Post-trade services utility, the DTCC has announced that the ProtoColl front-end collateral management system from Omgeo, a DTCC subsidiary, has now been integrated with DTCC-Euroclear GlobalCollateral Ltd.’s Margin Transit Utility (MTU), a solution to facilitate the settlement of margin obligations, officials say. The integration will let Omgeo ProtoColl clients gain a view “of all transactions… Read More >>
Dutch Firm Picks SunGard’s Investran
Brabant Development Agency Capital, an investment management company focused on the regional economic structure in the Province of Noord-Brabant, The Netherlands, has picked Sungard Financial Systems’ Investran, to “help enhance data and investment transparency across front- and back-office stakeholders and processes,” according to a SunGard statement. Brabant will employ Investran’s “accounting, deal flow, relationship management,… Read More >>
Cordium Debuts Compliance Workflow Solution
Compliance consulting and software vendor Cordium has just launched Pilot, a new compliance workflow management system, officials say. Pilot is designed “to manage complex compliance and operational tasks from start to finish,” and thus help compliance professionals manage and keep on top of their workload, according to a company statement. Pilot centers around an interactive… Read More >>
Q&A: DTCC VP Says T+2 Requirements Coming in May
John Abel, vice president with the DTCC, says the requirements for moving to the trading day plus two business days (T+2) shortened settlement cycle will be coming in early May. There will also be a parallel effort to identify the legal and regulatory changes needed to facilitate T+2. Abel, the DTCC and other industry groups… Read More >>
FIX Fails to Catch On in Post-Trade Operations: Panel
By now, most financial services firms are fairly familiar with the Financial Information eXchange (FIX) electronic trading protocol for front-office concerns like trade execution. But, thus far, the messaging standard has failed to catch on in the back office even though there is growing evidence that extending the protocol makes sense. The incumbent protocol needs… Read More >>
Robson Takes CEO Post at Relationship Science
Enterprise technology vendor Relationship Science has appointed FinTech veteran Jon Robson as its new CEO, officials say. At the same time, Relationship Science also announced the close of a Series D $31 million funding round, which included an investment by TABLE Holdings, an affiliate of Bill Ackman. All in all the funding round “includes a… Read More >>
Veteran Grains Broker Joins RJO UK
R.J. O’Brien & Associates (RJO), the venerable futures brokerage and clearing firm founded in 1914 and based in Chicago, reports that veteran institutional grains broker Richard Mayhew has joined its affiliate R.J. O’Brien (UK) Ltd. as senior vice president, head of grains and oilseeds, EMEA. “With more than 35 years of experience in grains in… Read More >>
Fenergo’s New COO from Adobe
Fenergo, the Dublin, Ireland-based provider of client lifecycle management software for investment banks, capital market firms and private banks, reports the appointment of Colm Heffernan as chief operating officer (COO). Industry-veteran Heffernan joins Fenergo from Adobe Systems, “where he spent 15 years in a variety of senior roles,” according to a statement. Most recently, he… Read More >>
Ergon Picks One Tick Data Management Platform
OneMarketData, a Hoboken, N.J.-based provider of software and data for the financial industry, reports that Austin, Texas-based Ergon Capital Management, which builds market technology solutions and quantitative trading models, has picked OneTick, OneMarketData’s flagship product, as its tick data management platform, tracking and analyzing price changes as a security is traded. OneTick’s “analytical tools will… Read More >>
BofA Names Co-Heads for Global Investment Banking
Bank of America (BofA) has named Karim Assef and Diego De Giorgi as co-heads of its Global Investment Banking group in an effort by the bank “to strengthen our ability to serve our most important clients,” BofA officials say in an internal memo. Assef and De Giorgi will report to Christian Meissner, who is head… Read More >>
