Industry Players and Vendors Back Hyperledger Project The Hyperledger Project, an open source blockchain initiative from the nonprofit Linux Foundation, founded in 2000, reports the following new members: Chris Ferris, chief technology officer (CTO) of open technology at IBM, becomes chair of the project’s technical steering committee (TSC); Blythe Masters, CEO of Digital Asset… Read More >>
Broadridge Adds Fourth Senior Manager from Asset Control
Broadridge Hires for Data Management Experience Lake Success, N.Y.-based Broadridge Financial Services reports that it has added four former Asset Control executives, all of whom have extensive experience with data management software. Robert Revesz has been named senior director, with a focus on reference data client services and implementations, Broadridge says, noting that he joins… Read More >>
Two Ex-Rabobank Traders Face Jail Time in the U.S.
While U.S. presidential candidates cry for more investment banking personnel to be in orange jumpsuits, two former derivatives traders for Rabobank, headquartered in Utrecht, The Netherlands, might one day be donning new outfits as they have been sentenced to serve time in a U.S prison. The sentencing of the two British nationals last week followed… Read More >>
SEC Revamps OCIE to Bolster Surveillance
The SEC has created the Office of Risk and Strategy within its Office of Compliance Inspections and Examinations (OCIE) in order to consolidate OCIE’s risk assessment, market surveillance, and quantitative analysis teams, SEC officials say. The streamlining effort is intended to bolster operational risk management and organizational strategy for OCIE, officials add. The effort is… Read More >>
ISE Fills Two Executive IT Management Posts
ISE’s Chief Information Officer to Retire in April The International Securities Exchange (ISE) reports that Robert Cornish, its current chief technology officer (CTO), will move to the post of chief information officer (CIO) on the April retirement of current CIO Daniel Friel, while Thomas Reina, the current senior vice president, technology development, will become CTO…. Read More >>
SEC Penalizes Ex-Deutsche Bank Analyst $100K
The SEC has censured a former Deutsche Bank research analyst who was charged with “certifying a rating on a stock that was inconsistent with his personal view.” The former analyst, Charles P. Grom, follows the familiar formula of neither admitting nor denying the charges in the SEC’s cease-and-desist order. However, he has “agreed to settle… Read More >>
JPMorgan Asset Management Fills Top EMEA Post
JPMorgan Names EMEA Head of Portfolio Management J.P. Morgan Asset Management has appointed Anthony Simpson as EMEA head of client portfolio management (CPM) for multi asset solutions, which “manages $180 billion of multi asset class portfolios for institutions, intermediaries and individuals globally,” J.P. Morgan says in a statement. Simpson, who is based in London, reports… Read More >>
SEC Closes Loophole for Security-Based Swaps
The SEC is moving to close a loophole in cross-border, security-based swaps trading that allows firms to sidestep U.S. regulation and facilitates regulatory arbitrage between markets in the U.S and the European Union. In a vote last week, the SEC adopted rules that “require a non-U.S. company that uses personnel located in a U.S. branch… Read More >>
Chinese Investor Group to Buy Chicago Stock Exchange
Investor group Chongqing Casin Enterprise Group (the Casin Group) is acquiring the Chicago Stock Exchange (CHX) and intends to grow CHX’s listings business, launch a second equity trading book, and bring to market other trading products, officials say. The Casin Group is headquartered in Chongqing, a city in Southwest China, and is a diversified holding… Read More >>
Obama Wants to Boost Funding for SEC, CFTC
For the last budget of his presidency, Barack Obama will be calling for increased funding of the two main watchdogs of the securities industry — the SEC and CFTC — as a way of maintaining his administration’s Wall Street reforms after he leaves office. The forthcoming budgetary request came to light via a blog posting… Read More >>
