By now, most financial services firms are fairly familiar with the Financial Information eXchange (FIX) electronic trading protocol for front-office concerns like trade execution. But, thus far, the messaging standard has failed to catch on in the back office even though there is growing evidence that extending the protocol makes sense. The incumbent protocol needs… Read More >>
Robson Takes CEO Post at Relationship Science
Enterprise technology vendor Relationship Science has appointed FinTech veteran Jon Robson as its new CEO, officials say. At the same time, Relationship Science also announced the close of a Series D $31 million funding round, which included an investment by TABLE Holdings, an affiliate of Bill Ackman. All in all the funding round “includes a… Read More >>
Veteran Grains Broker Joins RJO UK
R.J. O’Brien & Associates (RJO), the venerable futures brokerage and clearing firm founded in 1914 and based in Chicago, reports that veteran institutional grains broker Richard Mayhew has joined its affiliate R.J. O’Brien (UK) Ltd. as senior vice president, head of grains and oilseeds, EMEA. “With more than 35 years of experience in grains in… Read More >>
Fenergo’s New COO from Adobe
Fenergo, the Dublin, Ireland-based provider of client lifecycle management software for investment banks, capital market firms and private banks, reports the appointment of Colm Heffernan as chief operating officer (COO). Industry-veteran Heffernan joins Fenergo from Adobe Systems, “where he spent 15 years in a variety of senior roles,” according to a statement. Most recently, he… Read More >>
Ergon Picks One Tick Data Management Platform
OneMarketData, a Hoboken, N.J.-based provider of software and data for the financial industry, reports that Austin, Texas-based Ergon Capital Management, which builds market technology solutions and quantitative trading models, has picked OneTick, OneMarketData’s flagship product, as its tick data management platform, tracking and analyzing price changes as a security is traded. OneTick’s “analytical tools will… Read More >>
BofA Names Co-Heads for Global Investment Banking
Bank of America (BofA) has named Karim Assef and Diego De Giorgi as co-heads of its Global Investment Banking group in an effort by the bank “to strengthen our ability to serve our most important clients,” BofA officials say in an internal memo. Assef and De Giorgi will report to Christian Meissner, who is head… Read More >>
Q&A: Asia-Pacific Could Beat U.S. to T+2
A new report from market research firm Celent focuses on firms in Asia-Pacific and how Europe’s successful move to shorter settlement is affecting them. The report, “Europe T+2: Is Asia-Pacific Ready?” focuses on how A-P firms, which settle transactions on trade data plus three business days (T+3), are coping with the shorter T+2 (two business… Read More >>
Etrali Appoints Two Managing Directors
Etrali Trading Solutions, a communication and turret services integrator for trading, has named Brad Gorton managing director of the United Kingdom and Ireland and Paul Klebinder managing director of France and Italy. Both men report directly to CEO Lionel Grosclaude. The new appointments are meant to “to showcase global growth and support expansion plans across… Read More >>
Ex-GoldenSource CEO Named to EDM Council Post
The Enterprise Data Management (EDM) Council, a non-profit trade association founded in 2005 by senior financial industry executives and given the mandate to “elevate the practice of data management as a business and operational priority,” reports the appointment of Mike Meriton, one of the organization’s founders, as its head of commercial services. Meriton, who is… Read More >>
Interactive Telecom Hires SVP for Sales and Ops
Communications management vendor Interactive Telecom Solutions (ITS) has hired Kevin Errity as a senior vice president of sales and operations, officials say. In his new role, Errity will be responsible for “the leadership of the ITS sales team, driving business growth and creating customer solutions that add value and maximize market share in targeted segments,”… Read More >>
