BNP Paribas has decided to automate its process of assessing and calculating initial margin requirements for cleared derivatives portfolios by deploying the FIS Cleared Derivatives Margin Advisor, a cloud-based solution that the French bank expects will help it contain costs. The self-service offering from the U.S. vendor FIS is intended to help sell-side firms, investment… Read More >>
Fenergo to Target the Buy-Side Market
Fenergo, which established itself as a provider of client management solutions for sell-side firms, reports that it is branching out to offer buy-side clients onboarding and regulatory compliance services and has made a major hire to oversee a new buy-side division. Based in Dublin, Ireland, the vendor has hired Kevin O’Neill to be its new… Read More >>
Eikos Partners Open Sources Toolkit to Hasten App Development
Financial technology consultant Eikos Partners is open sourcing a JavaScript toolkit and offering its related consulting services in a bid to help buy-side and sell-side firms speed up their development of applications for the trading lifecycle. The consultancy will offer the JSCatalyst toolkit in combination with the Eikos design thinking methodology to help financial services… Read More >>
Cinnober Spins Off Clearing Unit to Target the Sell Side
Swedish post-trade technology provider Cinnober is spinning off its real-time, clearing business into a dedicated separate subsidiary to provide client clearing for large international banks. It is currently looking to build a management team and hire a CEO to take it to the next stage. Cinnober provides technology for trading and clearing venues across the… Read More >>
Investors Still Like Sell-Side Salespeople
An interesting report on how investors still rely on sell-side advice and interactions even while swap trading is moving quickly to electronic platforms slipped past me, but it’s worthy of belated notice. The report (issued late last month) from Greenwich Associates, “Interest-Rate Derivatives Sales: Not What It Used To Be, But No Less Important,”… Read More >>
Fidessa Names Head of European Sell-Side Sales
Fidessa, the London-based electronic trading platform and services vendor, has hired Peter Holmgren as its new head of business sales for sell-side trading systems in Europe, officials say. In his new role, Holmgren will be responsible for sales across all asset classes to the European broker community, officials say. He will be based in Fidessa’s… Read More >>
Swaps Margin Rules to Slam Big Sell-Side Firms
New swap margin rules could push more derivatives trading onto clearinghouses and create a host of operational difficulties at big banks, but may leave the buy side relatively unscathed when they go into effect next year, analysts say. Last Wednesday regulators unveiled a draft proposal of the rules, which establish a minimum amount of collateral… Read More >>
