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Instrument and Entity Identification are Key Issues for MiFID Forum’s Transaction Reporting Subject Group
Given the high profile fines that have been handed out over the last 12 months in the UK for data related transaction reporting failures, it is no surprise that the subject of entity and instrument identification is top of the list for the recently formed Transaction Reporting Subject Group of the MiFID Forum. Alan Jenkins,…
Hibernia Aims to Undercut Latency with Express New York to London Link
Hibernia Atlantic is planning a sub 60 millisecond latency cable link between New York and London, claiming that none of its competitors will be able to beat its speed in the timeframe before the cable carries low latency data for high frequency traders in mid-2012. Hibernia says the 60ms New York to London round trip…
Netik Appoints Neicho as Head of Global Business Development
Netik, a global leading provider of financial data management and reporting services and products, announced today the appointment of Luke Neicho to the role of head of global business development. He will report directly to newly appointed John Mason, chief operating officer of Netik. Neicho joins from Eagle Investment Systems, a subsidiary of BNY Mellon,…
Euroclear and Broadridge Plan to Jointly Offer End to End Shareholder Voting
Broadridge Financial Solutions and Euroclear have signed a memorandum of understanding (MoU) whereby both firms are looking into forming an alliance to jointly strengthen shareholders’ governance rights by making it easier for investors to vote electronically at company general meetings. Under the EU Shareholders’ Rights Directive, currently being transposed into Member State law, investors must…
Omgeo Names Matthews COO, Appoints Friel as Executive Director of Service Availability
Omgeo, the global standard for post-trade efficiency, today announced that Steve Matthews has been named chief operating officer (COO) to lead the product, client operations and technology functions at Omgeo. In addition, Pete Friel, former vice president of US Service operations at NYSE/Euronext, joins Omgeo as executive director of service availability. In his new role…
Société Générale Securities Services Mandated by the Paris branch of Credit Suisse Securities Europe to Provide Independent Pricing Services
Société Générale Securities Services (SGSS) has been mandated by the Paris branch of Credit Suisse Securities Europe Limited to provide completely independent secondary pricing of structured products to a number of its institutional clients. This secondary pricing will thus enable them to meet increasingly rigorous regulatory requirements. SGSS has over five years experience in the…
DST Global Solutions Appoints Vice President of Sales and Marketing
DST Global Solutions, a leading provider of technology solutions to the financial services industry, has appointed Rick McCarthy as Vice President of Sales and Marketing, Americas. McCarthy’s primary role will be to lead new business development activities for the company’s investment management solutions, Askari, HiPerformance and HiNet, as well as AWD, its business process management…
Morgan Stanley Selects GlobeOp to Provide Managed Account Services
Morgan Stanley has selected GlobeOp Financial Services to provide independent middle and back office services, and detailed daily data and reporting for its managed account platform ALPHAS. “Managed accounts require significant infrastructure to meet fund manager and investor demands for operational transparency and independently reconciled data,” said Ron Tannenbaum, managing director, GlobeOp. “We welcome the…
Broadridge Announces Shareholder Forum in Canada
Broadridge Financial Solutions today announced the Canadian rollout of Shareholder Forum, a hosted online venue where validated shareholders can submit questions, vote their shares, respond to surveys and interact directly with their corporate issuers year-round. Corporate shareholders are increasingly relying on online tools to obtain information, voice their opinions, communicate and vote. The Broadridge Shareholder…
ECB’s Trichet and González-Páramo Indicate it is Working on Data Foundations for the ESRB
One of the main requirements for conducting accurate and efficient macro-prudential oversight, as included in the remit of the incoming European Systemic Risk Board (ESRB), is to have a solid data foundation on which to base judgements with regards to systemic risk analysis (as noted by Reference Data Review last month). No surprise then, that…