Despite greater transparency and the reduction in counterparty risk via the Dodd-Frank Act, the next stage of reform for derivatives trading should be focused on regulatory regimes that “are consistent and harmonized across borders, and to ensure they support risk management that enables economic activity and growth,” say officials at the International Swaps and Derivatives… Read More >>
Avox Receives ISO 27001 Certification
Avox, the DTCC’s wholly owned subsidiary specializing in legal entity reference data, reports that it has received International Standard Organization (ISO) 27001 certification from the British Standards Institution. The ISO 27001information security standard “certifies that Avox has the requisite information security controls in place to protect client data,” Avox says. “The certification is awarded only… Read More >>
Dutch Pension Fund to Use SimCorp Data Warehouse
Already a SimCorp customer, Dutch pension fund provider Vermogensbeheer B.V. (PGGM) has chosen to use SimCorp’s Data Warehouse solution with the intention of improving its performance, analytic and benchmark operations, SimCorp officials say. PGGM manages roughly €200 billion ($310.9 billion) in pension assets and has been using SimCorp Dimension since 2006, officials say. The decision… Read More >>
RJO Takes a Hosted Leap into Recs Automation
Chicago-based futures brokerage and clearing firm, R. J. O’Brien & Associates (RJO) has gone from manual reconciliation to a hosted system that has allowed staff members to leapfrog into automation, even shrinking one process from a tedious 48-hour effort to minutes, says Jamal Oulhadj, senior managing director and chief risk officer of RJO. Since last… Read More >>
Convergex Fills CFO Post
Convergex, an agency-focused brokerage and trading-related services provider, reports that Frederick Arnold has joined the firm as chief financial officer (CFO). Arnold will oversee all global financial operations and serve on the executive committee, responsible for providing organizational guidance and governance, Convergex officials say. Currently a director of Lehman Brothers Holdings Inc. and Corporate Capital… Read More >>
Industry Vet to Head SS&C Unit focused on Private Capital
SS&C Technologies, a provider of fintech software and software-enabled services, reports the creation of a new business unit focused on the private capital market, and the appointment of Bob Shepro as senior vice president, responsible for heading the new unit. The appointment reunites Shepro with SS&C, “where he previously headed product strategy in the late… Read More >>
AIM Software Bolsters Sales Efforts in Europe, North America
AIM Software, an enterprise data management (EDM) solutions vendor, has appointed Ben Hopcroft to the post of director of sales for the U.K., The Netherlands and the Nordic Markets. The appointment follows shortly after the announcement that Marco Sablone, the former director of sales and marketing at Joss Technology, has joined the sales organization for… Read More >>
‘Joss offerings will be integrated with AIM’s suite’
AIM Software, based in Vienna, Austria, is completing its acquisition of New York-based entity data management vendor Joss Technology, according to Olivier Kenji Mathurin, head of product marketing and research for the data management vendor. Joss Technology is the maker of the Entity Data Management System (EDMS), the “entity master” that uses a fuzzy logic… Read More >>
ISDA Endorses Semiannual Single-Name Credit Default Swaps
Derivatives industry group the International Swaps and Derivatives Association (ISDA) is officially urging that the single-name (single company) credit default swap (CDS) roll protocol frequency be changed from a quarterly to a semiannual basis, officials say. In a prepared statement, ISDA officials say the change is in response to market feedback and is aimed at… Read More >>
Fenergo Lands $75 Million in Private Equity Funding
After showing consecutive, year-over-year growth of 100% for the past three years, know your customer (KYC) management software vendor Fenergo has secured a $75 million investment from Insight Venture Partners, a New York-based private equity and venture capital firm. The transaction is expected to close within the next few weeks, Fenergo officials say. Insight Venture… Read More >>
