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Logicscope Connects to Ice for Real-Time Post-Trade STP
Logicscope, a provider of post-trade STP between trading venues and their customers, has added IntercontinentalExchange (ICE) to its prestigious community of execution venues. By connecting to TradeSTP, Logicscope’s post-trade platform, clients can receive real-time post trade notifications for any asset traded on the market leading ICE electronic trading platform, transformed and delivered seamlessly into any…
NewRiver Partners with Miningham & Oellerich
In an ongoing effort to extend the company’s compliance grade mutual fund data to all broker-dealers, NewRiver today announced a new partnership with Miningham & Oellerich (M&O), a provider of front and back office solutions for broker dealers. NewRiver – creators of the leading central repository of mutual fund documents and data for financial services…
Jones Named CEO of Accuity
Accuity, a provider of payment routing data, AML screening software and services, has announced the appointment of Hugh Jones IV as chief executive officer of Accuity and NRS. Previously the president of the two businesses, Jones has over 15 years of experience building corporate value by creating rich data streams that provide new solutions to…
Bloomberg Launches Interface to CDS Clearing Houses
Bloomberg has launched the first interface in the US credit derivatives (CDS) market that connects both buy and sell side firms to the two central clearing counterparties (CCPs). The Bloomberg VCON solution, a widely accepted confirmation utility for cash and derivative instruments, now allows dealers and their clients to send executed trades to the two…
Quantifi’s Douglas Talks up Version 9.3 of its Pricing and Risk Analysis Offering
Pricing and risk analytics solution vendor Quantifi is bargaining on a “regulatory tsunami” this year to spur on spending in the OTC derivatives valuations data and risk management sector, according to CEO Rohan Douglas. In order to keep pace with the changes, the vendor has upgraded its flagship pricing, hedging and risk analysis solution by…
XSP Completes Testing and Connectivity to Swift Via Alliance Lite
Swift has been talking up the benefits of Alliance Lite (jokingly referred to by some as ‘Swift on a stick’) for some time and the vendor community is seemingly beginning to get on board with the internet-based connectivity solution, which is aimed at extending the network’s reach via low cost access. One such vendor is…
EMC to Acquire Archer Technologies, Provider of IT Governance Risk and Compliance Software
EMC Corporation today announced that it has signed a definitive agreement to acquire Kansas-based Archer Technologies, a privately held provider of governance, risk and compliance (GRC) software. The acquisition will build upon EMC’s expertise and leadership in helping customers better visualise and manage risk throughout their IT infrastructure. EMC’s acquisition of Archer is expected to…
OECD Talks up Data Quality Issues Within Regulatory Databases
At the end of 2009, the Organisation for Economic Cooperation and Development (OECD) added to the long list of regulatory papers highlighting the importance of data quality in the oversight function with a paper on regulatory systems. The regulatory policy committee report, Indicators of Regulatory Management Systems, highlights the need for greater consistency in terms…
EDM Council’s Atkin Elaborates on the Industry Group’s Progress This Year
Following on from last week’s holiday party and end of the year meeting, EDM Council managing director Mike Atkin has produced a 2009 update report on the data industry group’s progress this year. The work of the group has proved sometimes controversial, but the EDM Council certainly cannot be accused of resting on its laurels….
UK FSA Slaps London Branch of Toronto Dominion Bank with £7m Fine for Pricing Failures
In the first of what could represent an avalanche of related fines for the financial services community, the UK Financial Services Authority (FSA) has this week fined the London branch of Toronto Dominion Bank £7 million for repeated systems and controls failings around the pricing of sophisticated financial products. This is the bank’s second fine…