The world of cryptocurrencies is an alternate yet visible reality that is gaining ground slowly but surely amid the established Matrix of supposedly real money. To recap, the main digital/cryptocurrency is the non-political online Bitcoin “backed exclusively by code,” according to the Bitcoin Foundation website. “This means that — ultimately — it is only as… Read More >>
Watson Wheatley Adds Equity Module to i-Recs
Reconciliation systems vendor Watson Wheatley Financial Systems (WWFS) has released a new Total Equity Module for Derivatives Reconciliation for its i-Recs platform, officials say. The module facilitates matching of any margin traded instruments, and its “unique methodology” can help solve “the book cost differences that appear on derivative instruments,” according to a company statement. The… Read More >>
More Firms Buy Than Build Analytics Systems for PM
Financial services firms are trending toward buying third-party solutions when they face the build-or-buy decision for implementing a performance measurement analytics system as revealed by panelists at Financial Technologies Forum’s Performance Measurement 2015 conference, held yesterday in New York City. The panel featured industry participants on hand to dissect the most important issues to keep… Read More >>
IVP Taps Eze Castle Software for MD
Indus Valley Partners (IVP), a vendor of alternative asset management solutions, has hired Sachin Kachhla, a former executive at portfolio management system provider Tradar, to be its managing director for sales and client relations, officials say. “Kachhla established and grew the North American business of Tradar,” say IVP officials, “from under five clients to over… Read More >>
SWIFT Hires from Markit for Management Team
Financial messaging and systems cooperative SWIFT has hired industry veteran David Lefferts from financial information services vendor Markit, where he served in product development, cross-product strategy, and senior business development roles over eight years, officials say. At SWIFT, Lefferts will serve as a managing director, market initiatives for the Americas. Lefferts, who has more than… Read More >>
CME Group Fills Top Post in Asia-Pacific
CME Group, operator of key derivatives exchanges, reports that it has named Christopher Fix managing director and head of Asia Pacific. Fix, who joins the company in June, will be based in Singapore and report to London-based William Knottenbelt, senior managing director and head of International, CME Group. Fix will be “responsible for leading CME… Read More >>
RJO European Affiliate Buys Kyte Group from GFI
Chicago brokerage R.J. O’Brien and Associates’ (RJO) European affiliate R.J. O’Brien Europe Ltd. (RJO Europe) will acquire interdealer broker GFI Group’s subsidiary The Kyte Group Ltd., officials say. Terms of the transaction were not disclosed, and the UK Financial Conduct Authority has approved the transaction, which is expected to close no later than March 17,… Read More >>
Temenos Jolts Fund Administration Market
Temenos Group, maker of the T24 core banking solution, is moving to aggressively take advantage of the “fast-growing fund administration market” via the $248.7 million (€235 million) acquisition of fund administration software vendor Multifonds, which has been in the market since 1995 and has more than 30 of “the world’s largest financial institutions” on its… Read More >>
Our Special Report on the Key Ops Issues for 2015
Making predictions about the Top Ops issues for 2015 is more challenging than you might think, given the many facets of securities operations. We began our predictions coverage at the end of 2014 by reaching out to industry analysts and participants such as Virginie O’Shea, a senior analyst with Aite Group; Tim Lind, global head… Read More >>
Special Report: The Top Ops Predictions for 2015
For this report, FTF News reached out to industry participants, analysts and vendors to get a sense for the operations issues that will be top of mind for financial services firms during 2015. We uncovered a variety of concerns including fears over the future of the Legal Entity Identifier standard, concern over shorter settlement cycles… Read More >>
