Hub Gains Six Firms Under Phase 2 of IM Rules Collateral and margining solutions provider AcadiaSoft reports that six more “in-scope firms” under Phase 2 of the new initial margin (IM) rules have been integrated into the AcadiaSoft Hub for non-cleared derivatives. “The additional firms chose to use the hub for IM in order to… Read More >>
Nasdaq to Buy eVestment for $705 Million
eVestment to Join Nasdaq’s Global Information Services Group The Nasdaq Stock Market is moving to acquire vendor eVestment, a content and analytics provider, in a bid by the exchanges company to “deliver attractive shareholder returns” via a company whose client base includes asset managers, investment consultants and asset owners, officials report. Nasdaq will pay $705… Read More >>
FTF Awards Q&A: Few Vendors Offer Proper IBORs
(Editor’s note: SimCorp has been a longtime proponent of investment book of record (IBOR) technology and has been riding out the hype-wave when suddenly every vendor had an IBOR offering. The vendor’s efforts were affirmed when it won the 2017 FTF News Technology Innovation Award for Best Investment Book of Record (IBOR) Solution. FTF News… Read More >>
DDJ Bolsters Ops via Cloud Version of Portia
Firm Gains Time, Ops Advantages via SS&C Hosting Investment manager DDJ Capital Management has signed on to use the hosted, software-as-a-service (SaaS) version of the venerable Portia system to outsource the creation, maintenance and control of overnight workflows and batch jobs, say officials at SS&C Technologies, the financial IT conglomerate that owns Portia. The SaaS… Read More >>
FTF Announces 2017 Award Winners
Financial Technologies Forum (FTF) has just announced the winners in its awards competition for post-trade securities operations, which turned out to include a nod to the emerging technology of blockchain/distributed ledger technology (DLT). Approved industry participants and a not a panel of judges selected the winners for the 2017 FTF News Technology Innovation Awards, reports… Read More >>
CME to Close European Derivatives Exchange & Clearinghouse
CME to Complete Closures by the End of 2017 Citing customer preferences for its U.S. infrastructure, CME Group officials report that they will be closing the London-based derivatives exchange, CME Europe, and the clearinghouse, CME Clearing Europe, by the end of the year, officials say. For the dismantling, CME Group officials will be working… Read More >>
Are Silos of Broken Data Keeping You Up at Night?
(Editor’s note: Not surprisingly, broken data is still a problem for front-to-back office operations at securities firms as recent research and a webinar via SimCorp has shown. The investment management solutions and services vendor collaborated with Adox Research on a survey of market participants that found 79 percent of them say that 9 percent of… Read More >>
SimCorp Extends Operations in Europe
Citing a recent client win as the incentive, investment systems vendor SimCorp is revamping its organizational structure in Europe, establishing new Northern and Southern European market units that will be working with the existing Central European group. The changes on the European front will not have any impacts on SimCorp’s operations in North America, SimCorp… Read More >>
New York Proposes Mandatory Cyber-Security for Firms
NY DFS Proposes Regulation to Require Cyber-Security Programs The state of New York via the State Department of Financial Services (DFS) wants to require banks, insurance companies, and financial services institutions to “establish and maintain” a cyber-security program via a new regulation proposed by the DFS and Governor Andrew M. Cuomo. The impetus for the… Read More >>
Northern Trust Hires from Blackrock
Northern Trust Asset Management Fills Senior Posts Northern Trust Asset Management, with $875 billion in assets under management (AUM) as of the end of 2015, reports two senior appointments to its London-based asset management group. Aaron Overy has been named to a senior institutional sales post, with a primary focus on the U.K. market, and Nigel… Read More >>
