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Rolfe & Nolan Adds Parker to European Sales Team
Rolfe & Nolan has added Gavin Parker to its European sales team, with a focus on order management solutions. He was previously managing director at Real Time Trading Systems and was IT director at Fortis Bank. Parker will report to Bill Herder, senior vice president, order management, and will be based in London.
SEI Taps Rodgers for Institutional Sales in Europe
SEI Investments has named Greg Rodgers director, institutional sales, for Continental Europe, based in London. The appointment marks the company’s continuing expansion in Europe. SEI recently opened offices in Germany and the Netherlands, and has offices in the U.K. and France. Rodgers will work with Bart Heenk, managing director for the Netherlands, and Stephan Romer,…
S&P Risk Solutions Hires Bar-Or, Davies for Product, Business Development
Standard & Poor’s Risk Solutions has named Yuval D. Bar-Or global head of product management and development, and Darren K. Davies managing director for North American business development, based in New York. Bar-Or will be responsible for the evolution and deployment of credit risk products, and will report to Roy Taub, executive managing director of…
Outsourced Data Management Services: Will This Be the Year? By Tim Lind, Senior Analyst, Investment Management, TowerGroup
Although discussions surrounding the economics of outsourcing have only increased over the past three years, creating inertia in the securities industry for business process outsourcing has been a frustrating experience. Entrenched attitudes take time to change, and outsourcing decisions continue to be driven more by political considerations than by the bottom line. The biggest hurdle…
LSE, FT Interactive Data Go Live With Corporate Actions via Swift
With the opening up of the Swift network to vendors for delivery of their corporate actions data, several data vendors have grabbed the opportunity and are in the process of launching ISO 15022-compliant data services. These developments are helping move the industry towards standardization and greater automation of corporate actions. FT Interactive Data last week…
FTI StreetEnterprise Release 6.3 Upgrades StreetReference, Actions
Financial Technologies International’s release last month of the latest edition of its StreetEnterprise securities processing solution features substantial upgrades to both its StreetReference reference data module and StreetActions corporate actions automation platform. According to FTI, the new release – version 6.3 – refines the StreetReference module “to improve the quality of data received from vendors.”…
Reuters’ Enterprise Data Unit Is Bright Spot in Interim Results
Reuters’ Enterprise Information Products group – home to its DataScope valuations data suite – posted a 30% rise in revenue for the first half of 2004, proving the brightest spot within the company’s set of interim results, which showed a drop in overall revenues for the second quarter.
Mark-it Partners Teams with eClerx For Risk Benchmarking
Mark-it Partners has formed an alliance with eClerx, a Mumbai, India-based provider of data and risk analysis, to offer joint clients risk benchmarking services using Mark-it credit and RED data. Under the deal, eClerx will have access to Mark-it Partners’ data on a daily basis, allowing it to benchmark a firm’s position risk to Mark-it’s…
National Bank Financial Opts for Accurate Software NXG
National Bank Financial, the investment banking subsidiary of National Bank of Canada, and its NBCN Clearing unit have selected Accurate Software’s NXG operational risk management suite to extend automation of their back-office systems. National Bank Financial was seeking a single platform for handling its trade reconciliations process and reduce operational risk.
TD Securities Prime Brokerage Selects Eagle Platform
TD Securities’ Prime Brokerage group has selected Eagle Investment Systems Corp.’s Pace data hub and portfolio management system as part of an overhaul of its systems to support hedge fund and institutional asset management customers. Aside from Pace, TD Securities will also implement Eagle’s Star investment accounting system and its Performance investment performance measurement suite….