Bitnomial Exchange Designated as a Contract Market Chicago-based Bitnomial Exchange has gotten the greenlight from commodities regulator CFTC to become a designated contract market (DCM), which means that it can launch as a Bitcoin futures and options exchange. “The CFTC issued the order under Section 5 of the Commodity Exchange Act (CEA) and CFTC regulation… Read More >>
CLO ‘Diva’ to Fight SEC Over Fraud Charges
The self-styled “Diva of Distressed” Lynn Tilton is hitting back. After federal regulators announced Monday that Tilton’s private equity firm Patriarch Partners was being charged with defrauding investors, Tilton and Patriarch filed suit against the SEC on Wednesday. The SEC filed its charges in an internal administrative court, meaning the case would be decided there… Read More >>
ClearStructure Appoints Global Head of Sales
ClearStructure Financial Technology, a provider of front-to-back office portfolio management systems, has appointed industry veteran Bret Price as global head of sales, officials say. Most recently, Price was a business development leader at SunGard where he drove the Insight Selling effort for revenue growth in the alternatives business, officials say. The appointment is a sign… Read More >>
ClearStructure Emerges from ‘Under the Radar’
“Front-to-back office solution” is a term thrown around often by FinTech vendors, but ClearStructure Financial Technology says Sentry, its flagship portfolio management and loan trading platform, which the vendor has upgraded, is different. The Sentry platform features an investment book of record (IBOR), integrated data warehouse, an in-depth reporting feature and built-in functionalities that tackle… Read More >>
G.O.P. House Votes to Stall Dodd-Frank Provisions
Legislation passed the G.O.P.-dominated U.S. House of Representatives Tuesday that would scale back certain provisions of the 2010 Dodd Frank law — the latest in a series of recent victories for the law’s opponents. The bill – which would exempt end users of derivatives from onerous regulations, remove barriers to foreign regulators for obtaining data… Read More >>
