London-based electronic trading platform and services vendor Fidessa has hired Jay Biancamano, the one-time executive chairman and CEO of Pipeline Trading, to be its new head of equities product marketing for the Americas, a move Fidessa describes as a “key appointment for its sell-side business.” Pipeline was a predictive analytics and algorithmic trading firm that… Read More >>
Michael Atkin: ‘DCAM Harmonizes the Data for the Prime Goal’
Non-profit trade association, the Enterprise Data Management (EDM) Council has just released the Data Management Capability Assessment Model (DCAM), a collection of best practices for the management of data across an enterprise. The new DCAM documentation is intended to help firms “align data across multiple internal repositories in order to operate more efficiently and meet… Read More >>
Electra Tackles Month-End Recs Problem
For some reconciliations professionals working in post-trade operations, it can seem like some jobs just don’t end when they’re supposed to. This is especially true when it comes to performing month-end reconciliations, where back-dated transactions from prime brokers and other counterparties can often come through days or even weeks after the actual end of the… Read More >>
SIFMA Pushes Back on Revamp of Retirement Savings Rules
President Barack Obama announced Monday that he wants to see “major actions” taken to update the rules governing retirement savings that will focus on conflicts of interest. The White House will be directing the Department of Labor (DOL) to “crack down on Wall Street” in order to protect investors from conflicted retirement advice, officials say…. Read More >>
Citi Appoints NYU Dean as Independent Director
Citigroup Inc.’s board of directors reports that it has elected Peter Blair Henry as a new independent director, with his term beginning July 1, 2015. Henry is the dean of New York University’s Leonard N. Stern School of Business and an international economist who specializes in emerging economies, according to a Citi statement, which notes… Read More >>
Wolters Kluwer Adds OneSumX Strategy VP
Wolters Kluwer Financial Services reports that industry veteran Richard Reeves has joined as vice president of strategy for its governance, finance, risk and compliance (GFRC) solution suite, OneSumX. Reeves will “work directly with Wolters Kluwer Financial Services’ product management, sales, marketing and business development teams to help customers across the globe utilize OneSumX to address… Read More >>
SEC Promotes Pamela Dyson to CIO
The SEC has promoted Pamela C. Dyson from Acting Chief Information Office (CIO) to CIO in charge of overseeing all of the regulator’s IT technology functions “Pam has been instrumental in our ongoing efforts to enhance the commission’s information technology capabilities,” says SEC Chair Mary Jo White in a statement. Dyson has held key positions… Read More >>
CME Group Unveils List of Board Candidates
Derivatives and clearing services marketplace CME Group has announced its candidates for its board of directors, officials say. Elections will be held at the company’s annual meeting on Wednesday, May 20, 2015. CME Group’s board of directors has recommended that Class A and Class B shareholders, voting together, should elect the following 19 individuals to… Read More >>
Deloitte First Big Auditor to Have Female CEO
Cathy Engelbert has been elected to the CEO post at Deloitte, “becoming the first female CEO of a major audit and consulting firm in the US,” according to the company, while Mike Fucci will become chairman of the Deloitte board. Both he and Engelbert will assume their new positions on March 11, 2015. Engelbert, 50,… Read More >>
SEC Fills Chief Counsel Post for Trading and Markets
The SEC has named Heather Seidel as the new chief counsel for the regulator’s division of trading and markets, an internal move for Seidel, who left her position as associate director in the division’s office of market supervision to begin her new role immediately, officials say. The chief counsel for the division provides legal and… Read More >>
