A month after it was officially acquired by Deutsche Börse Group, SimCorp, an investment management platform provider, will be merged with Axioma, a maker of factor risk models, portfolio construction tools, and multi-asset class enterprise risk solutions. SimCorp and Axioma are subsidiaries of Deutsche Börse Group, which should ease the merging process. The SimCorp-Axioma integration… Read More >>
ICE Buys the ‘VIX for Bonds’ Index
ICE Buys Merrill Lynch Option Volatility Estimate Index Family Exchange operator Intercontinental Exchange, Inc. (ICE) will be acquiring a family of fixed income volatility indices, including the Merrill Lynch Option Volatility Estimate (MOVE) from Bank of America Merrill Lynch to further help clients manage risk, officials say. “The MOVE Index has a long history of providing… Read More >>
CFTC Swears In New Chairman
Tarbert is 14th CFTC Chairman Dr. Heath P. Tarbert, the CFTC’s new chairman, is vowing to “hit the ground running” as his term kicked off July 15, and marks the end of J. Christopher Giancarlo’s service as head of the regulator for the commodities and derivatives trading industry. “At its core, the CFTC is a… Read More >>
SmartStream & Numerix Partner to Ease IM Requirements
Two Vendors Focus on Noncleared OTC Derivatives SmartStream Technologies, a post-trade systems and services provider, and Numerix, a risk technology vendor, report an agreement intended to better support end users in complying with the International Swaps and Derivative Association’s (ISDA) standards governing margin requirements for non-centrally cleared derivatives. In order to facilitate the over-the-counter (OTC)… Read More >>
NEX & CFETS Launch Platform for FX Trading in China
FX Platform Launched in Phases NEX, a financial technology company, reports that it has partnered with the China Foreign Exchange Trade System (CFETS), China’s interbank market trading platform and infrastructure provider, to launch CFETS FX2017, a new trading platform for the Chinese foreign exchange (FX) market. CFETS launched the first phase of FX2017 with a… Read More >>
CFTC Hires Director for Swap Dealer Oversight Division
Partner from Steptoe & Johnson Law Firm Joins as DSIO Director Arrivals and departures are continuing at the CFTC. Matthew B. Kulkin has been named director of the CFTC’s division of swap dealer and intermediary oversight (DSIO), joining from the Steptoe & Johnson LLP law firm, where, as a partner, he “advised financial market participants… Read More >>
Electra and Linedata to Link Key Platforms
Electra and Linedata to Create Recs Interface Investment management software vendor Linedata and reconciliation services provider Electra Information Systems have announced that they are creating an interface between two key platforms. The new link will provide Linedata Mfact fund accounting users with support for Electra’s Reconciliation, offering capabilities for reconciling system-to-system, net asset value… Read More >>
DTCC Taps Barclays for Deriv/SERV Post
DTCC Appoints MD for DTCC Deriv/SERV The DTCC, post-trade market infrastructure services provider, reports that Valentino (Val) Wotton has been appointed managing director for the DTCC’s Deriv/SERV business unit, effective August 29, 2017. Wotton will be “responsible for product development and strategy,” and will report to Chris Childs, president and CEO of DTCC Deriv/SERV. Prior… Read More >>
LME Clarifies Executive Leadership Team
LME Interim CEO Becomes Permanent Matthew Chamberlain, the interim CEO for the London Metal Exchange (LME) since January, has been appointed to the post on a permanent basis, subject to the approval of the Financial Conduct Authority (FCA) a U.K. regulator, officials say. The LME leadership changes are intended to help the LME “strengthen and… Read More >>
CFTC Taps Federal Prosecutor to be Enforcement Director
Jamie McDonald to Start CFTC Post on April 10 James McDonald, who has served as a prosecutor in the Southern District of New York, has been named the director of the CFTC’s Enforcement Division, according to the CFTC’s Acting Chairman J. Christopher Giancarlo. McDonald will replace Vince McGonagle, who has been serving as acting director… Read More >>
