LPL Financial, a custodian for registered investment advisors that characterizes itself as the largest independent broker-dealer by revenues in the U.S., reports that David Wright has been named executive vice president, chief technology officer (CTO). In his newly created CTO role, Wright will report to Victor Fetter, managing director, chief information officer, LPL Financial officials… Read More >>
Mizuho International Revamps Data Infrastructures
Mizuho International, a subsidiary of one of the largest financial institutions in Japan, has gone live with a security master application from reference data vendor GoldenSource, officials say. The deployment of the Securities & Products application follows the investment bank’s January deployment of GoldenSource’s entity master application, dubbed Customers & Counterparties, officials say. Integrated on… Read More >>
UnaVista Hires from Axiom SL
UnaVista, the London Stock Exchange Group’s matching, reconciliation and regulatory reporting platform, reports that Robert Grant has joined as head of business development, software for Americas. Grant has 25 years of industry experience and most recently served as senior vice president of sales at Axiom Software Laboratories, “where he also led marketing and business development… 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 >>
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 >>
