As the blizzard bears down on the Northeast, I had the time to review the additional comments from Tim Lind, the global head of financial regulatory solutions at Thomson Reuters. He talked to me last month about his major predictions for 2015 and his main concern was the Legal Entity Identifier standard (http://bit.ly/1yWE8YV). Yet the… Read More >>
ICE’s IBA Launches Revamped ISDAFIX
Intercontinental Exchange (ICE) officials have announced that the ICE Benchmark Administration (IBA) will introduce a new calculation methodology for ISDAFIX, starting Feb. 16, 2015, marking a new era for the global benchmark for interest rate swaps. ISDAFIX represents the average mid-market swap rates for three major currencies: the Euro (EUR), British pound (GBP) and U.S…. Read More >>
Mizuho Unit Goes Live With GoldenSource EDM
Mizuho International, a subsidiary of one of the largest financial institutions in Japan, has gone live with enterprise data management (EDM) vendor GoldenSource’s GoldenSource EDM platform, officials say. Mizuho is using the platform for client and counterparty management to support its trading, risk and compliance functions of its investment banking business across its London operations…. Read More >>
SEC Adopts Rules for Security-based Swap Repositories
The SEC has adopted rules that will require security-based swap data repositories (SDRs) to register with the regulator, and will prescribe reporting and public dissemination requirements for security-based swap transaction data, officials say. This is not the culmination of rules for reporting of security-based swaps, but only the start. The SEC has regulatory authority over… Read More >>
Will T+2 Make the Most Progress in 2015?
FTF News gathered forecasts from three vendors — Advent Software, DataArt and FSMLabs — to get their Ops predictions for 2015. This piece is part of a series in January exploring what key industry participants think will be the top Ops issues this year. Advent Software: T+2 to Progress the Most in 2015 Investment management… Read More >>
SIFMA Tech Show in Limbo?
Sometimes interesting things fall into your lap and that’s the case with a bit of news about the future of the SIFMA Tech conference. It appears the future of the venerable technology management show of the Securities Industry and Financial Markets Association is in a state of flux. I reached out to SIFMA’s public relations… Read More >>
SWIFT to Rebate $35M to Users
Financial messaging and networking cooperative SWIFT is providing a 10 percent rebate on 2014 messaging fees because of “strong traffic growth” for its services, officials say. The cooperative expects to return $35.4 million or approximately €30 million to its users in March. “We have seen strong traffic growth this year as a result of our… Read More >>
Orc Group’s Owner Acquires Tbricks
Stockholm, Sweden-based Orc Group, a provider of listed derivatives trading technology, reports that its owner, Cidron Delfi Intressenter Holding, has signed an agreement to acquire Tbricks, also headquartered in Stockholm, a provider of trading technology to “market makers, proprietary traders and banks,” according to an Orc statement. Cidron Delfi Intressenter Holding AB, the acquiring entity,… Read More >>
Two Guidances and a Farewell to 2014
Much needs to be tied up at the end of the year but unfortunately time speeds up. So before this interesting year wraps, I’d like to shine the spotlight on two guidances — a brand new one from the CFTC and an older one from the New York state government that got little coverage the… Read More >>
Markit & Thunderhead Partner for MCA Service
Financial information services vendor Markit has partnered with Thunderhead.com, a provider of trade and relationship documentation services, to establish an online service for creating and negotiating master confirmation agreements (MCA), officials say. Under the partnership Markit will integrate Thunderhead.com’s One for Capital Markets, a software as a service (SaaS) product that automated the production, editing… Read More >>
