FICC Targets Risk Reduction & Capital Relief The Fixed Income Clearing Corp. (FICC), a DTCC subsidiary, has launched a repo clearing offering, the Centrally Cleared Institutional Tri-Party (CCIT) Service, that is intended to provide risk reduction and potentially capital relief, officials say. In fact, hedge fund giant Citadel and investment bank Morgan Stanley have already… Read More >>
Eze Software Group to Use OTAS Analytics
Investment technology vendor Eze Software Group will be integrating real-time data analytics and market intelligence from OTAS Technologies into the Eze execution process to provide buy-side traders with more useful information when they are formulating a trading decision. The addition of the OTAS offerings helps traders perform “exceptional activity analysis” based upon artificial intelligence and… Read More >>
Risk Focus Shifts Regulatory Wares to Subsidiary
Risk Focus Launches ‘RegTek Solutions’ Financial technology vendor Risk Focus has launched RegTek Solutions Inc., a wholly-owned subsidiary that will serve as the new home for the Report-it control and compliance software for global trade and transaction reporting. The Report-it group includes Validate.Trade, Reportable.Trade, Load.Trade and later this year, Reconcile.Trade, Risk Focus officials say. “Moving… Read More >>
Luxembourg Bank Tackles IRS Reporting Regs
BCEE Implements SmartStream’s Corona Banque et Caisse d’Epargne de l’Etat of Luxembourg (BCEE) has implemented a way to help the bank meet reporting and audit trails regulatory requirements of the Internal Revenue Service (IRS) that have a tight turnaround time. In general, banks only have a few weeks to reconcile annual data before the legal… Read More >>
Numerix Targets Basel III Capital Calculations
Numerix Expands Oneview Risk Application Numerix, a vendor of cross-asset analytics for derivatives valuations and risk management, has just released a solution that is an expansion of its Oneview Risk application to help banks comply with the Basel Committee’s regulatory requirement for Counterparty Credit Risk (SA-CCR) Capital in time for the January 2017 implementation deadline,… Read More >>
Fidessa Partnership Program Open to Post-Trade Vendors
London-based electronic trading platform and services vendor Fidessa has launched a Partnership Program for selected third parties to integrate their wares with Fidessa’s trading workflow platform, and the program is open to post-trade services and systems providers. “We are exploring partnerships across all areas of the customers’ workflow and as part of that we have… Read More >>
