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 >>
Deutsche AWM Goes Live with Eagle Solution
Vendor Eagle Investment Systems, a subsidiary of BNY Mellon, reports that its data management solution has gone live at Deutsche Asset and Wealth Management, where it will support the firm’s EMEA and Asia-Pacific operations, officials say. “Deutsche AWM, with €1.039 billion of assets under management (AUM), is among the 10 largest bank-owned asset and wealth… 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 >>
SmartStream Launches Office in Saudi Arabia
Reconciliation vendor SmartStream has opened a new office in Riyadh, Saudi Arabia, in a bid to cement its presence in the Middle Eastern market, officials say. After successful efforts to centralize its operations in the Middle East at its Dubai office, “SmartStream has experienced unparalleled growth, necessitating the launch of this newest office,” according to… Read More >>
Could Regulation Drive Bitcoin’s Acceptance?
Speakers at a conference on Bitcoin noted that as incongruous as it may seem for a crytocurrency created by anarcho-capitalists, regulation could be an important first step in bringing Bitcoin the trust and recognition it needs before it can really take off. “Nobody is excited about regulation,” says Sarah Martin, CEO of digital currency public… Read More >>
Lombard Risk Spotlights Colline Wins
London, England-based Lombard Risk Management, a provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, reports that its collateral management, clearing, inventory management and optimisation solution — called Colline — has tallied a “significant number of sales and ‘go-lives’ in the past few months.” Specifically, Lombard Risk notes that… Read More >>
SmartStream Updates Exception Management Offering
Reconciliations vendor SmartStream has added several enterprise-wide capabilities to the latest release of its TLM Exception Management solution, officials say. The new version includes new features to ease the managing of processes, provide step-by-step operations capabilities and alert functionality across the front-to-back-office. The new functionality is already in use within SmartStream’s Reference Data Utility (RDU),… 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 >>
ICAP and BATS Partner for EFP Clearing
The BATS Chi-X Europe stock exchange has partnered with interdealer broker ICAP to combine several services that will soon enable market participants to trade fully cleared equity index exchange for physical (EFP) transactions anonymously, officials say. An EFP involves the simultaneous exchange between two parties of a futures position for a position in the underlying… Read More >>
Ultimus Fund Solutions Adds Recs Support
Mutual fund service provider Ultimus Fund Solutions reports that it has added SunGard’s InvestOne reconciliation solution to its current usage of the Asset Arena InvestOne investment accounting platform. The addition will “help enhance middle- and back-office reconciliation support for clients,” Ultimus says in a statement that also notes that it has worked with SunGard for… Read More >>
