A major asset management firm, AllianceBernstein, is finding that the Holy Grail of digital transformation can be kicked off from the desktop. The firm will be applying the operating system and related technologies from vendor OpenFin as a way to facilitate a revamp of the way desktop and web apps interact, officials say. The collaboration… Read More >>
CFTC Exempts Key MTFs From SEF Status
U.K. MTFs Can Operate as Exempt SEFs The U.S. Commodity Futures Trading Commission (CFTC) has issued an amended order that will allow an additional four multilateral trading facilities (MTFs) authorized within the European Union to be exempted from the requirement to register with the CFTC as swap execution facilities (SEFs). The four additional United Kingdom-based… Read More >>
Autonomous Research to Become Part of AllianceBernstein
AllianceBernstein (AB) has put forth an offer to buy Autonomous Research, based in London, in a bid to provide AB clients the “highest quality independent research,” say officials at the U.S. asset manager. AB officials did not disclose the financial details of the transaction. AB, which has $530 billion of assets under management (AuM), encompasses… Read More >>
AllianceBernstein to Move HQ Out of New York City
Asset manager AllianceBernstein L.P. (AB) is moving its corporate headquarters from midtown Manhattan to Nashville because of Tennessee’s lower taxes, affordable housing for employees, and a cost of living that is superior to that of the New York City area. The new headquarters, expected to be ready in two years, will mean the relocation of… Read More >>
ANNA Advances ISIN Effort for OTC Attributes
ANNA Subsidiary Conducts Industry Outreach A subsidiary of the Association of National Numbering Agencies (ANNA) has gathered feedback on developing over-the-counter (OTC) International Securities Identification Number (ISIN) attributes in order to ease MiFID II reference data reporting. ANNA serves as the registration authority for the ISIN under appointment by the International Organization for Standardization (ISO),… Read More >>
