The New Year brings opportunities to take on post-trade securities operations challenges or at least take the time to review the progress your firm has made in its trajectory to operational efficiency. It’s also a chance to make resolutions that will guide the firm throughout the year. To help firms craft a list of Ops… Read More >>
Ops Story of the Year: The Return of the T+2 Push
It’s been a dynamic year when straight through processing (STP) and the push for T+2 settlement cycles made big comebacks while disturbing layoffs and ongoing fines and penalties appeared to be on the rise. We at FTF News have compiled the following list of the top Ops stories, trends, new currents and online video coverage… Read More >>
Eurex Licenses GMEX’s CMF for Trading & Clearing
Global Markets Exchange Group, a wholly owned subsidiary of Global Markets Exchange Group International (GMEX), and Eurex, an international derivatives exchange market, report reaching a license agreement, under which Eurex will license GMEX’s Euro-denominated constant maturity future (CMF) for trading, via Eurex’s multilateral trade registration (MTR) service, and clearing on Eurex Clearing. In addition, “GMEX… Read More >>
Post-Trade Ops: Not Just for Wannabe Traders Anymore
When Josh Brodman first dipped his toe into post-trade operations, he wasn’t quite sure what to expect. It was 2005 and Brodman, then a junior majoring in finance at Binghamton University, had just secured an Ops internship at a hedge fund with roughly $6 billion in assets under management (AUM). “I was looking across the… Read More >>
Genpact, Lombard Risk Target Collateral Management Woes
Genpact, a specialist in business processes, operations and technology, and Lombard Risk Management, a collateral management services vendor, are joining forces to help firms optimize increasingly expensive collateral management operations, officials say. A new collaboration between the two will integrate Genpact’s Collateral Agreement and Reference Data Services (CARDS) and Lombard Risk’s COLLINE collateral, clearing, inventory… Read More >>
New EDM Council Chairman from HSBC
The Enterprise Data Management (EDM) Council has elected Peter Serenita, HSBC’s chief data officer (CDO), as chairman of the EDM Council’s board of directors, officials say. Serenita’s election “comes at a particularly critical time for the practice of data management in the financial services industry,” the EDM Council says in a statement, as “banks and… Read More >>
Liquid Gives CFO an ‘Inducement Grant’
Liquid Holdings Group, Inc., a provider of cloud-based investment management solutions, reports an “inducement grant” to Peter R. Kent, its new chief financial officer. “As an inducement for Mr. Kent to accept employment with Liquid, effective November 13, 2014, Mr. Kent was awarded a grant of nonqualified options to purchase 1,000,000 shares of the company’s… Read More >>
Calastone Names Cristóbal Conde Board Chairman
Calastone, a funds transaction network, has named Cristóbal Conde chairman of its board, effective immediately. Conde, who last year joined the Calastone board as a non-executive director, and is an investor in the privately held business, will work alongside Julien Hammerson, the company’s CEO, according to a statement. Calastone offers its Global Transaction Network to… Read More >>
SS&C Announces Fund Services Promotions
SS&C Technologies, a provider of financial services software and software-enabled services, has promoted Renee Mooney to lead SS&C GlobeOp’s private equity fund administration business, officials say. Mooney, a senior vice president and nine-year SS&C veteran, will have the support of Christine Egbert, Aparna Parmeswaran, Phil Ratner and Chris Madpak, officials add. Darren Berkowicz, managing director,… Read More >>
PIMCO’s Meyn: Better Recs Can Prevent Wrecks
Optimal reconciliation and exception management can catch early on many signs of fraud, rogue trading and other nightmares that have rocked the financial services industry in recent years and should be treated as such, says Cynthia Meyn, executive vice president of operations at Pacific Investment Management Co. (PIMCO), a bond investment giant based in Newport… Read More >>
