Bitcoin futures contracts launched Monday, Dec. 18, via the CME Group to a mix of fanfare and skepticism about the crypto currency and the underlying infrastructure that are captivating securities operations. Reflecting the concerns of many, ING analysts posted an analysis Sunday, Dec. 17, “Why Bitcoin is Destined to Become a Niche Asset,” that advocates… Read More >>
Regulation Compels Buy Side to Automate: SIX Financial Information Exec
A few things are clear to Robert Jeanbart, division CEO for the Financial Information part of the SIX Group businesses, despite a raucous year that featured an industry racing to meet the MiFID II deadline and other mandates from global regulators. The first moment of clarity is that the regulators have no intention of slowing… Read More >>
Eikos Partners Open Sources Toolkit to Hasten App Development
Financial technology consultant Eikos Partners is open sourcing a JavaScript toolkit and offering its related consulting services in a bid to help buy-side and sell-side firms speed up their development of applications for the trading lifecycle. The consultancy will offer the JSCatalyst toolkit in combination with the Eikos design thinking methodology to help financial services… Read More >>
GoldenSource Attempts to Ease Asset Managers’ Data Problems
For its latest offering, GoldenSource is targeting the regulatory reporting and related data woes that are likely to get worse for buy-side firms that have to also source and cleanse financial instrument information and conditions, says Prashant Kumar, senior vice president for the data management vendor. The new GoldenSource Nexus offering is described as “a… Read More >>
New LCH Account Type Targets Collateral Burdens
The LCH Ltd. clearinghouse has launched a new type of client account via its SwapClear service that among other aspects will allow European buy-side firms to send collateral directly to the LCH and allow them to retain beneficial title to it, officials say. The creation of the new account type, CustodialSeg, is in response to… Read More >>
Buy Side Faces Many Fixed Income Woes
(Editor’s note: Buy-side firms working in the U.S. Treasury markets have been challenged by structural issues such as ongoing regulatory reforms, liquidity problems and market concentration. OpenDoor Trading is hoping that it can help firms navigate around these problems. Susan Estes is the founder and CEO of OpenDoor Trading and has more than 30 years… Read More >>
Buy Side Braces for Another Gloomy Bonus Season
The infamous Grinch had a change of heart when he tried to steal Christmas from Who-Ville, but he may have stolen the 2016 bonuses from the buy side instead. Remuneration for the asset management industry has been declining in 2016, and that will be reflected in annual bonuses that will be handed out early next… Read More >>
Thomson Reuters Targets Buy Side via REDI Acquisition
Market data, trading systems and news giant Thomson Reuters has acquired REDI Holdings, whose REDIPlus execution management system (EMS) will become part of the vendor’s suite of data and trading offerings, intended to attract more buy-side firms. The REDI acquisition will help Thomson Reuters provide an integrated workflow solution to the buy-side trading community, officials… Read More >>
New York Proposes Mandatory Cyber-Security for Firms
NY DFS Proposes Regulation to Require Cyber-Security Programs The state of New York via the State Department of Financial Services (DFS) wants to require banks, insurance companies, and financial services institutions to “establish and maintain” a cyber-security program via a new regulation proposed by the DFS and Governor Andrew M. Cuomo. The impetus for the… Read More >>
Vestmark Platform Links Sponsors to Asset Managers
Vestmark, a software-as-a-service (SaaS) provider of portfolio management and trading solutions, has launched the Vestmark Manager Marketplace (VMM), which is intended to connect asset managers to sponsors such as registered investment advisors (RIAs), banks and broker-dealers. The VMM service facilitates sponsors’ links to third-party management in model portfolio format or in separately managed accounts (SMAs),… Read More >>
