Torstone to Provide Post-Trade Ops to Tower Research Capital Market maker Tower Research Capital reports that it will be using the post-trade services of vendor Torstone Technology to grow and diversify its traded asset classes, officials say. “As we continue to diversify into new asset classes and trading strategies, at ever-increasing volumes, we need… Read More >>
Schroders Takes Majority Stake in Impact Investor
Schroders Invests in BlueOrchard Global asset manager Schroders and BlueOrchard Finance Ltd. have announced that they have entered into an agreement “under which Schroders will acquire a majority stake in leading impact investor BlueOrchard,” officials say. Based in Zurich, Switzerland, BlueOrchard, which is engaged in microfinance and impact investing, was founded in 2001, officials say…. Read More >>
Deutsche Bank Clients Using LCH CDSClear
First German Bank to Use CDSClear Deutsche Bank is the first German bank to offer its clients clearing via CDSClear, and asset management firms MEAG and Union Investment are clearing European and U.S. credit default swap (CDS) instruments via global clearinghouse group LCH. “Offering clients access to LCH CDSClear will provide them with more… Read More >>
ITI Capital to Deploy Torstone’s ‘Inferno’
ITI Capital, a brokerage and investment house, has begun implementing a post-trade processing platform, Inferno, from Torstone Technology to help it deal with growing pains as its institutional business takes off. The firm has signed a multi-year agreement with the post-trade securities and derivatives processing vendor, which will provide a multi-asset, multi-entity cloud-based system that… 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 >>
Deutsche Börse Taps UniCredit Bank for Next CEO
New Deutsche Börse CEO to Serve for Three Years The next CEO for the Deutsche Börse will be Theodor Weimer from UniCredit Bank who will serve for three years, starting Jan. 1, 2018, according to the supervisory board of the exchanges and clearing company. The 57-year-old Weimer “will take over from CEO Carsten Kengeter who… Read More >>
Opus Launches GDPR Compliance Solution
Opus Targets GDPR Third-Party Requirements Opus, a vendor of compliance and risk management solutions, has launched the Third Party GDPR Compliance solution, created to “identify and manage General Data Protection Regulation (GDPR) risk in third-party relationships,” officials say. “The European Union’s General Data Protection Regulation, which comes into force on May 25, 2018, is a… Read More >>
Industry Veteran Mack Gill Tapped to Be Torstone COO
Gill Leaves CEO Post at MillenniumIT Torstone Technology, the London-based provider of post-trade securities and derivatives processing, has appointed industry veteran Mack Gill as chief operating officer (COO) and as a member of the board of directors, company officials report. Gill, who will be based in London, was most recently the CEO of MillenniumIT, a… Read More >>
Torstone Hires from FIS, Broadridge for European Foray
Torstone Reports More Demand in Europe Torstone Technology, a provider of post-trade securities and derivatives processing, reports the appointment of Paul Phillips as head of European sales and Paul Mundy as product manager, both based at the firm’s London headquarters. These appointments are a response to “increased demand among Torstone’s client base who are required… Read More >>
CME to Close European Derivatives Exchange & Clearinghouse
CME to Complete Closures by the End of 2017 Citing customer preferences for its U.S. infrastructure, CME Group officials report that they will be closing the London-based derivatives exchange, CME Europe, and the clearinghouse, CME Clearing Europe, by the end of the year, officials say. For the dismantling, CME Group officials will be working… Read More >>
