Berkeley Heights Is Site of New Fiserv Campus Payments and financial technology vendor Fiserv is expanding its presence in New Jersey via a new location in Berkeley Heights that will bring approximately 2,000 jobs to the area, officials say. “The planned Fiserv campus will serve as a strategic center of excellence for technology and product… Read More >>
Linedata Partners with UnaVista for ARM Services
In a MiFID II compliance move, Linedata, an investment management solutions and outsourcing services vendor, is partnering with the UnaVista division of the London Stock Exchange Group (LSEG) to enable their mutual clients to use UnaVista as an Approved Reporting Mechanism (ARM) to facilitate transactions to National Competent Authorities (NCAs). The partnership with UnaVista will… Read More >>
Mizuho Americas Embraces Program & Electronic Trading
Mizhuo Americas Expands Equities Platform Mizuho Americas, part of Mizuho Financial Group, reports that it will be adding to the equity offerings of its securities division via the establishment of program trading and electronic trading. In fact, Mizuho officials have appointed George Nikitiadis as the managing director, head of program trading, and Lindsey Burik as… Read More >>
NEX Optimisation Fills Top Sales Post for ENSO
NEX Optimisation Sales Head to Expand Partnership NEX Optimisation, which characterizes itself as a transaction lifecycle specialist, reports that Paul Busby has been named global head of sales for New York-headquartered ENSO Financial Analytics, its “portfolio finance and centralized treasury management” software tools for the buy-side. He will be responsible for “expanding sales and strategic… Read More >>
MiFID II Challenges Hit the Buy Side Hardest
Although the financial services industry is counting down to MiFID II’s January 2018 deadline, the most profound impact will be on the buy-side community. They are not only preparing to conduct their own transaction reporting but they will also have to separate research from execution and become much more accountable for proving best execution across… Read More >>
ISDA Worries Firms Will Miss Margining Deadline
New Variation Margining Rules Hit March 1 Starting March 1, financial services firms will be subject to “new rules that will require them to exchange variation margin on their non-cleared derivatives trades,” but many of them may miss that deadline, says Scott O’Malia, CEO of the International Swaps and Derivatives Association (ISDA) in the Jan…. Read More >>
Special Report: Coping With the Challenges of Regulatory Reporting
In this special report, FTF News delves into the many challenges that global financial services firms face when they have to meet the multiple, complex and sometimes overwhelming requirements of regulators overseeing major financial markets. As financial reform has taken root since the global financial crisis, regulatory reporting to multiple authorities across many geographies has… Read More >>
UnaVista Hires from Electra Information Systems
UnaVista Expands Again in North America Neil Giavara, formerly the senior sales director at reconciliation and post-trade systems vendor Electra Information Systems, has joined the North American branch of UnaVista, a hosted software platform vendor for matching, reconciliation and regulatory reporting that is part of the London Stock Exchange Group (LSEG). Giavara was at Electra… Read More >>
Sapient Debuts Portal to Compliance Platform
With the official debut of the CMRS Portal, an outsourced, “low-touch” web link, consultancy Sapient Global Markets is targeting smaller securities firms that have a fairly low volume of derivatives trades to report to regulators and other organizations. The CMRS Portal will allow firms to use the services of the established Sapient CMRS (Compliance Management… Read More >>
Recs to Face Greater Regulatory Scrutiny in Europe
European regulators are focusing greater attention on data integrity particularly when it comes to the reconciliation of securities operations, and that may give the back office a stronger role in the IT budgeting process, say Maryse Gordon, a senior pre-sales consultant for the UnaVista hosted services business of the London Stock Exchange Group. Speaking at… Read More >>
