Jim Mullen has seen more than his fair share of change during his 25-odd years in the telecommunications and financial services worlds, having lived through both the mobile phone explosion of the early nineties and the automation of financial markets that took off in the late nineties. Those revolutions left both industries in flux and… Read More >>
CFTC Unveils Market Risk Advisory Committee
The CFTC has unveiled the names of the members of its new market risk advisory committee. The committee, chartered in 2014, is meant to supports efforts to “to detect and mitigate risks within the market to industry participants, consumers, and the broader financial community,” the CFTC says in a statement. “This year, the committee intends… Read More >>
Broadridge Expands Professional Services
FinTech systems and services vendor Broadridge Financial Solutions is expanding its professional services practice, which focuses on regulatory, operational and business transformation challenges, and has hired Erik DiGiacomo to lead the practice, officials say. In his new role as head of Broadridge’s professional services practice, DiGiacomo will expand the practice, “leveraging a growing team and… Read More >>
Former Pipeline Trading Exec Joins Fidessa
London-based electronic trading platform and services vendor Fidessa has hired Jay Biancamano, the one-time executive chairman and CEO of Pipeline Trading, to be its new head of equities product marketing for the Americas, a move Fidessa describes as a “key appointment for its sell-side business.” Pipeline was a predictive analytics and algorithmic trading firm that… 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 >>
Is FIX the ‘Stretch-Through Processing’ Standard?
The FIX Trading Community, the keeper of the groundbreaking Financial Information eXchange (FIX) protocol for electronic trading, is widening the reach of the language via a best practices document intended to help firms automate the initial public offering (IPO) process. The FIX group reports that buy-side firms made it known via the FIX Global Buy-Side… Read More >>
SIFMA Pushes Back on Revamp of Retirement Savings Rules
President Barack Obama announced Monday that he wants to see “major actions” taken to update the rules governing retirement savings that will focus on conflicts of interest. The White House will be directing the Department of Labor (DOL) to “crack down on Wall Street” in order to protect investors from conflicted retirement advice, officials say…. Read More >>
Hearsay Social Targets Advisers with Platform
Social media compliance vendor Hearsay Social has rolled out a comprehensive social media platform for financial advisers and insurance agents, dubbed “Predictive Social Suite,” officials say. The platform aims to “enable these relationship managers to identify multi-channel client buying signals and share the right information at the right time, increasing the quality and quantity of… Read More >>
SEC Spat over Regulation SBSR Goes Public
Two Republican commissioners of the SEC publicly criticized the agency’s handling of its newly passed Regulation SBSR last week, the latest in an ongoing spat over the regulation. On Wednesday, Feb. 11, SEC Commissioners Daniel M. Gallagher and Michael S. Piwowar released an open letter criticizing the SEC for adopting Regulation SBSR even though shortly… Read More >>
National Reference Data Groups Use SWIFTRef
Financial messaging and services cooperative SWIFT is making its SWIFTRef global reference data platform available for national reference data collection and maintenance services, officials say. The SWIFTRef platform is used to collect worldwide payments reference data for use by more than 5,500 financial institutions and 500 corporates globally, officials say. SWIFTRef data helps firms populate… Read More >>
