The CFTC’s division of swap dealer and intermediary oversight (DSIO) reports that swap dealers and major swap participants may now submit their chief compliance officers’ annual reports to the CFTC through an online filing system, WinJammer, and do not need to use the commission’s own web portal. The Winjammer software was developed jointly by the CME… Read More >>
ICE’s IBA Launches Revamped ISDAFIX
Intercontinental Exchange (ICE) officials have announced that the ICE Benchmark Administration (IBA) will introduce a new calculation methodology for ISDAFIX, starting Feb. 16, 2015, marking a new era for the global benchmark for interest rate swaps. ISDAFIX represents the average mid-market swap rates for three major currencies: the Euro (EUR), British pound (GBP) and U.S…. Read More >>
Tim Lind: 2015 is the Make or Break Year for LEI
FTF News concludes its series on post-trade operations predictions for 2015 by interviewing industry veteran Tim Lind, the global head of financial regulation solutions at Thomson Reuters. Lind is also the 2013 recipient of the FinTech Innovator of the Year honor of the FTF News Technology Innovation Awards. Lind touched on several subjects but a… Read More >>
Bloomberg Helps Retrace the Path of a Swap Transaction
In the wake of the Great Recession, securities firms in the financial services industry have for years found themselves in a neck-and-neck race with regulatory reforms, struggling to make the changes necessary for compliance even as new measures continue to come online. While this scenario has been a nightmare for most firms, it’s been a… Read More >>
LME Taps ICE for New CTO
The London Metal Exchange (LME) has named John Lee as its new chief technology officer (CTO), officials say. Lee will join LME’s executive committee and will report to Garry Jones, LME’s chief executive, officials say. His appointment is effective Jan. 26, 2015. Lee has more than 22 years of technology experience at financial exchanges, as… Read More >>
Can Good Come from the Sins of Wall Street?
Thanks to the fines imposed upon Wall Street and insurance firms for their sins during the Great Recession, the New York State government has a $5.1 billion surplus for fiscal year 2016. New York Gov. Andrew Cuomo and other politicians in Albany are scrambling to sort out how to spend the windfall in the best… Read More >>
JPX Taps Nasdaq to Build Osaka Exchange
Japan Exchange Group (JPX) and Nasdaq have partnered to build a next-generation derivatives trading system for the JPX subsidiary Osaka Exchange, officials say. In addition to the trading system, which will operate on Genium INET technology, Osaka will tap SMARTS Market Surveillance for its real-time surveillance needs, supplied by Nasdaq technologies. “We are proud and… Read More >>
Wolters Kluwer Analysts Foresee More Regulation
The securities compliance analysts at vendor Wolters Kluwer Financial Services have released a report outlining their predictions for the regulatory outlook in 2015, officials say. Given that only about half of Dodd-Frank has been finalized, in general the report expects that the pace of regulation will continue to increase over the course of the year…. Read More >>
ISDA Shakes Up Internal Teams
The International Swaps and Derivatives Association (ISDA) has shaken up its public policy and regulatory and legal team line-ups, in order to “reflect the next phase of regulatory reform and to support cross-border harmonization efforts,” according to an ISDA statement. Steven Kennedy has been made ISDA’s global head of public policy, a newly created position… Read More >>
Abacus Group Opens Los Angeles Office
After a record year in 2014 driven largely by its AbacusFLEX private cloud solution, Abacus Group, a financial IT services provider, will open a new office in Los Angeles, according to a statement from the vendor. Abacus added 60 clients last year and saw growth in its other managed services and hosted solutions, officials say…. Read More >>
