — a new position for the vendor of banking, treasury, trading and risk management solutions. His priority will be to build upon the 31%… Read More >>
