StatPro Group, a provider of portfolio analysis and asset pricing services for the asset management industry, reports that Dr. Ian Thompson has joined the company from BI-SAM, where he was executive regional director for Asia Pacific. At StatPro, Thompson, whose doctorate is in the field of auditory physiology, will become client integration director, with a… Read More >>
CITIC Securities Helps Vendor Move to the Cloud
China Information Technology (CNIT), a Chinese technology solutions provider, has entered into a partnership with CITIC Securities Co., Ltd., China’s largest securities broker by total asset and market share, to help ease the transition of CNIT’s traditional IT system integration to a cloud-based model, according to a company statement. CITIC Securities is the securities arm… Read More >>
Broadridge, Doxim Create CRM2 Cloud
Two financial software developers, Broadridge Financial Solutions and Doxim, have partnered and jointly developed a Smart Statement Solution for Canadian financial firms implementing the new Client Relationship Model 2 (CRM2) regulations, according to Broadridge statement. CRM2 rules mandate sweeping changes to account statements issued by Canadian banks, broker-dealers and asset management firms. Broadridge and Doxim’s… Read More >>
Smartphones as Productivity Tools?
I think I found an app that could hold the attention of Wall Street operations mavens looking for a new twist on remote desktop solutions. At Pepcom’s Digital Experience products expo last week in New York, I was introduced to Parallels, an IT provider of virtualization and automation solutions for the desktop. The company’s mobile… Read More >>
Charles River Offers Compliance in a Cloud
Charles River, an enterprise-wide front- and middle-office investment management systems provider, has launched its cloud-based Charles River Compliance as a Service (Charles River CaaS). Charles River CaaS, intended for asset managers, “integrates software, data, and services in a hosted environment,” the vendor says. Its solution helps firms better fulfill their investment compliance requirements, improve compliance… Read More >>
Marsh Sees a Social Media Policing Shortfall
Entrepreneur Stephen Marsh founded Smarsh in 2001 as a cloud-based archiving and compliance solution provider for electronic communications. Before Smarsh, he was head of product management and development at CCBN, now a division of Thomson Financial. He also served in key positions at Fidelity Investments and Morgan Stanley Dean Witter. In addition to his work… Read More >>
Xenomorph Debuts Data Cloud
Xenomorph, an analytics and data management solutions provider, has launched TimeScape MarketPlace, a cloud-based data solution for publishing and consuming financial markets data and analytics, on Azure, Microsoft’s cloud computing platform. TimeScape MarketPlace “enables multi-user and multi-organization access to published data sets and analytics in the cloud, and adds integration with Microsoft Power BI for… Read More >>
Case Study: A Broker-Dealer’s Second Leap into the Leading Edge
Building upon its success with cloud-based corporate actions processing, broker-dealer Industrial and Commercial Bank of China Financial Services (ICBC) is taking another a leading-edge leap by joining the DTCC’s pilot project to transform corporate actions instruction via the ISO 20022 standard. In 2012, ICBC embraced automation by leapfrogging from manual systems to a cloud-based corporate… Read More >>
Bringing IM to Post-Trade Processing
An industry-wide instant messaging initiative could have many uses for post-trade operations, according to the backers of Markit Collaboration Services, a communication network that has gone live with the support of BofA Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase and Morgan Stanley.Market data and news giant Thomson Reuters and Markit,… Read More >>
Omgeo Aims for a Global SSI Utility as DTCC Builds Client Data Service with A-List Firms
Omgeo & DTCC Ready ‘Global Utility’ for SSIs Post-trade solutions provider Omgeo and the DTCC are combining forces to build a repository that would effectively serve as a global utility for standing settlement instructions, intended to lower operational costs and bolster efficiency, say Omgeo and DTCC officials.SSI data such as account number, currency code, security… Read More >>
