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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…
Bloomberg and Information Mosaic Partner on Corporate Actions
Bloomberg Data Solutions and Information Mosaic executives today announced a strategic partnership to provide a new service that will streamline corporate actions processing and reduce operational risks and costs. For the first time, financial institutions will be able to use the same Bloomberg corporate actions data for investment decisions in the front office, as well…
Rand Report Explores Conflict Between European Data Privacy Laws and E-discovery Requests
FTI Technology, the e-discovery business segment of global advisory firm FTI Consulting, today announced the availability of a RAND Europe report entitled “E-Discovery and Legal Frameworks Governing Privacy and Data Protection in European Countries.” The complimentary report, which is available for download at the FTI Technology site, provides guidance on a common challenge for multinational…
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…
DTCC’s Heggarty and Omgeo’s Lind to Join Thomson Reuters
In line with its recent spate of hiring, data vendor Thomson Reuters is rumoured to soon be adding the Depository Trust & Clearing Corporation’s (DTCC) managing director of market structure Robert Hegarty and Omgeo’s current managing director of strategy Tim Lind to its ranks. Last month, Thomson Reuters added ex-Credit Suisse exec Sally Hinds to…
Broadridge Introduces the First Mobile ProxyVote Platform
Proxy voting moves to the next generation of advanced technology with today’s announcement by Broadridge Financial Solutions, Inc. (NYSE:BR) that its ProxyVote.com platform will be available on mobile data devices such as smart phones and tablets in early 2011. The announcement and demonstration was made at Broadridge’s annual Investor Communications Conference, held today in New…
StatPro Boosted By Software Deals Spanning Four Continents
StatPro Group, a provider of portfolio analysis and asset valuation services for the global investment management industry, today announced that it has signed new multi-year contracts with several customers in Europe, North America, Africa and Asia. The new customer contracts include a variety of StatPro products, including the StatPro Seven portfolio analytics platform and the…
BT’s Pickles Discusses the Data and Risk Management Aspects of the Sequel to MiFID
Although there has been significant focus on the front office and trading impacts of the MiFID review, there are a whole host of middle and back office concerns to consider. Reference Data Review speaks to Chris Pickles, head of marketing for Financial Markets & Wholesale Banking at BT, about his perspectives on these challenges. There has…
Missing a Trick?
The breakdown of the time spent on each area for discussion at yesterday’s MiFID Forum was indicative of the general press and industry attention that is being given to certain aspects of MiFID over others. The majority of the presentations focused on the front office and market data impacts of the directive’s revisions (with good…