Jim Mullen has seen more than his fair share of change during his 25-odd years in the telecommunications and financial services worlds, having lived through both the mobile phone explosion of the early nineties and the automation of financial markets that took off in the late nineties. Those revolutions left both industries in flux and… Read More >>
ISDA Takes Aim at Derivatives Reporting Roadblocks
One of the key components of the 2010 Dodd-Frank law was an effort to increase the transparency of the notoriously opaque derivatives markets, which played a major role in the Great Recession. Five years down the line and regulators have made significant progress toward achieving that goal, according to industry group International Swaps and Derivatives… Read More >>
CFTC Unveils Market Risk Advisory Committee
The CFTC has unveiled the names of the members of its new market risk advisory committee. The committee, chartered in 2014, is meant to supports efforts to “to detect and mitigate risks within the market to industry participants, consumers, and the broader financial community,” the CFTC says in a statement. “This year, the committee intends… Read More >>
Broadridge Expands Professional Services
FinTech systems and services vendor Broadridge Financial Solutions is expanding its professional services practice, which focuses on regulatory, operational and business transformation challenges, and has hired Erik DiGiacomo to lead the practice, officials say. In his new role as head of Broadridge’s professional services practice, DiGiacomo will expand the practice, “leveraging a growing team and… Read More >>
Former Pipeline Trading Exec Joins Fidessa
London-based electronic trading platform and services vendor Fidessa has hired Jay Biancamano, the one-time executive chairman and CEO of Pipeline Trading, to be its new head of equities product marketing for the Americas, a move Fidessa describes as a “key appointment for its sell-side business.” Pipeline was a predictive analytics and algorithmic trading firm that… Read More >>
Electra Tackles Month-End Recs Problem
For some reconciliations professionals working in post-trade operations, it can seem like some jobs just don’t end when they’re supposed to. This is especially true when it comes to performing month-end reconciliations, where back-dated transactions from prime brokers and other counterparties can often come through days or even weeks after the actual end of the… Read More >>
CFTC Roundtable to Focus on DCO Wind-Down
CFTC staff members will be holding a public roundtable on March 5, 2015, from 9 a.m. to 5 p.m., to cover issues related to the “recovery and orderly wind-down of derivatives clearing organizations (DCOs),” officials say. The roundtable will be an opportunity for the regulator to gather input from stakeholders such as DCOs and their… Read More >>
SIFMA Pushes Back on Revamp of Retirement Savings Rules
President Barack Obama announced Monday that he wants to see “major actions” taken to update the rules governing retirement savings that will focus on conflicts of interest. The White House will be directing the Department of Labor (DOL) to “crack down on Wall Street” in order to protect investors from conflicted retirement advice, officials say…. Read More >>
Startup Strives to Relieve the Volcker Rule Burden
Kelvin To, founder and president of FinTech startup Data Boiler Technologies, makes a living bringing Big Data to bear on big problems in the financial services industry. But now he and his company are taking things to a whole new level, as they prepare to confront the controversial Volcker Rule head on. Earlier this week,… Read More >>
Etrali Opens Sydney Offices in APAC Push
Etrali Trading Solutions, maker of voice-trading, compliance and unified communication services, has announced that it is opening new offices in Sydney, Australia, the first thrust of a renewed push into the Asia-Pacific (APAC) region, officials say. From its Sydney offices, Etrali will manage its existing Australia client base and “support the growing demand for compliance… Read More >>
