TRADEcho to Hit Early Next Year The London Stock Exchange Group (LSEG) and Boat Services Ltd. will be offering TRADEcho, a combination of the two vendors’ existing and complimentary trade reporting services, officials say. TRADEcho is slated to be available by the first quarter of 2017 and will offer a single trade reporting venue and… 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 >>
PIMCO to Centralize KYC Efforts
Asset manager Pacific Investment Management Company (PIMCO) is signing on to use the “Kyc.com” centralized know-your-customer (KYC) service to add to its due diligence and onboarding requirements for KYC, anti-money laundering (AML), tax, credit and legal agreements, say officials at the Newport Beach, Calif.-based firm. The kyc.com service is a joint venture between information and… Read More >>
Broadridge Platform Targets Post-Trade Ops Integration
Broadridge Financial Solutions has a new platform for its post-trade solutions and services that brings together processing engines with new, Java-based components, intended to provide financial services firms with a standardized, streamlined environment. The new Global Post Trade Management (GPTM) solution is intended to bring new operational advantages to global trade processing and management because… Read More >>
Asset Managers Forced to Wring More Value Out of Data
Asset managers are facing a challenging dynamic in that they have to deal with ever-greater data flows and are under pressure to make the most of that data. Many asset managers say they are not squeezing value out of their data. In a recent survey conducted by The Economist Intelligence Unit (EIU) and sponsored by… Read More >>
ATS Firm Broadens Surveillance via Enterprise-Wide Platform
A broker-dealer/alternative trading system, PDQ ATS, has deployed the Validus run-time enterprise risk and compliance platform from Eventus Systems in order to get a broader view of risk exposure, say officials at the firm and the vendor. From its headquarters in Glenview, Ill., PDQ ATS provides liquidity aggregation for market participants via an auction process,… Read More >>
NICE Actimize System Offers Cross-Asset Surveillance
Risk and compliance vendor NICE Actimize has launched a “compliance-as-a-service” cloud-based offering that promises to provide surveillance capabilities across multiple asset classes. The new Actimize Cross-Asset Cloud Markets Surveillance solution will also offer case management capabilities to help financial services firms formulate their enterprise-wide scans for risk, vendor officials say. “Cross asset is extremely important… Read More >>
FIX Group Backs ISO OTC Identifier Effort
The FIX Trading Community is throwing its support behind a standards-creation effort that would assign identifiers to over-the-counter (OTC) derivative instruments as mandated by the Markets in Financial Instruments Directive/Regulation (MiFID II) requirements. The non-profit body behind the FIX electronic trading protocol is sponsoring a study group of the International Organization for Standardization (ISO) that… Read More >>
UBS Securities to Deploy Risk and Surveillance Platform
UBS Securities has begun to implement a risk and surveillance platform that will centralize the viewing of trading, operations, compliance and risk management information. The firm is deploying the Validus platform from Eventus Systems, an Austin, Texas-based software provider that offers solutions for processing and analyzing data across an organization. “Implementation of Validus has just started,”… Read More >>
Markit Lines Up Clients for KY3P Platform
Two Asset Managers Take KY3P Platform Markit, a provider of financial information services and systems, reports that two asset managers — BlueBay Asset Management and Loomis, Sayles & Co. — and a software services company Luxoft are new customers for Markit’s Know Your Third Party (KY3P) platform. The sales for the KY3P platform have been… Read More >>
