Speakers at a conference on Bitcoin noted that as incongruous as it may seem for a crytocurrency created by anarcho-capitalists, regulation could be an important first step in bringing Bitcoin the trust and recognition it needs before it can really take off. “Nobody is excited about regulation,” says Sarah Martin, CEO of digital currency public… Read More >>
Lombard Risk Spotlights Colline Wins
London, England-based Lombard Risk Management, a provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, reports that its collateral management, clearing, inventory management and optimisation solution — called Colline — has tallied a “significant number of sales and ‘go-lives’ in the past few months.” Specifically, Lombard Risk notes that… Read More >>
SmartStream Updates Exception Management Offering
Reconciliations vendor SmartStream has added several enterprise-wide capabilities to the latest release of its TLM Exception Management solution, officials say. The new version includes new features to ease the managing of processes, provide step-by-step operations capabilities and alert functionality across the front-to-back-office. The new functionality is already in use within SmartStream’s Reference Data Utility (RDU),… Read More >>
Q&A: DTCC VP Says T+2 Requirements Coming in May
John Abel, vice president with the DTCC, says the requirements for moving to the trading day plus two business days (T+2) shortened settlement cycle will be coming in early May. There will also be a parallel effort to identify the legal and regulatory changes needed to facilitate T+2. Abel, the DTCC and other industry groups… Read More >>
ICAP and BATS Partner for EFP Clearing
The BATS Chi-X Europe stock exchange has partnered with interdealer broker ICAP to combine several services that will soon enable market participants to trade fully cleared equity index exchange for physical (EFP) transactions anonymously, officials say. An EFP involves the simultaneous exchange between two parties of a futures position for a position in the underlying… Read More >>
Ultimus Fund Solutions Adds Recs Support
Mutual fund service provider Ultimus Fund Solutions reports that it has added SunGard’s InvestOne reconciliation solution to its current usage of the Asset Arena InvestOne investment accounting platform. The addition will “help enhance middle- and back-office reconciliation support for clients,” Ultimus says in a statement that also notes that it has worked with SunGard for… Read More >>
CFTC Launches Fraud Awareness Campaign
April is Financial Literacy Month, and for its part the CFTC is urging Americans to look into the background of their financial professionals, officials say. By highlighting the regulator’s SmartCheck.gov tool with an awareness campaign dubbed (SmartCheck Week), the CFTC aims to increase awareness of both the tool itself and the importance of due diligence… Read More >>
Newcomer Eventus Debuts Ops Platform
New financial technology vendor Eventus Systems is debuting the Validus platform, which features “multi-stream data reconciliation,” officials say. The vendor says the platform is “a new way to capture and organize data flows and then process, reconcile, transform and pipeline that data in order to accurately report on risk,” officials say. “The platform is built… Read More >>
ISDA Pushes for Centralized Trading Rules
The International Swaps and Derivatives Association (ISDA) has published a “set of principles aimed at promoting regulatory consistency in the development and application of centralized trading rules for derivatives,” according to a company statement, the latest step in the industry group’s efforts to get regulators and firms on the same page when it comes to… Read More >>
Electra’s New Office to Provide BCP/DR Support
Back-office financial technology vendor Electra Information Systems reports that it has opened an office in St. Petersburg, Fla., to provide itself with more options for operations, and to provide its clients with more business continuity planning and disaster recovery (BCP/DR) support. Andy Gnibus, Electra’s manager of data services, will oversee the office, which will initially… Read More >>
