In other news, SimCorp is closer to becoming part of Deutsche Börse, ComplyAdvantage joins AWS, and IntelligentCross ATS will debut on FINRA’s ADF.
Course Targets Firms that Use ISDA Master Agreements
Edyta Knizewska, a derivatives documentation expert, reports that she is offering an online course about “understanding and negotiating ISDA Master Agreements.”
The master agreements “govern over-the-counter derivatives transactions,” and Knizewska, a legal consultant, negotiator and derivatives lawyer wants to offer her experience through her ISDA Lab course.
“This is a chance for students to invest in themselves and take their careers and lives to the next level,” says Knizewska, who is the founder of FIT Legal (a boutique legal consultancy business) and Derivatives Lab. She serves as a legal and business consultant to asset and investment management firms, FTSE 100 companies, and broker-dealers.
Knizewska has worked for Credit Suisse as its legal counsel and negotiator shortly after leaving private practice and headed the firm’s over-the-counter (OTC) documentation team in Poland. Later, she returned to London to continue working as Credit Suisse’s legal counsel within the global prime advisory group, officials say. In addition, Knizewska later joined the buy-side and joined Man Group PLC, the world’s largest listed hedge fund manager, officials say.
“I had a fantastic time at Man. This is where I grew and developed not only as a derivatives lawyer but also as a manager co-heading their prime brokerage and trading legal team in London,” Knizewska says.
Knizewska is a legal consultant, negotiator and derivatives lawyer who has spent more than 15 years working in the financial services industry.
Regulators Approve Deutsche Börse’s Takeover of SimCorp
Deutsche Börse AG officials have confirmed that on Aug. 23 they have the final regulatory approval via the European Commission to complete their public takeover of the Danish investment solutions provider SimCorp A/S.
Deutsche Börse’s takeover of SimCorp began in April 2023 when Deutsche Börse made an “all-cash voluntary recommended public takeover offer to acquire all of the issued and outstanding shares (except treasury shares) in SimCorp” for a total of $4.3 billion.
“Thus, Deutsche Börse affirms that the offer period for the cash offer expires on 19 September 2023 at 23:59 (CEST) but remains subject to a minimum acceptance level of 50 percent plus one share of all SimCorp shares,” according to Deutsche Börse.
“SimCorp shareholders who have not yet accepted the offer but wish to do so are encouraged to take action well before 19 September 2023 as the offer expires on that day. Certain institutions may have earlier deadlines for submission of the acceptance form. The offer is expected to be settled and thus completed on 29 September 2023 at the latest,” officials add.
The offer document and other related documents can be viewed and downloaded at: https://bit.ly/3qOgnpU
ComplyAdvantage Joins AWS Program for ISVs
ComplyAdvantage reports that it has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program. ComplyAdvantage offers AI-based financial crime risk data and fraud detection technology.
By joining the program, AWS partners that have software solutions that run on or integrate with AWS can connect with participating ISVs with the AWS Sales organization, officials say.
“Joining the ISV Accelerate Program allows ComplyAdvantage to streamline the delivery of our financial crime solutions to businesses much in need. We’re excited to go to market with AWS and look forward to building relationships with new customers as a result of this program,” says Oliver Furniss, chief product officer of ComplyAdvantage, in a prepared statement. “More and more customers are interested in buying through marketplaces these days anyways, so it just makes sense for ComplyAdvantage to be there.”
“Further, ComplyAdvantage is offering its Sanctions, PEPs, Adverse Media, Customer Screening and Monitoring solution via the AWS Marketplace with other solutions including Transaction Screening to follow,” according to ComplyAdvantage. “AWS Marketplace is a managed software catalogue that allows businesses to easily purchase and invoice software from trusted vendors.”
In addition to offering limited self-service subscription packages, ComplyAdvantage will also offer private offer subscriptions for those who want to work with ComplyAdvantage to develop a bespoke commercial solution package and to enable them to invoice centrally through AWS, officials say.
ASPEN Fee/Fee displayed orders will be published to the ADF and treated as “protected quotations,” providing opportunities for additional high-quality and better-priced liquidity to all investors.
IntelligentCross ATS to Be Added to FINRA’s ADF
An SEC-registered U.S. equities alternative trading system, IntelligentCross will be a new entrant to FINRA’s Alternative Display Facility (ADF) as the result of the SEC’s approval of a FINRA-proposed rule change, officials say.
“The addition of our displayed liquidity to the public quote will make these quotations available to all market participants and enable them to access better prices, bringing more quality liquidity, performance, and price discovery to the broader markets,” says Roman Ginis, founder and CEO of Imperative Execution, the parent company of IntelligentCross ATS, in a prepared statement.
“We’re proud to be able to make this contribution to better market efficiency for investors. It’s the right thing to do. We look forward to working with the Commission, FINRA, and all market participants to ensure a smooth implementation process,” Ginis adds.
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