Social media compliance vendor Hearsay Social has unveiled new mobile applications for iPhone and Android that will link clients to Hearsay’s Predictive Social Suite, according to a company statement. Hearsay is a privately held, San Francisco-based provider of software-as-a-service predictive technologies that enable financial advisors and insurance agents to “identify opportunities” and “engage with their… Read More >>
Gresham Computing Takes On Transaction Reporting
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 >>
ISITC to Join the T+2 Push in the U.S.
The push for a shortened settlement cycle in the U.S. will be a key part of the agenda for the International Securities Association for Institutional Trade Communication (ISITC) during 2015, says Jeffrey Zoller, the chair of the trade processing standards group. In the U.S., the securities industry settles trades in equities and certain debt securities… Read More >>
Ex-NYSE CEO Joins Tera as Advisory Director
Tera Group, the parent company of the TeraExchange derivatives trading platform, reports the appointment of former New York Stock Exchange CEO Duncan Niederauer as an advisory director. In that capacity, Niederauer will “provide the firm with strategic advice and insight on growth strategies,” according to a Tera statement. “In addition, he will participate in select senior-level client… 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 >>
DTCC’s Client Data Hub Live at Five Top Banks
Barclays, Credit Suisse, Goldman Sachs, JPMorganChase and State Street are using the Clarient Entity Hub, a client onboarding and data management solution made by Clarient Global, a new DTCC company, officials say. The service helps firms “store, maintain and distribute data and documentation to relevant counterparties, service providers and regulators in order to comply with… Read More >>
Smarsh Appoints a CFO
Portland, Ore.-headquartered Smarsh, a provider of hosted archiving solutions for e-mail, social media compliance and e-discovery, reports that Allen Muhich has been named chief financial officer (CFO). A 20-plus-year financial-industry veteran, Muhich most recently was CFO at Radisys, where he “drove significant integration activities while maintaining a strong focus on financial business partnering, organizational effectiveness… 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 >>
Barney Frank: Dodd-Frank’s Future Depends on 2016 Election
The future of the Dodd-Frank Act depends on the outcome of 2016 presidential election, says former U.S. Congressman Barney Frank, co-author of the massive financial services reform legislation. Frank says the law will be repealed if the Republicans win the White House, Senate and House of Representatives next year. During an appearance on a radio… Read More >>
ICE Futures Hit with $3M Penalty for Trade Reporting Errors
Derivatives marketplace ICE Futures U.S. has been slapped with a $3 million civil monetary penalty by the CFTC over repeated failures to comply with trade reporting requirements over a 20-month period, officials say. ICE Futures U.S. is a futures and options exchange for agricultural, energy and financial contracts. It is part of the Intercontinental Exchange… Read More >>
