City of London-based Gresham Computing plc, a provider of transaction control solutions, reports the launch of Clareti Transaction Control (CTC) Transaction Reporting. The CTC Transaction Reporting solution allows a financial institution to “verify and validate that trades reported to trade repositories comply with the requirements of regulations for eligible trades under Dodd Frank, EMIR, REMIT,… Read More >>
Sapient, Capco Vet Joins SimCorp for Top Sales Post
Investment management systems vendor SimCorp has hired Scott Johnson, formerly of the financial consultancies Capco and Sapient Global Markets, as a vice president and head of sales for North America, officials say. In his new role, Johnson will be responsible for heading up a team of sales professionals and product specialists. He will be based… Read More >>
Why Corporate Actions is Still an Ops Burden
Last week, in an FTF News story about a new white paper from financial messaging cooperative SWIFT, I focused on the toll that regulatory compliance is taking on financial services firms. I wasn’t able to delve into the corporate actions section of the SWIFT paper but I can do that now. As I noted, the… Read More >>
Liquidnet Bolsters Execution Services Group
Institutional trading network Liquidnet has hired Chris Jackson as the European head of Liquidnet’s Execution and Quantitative Services (EQS) Group, officials say. In his new role, Jackson will be responsible for “setting the strategic direction of the European Trading Desk and Algorithmic Services Group, as well as heading up the senior sales effort for Liquidnet’s… Read More >>
Watson Wheatley Adds Equity Module to i-Recs
Reconciliation systems vendor Watson Wheatley Financial Systems (WWFS) has released a new Total Equity Module for Derivatives Reconciliation for its i-Recs platform, officials say. The module facilitates matching of any margin traded instruments, and its “unique methodology” can help solve “the book cost differences that appear on derivative instruments,” according to a company statement. The… Read More >>
Cronos Consultants Group Partners with Misys
Misys, a financial software and systems vendor, has signed an agreement with Cronos Consultants Group to become a member of the Misys InFusion partner program. The program is in effect in the UK and Ireland, officials say. The companies are long-time collaborators, according to a Misys statement, with Cronos “providing consulting, system integration, infrastructure and… Read More >>
Finsapp and Volante to Build Solutions
Finsapp, a specialist system integrator for the SAP enterprise resource planning (ERP) software provider, and Volante Technologies, a provider of software for the integration, validation and processing of financial messages and data, report that they have entered into a partnership to build business domain solutions. The solutions will be “based on interbank, intrabank and bank… Read More >>
ISDA Takes Aim at Derivatives Reporting Roadblocks
One of the key components of the 2010 Dodd-Frank law was an effort to increase the transparency of the notoriously opaque derivatives markets, which played a major role in the Great Recession. Five years down the line and regulators have made significant progress toward achieving that goal, according to industry group International Swaps and Derivatives… Read More >>
Michael Atkin: ‘DCAM Harmonizes the Data for the Prime Goal’
Non-profit trade association, the Enterprise Data Management (EDM) Council has just released the Data Management Capability Assessment Model (DCAM), a collection of best practices for the management of data across an enterprise. The new DCAM documentation is intended to help firms “align data across multiple internal repositories in order to operate more efficiently and meet… Read More >>
Electra Tackles Month-End Recs Problem
For some reconciliations professionals working in post-trade operations, it can seem like some jobs just don’t end when they’re supposed to. This is especially true when it comes to performing month-end reconciliations, where back-dated transactions from prime brokers and other counterparties can often come through days or even weeks after the actual end of the… Read More >>
