Central European financial consultancy Targit GmBH has joined financial software vendor Misys’ InFusion Partner Program, officials say. In a move that should serve as a capstone to “consulting, systems integration and project management support,” Targit has worked with Misys to provide clients in the Germany-Austria-Switzerland region for several years now, officials say. Under the new… Read More >>
Scivantage Adds Two EVPs
FinTech vendor Scivantage has appointed Amit Basu as executive vice president (EVP) for professional services and delivery, and Alex Sauickie as EVP for business and technology operations, officials say. The move comes as Scivantage nears its 15th anniversary. “This is a milestone year for Scivantage, and we are committed to improving and expanding our offerings… Read More >>
SWIFT’s New CTO & COO Taking Over for Retiring CIO
Financial messaging and services cooperative SWIFT has hired a Verizon veteran Craig Young to be its new chief technology officer (CTO) and appointed SWIFT executive Marcel Bronmans as chief operations officer (COO), following a reorganization of the IT and operations division and the retirement of Mike Fish, SWIFT’s chief information officer (CIO) by the end… Read More >>
Exchanges Buck the Weather Forecasts and Stay Open
Securities exchanges either based in New York City or with major subsidiaries there stayed opened during a snowstorm that was forecast to have dire consequences but proved to be more harmful to Long Island and the Boston metropolitan area. As Winter Storm Juno’s center moved 50 miles eastward so did the potential harm when it… Read More >>
ISDA Targets CCP Default Resolution
The International Swaps and Derivatives Association (ISDA) has issued a position paper setting out a proposed recovery and continuity framework for central counterparty (CCP) clearinghouses. The position paper, “CCP Default Management, Recovery and Continuity,” outlines a “framework for recovery and sets out tools that can be used to re-establish a matched book following the default… Read More >>
Tim Lind on T+2 and Wall Street Fines
As the blizzard bears down on the Northeast, I had the time to review the additional comments from Tim Lind, the global head of financial regulatory solutions at Thomson Reuters. He talked to me last month about his major predictions for 2015 and his main concern was the Legal Entity Identifier standard (http://bit.ly/1yWE8YV). Yet the… Read More >>
ICE’s IBA Launches Revamped ISDAFIX
Intercontinental Exchange (ICE) officials have announced that the ICE Benchmark Administration (IBA) will introduce a new calculation methodology for ISDAFIX, starting Feb. 16, 2015, marking a new era for the global benchmark for interest rate swaps. ISDAFIX represents the average mid-market swap rates for three major currencies: the Euro (EUR), British pound (GBP) and U.S…. Read More >>
Mizuho Unit Goes Live With GoldenSource EDM
Mizuho International, a subsidiary of one of the largest financial institutions in Japan, has gone live with enterprise data management (EDM) vendor GoldenSource’s GoldenSource EDM platform, officials say. Mizuho is using the platform for client and counterparty management to support its trading, risk and compliance functions of its investment banking business across its London operations…. Read More >>
SEC Adopts Rules for Security-based Swap Repositories
The SEC has adopted rules that will require security-based swap data repositories (SDRs) to register with the regulator, and will prescribe reporting and public dissemination requirements for security-based swap transaction data, officials say. This is not the culmination of rules for reporting of security-based swaps, but only the start. The SEC has regulatory authority over… Read More >>
Will T+2 Make the Most Progress in 2015?
FTF News gathered forecasts from three vendors — Advent Software, DataArt and FSMLabs — to get their Ops predictions for 2015. This piece is part of a series in January exploring what key industry participants think will be the top Ops issues this year. Advent Software: T+2 to Progress the Most in 2015 Investment management… Read More >>
