SS&C Survey Focuses on Client Reporting Investor clients are demanding more data from financial services firms but many firms are still relying on manual processes to pull together reports, according to a report sponsored by SS&C Technologies, a financial services software and services vendor. The survey results uncovered that while 100 percent of respondents say… Read More >>
Liquidnet Names Head of Technology for EMEA
Liquidnet Creates New Technology Role Liquidnet reports the appointment of Patrick Strobel as head of technology for EMEA, which the institutional trading network calls a “newly formed role.” Stroebel joins Liquidnet’s global technology group, reporting to Bob Garrett, head of technology. Strobel will be responsible for “building out Liquidnet’s strategic IT architecture in EMEA… Read More >>
Smarsh Bolsters European Push via Cognia Acquisition
Smarsh, a Portland, Ore.-based digital archiving company, has bought London-based archiving and analytics vendor Cognia to enhance its mobile and fixed-line voice communication capabilities in a bid to meet the impending MiFID II rules and increase its European footprint. Financial details of the deal were not disclosed although Smarsh officials say that they would retain… Read More >>
Eze Software, Charles River Form MiFID II Partnerships
The January 3, 2018 deadline for MiFID II is hitting home for the securities industry and not only are global firms moving fast to hit their marks but vendors are acquiring complementary providers, creating patents, expanding their offerings or partnering before it gets too late. Over the summer, the industry has seen: Risk Focus form… Read More >>
R3, Synechron to Build DLT-based KYC Solution
12 Banks Support Synechron-R3 Effort Consultancy Synechron and enterprise software vendor R3 are collaborating to provide a know your customer (KYC) solution based on distributed ledger technology (DLT), and the partnership has the support of 12 global banks. Described as one of the largest DLT projects of the year, the KYC solution being developed will… Read More >>
FTF Awards Q&A: Are In-House Ops a Luxury?
(FTF News recently got time with SmartStream’s Darryl Twiggs, senior vice president for the Strategic Initiatives division, and Kurt Eldridge, global head of sales, to talk about the two awards that the company took home: Best Outsourcing Provider and Best Derivatives Operations Solution. They also share their thoughts on the future of managed services and… Read More >>
GreenKey Aims Speech-to-Text System at MiFID II
The U.S. Patent and Trademark Office has issued a second patent to vendor GreenKey Technologies for its speech-to-text IT system now used to meet MiFID II requirements for gathering voice orders and quotes related to transaction executions. The second patent covers the speech-to-text capabilities, which exploit artificial intelligence (AI) technologies, found in the GreenKey Scribe,… Read More >>
Firms Want More Electronic Fixed Income Trading: Survey
Electronic trading platforms that facilitate fixed income transactions are increasingly becoming the preferred execution avenues while sourcing liquidity is the most important factor when selecting a venue, according to the Liquidnet’s first Fixed Income Institutional Voice Survey with U.S. and European institutional traders. The survey finds that discussions around trading have moved toward an increase… Read More >>
Risk Focus Helps Deutsche Börse Detect MiFID II Woes
Deutsche Börse Group, which oversees key trading venues, will be using offerings from Risk Focus and its software subsidiary, RegTek.Solutions to detect problems with the contents of each field of a MiFID II trade message. In particular, Risk Focus will provide Deutsche Börse with a version of Validate.Trade via RegTek.Solutions that users of Deutsche Börse’s… Read More >>
SIX’s New Hub Helps Firms Re-Use Regs Data
With wealth managers, assets managers, banks and other market participants in mind, SIX Financial Information, a data and services vendor, is launching a platform that facilitates the re-use of regulatory data and documentation thus easing some regulatory burdens, according to officials at SIX. The new hub is intended to structure and exchange product data, information… Read More >>
