Consultancy Sapient Global Markets says it’s taking on the reconciliation issues of low-match rates and inaccurate regulatory reporting via the launch of the RegRecon middleware that the vendor says will facilitate automated trade matching and reconciliation, break management, and a workflow for resolution. “The regulators require institutions to establish processes for identifying and resolving data… Read More >>
Speakerbus Partners with Westcon for EMEA Distribution
Speakerbus Expects Deal to Boost Growth Speakerbus, a specialist provider of voice solutions, has signed an agreement with Westcon Group, a distributor of products and professional services for converged telecommunications solutions, to distribute Speakerbus’ offerings in the EMEA region, say Speakerbus officials. The partnership is expected to help Speakerbus grow. Speakerbus offers “advanced telephony, hoot… Read More >>
SwapClear to Use Markit’s New Netting Service
The SwapClear clearinghouse is using a netting synchronization service for cleared, over-the-counter (OTC) derivatives just launched by financial information services vendor Markit. Markit is introducing the service in a bid to help banks “automatically update their risk systems after netting and compression activity at their clearing houses,” say vendor officials. “Netting exposures within a clearing… Read More >>
U.S. Regulators Crack Down on Reporting Failures with Stiff Penalties
The CFTC and SEC are continuing their crackdown on firms large and small that fail to sufficiently file regulatory reports that have accurate and usable data that can be applied to monitoring and analyzing securities transactions as evidenced by recent actions against Deutsche Bank and Credit Suisse Securities. The CFTC has ordered Deutsche Bank to… Read More >>
LSEG, DTCC Join Forces for MiFIR Reporting
The DTCC and the London Stock Exchange Group (LSEG) are partnering to provide clients with a connection to regulatory reporting technology vendor UnaVista’s Approved Reporting Mechanism (ARM), a service that enables DTCC clients to comply with the Markets in Financial Instruments Regulation (MiFIR) reporting requirements, officials say. UnaVista is the LSEG’s hosted platform for matching,… Read More >>
Tighter Budgets Make Trading Ops Utility Model More Attractive
Cost-cutting and the crush of regulatory compliance are making a utility model for processing and sharing the costs of trade operations, including core post-trade systems, more likely, according to a new study from by Broadridge Financial Solutions. The utility model, which would incorporate reference data, reconciliations, trade expense management, corporate actions, and tax and regulatory… Read More >>
ISDA Pushes for a Derivatives Product ID Standard
Derivatives trading advocate the International Swaps and Derivatives Association (ISDA) has launched a symbology project intended to provide an industry-wide, open-source standard to help all derivatives facilities such as trading venues, clearinghouses, repositories and other infrastructures meet regulatory needs. The new industry data project is charged with developing an open-source standard derivatives product identification system… Read More >>
SS&C: Primatics Purchase to Help Clients Untangle Complex Loan Ops
Financial software and services vendor SS&C Technologies is acquiring Primatics Financial for approximately $122 million because of the surge in demand among SS&C clients for help with originating, buying, selling and securitizing loans, according to SS&C. SS&C announced on Monday that it will acquire Primatics via a cash and debt-free transaction with private equity giant… 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 >>
Misys Offers Trade Reporting Link to DTCC GTR
The Misys Regulatory Reporting Service (RRS) now offers connectivity to the DTCC’s Global Trade Repository (GTR), giving European corporates, fund managers and smaller banks another option beyond the service’s current link to the Regis-TR repository for over-the-counter (OTC) derivatives reporting mandated by the European Market Infrastructure Regulation (EMIR) legislation. The EMIR rules require all parties… Read More >>
