FIMAS Consulting has appointed Ralf Dreyer as a partner and acting head of business development, officials say. In his new role, Dreyer will be responsible for “further advancing FIMAS’ growth,” according to a company statement. Before joining FIMAS Dreyer was a managing principle at Wepex, a consulting firm focused on financial markets, officials say. Before… Read More >>
Finsapp and Volante to Build Solutions
Finsapp, a specialist system integrator for the SAP enterprise resource planning (ERP) software provider, and Volante Technologies, a provider of software for the integration, validation and processing of financial messages and data, report that they have entered into a partnership to build business domain solutions. The solutions will be “based on interbank, intrabank and bank… Read More >>
New Report Urges CCP Changes
A new report released by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) outlines proposed changes to disclosure standards for central counterparty clearinghouses (CCPs), officials say. The paper, “Public Quantitative Disclosure Standards for Central Counterparties,” argues that “to help ensure that the risks of using central counterparties… Read More >>
Firm58 Applies Telecom Lessons to the Back Office
Jim Mullen has seen more than his fair share of change during his 25-odd years in the telecommunications and financial services worlds, having lived through both the mobile phone explosion of the early nineties and the automation of financial markets that took off in the late nineties. Those revolutions left both industries in flux and… Read More >>
CFTC Unveils Market Risk Advisory Committee
The CFTC has unveiled the names of the members of its new market risk advisory committee. The committee, chartered in 2014, is meant to supports efforts to “to detect and mitigate risks within the market to industry participants, consumers, and the broader financial community,” the CFTC says in a statement. “This year, the committee intends… Read More >>
Former Pipeline Trading Exec Joins Fidessa
London-based electronic trading platform and services vendor Fidessa has hired Jay Biancamano, the one-time executive chairman and CEO of Pipeline Trading, to be its new head of equities product marketing for the Americas, a move Fidessa describes as a “key appointment for its sell-side business.” Pipeline was a predictive analytics and algorithmic trading firm that… Read More >>
Michael Atkin: ‘DCAM Harmonizes the Data for the Prime Goal’
Non-profit trade association, the Enterprise Data Management (EDM) Council has just released the Data Management Capability Assessment Model (DCAM), a collection of best practices for the management of data across an enterprise. The new DCAM documentation is intended to help firms “align data across multiple internal repositories in order to operate more efficiently and meet… Read More >>
Electra Tackles Month-End Recs Problem
For some reconciliations professionals working in post-trade operations, it can seem like some jobs just don’t end when they’re supposed to. This is especially true when it comes to performing month-end reconciliations, where back-dated transactions from prime brokers and other counterparties can often come through days or even weeks after the actual end of the… Read More >>
SIFMA Pushes Back on Revamp of Retirement Savings Rules
President Barack Obama announced Monday that he wants to see “major actions” taken to update the rules governing retirement savings that will focus on conflicts of interest. The White House will be directing the Department of Labor (DOL) to “crack down on Wall Street” in order to protect investors from conflicted retirement advice, officials say…. Read More >>
Citi Appoints NYU Dean as Independent Director
Citigroup Inc.’s board of directors reports that it has elected Peter Blair Henry as a new independent director, with his term beginning July 1, 2015. Henry is the dean of New York University’s Leonard N. Stern School of Business and an international economist who specializes in emerging economies, according to a Citi statement, which notes… Read More >>
