JP Morgan Investor Services Votes For Crest
JPMorgan Investor Services is to use the recently launched Crest service for electronic voting. It provides an end-to-end electronic process for all corporate actions, including meeting notification and vote instructions from the issuer’s agent to the institutional investor. JPMorgan is using the service as part of its efforts to help clients meet the increasing corporate...
FTI Heads East With India Development Centre
Financial Technologies International (FTI), has opened a new software development and service centre in Mumbai, India. FTI will work with TCG, an Indian outsourcing specialist, to operate the Development and Service Centre. TCG has previously worked with a variety of US firms including Sybase, United Airlines, i2 Technologies, and Computer Associates, and will use the...
FTI Bonds With m.a. partners
New York-based vendor Financial Technologies International (FTI) has formed a partnership with m.a partners, a London-based management consultancy, for consultancy and systems integration expertise. The partnership is intended to create a ‘best of breed’ partnership for the provision and delivery of streamlined processes and increased efficiencies for back-office operations, the pair say. They are already...
Bond market standing settlement instruction database launched
The TradeWeb fixed income network has launched AccountNet, a real-time database of standing settlement instructions that will enable institutional investors, securities dealers and custodian banks to warehouse and share settlement instructions for client accounts. The launch of AccountNet follows a six-month live test of the system by primary dealers, investment managers and global custodian banks,...
Fame Targets Reference Data Management Space with referencePoint Re-Positioning
In a move intended to place it firmly in the reference data management area, Fame Information Services has introduced a new suite of products and services under the ‘referencePoint’ umbrella. Fame, typically associated with time-series data management services, has made significant investment in its product line and reorganized the company in order to position itself...
Banc of America Plans Expansion of Internal Reference Database
Banc of America Securities is planning to expand an internal reference database that it developed with Financial Technologies International with the addition of further instruments and functionality. Alan Rosenthal vice president of IT business architecture at BoA told the recent FinExpo conference in London that the bank has been able to realise $16,000 a month...