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HSBC’s Treacher Reckons Swift’s ISO Standards History Will Stand it in Good Stead for LEI Issuance
Marcus Treacher, head of e-commerce and client experience for HSBC’s Global Transaction Banking division, is a key supporter of Swift’s ambitions in the securities space and reckons its experience of ISO standards in other areas of its business will be beneficial in its role as the potential issuer of a new legal entity identification standard….
GlobeOp Launches Form PF Reporting Service for Hedge Funds Ahead of SEC Deadline
With the first SEC deadline for private fund (Form PF) reporting currently less than six months away for many large hedge funds and managed account platforms, GlobeOp Financial Services has launched a reporting service to specifically support the requirements. “Many funds with more than $1 billion in assets under management (AuM) potentially face their first…
Opinion: A Reader Suggests an Organisational Structure for Thomson Reuters FP&M
By Ross InglisAs a long-time former employee of Thomson Reuters (over 14 years), I took little pleasure in seeing the changes announced last month. It has been a difficult period following the acquisition of Reuters by the Thomson Corporation and it has not been made any easier by upheaval in the world’s financial markets and…
Additional International Consensus on the Proposed LEI Needed Before Rules Can be Issued in 2012, Says OFR’s Berner
Although the Office of Financial Research (OFR) was due to issue a rule regarding the adoption of its proposed legal entity identification (LEI) standard before the end of last month, the deadline has slipped due to the need to gain additional international input on the subject, according to the Treasury’s Richard Berner. Berner, who was…
Costs of Living Wills Requirements Likely to be Considerable But Are Hard to Estimate, Says Kinetic Partners’ Shrimpton
The UK Financial Services Authority (FSA) has just released a new consultation paper on its proposals for recovery and resolution planning requirements, which estimates that the direct costs of implementation will be between £4 million and £35 million for “high impact” firms and the ongoing compliance costs to the industry will be between £150 million…
SIX Telekurs and TNS Intensify Collaboration to Target Growth in Asia
Financial information provider SIX Telekurs and Transaction Network Services, a global data connectivity provider, are intensifying their collaboration to source real-time market data from high growth financial centres in Asia. TNS will host communications between market data sources in Asia and SIX Telekurs? regional data centre in Singapore. Significant among the data sources are stock…
Sifma Kicks off Industry Feedback to SEC on Proposals for Dealing with Unclaimed Securities, Further Clarity Needed
Sifma has been one of the first industry groups to raise concerns about the Securities and Exchange Commission’s (SEC) proposals regarding the introduction of new requirements for broker-dealers and transfer agents to collect data on lost or missing security holders. The association (one of around a dozen to respond initially) is asking the regulator to…
FOW TRADEdata Named TT Connected Partner
Trading Technologies International (TT), a leading provider of order-entry software and solutions for professional derivatives traders, and FOW TRADEdata, a specialist data aggregator and distributor of reference data for exchange traded derivatives, are pleased to announce that FOW TRADEdata has been named a TT Connected Partner. FOW TRADEdata’s Xymbology service ensures clean symbol mapping of…
Interactive Data Brings Local Evaluated Pricing Expertise to Germany
Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that it has expanded its award-winning evaluated pricing services capabilities in Germany. A new team of evaluators based in Interactive Data’s Frankfurt office will provide local market knowledge and expertise in the evaluation of German domestic fixed-income securities in…
Broadridge Financial Solutions, the Nation’s Largest Investor Communications Company Saves Corporate Issuers More Than $508 Million This Proxy Season
Broadridge Financial Solutions, the nation’s largest investor communications company, estimates that it saved corporate issuers an unprecedented $508 million this proxy season, compared to $446 million during last year’s proxy season, through the use of its cutting-edge technologies. Broadridge achieved these estimated cost savings while processing 12 billion more shares than a year ago. “Broadridge’s…