The CFTC is bringing enforcement actions against an individual and his firm for allegedly contributing to the May 6, 2010 Flash Crash, according to the regulator. The CFTC complaint charges U.K. resident Navinder Singh Sarao and his firm Nav Sarao Futures Limited PLC with “unlawfully manipulating, attempting to manipulate, and spoofing — all with regard… Read More >>
GMS Joins Misys InFusion Partner Program
FinTech vendor Misys has inked an agreement with Global Market Solutions (GMS) to become a member of the InFusion Partner Program, officials say. GMS provides expertise in implementation and integration projects around financial software for a range of activities, including risk management, IT architecture and others. “Global Market Solutions has many years of experience in… Read More >>
Neonet Offers Access to Oslo Børs’ Dark Pool
Independent broker and execution specialist Neonet has announced that it will be among the first brokers to provide its clients with access to North Sea, the re-launched dark pool functionality from Oslo Børs, Norway’s stock exchange, officials say. The service will include fully integrated direct market access (DMA), smart order routing, and algorithm support. North… Read More >>
Cordium Debuts Compliance Workflow Solution
Compliance consulting and software vendor Cordium has just launched Pilot, a new compliance workflow management system, officials say. Pilot is designed “to manage complex compliance and operational tasks from start to finish,” and thus help compliance professionals manage and keep on top of their workload, according to a company statement. Pilot centers around an interactive… Read More >>
Exiger Division Hires Ex-Manhattan DA Chief of Staff
Exiger, a regulatory and financial crime, risk and compliance provider, has appointed the former chief of staff for the Manhattan District Attorney’s Office Jeff Schlanger as managing director and president of Exiger Advisory, a specialized consulting division, officials say. Schlanger served District Attorney Cyrus R. Vance, Jr. and during his tenure oversaw the day-to-day operations… Read More >>
Ben Bernanke to Advise Citadel
Former Federal Reserve Chairman Ben S. Bernanke will soon be serving as an outside senior advisor for hedge fund Citadel, officials say. In this position Bernanke will consult with Citadel teams on developments in monetary policy, financial markets and the global economy. Citadel has total assets under management (AUM) of about $25 billion. “We are… Read More >>
Veteran Grains Broker Joins RJO UK
R.J. O’Brien & Associates (RJO), the venerable futures brokerage and clearing firm founded in 1914 and based in Chicago, reports that veteran institutional grains broker Richard Mayhew has joined its affiliate R.J. O’Brien (UK) Ltd. as senior vice president, head of grains and oilseeds, EMEA. “With more than 35 years of experience in grains in… Read More >>
Fenergo’s New COO from Adobe
Fenergo, the Dublin, Ireland-based provider of client lifecycle management software for investment banks, capital market firms and private banks, reports the appointment of Colm Heffernan as chief operating officer (COO). Industry-veteran Heffernan joins Fenergo from Adobe Systems, “where he spent 15 years in a variety of senior roles,” according to a statement. Most recently, he… Read More >>
Torstone Module Targets International Trade Flow
Torstone Technology released in time for the Sifma Ops 2015 conference “a lightweight instance” of its flagship post-trade securities and derivatives processing system, Inferno, that can be used as a complementary add-on for managing international transactions, says Jonny Speers, global head for sales and business development for the back-office systems vendor. The Inferno system supports… Read More >>
What is the ROI for Regulatory Compliance?
Today, April 15, is the day when all Americans get a taste of what it’s like to comply with a regulatory deadline. This is the day that all personal income taxes are due to the Internal Revenue Service (IRS). Of course, extensions can be requested but every American is required by law to pay taxes…. Read More >>
