CME Group, the derivatives marketplace headquartered in Chicago, and Korea Financial Investment Association (KOFIA), report that they have signed a letter of intent to explore market education and training collaboration. A letter-of- intent signing ceremony was held in Seoul, where Christopher Mead, managing director, marketing, CME Group, and Sang-Hun Chun, managing director, KOFIA, were the signatories,… Read More >>
ITG to Aide Buy-Side to Buy-Side Trades via Bondcube
Bondcube, a fixed income trading platform, has appointed execution broker ITG as a U.S. trading intermediary for Bondcube’s buy-side to buy-side trades, officials say. For the new role, ITG will facilitate the settlement of trades between buy-side participants. In addition, the partnership will increase the probability of a match for clients of ITG and Bondcube… Read More >>
SEC Proposal Takes on Executive Pay
The SEC is proposing to give investors and others a new way to tell if executives at banks (and other public companies) actually deserve the high salaries, stock options and perks they are getting. However, being able to check executive salaries against new performance metrics and against results within a peer group may not be… Read More >>
Piper Jaffray Hires for New Financial Services Group
Piper Jaffray Companies, an investment bank and asset management firm, is making a “full-scale entry into the financial services sector” via a financial institutions group (FIG) that will include partners in sales and trading, equity research, fixed income and investment banking — all focused exclusively on financials coverage, officials say. “We remain focused on significantly… Read More >>
PWC Partner Returns to SEC Accounting Group
The SEC has hired Wesley R. Bricker as its new deputy chief accountant, following his second stint at PricewaterhouseCoopers (PWC), officials say. In his new role, Bricker will oversee the accounting group in the SEC’s Office of the Chief Accountant. Bricker has more than 15 years’ experience in public accounting, and joins the SEC from… Read More >>
Macquarie Securities Fills Top Post for Execution
Macquarie Securities, the institutional equities arm of Macquarie Group, has appointed Stuart McWilliam as global head of electronic execution for Macquarie Securities, officials say. McWilliam has responsibility for Macquarie’s market-leading electronic product in Australia. In his new role, he will also be responsible for the continued development of Macquarie’s U.S. and European electronic products, officials… Read More >>
SEC Promotes Acting Head of Investment Management Unit
The SEC reports that David Grim has been named director of the division of investment management. Grim has been the division’s acting director since February, following the departure of former director Norm Champ. Grim joined the SEC in September 1995 as a staff attorney in the division’s office of investment company regulation, according to a… Read More >>
Mizuho International Revamps Data Infrastructures
Mizuho International, a subsidiary of one of the largest financial institutions in Japan, has gone live with a security master application from reference data vendor GoldenSource, officials say. The deployment of the Securities & Products application follows the investment bank’s January deployment of GoldenSource’s entity master application, dubbed Customers & Counterparties, officials say. Integrated on… Read More >>
ISDA Service to Offer EMIR Clearing Tool
The International Swaps and Derivatives Association (ISDA) and Markit, a London-based provider of financial information services, report the launch of the European Market Infrastructure Regulation (EMIR) clearing classification tool on ISDA Amend, the ISDA and Markit online service that facilitates compliance with “certain EMIR and other regulatory requirements.” Specifically, the tool “enables derivatives users to… Read More >>
Bancolombia to Deploy FATCA Solution
AxiomSL, a provider of regulatory reporting and risk management solutions to the financial services industry, reports that Bancolombia, Colombia’s largest bank, will be deploying AxiomSL’s Foreign Account Tax Compliance Act (FATCA) solution. The FATCA solution is a “scalable and cross-border tax reporting platform which will leverage the bank’s reporting process to ensure on-time compliance with… Read More >>
