President Barack “Hussein” Obama II has had second thoughts about the Dodd-Frank Act and is now willing to entirely repeal the so-called reform legislation much to the glee of Republicans everywhere. “To hell with it,” Obama said in a candid moment during an exclusive interview with FTF News. “I didn’t know it was going to… Read More >>
Glass-Steagall Redux?
First, I know that the name of Elizabeth Warren, the U.S. Senator from Massachusetts, makes Wall Street’s collective blood boil. In fact, blood pressure levels must be rising this week as Warren makes the rounds again in part to promote the paperback version of her book “A Fighting Chance.” In interviews on TV and radio,… Read More >>
Hearsay Unveils Apps for Surveillance Suite
Social media compliance vendor Hearsay Social has unveiled new mobile applications for iPhone and Android that will link clients to Hearsay’s Predictive Social Suite, according to a company statement. Hearsay is a privately held, San Francisco-based provider of software-as-a-service predictive technologies that enable financial advisors and insurance agents to “identify opportunities” and “engage with their… Read More >>
Gresham Computing Takes On Transaction Reporting
City of London-based Gresham Computing plc, a provider of transaction control solutions, reports the launch of Clareti Transaction Control (CTC) Transaction Reporting. The CTC Transaction Reporting solution allows a financial institution to “verify and validate that trades reported to trade repositories comply with the requirements of regulations for eligible trades under Dodd Frank, EMIR, REMIT,… Read More >>
ISITC to Join the T+2 Push in the U.S.
The push for a shortened settlement cycle in the U.S. will be a key part of the agenda for the International Securities Association for Institutional Trade Communication (ISITC) during 2015, says Jeffrey Zoller, the chair of the trade processing standards group. In the U.S., the securities industry settles trades in equities and certain debt securities… Read More >>
Firms Stung by Costly Trade Reporting
Financial services firms and market participants affected by derivatives trade reporting requirements are finding it difficult – and increasingly costly – to cope with the regulations, according to a new white paper from business and technology services and solutions vendor Sapient Global Markets. In “The Rising Cost of Trade Reporting: Can Firms Afford to Stay… Read More >>
Sapient, Capco Vet Joins SimCorp for Top Sales Post
Investment management systems vendor SimCorp has hired Scott Johnson, formerly of the financial consultancies Capco and Sapient Global Markets, as a vice president and head of sales for North America, officials say. In his new role, Johnson will be responsible for heading up a team of sales professionals and product specialists. He will be based… Read More >>
LCH.Clearnet Promotes for Head of CDSClear
Clearinghouse LCH.Clearnet has promoted Frank Sousan to global head of CDSClear, effective July 1, 2015, officials say. Sousan is currently head of In-Business Risk at CDSClear, and will be inheriting his new position from Gavin Wells, who will now “focus exclusively on ForexClear,” according to a company statement. Sousan will be based in Paris and… Read More >>
BNY Taps Citi for Head of Corporate Trust Unit
BNY Mellon has hired Kathleen Scott from Citigroup to head a “newly created role to lead the corporate and insurance activities within [the bank’s] Corporate Trust business in the U.S.,” according to a company statement. In her new role, Scott will be responsible for all aspects of sales, business development and client relations at the… Read More >>
Ex-NYSE CEO Joins Tera as Advisory Director
Tera Group, the parent company of the TeraExchange derivatives trading platform, reports the appointment of former New York Stock Exchange CEO Duncan Niederauer as an advisory director. In that capacity, Niederauer will “provide the firm with strategic advice and insight on growth strategies,” according to a Tera statement. “In addition, he will participate in select senior-level client… Read More >>
