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DTCC Appoints Lewis to Head New Syndicated Loan Business
The Depository Trust & Clearing Corporation (DTCC) has appointed Mathew Keshav Lewis to head up its new syndicated loan business in Europe. Lewis will become vice president, European loans product management, and lead the business development for DTCC’s new LoanServ product line in Europe. LoanServ is a new suite of services that DTCC says will…
NewRiver Joins XBRL US as Part of Plan to Simplify Financial Disclosure
NewRiver, a US provider of a central repository of mutual fund documents and data for financial services firms, has joined XBRL US, the national consortium for XML business reporting standards. The firm has joined the consortium in order to help the industry simplify financial disclosure, according to Russ Planitzer, president and CEO of NewRiver. The…
Essent Trading Replaces Proprietary Pricing Database with Asset Control’s Platform
Swiss energy trading outfit Essent Trading has picked Asset Control’s data management software to replace its proprietary pricing database. The firm is using the Asset Control solution to centralise its energy and commodity market data. According to Essent Trading, its growth in energy and commodities across markets in Europe means that the ability to manage…
SEC Launches Online Reference Site for AML for Mutual Funds
Originally appeared in MiFID Monitor The Securities and Exchange Commission (SEC) has unveiled a new one-stop online reference site to assist mutual funds in their anti-money laundering (AML) compliance efforts. It has also launched a new centralised phone line specifically for securities firms to report the filing of a suspicious activity report (SAR) that may…
Broadridge Completes Acquisition of Investigo as Part of EDM Push
Broadridge Financial Solutions has successfully completed the acquisition of Investigo Corporation as part of its plans to strengthen its positioning in the enterprise data management (EDM) and compliance space. According to the vendor, this acquisition complements a number of its initiatives targeted to support the wealth management strategies of its customers and Investigo’s products and…
DTCC Appoints Burton VP of Product Risk and Strategy
The Depository Trust & Clearing Corporation (DTCC) has promoted Jisun Burton to vice president of product risk and strategy. In her new role, she will be responsible for the risk activities of DTCC OTC derivatives subsidiary DerivServ. Burton will be responsible for managing risk associated with all OTC derivatives products, operations, and regulatory issues. She…
Wolters Kluwer Financial Services Buys Compliance Online
Originally appeared in MiFID Monitor Wolters Kluwer Financial Services has purchased Compliance Online, an online compliance information provider focused on regulatory information, analysis, news and value-added commentary for the UK’s financial services market. Compliance Online provides UK customers with explanatory regulatory information to help the customers understand how to conduct business under the Financial Services…
Interactive Data Connects to GGY’s Axis for Fixed Income Analytics
Interactive Data Corporation has added an interface to the BondEdge structured finance cash flow engine and library through GGY’s Axis system. The Axis system’s pricing, valuation and modelling tools can now be used for the complex fixed income securities modelled by Interactive Data Fixed Income Analytics. According to the vendor, the fully integrated offering is…
Microsoft Acquires Data Quality Software Vendor Zoomix
Microsoft has signed an agreement to purchase Israeli start-up and enterprise data management vendor Zoomix, which was founded in 1999. According to Microsoft, the acquisition will allow it to provide customers with a data quality solution and further enhance its plans to make the SQL Server a “complete data platform for all data management needs”….
Know Your Counterparty: The Importance of Centralised, Quality Counterparty Data
By Rick Enfield, product business owner at Asset Control The rise of alternative investment classes and derivative products corresponds with an increase in the number of counterparties financial institutions are dealing with today. While financial institutions have kept a close watch on systemic and operational risk factors, additional levels of investment complexity, coupled with a…