Chicago-based R.J. O’Brien & Associates (RJO), which describes itself as the oldest and largest independent futures brokerage and clearing firm in the U.S., reports that Jamal Oulhadj, its senior managing director and chief risk officer (CRO), has been promoted to chief operating officer (COO) of RJO Holdings Corp., the firm’s holding company. Oulhadj, 50, has… Read More >>
Morningstar Fills Chief Innovation Officer Post
Morningstar, a provider of investment research, has named Matt Fellowes chief innovation officer, officials say. Fellowes, 40, also will continue to lead HelloWallet, a provider of personalized financial guidance that Morningstar acquired last year, officials say. Before founding HelloWallet in 2009, Fellowes was a fellow at the Brookings Institution, a nonprofit research and policy organization…. Read More >>
FIMAS Consulting Appoints Head of Business Development
FIMAS Consulting has appointed Ralf Dreyer as a partner and acting head of business development, officials say. In his new role, Dreyer will be responsible for “further advancing FIMAS’ growth,” according to a company statement. Before joining FIMAS Dreyer was a managing principle at Wepex, a consulting firm focused on financial markets, officials say. Before… Read More >>
Fidessa Names Head of European Sell-Side Sales
Fidessa, the London-based electronic trading platform and services vendor, has hired Peter Holmgren as its new head of business sales for sell-side trading systems in Europe, officials say. In his new role, Holmgren will be responsible for sales across all asset classes to the European broker community, officials say. He will be based in Fidessa’s… Read More >>
New Report Urges CCP Changes
A new report released by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) outlines proposed changes to disclosure standards for central counterparty clearinghouses (CCPs), officials say. The paper, “Public Quantitative Disclosure Standards for Central Counterparties,” argues that “to help ensure that the risks of using central counterparties… Read More >>
Firm58 Applies Telecom Lessons to the Back Office
Jim Mullen has seen more than his fair share of change during his 25-odd years in the telecommunications and financial services worlds, having lived through both the mobile phone explosion of the early nineties and the automation of financial markets that took off in the late nineties. Those revolutions left both industries in flux and… Read More >>
ISDA Takes Aim at Derivatives Reporting Roadblocks
One of the key components of the 2010 Dodd-Frank law was an effort to increase the transparency of the notoriously opaque derivatives markets, which played a major role in the Great Recession. Five years down the line and regulators have made significant progress toward achieving that goal, according to industry group International Swaps and Derivatives… Read More >>
CFTC Unveils Market Risk Advisory Committee
The CFTC has unveiled the names of the members of its new market risk advisory committee. The committee, chartered in 2014, is meant to supports efforts to “to detect and mitigate risks within the market to industry participants, consumers, and the broader financial community,” the CFTC says in a statement. “This year, the committee intends… Read More >>
Broadridge Expands Professional Services
FinTech systems and services vendor Broadridge Financial Solutions is expanding its professional services practice, which focuses on regulatory, operational and business transformation challenges, and has hired Erik DiGiacomo to lead the practice, officials say. In his new role as head of Broadridge’s professional services practice, DiGiacomo will expand the practice, “leveraging a growing team and… Read More >>
Michael Atkin: ‘DCAM Harmonizes the Data for the Prime Goal’
Non-profit trade association, the Enterprise Data Management (EDM) Council has just released the Data Management Capability Assessment Model (DCAM), a collection of best practices for the management of data across an enterprise. The new DCAM documentation is intended to help firms “align data across multiple internal repositories in order to operate more efficiently and meet… Read More >>
