RJO Promotes Staniford to President Chicago-based R.J. O’Brien & Associates (RJO), which is generally regarded as the oldest and largest independent futures brokerage and clearing firm in the United States, reports that Daniel Staniford has been named president. Staniford will “act on behalf of RJO and all of its global affiliates and related entities, including… Read More >>
SimCorp & JPMorgan Partner to Ease Ops Integration
A new collaboration between SimCorp and JPMorgan’s Securities Services group is intended to help their mutual clients share intraday and multi-asset data — a key part of a new effort to bring interoperability and transparency to SimCorp’s systems and the investment bank’s pre-trade, post-trade, trading, and treasury solutions. This tighter integration between front-and-middle office operations… Read More >>
SimCorp & Intellibonds Aim A.I. at Portfolio Construction
Investment management systems vendor SimCorp and fixed income analytics specialist IntelliBonds are partnering to offer front-office portfolio management teams alpha generation capabilities that exploit cutting-edge technologies and offer a path to system consolidation, officials say. The partnership will integrate cloud-based workflows that are augmented by artificial intelligence (A.I.) technologies as the way to bolster productivity… Read More >>
Fidelity Hiring to Fill 4,000 Positions
Fidelity to Make Ops & IT Hires Too Money manager Fidelity Investments is on hiring spree and is seeking to fill approximately 4,000 positions across the U.S. over the coming six months to meet “unprecedented customer growth and engagement,” Fidelity says. “Recent market volatility and an increasingly complex economic environment has driven millions of new… Read More >>
Start-Up MEMX Launches Live Equities Trading
Members Exchange Trades in Seven Symbols A securities exchange start-up, the Members Exchange (MEMX) launched live trading via the U.S. equity market on Sept. 21, the first phase of MEMX’s rollout schedule. “A quick update on our first day of trading,” wrote Jonathan Kellner, CEO of MEMX, in a blog posting. “We executed our first… Read More >>
SimCorp’s Dimension Moves to Microsoft’s Azure: Q&A
(SimCorp, a provider of multi-asset investment management solutions and services, recently announced that it will be integrating its Dimension platform with the Microsoft Azure cloud computing platform. This phased integration will yield the hosted, SimCorp Dimension-as-a-Service offering via a public cloud, officials say. The move is the vendor’s response to the needs of its clients… Read More >>
CFTC Entices More Prime Brokerages to Use SEFs
CFTC Issues No-Action SEF Relief for Prime Brokers Prime brokerages are getting new encouragement to trade swaps via swap execution facilities (SEFs), according to a recent action via the CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO). Officials at the division announced that they will provide no-action relief to facilitate prime brokerage activities on… Read More >>
Norwegian Firm Saves $1.1M by Consolidating Systems
A major Norwegian securities firm, Storebrand Asset Management, has replaced incumbent systems with those of SimCorp for a front-to-back-office consolidation that has yielded $1.1 million in savings, confirm vendor and Storebrand officials. In fact, Storebrand officials report that it is Norway’s largest private asset manager with €71 billion ($81.4 million) in assets under management (AUM),… Read More >>
Spanish Firm Revamping Ops via IBOR
A major wealth and asset management firm in Spain, CaixaBank Asset Management, is revamping front-to-back office operations via an Investment Book of Record (IBOR) approach that uses one source of real-time data, delivered enterprise-wide for positions, cash and exposure. The firm will be using a SimCorp Dimension-based IBOR to address its data management issues, and… Read More >>
FTF News Unveils Winners of 2018 FTF Awards
Providers of established and cutting-edge technologies such as blockchain ledgers and artificial intelligence are getting the spotlight in the winners’ circle of the annual FTF News Technology Innovation Awards for 2018, the eighth time that Financial Technologies Forum (FTF) has recognized achievements in the securities operations industry. Other than the Editor’s Choice award, qualified industry… Read More >>
