Financial Technologies Forum (FTF), owner of FTF News, has just announced the winners of the 2016 FTF News Technology Innovation Awards, noting that it had a record-breaking response with approximately 27,000 votes cast for 25 awards categories. Except for the Editor’s Choice award, the nominees and ultimate winners of the awards are selected by FTF… Read More >>
NSX Officially Re-Launches, Debuts Low-Price Fees
NSX Re-Launches for Equities, ETFs As expected, the National Stock Exchange (NSX) has re-launched trading operations for equity securities and exchange-traded funds (ETFs), and reports that it is offering “low-price market access fees,” officials say. The relaunch follows the SEC’s approval on Dec. 14 to resume trading operations, which includes a phased roll-out of all… Read More >>
Nordea Bank Scores Breakthrough with Repo Trading
Nordea Bank, a large financial services group in Northern Europe, has been working with post-trade services provider Omgeo and investment management software vendor SimCorp to automate its repurchase agreement (repo) post-trade matching process, and recently matched its first live repo trade. The Stockholm-based bank recently processed a repo instrument between itself and Swedish administrative services… Read More >>
BNP Paribas Securities Services to Use SimCorp’s Platform
BNP Paribas Securities to Use SimCorp’s Dimension Platform BNP Paribas Securities Services reports that it has implemented the SimCorp Dimension system to streamline accounting processes for its clients. The firm has implemented the SimCorp Dimension platform to manage its integrated accounting offering “as well as other services in its comprehensive product suite,” according to SimCorp… Read More >>
People Moves at Deutsche Bank, SimCorp and LPL Financial
Deutsche Bank Fills Post for ICG Debt Americas but Pulls Out of Russia Deutsche Bank has hired industry veteran John Gallo who joins from Citigroup as managing director and head of ICG Debt Americas, officials report. Gallo will be based in New York and report to John Pipilis, global head of ICG Debt. Gallo, who… Read More >>
Brown Shipley Deploys SimCorp Client Reporting System
Brown Shipley, a private bank in the U.K., has gone from a manual client reporting system to a platform from vendor SimCorp in a bid for greater operational efficiency, officials say. Brown Shipley officials confirm via a press release that by deploying the SimCorp Coric Client Communications system they have “significantly reduced the manual effort… Read More >>
SS&C Names Advent’s Leadership Team as EMEA Director Departs
SS&C Technologies, a provider of financial services software, has named the leadership team for its recently acquired Advent Software business unit. At the same time, investment management systems and services vendor SimCorp has hired Martin Engdal, a former market strategist and senior director of business development, EMEA, for Advent. The new management structure for Advent… Read More >>
Survey: Many Firms Still Use Manual Systems for Swaps Ops
Despite multiple efforts to automate the processing of complex swaps, nearly half — 44 percent — of asset managers recently surveyed by FinTech vendor SimCorp say that they rely “mostly or completely” on manual processes for the investment lifecycle. In addition, the survey find that more than 50 percent say that they still need manual… Read More >>
SimCorp Dimension Upgrade Widens Views Across Ops
Investment management systems and services vendor SimCorp has updated its enterprise solution SimCorp Dimension, release 5.8, and is including new support for the back office, a performance analysis manager, tighter integration with MSCI’s RiskMetrics and the introduction of a manager for investment book of record (IBOR) models, officials say. The back office module will allow… Read More >>
SimCorp Opens a Portal on Everything IBOR
Investment management systems vendor SimCorp has launched an Investment Book of Record (IBOR) portal on its webpage, a move aimed at raising awareness and providing context in response to what SimCorp says is a recent heightened demand for IBOR solutions. An IBOR centralizes positions information across all asset classes on an intraday basis, providing a… Read More >>
