April is Financial Literacy Month, and for its part the CFTC is urging Americans to look into the background of their financial professionals, officials say. By highlighting the regulator’s SmartCheck.gov tool with an awareness campaign dubbed (SmartCheck Week), the CFTC aims to increase awareness of both the tool itself and the importance of due diligence… Read More >>
Newcomer Eventus Debuts Ops Platform
New financial technology vendor Eventus Systems is debuting the Validus platform, which features “multi-stream data reconciliation,” officials say. The vendor says the platform is “a new way to capture and organize data flows and then process, reconcile, transform and pipeline that data in order to accurately report on risk,” officials say. “The platform is built… Read More >>
ISDA Pushes for Centralized Trading Rules
The International Swaps and Derivatives Association (ISDA) has published a “set of principles aimed at promoting regulatory consistency in the development and application of centralized trading rules for derivatives,” according to a company statement, the latest step in the industry group’s efforts to get regulators and firms on the same page when it comes to… Read More >>
Electra’s New Office to Provide BCP/DR Support
Back-office financial technology vendor Electra Information Systems reports that it has opened an office in St. Petersburg, Fla., to provide itself with more options for operations, and to provide its clients with more business continuity planning and disaster recovery (BCP/DR) support. Andy Gnibus, Electra’s manager of data services, will oversee the office, which will initially… Read More >>
Gresham Computing Takes On Transaction Reporting
City of London-based Gresham Computing plc, a provider of transaction control solutions, reports the launch of Clareti Transaction Control (CTC) Transaction Reporting. The CTC Transaction Reporting solution allows a financial institution to “verify and validate that trades reported to trade repositories comply with the requirements of regulations for eligible trades under Dodd Frank, EMIR, REMIT,… Read More >>
Sapient, Capco Vet Joins SimCorp for Top Sales Post
Investment management systems vendor SimCorp has hired Scott Johnson, formerly of the financial consultancies Capco and Sapient Global Markets, as a vice president and head of sales for North America, officials say. In his new role, Johnson will be responsible for heading up a team of sales professionals and product specialists. He will be based… Read More >>
Why Corporate Actions is Still an Ops Burden
Last week, in an FTF News story about a new white paper from financial messaging cooperative SWIFT, I focused on the toll that regulatory compliance is taking on financial services firms. I wasn’t able to delve into the corporate actions section of the SWIFT paper but I can do that now. As I noted, the… Read More >>
Liquidnet Bolsters Execution Services Group
Institutional trading network Liquidnet has hired Chris Jackson as the European head of Liquidnet’s Execution and Quantitative Services (EQS) Group, officials say. In his new role, Jackson will be responsible for “setting the strategic direction of the European Trading Desk and Algorithmic Services Group, as well as heading up the senior sales effort for Liquidnet’s… Read More >>
Watson Wheatley Adds Equity Module to i-Recs
Reconciliation systems vendor Watson Wheatley Financial Systems (WWFS) has released a new Total Equity Module for Derivatives Reconciliation for its i-Recs platform, officials say. The module facilitates matching of any margin traded instruments, and its “unique methodology” can help solve “the book cost differences that appear on derivative instruments,” according to a company statement. The… Read More >>
Cronos Consultants Group Partners with Misys
Misys, a financial software and systems vendor, has signed an agreement with Cronos Consultants Group to become a member of the Misys InFusion partner program. The program is in effect in the UK and Ireland, officials say. The companies are long-time collaborators, according to a Misys statement, with Cronos “providing consulting, system integration, infrastructure and… Read More >>
