Treasury and capital markets solution vendor Calypso has appointed Medhi Miri as its new senior vice president of professional services, officials say. In his new role, Miri will oversee “the strategic direction of product implementation for Calypso’s clients, as well as process improvement and new service offerings,” according to a company statement. “Banks, regardless of… Read More >>
Nasdaq Launches Data Centers in Ontario
Nasdaq’s Directors Desk corporate governance offering will be expanding its presence in the Canadian market, with the opening of two new data centers in Ontario, officials say. Nasdaq expects the move will enable it “to more effectively service clients,” according to a company statement. Just like Nasdaq’s servers in the U.S. and Sweden, the Canadian… Read More >>
Deutsche Bank to Replace Co-CEOs
The Deutsche Bank supervisory board has appointed John Cryan, 54, a board member who formerly was president for Europe at Temasek, the Singaporean investment company (2012 to 2014), and chief financial officer of UBS (2008 to 2011), to the position of co-chief executive officer, effective July 1. The appointment, made at what the bank called… Read More >>
Marco Polo New World Launches FX Matching Service
Manhattan-based Marco Polo New World, which specializes in emerging and frontier markets, reports that it has spent the past year upgrading its infrastructure to create a “foundation on which to extend the breadth of its service offerings.” The first result of the infrastructure upgrade is MPFX, a “matching engine and user interface [that] allows clients… Read More >>
Fidessa Rolls Out Analytics for Derivatives
FinTech vendor Fidessa has just launched a new order analytics service for derivatives transactions, officials say. Fidessa’s Order Analytics aims to provide “greater precision to the control and measurement of derivatives [algorithms],” a company statement says. The service is fully integrated with Fidessa’s global futures and options trading platform, which will enable users to monitor… Read More >>
Elizabeth Warren Blasts SEC Chair’s Performance
Outspoken Wall Street critic U.S. Senator Elizabeth Warren (D-Mass.) is blasting SEC Chair Mary Jo White and the regulator’s record over the past two years in a letter that raises “serious concerns” about White’s leadership of the agency. Describing White’s tenure as “extremely disappointing,” Warren says that the agency is not “consistently and aggressively” enforcing… Read More >>
MarginSphere 2 Targets OTC Margin Flow Surge
Margining automation vendor AcadiaSoft is targeting MarginSphere 2, the first major upgrade to its flagship platform, at easing the burden of compliance with new margining regulations coming down the pipeline for non-centrally cleared derivatives, officials say. First released in 2009, MarginSphere is an electronic margining platform for over-the-counter (OTC) derivatives that automates the margining process…. Read More >>
CastleOak Securities Hires MD from Deutsche Bank
Boutique investment banking firm CastleOak Securities has hired Rick Carr as a senior managing director and co-head of sales and trading, officials say. In his new role, Carr will report to David R. Jones, president and CEO of CastleOak, and he will be focused on “building the firm’s fixed income business and team nationally, with… Read More >>
SEC Taps Goldman Sachs for Chief of Staff
SEC officials report that Andrew J. “Buddy” Donohue has been named the agency’s chief of staff, replacing Lona Nallengara, who will leave the agency in June. As chief of staff, Donohue will be a senior adviser to Chair Mary Jo White on “all policy, management, and regulatory issues,” according to an SEC statement. Most recently,… Read More >>
Polish CCP Clears First OTC Trades
Polish clearinghouse KDPW_CCP has cleared the first over-the-counter (OTC) trades denominated in Polish zloty (PLN) between Citi Handlowy and mBank, officials say. The launch of KDPW_CCP’s OTC derivatives and repo clearing service was mandated by the European Market Infrastructure Regulation (EMIR), according to which all OTC trades of certain derivatives must be cleared by an… Read More >>
