Etrali Trading Solutions, maker of voice-trading, compliance and unified communication services, has announced that it is opening new offices in Sydney, Australia, the first thrust of a renewed push into the Asia-Pacific (APAC) region, officials say. From its Sydney offices, Etrali will manage its existing Australia client base and “support the growing demand for compliance… Read More >>
NICE Systems Hires a CFO
Voice-trading compliance vendor NICE Systems has hired Sarit Sagiv as its chief financial officer (CFO), officials say. Sagiv joins from Retalix Ltd., a provider of software and services to retailers, where she served as the CFO. Sagiv will transition into her new role over the next few weeks, and brings with her an extensive background… Read More >>
GoldenSource EDM Embraces Avox LEI APIs
GoldenSource, a provider of enterprise data management (EDM) solutions for the securities and investment industry, reports the integration of its EDM platform with Avox Ltd.’s Web-based application programming interfaces (APIs). Avox, which provides Legal Entity Identifier (LEI) standard reference data, recently launched a series of Web-based APIs for LEIs, legal names, addresses, industry classifications and… Read More >>
DTCC’s LEI Utility Hits a Milestone
DTCC officials report that the Global Markets Entity Identifier (GMEI) utility, a local operating unit (LOU) of the growing global Legal Entity Identifier (LEI) system, has issued approximately half of all LEIs registered so far, or 165,000, to entities from more than 140 jurisdictions. The GMEI’s progress reflects the growth of the global machinery behind… Read More >>
CME Group Unveils List of Board Candidates
Derivatives and clearing services marketplace CME Group has announced its candidates for its board of directors, officials say. Elections will be held at the company’s annual meeting on Wednesday, May 20, 2015. CME Group’s board of directors has recommended that Class A and Class B shareholders, voting together, should elect the following 19 individuals to… Read More >>
GFI’s Gooch Wants a Suitor to Replace BGC
The months-long acquisition saga of interdealer broker GFI Group appears headed for a memorable finale, with GFI Chairman Mickey Gooch reportedly wooing other potential suitors even as rival BGC Partners’ hostile bid remains just short of success. On Friday, Feb. 6, BGC, also an interdealer broker, needed just 1.7 percent more of GFI’s outstanding shares… Read More >>
Firms Uncertain About Derivatives Clearing: Sapient Report
Derivatives markets participants face a great deal of uncertainty over post-crisis clearing mandates, and are interested in the establishment of a purpose-built market utility to address buy-side clearing requirements, according to a survey released by Sapient Global Markets. The survey features the responses of 153 market participants and was conducted at the 2014 Futures Industry… Read More >>
Calypso Readies Initial Margin Calculation Offering
San Francisco-based Calypso Technology, a specialist in capital markets software, reports that it will be releasing a “new solution for calculating the initial margin required on non-cleared derivatives trades,” officials say. The solution will meet the requirements of the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) for margin… 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 >>
CFTC Okays WinJammer for Swap CCO Reports
The CFTC’s division of swap dealer and intermediary oversight (DSIO) reports that swap dealers and major swap participants may now submit their chief compliance officers’ annual reports to the CFTC through an online filing system, WinJammer, and do not need to use the commission’s own web portal. The Winjammer software was developed jointly by the CME… Read More >>
