Tourmaline Partners, a global outsourced trading solutions firms, has received a majority investment from Copley Equity Partners, a private investment firm that focuses on established businesses with significant growth prospects. Terms of the deal are not being disclosed, but Tourmaline is projected to trade $300 billion notionally in equities in 2020, in a notable validation of the outsourced/supplemental trading model. Following the deal, the firm hired Alex Goodman (formerly at Macquarie) and Matt Sindell (formerly at Susquehanna International Group) as Managing Directors, and Darren Mazzuca (formerly at Gabelli Asset Management) as Director of Operations.
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Migrating risk and regulatory reporting data to the cloud is turning out to be one of the hottest trends for 2020 – but not everyone is getting it right, and there are pitfalls to be avoided as well positive outcomes to be achieved. Especially in today’s remote working world, financial firms are facing the challenge...
Investment manager Capital Group has joined Plato Partnership, the not-for-profit with a focus on equity market structure and operations, as a founding buy-side member. The firm joins Plato’s ranks of buy-side members including Axa Investment Managers, Baillie Gifford, BlackRock, Fidelity International, Norges Bank Investment Management, Union Investment, Liontrust, Legal & General Investment Management, Janus Henderson,...
Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
The industry breathed a sigh of relief when the deadline for reporting under the US Foreign Account Tax Compliance Act (Fatca) was pushed back to July 1, 2014. But what’s starting to look like perhaps the most significant regulation of the next 12 months may start to impact our marketplace sooner than we think, especially...