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The Options Clearing Corporation Announces Two Officer Promotions
Mary Savoie to first vice president, Industry Services from vice president, Industry Services. She will continue as lead manager of the Options Industry Council, an industry cooperative programme of comprehensive options education for retail and institutional investors and financial advisors. Savoie will also manage OCC’s role in organising the Options Industry Conference and OCC’s Corporate…
Eagle’s Lehner Talks up SaaS, Integration, Global Expansion and Regulation for 2011
Following its decision to move Asian and EMEA managing director John Legrand from his London base out to Singapore earlier this year, Eagle Investment Systems has been actively bolstering its on the ground presence in the two regions and this hiring drive will continue into 2011, according to CEO and president John Lehner. The EDM…
Credit Suisse Adopts SSPA Terminology for Structured Products
Credit Suisse announced today that from the start of January 2011, the bank will align the terminology for its structured products with the categorisation model of the Swiss Structured Products Association (SSPA). This step is a measure to increase coherence of terminology and the comparability of products in the future. Credit Suisse has decided to…
Swift Contemplates Use of Online Platform for Collaborative Standards Development
Swift has spent a lot of this year focused on honing its standards development message for the market and, in this vein, lead standards analyst Tom Alaerts has suggested that the industry network operator could use social media and an online platform to improve the standards development process itself. By providing a forum for open…
A-Team Group Continues Expansion with New Hire
London, Dec. 15, 2010 — A-Team Group, specialists in news, research and events for financial IT executives, is pleased to announce that Filsan Ali has joined A-Team Group as Business Development Manager, responsible for Reference Data Review and Risk Technology sales activities, including the A-Team Insight online news service, A-Team’s new Valuations Benchmarking Survey and…
UK FSA Highlights Asset Managers’ Counterparty Risk Shortcomings and Valuations Independence
As a follow up to its 2009 Financial Risk Outlook (FRO), the UK Financial Services Authority (FSA) has published a review of the derivative risk management practices in place across the investment management industry, which highlights the buy side’s valuations and risk management practices and related shortcomings. The study, which is based on data from…
Fortune SGAM Adopts Omgeo Alert and Omgeo CTM Via Hundsun
Omgeo, the global standard for post-trade efficiency, today announced that Fortune SGAM, one of China’s leading investment management firms, is the first company to go live on the Omgeo-Hundsun interface for cross border post-trade processing. The Omgeo-Hundsun interface was established in June 2010 after the two companies entered into a global alliance agreement the previous…
CrossBorder Capital Selects SunGard’s FastVal for UCITS Compliance
CrossBorder Capital, a London-based independent investment advisory firm, has implemented SunGard’s FastVal, an independent valuation service for vanilla and complex over-the-counter (OTC) derivatives. CrossBorder Capital expanded into alternative investments in 1999 and the FastVal solution, a cost-effective service provided on an ASP basis, is helping the firm comply with UCITS directives covering the independent valuation…
Susan Certoma Appointed President of Broadridge’s Brokerage Processing Services Business
Broadridge Financial Solutions announced today the appointment of Susan Certoma as president of Broadridge’s Brokerage Processing Services (BPS) business. In her new role, Certoma will be responsible for all aspects of Broadridge’s Brokerage Processing Services business, which includes equity, option and mutual fund securities processing as well as its Business Process Management (BPM) suite and…
CFTC and SEC Seek Input on Joint Proposals for New Algorithmic Descriptions for Complex and Standardised Derivatives
In line with the Dodd-Frank Act’s push to get derivatives onto exchanges and centrally cleared, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have set up a joint study to examine the feasibility of adopting new standardised computer readable codes to identify complex and standardised derivatives. The request for comment…