The private clients business of Standard Bank in South Africa will be deploying accounting and enterprise data management solutions from Eagle Investment Systems to support key fund accounting and data functions of its middle- and back-office operations, officials say. Eagle officials describe the offering as a real-time, web-based, hosted accounting system running on top of… Read More >>
Co-Chairs Named for ISITC Group
The International Securities Association for Institutional Trade Communication (ISITC), the industry trade group focused on standards in transaction processing and related communications, has appointed co-chairs for its recently launched middle-office working group. The group’s newly appointed co-chairs are: Kerry Coleman, operations manager at asset manager GMO; Altaf Hossine, project manager at The Boston Company Asset… Read More >>
Bracing for the Feds
Financial services firms should automate and speed up operations, fill risk management gaps, and customize compliance training to help themselves detect early signs of insider trading and massive trading errors especially in the wake of reinvigorated U.S. federal prosecutors and regulators, epitomized by the plea agreement announced yesterday against SAC Capital Advisers and other hedge… Read More >>
The New Rules of Operational Data Management
Banks and securities firms are under regulatory and competitive pressures to get a better grip on the operational data management of key middle- and back-office functions that have been poorly served for decades. The push for ops data efficiencies has resulted in some new ground rules for how firms will take on their complex internal… Read More >>
Eze Castle Software Takes On the Middle Office
Eze Castle Software is broadening the reach of its eponymous order management system (OMS) via an app for the Apple iPad tablet computer and by adding middle and back office functions—more proof that the vendor foresees major opportunities beyond the front office. “We see that the role of the middle office is getting more complicated—increased… Read More >>
