Nordea Bank, a large financial services group in Northern Europe, has been working with post-trade services provider Omgeo and investment management software vendor SimCorp to automate its repurchase agreement (repo) post-trade matching process, and recently matched its first live repo trade. The Stockholm-based bank recently processed a repo instrument between itself and Swedish administrative services… Read More >>
Interactive Data SPreDs the Ops Costs with Trio of A-List Banks
Interactive Data Corp. is serving as a data provider to a new SmartStream reference data utility, nicknamed the Securities Product Reference Data (SPReD), which has the support of Goldman Sachs, JPMorganChase and Morgan Stanley for its potential to cut operational costs. The new utility offers services for instrument reference data normalization and validation across all… Read More >>
Asset Managers Should Quantify Their Dealer Relationships: Analyst
(Editor’s note: Asset managers should start to think about some form of quantitative benchmarking for their relationships to dealers in the credit markets, according to Sean Owens, director, fixed income research and consulting, at market research firm Woodbine Associates. Owens is also the author of a new report, “Credit Trading Dealer Liquidity: Asset Manager Views… 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 >>
Case Study: Acadian Revamps Performance Measurement
The push for operational efficiency is driving quantitative equity manager Acadian Asset Management to integrate its performance and attribution systems, which when finished, should ease some of its data management burdens, says Matthew Lyberg, vice president, manager performance and attribution for the Boston-based Acadian Asset Management. “One of the challenges as a quantitative equity manager… Read More >>
Getting Ready for Newly Minted SEFs
The CFTC has today published the final rules for swap execution facilities (SEFs) with the Federal Register, giving swaps dealers and other firms two months to register with the CFTC for approval of their venues for cleared and executed over-the-counter transactions.Most of the new rules will become effective August 5, 2013 and the official compliance… Read More >>
Compliance and the Promised Land
One of the legacies of 2012—a tumultuous year by anyone’s standards—is that financial product innovation has been put on the shelf by the constant flow of new regulations (with more to come) and a weak recovery that has squeezed profit margins. Most firms have been quickly shifting their energies and budgets to compliance. In fact, as… Read More >>
