(Editor’s note: With the MiFID II deadline about 100 days away, FTF News will be running an ongoing roundup of IT and operations news related to the market reform legislation.) Linedata & the DTCC Extend a 10-Year-Old Relationship With the MiFID II deadline looming, Linedata, a vendor of investment management solutions, has extended a decade-old… Read More >>
Alacra Says Buy Side Wants Research-on-Demand Service
Business information vendor Alacra says its new Alacra-on-Demand (AOD) research service has recently seen significant adoption by asset managers, hedge funds and private equity firms. AOD had a soft launched in February and provides “a team of experienced researchers on an ad-hoc, pay-as-you-go basis to conduct specialist research,” according to a company statement. Alacra officials… Read More >>
CME Group Overhauls Leadership Structure
CME Group, the Chicago-based derivatives marketplace created from a merger of the Chicago Mercantile Exchange and the Chicago Board of Trade, has announced what it characterizes as a “new leadership structure” intended to “better meet the needs of its global customer base,” according to a CME statement. The new structure will see the former… Read More >>
SEC Charges Hedge Fund with Portfolio-Pumping
The SEC on Monday filed charges against a Minneapolis-based hedge fund manager, his investment advisory firm and an employee for portfolio pumping and bilking investors in two hedge funds out of more than $1 million, officials say. As management fees earned by Archer Advisors LLC were dwindling due to the funds’ poor performance, the SEC… Read More >>
