Acquisition to Expand ACA’s Services in Europe ACA Compliance Group reports that it will acquire Cordium, a provider of governance, risk and compliance (GRC) services. ACA, a provider of risk management and technology solutions that focus on regulatory compliance, performance, financial crime, and cybersecurity, expects the transaction to close this summer, subject to regulatory approvals…. Read More >>
Buy Side Using Manual Systems for Regulatory Compliance: Survey
Despite nearly a decade of intense regulatory reforms, many financial services firms appear to have a “high level of dependence on manual processes” for regulatory compliance, according to a new survey from market research and advisory firm Aite Group and governance, risk and compliance services provider Cordium. This reliance makes securities firms more vulnerable to… Read More >>
Mizuho Americas Embraces Program & Electronic Trading
Mizhuo Americas Expands Equities Platform Mizuho Americas, part of Mizuho Financial Group, reports that it will be adding to the equity offerings of its securities division via the establishment of program trading and electronic trading. In fact, Mizuho officials have appointed George Nikitiadis as the managing director, head of program trading, and Lindsey Burik as… Read More >>
MiFID II Implementation Update from FTF News
(Editor’s note: Many securities firms, vendors and service providers are gearing up for the MiFID II deadline of Jan. 3 1018. To help readers keep up, FTF News will be running frequent updates on what industry participants are doing to ease the burden of these industry reforms.) PGI Streamlines Equity Research Valuation and Payment Administration… Read More >>
Nasdaq Wins Post-Trade Deal with Chile’s CSD
Chilean CSD to Receive Services via Nasdaq Financial Framework Nasdaq will be providing post-trade offerings to Chile’s central securities depository (CSD), Depósito Central de Valores (DCV), which it will use to standardize and unify operations, messaging and the data infrastructure, officials say. The new infrastructure capabilities will become available via the Nasdaq Financial Framework. The… Read More >>
Cordium Appoints New Head of Cybersecurity
Cordium Hires from Mizhuo Bank Cordium, a provider of governance, risk and compliance services to financial and professional services firms, has appointed Richard Hudson vice president of its cybersecurity and data protection consulting services. Hudson joins from Mizuho Bank, where he was the information security officer for 17 years, managing the information security program for… Read More >>
Cordium Hires to Bolster Cybersecurity, Broker-Dealer Services
Cordium Taps PWC and FINRA Cordium, a provider of governance, risk and compliance services, has appointed Michael Corcione managing director of its cybersecurity and data protection consulting services. Corcione joins from PricewaterhouseCoopers, where he was a director in the cybersecurity, privacy, and financial crimes unit, with a focus on asset management and alternative investment firms…. Read More >>
SEC Shuffles Personnel in Chief Accountant’s Office
SEC Names Interim Chief Accountant as Deputy Chief Accountant to Exit The SEC reports that Wesley R. Bricker has been named the interim chief accountant, heading the commission’s office of the chief accountant, while Chief Accountant James V. Schnurr “recovers from a serious bicycle accident.” In his interim post, Bricker will be the “principal advisor… Read More >>
Electra Provides Cordium with Data Feed Service
Compliance systems vendor Cordium is using data services from post-trade solutions provider Electra Information Systems as a way to provide Cordium clients with direct feeds sent via brokerage firms. The new collaboration will bring together the feeds of Electra Data and the web-based Compliance Employee Level Filing (ELF) platform from Cordium, a provider of compliance… Read More >>
