CFTC Designates NFA as SDR Data Recipient The CFTC issued an order authorizing the National Futures Association (NFA) as “a designee to receive access to data maintained by swap data repositories (SDR),” officials say. The NFA is touted by the CFTC as the “only registered futures association (RFA)” actually registered with the commodities regulator. “As… Read More >>
Maybank Kim Eng Unifies Asian Trading via New Platform
The investment banking and equities trading units of Maybank Kim Eng have gone live with a new order management and execution platform intended to help the firm unify its regional trading support and bolster global growth, according to bank officials. Maybank Kim Eng is using trading technology from vendor Fidessa, and went live in November… Read More >>
NSX Officially Re-Launches, Debuts Low-Price Fees
NSX Re-Launches for Equities, ETFs As expected, the National Stock Exchange (NSX) has re-launched trading operations for equity securities and exchange-traded funds (ETFs), and reports that it is offering “low-price market access fees,” officials say. The relaunch follows the SEC’s approval on Dec. 14 to resume trading operations, which includes a phased roll-out of all… Read More >>
Vendors Are Rushing to Fill Voids in Ops Offerings
Front-office financial technology vendors are moving quickly to expand their reach into the middle and back office while traditional portfolio accounting systems providers are moving upstream into the middle office in attempts to provide a fuller suite of asset management operational services, according to a new report from market research firm Celent, a division of… Read More >>
Daiwa Securities Embraces FIX-based Middle Office Solution
Ullink, a provider of electronic trading and connectivity solutions for the financial services industry, reports that Japan’s Daiwa Securities has picked its FIX protocol based middle office solution, UL Middle, for its Asia-Pacific equities electronic trading operations. UL Middle is a “scalable and flexible solution [that] will extend Daiwa Securities’ use of FIX to fully-automate… Read More >>
Why Aren’t Hedge Funds Already at T+0 Reporting?
(Editor’s note: Scott Price, who has been head of business development and client management for North America for Maitland International Holdings since April, says that fund administrators could be doing more to help hedge funds achieve a shorter time frames for reporting. This includes even those hedge fund firms that lack an IT infrastructure. Price… Read More >>
OptionScape Tools to Work with Thomson Reuters Eikon
OptionScape, maker of strategy modeling tools for exchange-traded options, is now offering a standalone software version that has full data integration with Thomson Reuters Eikon, officials from both companies say. Thomson Reuters Eikon offers real-time data, historical information, access to more than 400 exchanges and links to over-the-counter (OTC) venues. The new version of OptionScape… Read More >>
Brown Shipley Deploys SimCorp Client Reporting System
Brown Shipley, a private bank in the U.K., has gone from a manual client reporting system to a platform from vendor SimCorp in a bid for greater operational efficiency, officials say. Brown Shipley officials confirm via a press release that by deploying the SimCorp Coric Client Communications system they have “significantly reduced the manual effort… Read More >>
Middle- and Back-Office Pay Edges Upward
Base salaries and bonuses in the middle- and back-office are continuing to edge closer to the pay packages of those in the front office, a trend that’s been unfolding ever since the financial crisis. However, large discrepancies remain among banks for middle- and back-office wages, a new report finds. Salary benchmarking site Emolument.com recently released… Read More >>
Nominees Announced for the FTF News Technology Innovation Awards
Reflecting the diversity of the Ops industry, established players such as Eagle Investment Systems and SmartStream and newcomers such as DataBoiler and Duco are among the nominees for the fifth annual FTF News Technology Innovation Awards, which are being announced today. Voting on the nominees starts today and continues until March 25, 2015. The winners… Read More >>
