As you might have seen in our announcements earlier this week, the Nasdaq invited FTF to ring the opening bell yesterday as we kicked off our annual FTF SMAC NY event focusing on social media and compliance in financial services. When the call came on Tuesday morning, it was answered by our company prankster, Kenson… Read More >>
ADR Corporate Action Processing Grows Up
Michael Silverence is hoping that the days of using PDFs to spread the word in the U.S. and globally about the corporate actions impacting American Depositary Receipts (ADRs) are numbered. The BNY Mellon vice president, who oversees global product management, particularly innovation and technology, has been heavily involved in a project to automate corporate actions… Read More >>
Carlyle Group CFO to Return to Nasdaq
A former Nasdaq executive is returning to the exchanges and technology company after serving as chief financial officer and managing director for private equity giant, the Carlyle Group in Washington, D.C. Adena Friedman will rejoin Nasdaq OMX as president of the company’s Global Corporate, Information and Technology Solutions group, officials say. The group consists of… Read More >>
Heir Apparent to JPM’s Dimon Joins Carlyle Group as Nasdaq OMX Appoints EVP to Head New Unit
Likely Heir Apparent to JPM’s Dimon Joins Carlyle Group Mike Cavanagh, generally considered an heir apparent to Jamie Dimon, chairman and CEO of JPMorgan Chase (JPM), is leaving his post as co-CEO of the Corporate and Investment Bank (CIB) division to become co-president and co-chief operating officer of The Carlyle Group, an asset management company… Read More >>
Chris Pickles Leaves BT as Custom House Execs to Stay Post-Merger
Chris Pickles Leaves BT to Start Consultancy Industry veteran Chris Pickles has left BT to work as an independent consultant, based in the U.K. “We can confirm that Chris Pickles has left his role as head of industry initiative, global banking and financial markets at BT,” says a BT spokesman. “We would like to thank… 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 >>
Readers Pick FATCA as Top Story for 2013
Three of the top news stories for 2013 among FTF News readers dealt with the Foreign Account Tax Compliance Act (FATCA). The adoption of the Volcker Rule by regulators was the second most popular story while the FIX protocol’s advances into post-trade processing also attracted lots of attention. SAC Capital’s admission of guilt also garnered… Read More >>
Omgeo Adds LEI Support as Smarsh, Nasdaq and Protegent Advance Social Media Surveillance
Omgeo Adds LEI Support to Alerts Via Avox Post-trade services provider Omgeo now has support for the global Legal Entity Identifier (LEI) initiative via additional entity- and fund-level fields and data as part of its Alerts web-based global database for account and standing settlement instructions (SSI), officials say.The new LEI support comes via Omgeo’s partnership… Read More >>
Q&A: A Polish Clearing House Reaches Out
FTF News was able to ask Iwona Sroka, president and CEO of KDPW_CCP, a few questions about the services of its new arrangement with NASDAQ OMX, and how working with NASDAQ OMX might facilitate U.S. links to Polish trading markets. The Warsaw-based clearing house, created by the National Depository for Securities (KDPW) in 2011, recently… Read More >>
Hurricane Sandy Halts U.S. Equity & Options Trading for Monday
Hurricane Sandy has closed all equity and options exchange trading in the U.S. for Monday, Oct. 29 as the massive, life-threatening storm batters the East Coast of the U.S. The regulators and exchanges have not yet decided whether to resume trading on Tuesday. In a related move, the CME Group will be closing its U.S…. Read More >>
