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Fonetic Names Child, Broderick, Blower to New Advisory Board
Voice systems provider has created an advisory board to tap industry expertise on the use of technology in regulatory compliance and market surveillance. To kick off the initiative, the company has recruited three industry executives: Nick Child, former Citi markets compliance head, who will act as chairman; Sandy Broderick, ex-Société Générale MD; and Oliver Blower,…
FlexTrade Adopts SmartStream RDU’s SI Registry for MiFID II Compliance
By Uri Inspector, Staff Reporter FlexTrade has integrated SmartStream RDU’s Systematic Internaliser (SI) Registry into the FlexTrader execution management system (EMS) to help FlexTrade customers comply with new MiFID II reporting regulations coming into force from September 2018. The development will allow FlexTrade clients to ascertain the SI status of counterparties before they decide to…
Post-Trade for ETDs: The Final Frontier for Buy-Side Operational Efficiency?
The fund management industry’s shift to passive funds and embrace of smart-beta funds over the past decade or so has shaved margins to the extreme. In this environment, operational efficiency becomes an existential issue. Across a broad swathe of asset classes, front-office technologies have kept pace with massive changes in market structure driven by regulation…
NorthRow Joins FCA Regulatory Sandbox
Regtech and compliance specialist NorthRow has been selected to join the fourth cohort of the Financial Conduct Authority (FCA)’s Regulatory Sandbox, an initiative launched in 2015 to provide a channel for businesses to test products and services in a controlled and customised live market environment. NorthRow (formerly Contego) delivers customer onboarding through a combination of…
Managed Services and the Evolving Operating Model
By Liz Blake, Global Head of Eagle Managed Services According to a recent Experian white paper, ‘Building a Business Case for Data Quality’, 83% of organisations have seen bad data stand in the way of reaching key business objectives. In particular, the research identified lost sales opportunities, inefficient processes, and client relationships as among the…
Interxion Unveils New LON-3 Data Centre
Colocation data centre service provider Interxion this week announced the planned October launch of LON-3, the latest addition to its central London campus, with an event at London’s City Hall on July 11. Interxion’s Brick Lane data centre is already home to a number of electronic execution venues, including Instinet’s BlockMatch, the London Metal Exchange’s…
ESMA Delays SI Implementation for Derivatives by Six Months
ESMA has pushed back the systematic internaliser (SI) implementation dates for derivatives by six months due to concerns over a lack of data completeness among market participants. The delay – to March 1, 2019 – mirrors the earlier treatment of MiFID II derivatives rules on open access, which were deferred from January 2018 to January…
Tackling a New Era of Financial Data Management
By Martijn Groot, Vice President of Product Management, Asset Control Business users across financial services are more data hungry than ever before. They want to interact with data directly and quickly collect, manipulate and analyse the data in order to streamline operations. There are two drivers for this. First, users increasingly expect instant access to…
Fenergo Eyes Asset Managers with Buy-Side Push for Client Lifecycle Management
Client lifecycle management (CLM) solutions provider Fenergo is taking an ambitious jump into asset management with the launch of a strategic new buy-side division. Headed up by Kevin O’Neill, formerly the head of the US asset manager segment for the Royal Bank of Canada’s Investor & Treasury Services, the new team will focus on leveraging…
Beeks Financial Cloud Adds Cross-Connect Access to LME
By Uri Inspector, Staff Reporter High-performance Infrastructure-as-a-Service (IaaS) provider Beeks Financial Cloud has added cross-connect capability to the London Metal Exchange (LME). The facility – implemented at Interxion’s LON-1 data centre in Brick Lane in London, home to LME’s primary matching engine since May 2017 – will allow collocated Beeks clients to trade electronically on…