Sometimes interesting things fall into your lap and that’s the case with a bit of news about the future of the SIFMA Tech conference. It appears the future of the venerable technology management show of the Securities Industry and Financial Markets Association is in a state of flux. I reached out to SIFMA’s public relations… Read More >>
SWIFT to Rebate $35M to Users
Financial messaging and networking cooperative SWIFT is providing a 10 percent rebate on 2014 messaging fees because of “strong traffic growth” for its services, officials say. The cooperative expects to return $35.4 million or approximately €30 million to its users in March. “We have seen strong traffic growth this year as a result of our… Read More >>
Orc Group’s Owner Acquires Tbricks
Stockholm, Sweden-based Orc Group, a provider of listed derivatives trading technology, reports that its owner, Cidron Delfi Intressenter Holding, has signed an agreement to acquire Tbricks, also headquartered in Stockholm, a provider of trading technology to “market makers, proprietary traders and banks,” according to an Orc statement. Cidron Delfi Intressenter Holding AB, the acquiring entity,… Read More >>
Two Guidances and a Farewell to 2014
Much needs to be tied up at the end of the year but unfortunately time speeds up. So before this interesting year wraps, I’d like to shine the spotlight on two guidances — a brand new one from the CFTC and an older one from the New York state government that got little coverage the… Read More >>
Markit & Thunderhead Partner for MCA Service
Financial information services vendor Markit has partnered with Thunderhead.com, a provider of trade and relationship documentation services, to establish an online service for creating and negotiating master confirmation agreements (MCA), officials say. Under the partnership Markit will integrate Thunderhead.com’s One for Capital Markets, a software as a service (SaaS) product that automated the production, editing… Read More >>
SEC to Overhaul Regulations for Asset Managers
The SEC is mulling new, comprehensive operational and risk management rules that will update and deepen its oversight of the asset management industry, according to SEC Chair Mary Jo White, who yesterday outlined “regulatory enhancements” for the “increasingly complex portfolio composition and operations” of asset managers. The proposed overhaul will revamp data reporting requirements, fund-level… Read More >>
Q&A: Settling Margin Calls Without ‘A Single Human Touch’
Broadridge Financial Solutions is bolstering its CollateralPro solution via a new partnership with AcadiaSoft, a provider of the MarginSphere margin call confirmation technology for collateral management. Jerry Friedhoff, managing director of securities financing and collateral management at Broadridge, took time out of his schedule to answer FTF News’ questions about the agreement that integrates MarginSphere… Read More >>
AxiomSL Targets Austria’s ‘Smart Cube’ Reporting
AxiomSL, a provider of regulatory reporting and risk management software, reports the launch of a solution that will enable banks to comply with Austria’s new Smart Cube reporting requirement, which will be implemented by the Oesterreichische Nationalbank (ONB), the country’s central bank, and will take effect June 15, 2015. The Smart Cube system is meant… Read More >>
Fonetic Adds Multi-Trade Search Functions
Fonetic, a voice and text management vendor, has added multi-trade search and reconstruction capabilities to its compliance portfolio, officials say. Fonetic scans social media, data analytics, sentiment analysis and unstructured data for a multi-channel, multi-language solution that decodes customer behavior and makes recommendations on how to act, officials say. The company says that its Dodd-Frank… Read More >>
Post-Trade Ops: Not Just for Wannabe Traders Anymore
When Josh Brodman first dipped his toe into post-trade operations, he wasn’t quite sure what to expect. It was 2005 and Brodman, then a junior majoring in finance at Binghamton University, had just secured an Ops internship at a hedge fund with roughly $6 billion in assets under management (AUM). “I was looking across the… Read More >>
