Alternative asset manager Capricorn Capital Group has gone live with financial technology provider Cymba Technologies’ Athena Investment Management Solution (IMS), according to a Cymba statement. Capricorn invested in the IMS, which supports the order management, pre- and post-trade compliance, trading, operations and execution functions, in order to launch a new fund compatible with the Undertakings… Read More >>
Are You Ready for Bitcoin?
If you haven’t heard of it before, my guess is that you are likely to become more acquainted with the crypto-currency Bitcoin. “As a non-political online money, Bitcoin is backed exclusively by code,” according to the Bitcoin Foundation website. “This means that — ultimately — it is only as good as its software design. By… Read More >>
Blurred Lines: OTC Reforms for Voice Trading
(Editor’s note: This is the online version of the story appearing in the Fall 2014 edition of FTF News magazine, which will be available on the website later this month. The print edition of the magazine debuted at the SIBOS 2014 conference and exhibition in Boston last week. The event, put on by financial messaging… Read More >>
Survey: Regulatory Overhaul Boosts Role of COO
The status of chief operating officers (COOs) appears to be on the rise as financial services firms take on dramatically new business models driven by global regulatory and market structure changes, according to a survey, sponsored by Broadridge Financial Solutions and conducted by The Economist Intelligence Unit. Broadridge, which provides investor communication services, solutions and… Read More >>
SmartStream: Greater Back-Office Efficiency via a Utility Model
In a sponsored video interview Darryl Twiggs, SmartStream’s executive vice president, product management, talks to FTF News about the real-time message processing paradigm shift causing firms to consider big cuts in the back office and new solutions with a broader focus, based on a utility model.
SmartStream: ‘Enormous Pressure’ to Cut Ops Costs
Q: Could we talk a little bit about a paradigm shift you’re seeing? Why do you think that’s happening? A: When we look at what’s happening with the banks today, there’s enormous pressure to cut operational costs, the cost of ongoing support for their existing systems. Each of the clients that we talk to, including… Read More >>
Celent Survey: Asia Pacific Not Ready for T+2
By and large, financial firms in the Asia Pacific region are not yet prepared to follow in Europe’s footsteps as the October 6 mandatory shortening of the settlement cycle from trade plus three days (T+3) to trade plus two days (T+2) goes into effect. That is the gist of a study published by market research… Read More >>
FTF News Takes On SIBOS
FTF News is taking on the annual SIBOS conference, put on by the SWIFT financial messaging and services cooperative. The conference is being held at the Boston Convention & Exhibition Center from Sept. 29 to Oct. 2. You can check out our online news coverage all week. We will provide a mix of product news,… Read More >>
Prime Brokers and Custodians Bury the Hatchet
Following a rocky courtship just after the financial crisis, prime brokers and custodian banks have now settled into a comfortable – if not quite loving – marriage of convenience as both sides aim to please hedge fund clients, sources say. “In the beginning, there was definitely a lot of competition between the custodian banks and… Read More >>
Some Good Things about Summer 2014
For many in Ops, the last days of summer can be a chance to escape on vacation and evaluate the past eight months in quiet moments. Was it a productive time, frustrating or a complete loss? Will the last four months of the year be a chance to truly shine? If things weren’t stellar, is… Read More >>
