‘Commission-Management-As-A-Service’ Debuts Commcise, a provider of integrated commission management, research evaluation, consumption tracking and reporting solutions for investment management and brokerage firms, reports the launch of CommciseCM, a stand-alone, cloud-based commission management platform designed to help U.S. asset managers and hedge funds obtain a “full commission wallet view of their entire trading activity.” CommciseCM, majority-owned… Read More >>
Watson Wheatley Wins Three Clients for Hosted Service
Watson Wheatley Signs Firms in Europe & Hong Kong Reconciliation solutions vendor, Watson Wheatley, reports that it has signed three new clients — firms based in Hong Kong and Southern Europe — for its hosting platform created specifically for the iRecs system. The vendor is not naming the new clients. “Following competitive bidding processes… Read More >>
Goldman Sachs MTF Data Available via QuantHouse
SIGMA X MTF Debuts on QuantHouse Market data provided by a multilateral trading facility (MTF) operated by Goldman Sachs is available via QuantHouse, a vendor of systematic trading solutions including market data services, algorithmic trading support, and infrastructure products. The SIGMA X MTF market data flow from Goldman Sachs will be available as part of… Read More >>
AcadiaSoft Chairman to Step Down Later This Year
Collateral management services provider AcadiaSoft Inc. is undergoing a major change at the top with the news that industry veteran Howard Edelstein, the company’s board chairman will be stepping down before the end of the year and his replacement is expected to be selected over the coming months, officials say. AcadiaSoft has begun a search… Read More >>
AcadiaSoft & CloudMargin Take On UMR Compliance
With the Uncleared Margin Rules (UMR) in mind, AcadiaSoft, a vendor of collateral management offerings for non-cleared derivatives, has launched a technology partnership with CloudMargin, maker of a cloud-based collateral management workflow tool, to provide a one-stop solution for the front-to-back office processes of collateral and margin management. The collaboration coincides with the just announced… Read More >>
AcadiaSoft Targets Phases 4 & 5 IM via New Service
AcadiaSoft Inc. is expanding its offerings for non-cleared derivatives via an initial margin (IM) monitoring service, slated for release in the second quarter, that will provide IM Phase 4 and Phase 5 firms with the ability to monitor IM exposure levels. The IM monitoring support will be offered in conjunction with AcadiaSoft’s Agreement Manager service,… Read More >>
LSEG Invests in AcadiaSoft to Advance OTC Ops
The London Stock Exchange Group (LSEG) has acquired a 15.7 percent minority stake in margining automation pioneer AcadiaSoft, which has also signed a preliminary agreement to integrate LCH SwapAgent with the AcadiaSoft Hub to help standardize margining for non-cleared derivatives. The LSEG stake is intended to help AcadiaSoft expand. “Although investment plans are not final… Read More >>
AcadiaSoft Targets Buy Side’s New Margining Woes
AcadiaSoft Inc., a vendor of margin automation solutions, is targeting the buy side with the launch of CollateralManager, which is intended to streamline collateral searches when used with the AcadiaSoft Hub. The new platform will encompass all agreement types — over-the-counter (OTC) bilateral, OTC-cleared, and exchange-traded derivatives, repos, MSFTA, securities lending and borrowing, officials say…. Read More >>
New Rules Mean New Ops Model for Initial Margining
(New rules for initial margining for non-centrally cleared over-the-counter (OTC) derivatives went into effect September 1 when a new margin framework took hold via the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO). Regulators around the world have been to implement changes for firms trading in these instruments. Chris… Read More >>
