Asset Control Fills CEO Post Reference data systems vendor Asset Control has appointed Richard Petti to be its new CEO, succeeding Dean Goodermote, who served as interim CEO after the departure of Phil Lynch earlier this year, officials say.Just prior to his current appointment, Petti was the chief operating officer at WEMA Environmental Technology… Read More >>
eClerx Takes on CSA Data as Advise Targets European Filing Directive
eClerx Launches ISDA CSA Solution Business processing vendor eClerx has launched the ISDA Credit Support Annex (CSA) Document Risk Review solution to help financial institutions mine information from CSAs for over-the-counter derivatives clearing, company officials say. The offering aims to offer more support for credit and legal risk, optimization of cash and collateral, and operational… Read More >>
Mack Gill Leaves SunGard as Calypso Opens an Office in Beijing
Mack Gill Leaves SunGard to be CEO at Millennium IT SunGard veteran John Mackay “Mack” Gill is the new CEO of Millennium Information Technologies, the Colombo, Sri Lanka-based developer of ultra-low latency trading technologies, officials say. The London Stock Exchange Group (LSEG) acquired MillenniumIT in 2009.Mack joins MillenniumIT from SunGard Data Systems Inc., where he… Read More >>
Forging IT Leadership in the Regulation Decade
A keynote speaker for the19th ISITC Annual Industry Forum and Vendor Show in Boston this week focused on the industry trade group’s raison d’être when he urged those in attendance to take on the “big challenges” such as driving a consensus to make standards reality such as the push for wider usage of ISO 20022-based… Read More >>
Our Predictions for 2013
To say the least, FTF News is very proud to present our first completely digital magazine. As you flip through the pages (love those sound effects) and admire the look of it, you will see that we are making some major predictions for 2013.To cut to the chase, for our top prediction, we are seeing… Read More >>
SunGard Bets On XSP
SunGard is betting on growth in the corporate actions market with its acquisition of products and service provider XSP, which was announced yesterday. But as with many areas of securities operations, getting firms to automate corporate actions may take some time and a lot of persuasion.The acquisition, which actually took place on Dec. 21, 2012,… Read More >>
Case Study: Automating Fixed Income Processing
Two key divisions of First Tennessee Bank working in fixed income trading needed a transaction platform that would help them keep pace with high trading volumes, the demands for real-time data distribution to the back office, and the need to reduce staffing and risk in securities operations. The bank’s divisions in need of a single… Read More >>
Taking Social Media to the Next Level
Direxion Funds, a registered provider of mutual funds and exchange traded funds (ETFs), is becoming more sophisticated about social media to reap more benefits from a phenomenon impossible to ignore. “It’s like someone walking up to you at a cocktail party and saying, ‘Hi, I’ve admired you from afar and I’d like to talk to… Read More >>
FinTech Products Update
The Depository Trust & Clearing Corp. (DTCC) has moved into the third phase of its corporate actions messaging overhaul with a new corporate actions pilot program intended to test ISO 20022 messages that incorporate all stages of distribution events from entitlements and payments to instructions.During the first two phases of the overhaul, DTCC officials upgraded… Read More >>
Staying Out of Trouble with Social Media
Prospera Financial Services, a broker/dealer in Dallas, Texas, is using a hosted service for social media surveillance in order to stay ahead of a fast-changing market. Social media, the firm argues, deepens relationships with current clients as it appeals to younger, more tech-savvy potential customers. Yet the decision to embrace social media is not as… Read More >>
