(Editor’s note: Silicon Valley-based Hearsay Systems recently appointed financial services compliance veteran Iain Duke-Richardet as compliance strategy principal. Duke-Richardet’s mandate at Hearsay includes advising the vendor’s 100+ global financial services clients about the changing regulatory landscape. He will also be helping Hearsay’s product teams “to address new complexities as a strategic advantage to firms’ digital… Read More >>
Barclays Signs Up for DTCC’s New Liquidity Data Service
New Offering from DTCC Data Products DTCC Data Products, a centralized data provisioning service supporting DTCC’s offerings, is launching the Liquidity Coverage Ratio (LCR) Data Service, which has gotten the thumb’s up from Barclays Bank, officials say. The new LCR Data Service has been designed to “help firms manage their buffer requirements for liquidity facilities”… Read More >>
SWIFT Confirms Ongoing Cyber-Attacks Upon Clients
SWIFT officials confirm that they have uncovered new cases of “input fraud” via hackers attempting to harm member/customers of the financial messaging and services cooperative. The cooperative has not revealed the identity of the financial services firms that were most recently harmed or the amounts of money involved. In response to questions from FTF News,… Read More >>
FIX Guidelines Target Buy-Side Post-Trade Woes
While the FIX Trading Community has just released a set of guidelines for the use of FIX in post-trade processing that targets trade breaks and slow resolution times, the standards body for the electronic protocol is open to suggestion. Industry participants can make recommendations to these guidelines covering multi-asset classes and a common post-trade framework… Read More >>
Deutsche Bank GTB Endorses SWIFT Scope for Liquidity Reporting
Deutsche Bank’s Global Transaction Banking (GTB) unit has designated a third-party business intelligence (BI) solution, SWIFT Scope, as the preferred system for its global customers who will be required to report their levels of intraday liquidity to regulatory authorities. The SWIFT Scope software, offered via the SWIFT Business Intelligence unit of the SWIFT cooperative behind… Read More >>
New FIX Version Supports Nanosecond Connections
A version of the FIX electronic trading protocol that supports high-performance transactions and data feeds is officially launching via the FIX Trading Community standards body, in an effort to help securities firms keep up with high-speed hardware, software and network connections. The standards body is releasing “a standard, non-proprietary binary message encoding” upgrade, dubbed the… Read More >>
SWIFT to Give Back $34.5 Million in Rebates
The Brussels-based financial messaging cooperative SWIFT will be issuing a global, 10 percent rebate on the fees it charged for messaging last year, and predicts that it will be returning approximately €32 million ($34.5 million) to those organizations using its services. The rebate for 2015 represents “SWIFT’s continued commitment to the global banking community,” said… Read More >>
Sibos Preview: Time to Harmonize ISO 20022-based Ops?
Harmonization around the ISO 20022 standard will be one of the key themes at the Sibos annual gathering of the financial messaging cooperative SWIFT, underway this week in Singapore at the Sands Expo and Convention Centre of the Marina Bay Sands complex. As the ISO 20022 standard has been gaining ground among industry players, SWIFT… Read More >>
BBH to Use Enhanced Omgeo Alert Service
Post-trade services provider Omgeo, a wholly owned subsidiary of the DTCC, reports that Brown Brothers Harriman (BBH) has become the first global custodian bank to go live on Omgeo’s new GC Direct-enabled Alert service. The Omgeo Alert GC Direct offering is intended to improve “the management of account information and standing settlement instruction (SSI) data… Read More >>
Volante Hires Senior Execs, Opens Offices
Volante Technologies Inc., a provider of financial data messaging integration, validation and processing tools, reports the appointments of Nadish Lad as head of payments product and Peter McKenna as global marketing director, as well as the addition of new development and testing staff and the opening of new offices, in Jersey City, N.J., and Hyderabad,… Read More >>
