Financial data and technology vendor Markit is acquiring the corporate actions and post-trade securities processing provider Information Mosaic in a bid to position itself as “a leading provider of end-to-end corporate actions services,” say Markit officials. Financial terms were not disclosed by either vendor. “The transaction is expected to close in the third quarter of… Read More >>
Wall Street and Silicon Valley Fight for Talent
You might want to add Paul Revere of Wall Street to Jamie Dimon’s other titles, but it’s not the British invasion that the chairman, president and CEO of JPMorgan Chase recently warned about. “Silicon Valley is coming,” he declared in his April 8 annual letter to shareholders. “There are hundreds of startups with a lot… Read More >>
ICAP SVP to Focus on New Fixed Income Products
Interdealer broker ICAP has appointed Ted Bragg to be its senior vice president of fixed income product initiatives in the ICAP US Securities group effectively immediately, officials say. In his new role, Bragg will be based in New York and will be responsible for “creating and developing new hybrid fixed income products for ICAP’s US-based… Read More >>
ISDA Service to Offer EMIR Clearing Tool
The International Swaps and Derivatives Association (ISDA) and Markit, a London-based provider of financial information services, report the launch of the European Market Infrastructure Regulation (EMIR) clearing classification tool on ISDA Amend, the ISDA and Markit online service that facilitates compliance with “certain EMIR and other regulatory requirements.” Specifically, the tool “enables derivatives users to… Read More >>
ICAP Veteran Appointed to Virtu Financial Board
Market maker Virtu Financial has appointed John D. Nixon, the former group executive director for Americas at interdealer broker ICAP (US), to its board of directors effective immediately, officials say. Nixon recently announced that he will retire from the ICAP board of directors March 31 of this year, a position he held since May 2008…. Read More >>
Exchange for Carbon Trading Launches in U.S.
Is carbon trading making a comeback? Officials at the Carbon Trade Exchange (CTX), an electronic spot trading exchange for global carbon credits, hope so. CTX has just launched a platform to buy and sell allowances from the Regional Greenhouse Gas Initiative (RGGI), officials say. RGGI is the first mandatory cap-and-trade program in the United States… Read More >>
Swaps Reporting May Ease for Some
The CFTC has approved for public comment a proposed rulemaking that could ease swaps reporting requirements for some counterparties, officials say. The proposed rule would reduce reporting and record-keeping requirements for “trade option counterparties that are neither swap dealers nor major swap participants (Non-SD/MSPs), including commercial end-users that transact in trade options in connection with… Read More >>
Can Scandal Spur Global Regulatory Harmony?
Something surprising appears to be underway behind two major financial crime stories that broke over the past several weeks – regulators and law enforcement officials domestically and internationally can work together for positive results. To recap, a coalition of sorts joined forces to bring in alleged “Flash Crash trader” Navinder Sarao, a British futures trader…. Read More >>
ISDA Adds Two to Board of Directors
The International Swaps and Derivatives Association (ISDA) has added two new directors and re-elected 10 members to its board of directors, ISDA officials say. The two new directors are: Yasunobu Arima, general manager, Global Markets Planning Division, The Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU); And Sam Skerry, global head of structured products and IST commercial… Read More >>
OptionsCity Taps Eze Software for New Sales VP
Electronic trading vendor OptionsCity Software has hired Dan Rooney as its new vice president of global sales, officials say. Before joining OptionsCity, Rooney was the managing director of sell-side sales at Eze Software, officials say. Before that position, he was the CEO of RealTick EMS, a hosted solution for financial applications. He oversaw RealTick’s expansion… Read More >>
