Hugh Cumberland has joined Trace Financial as head of business development. Cumberland was previously at Mercator, where he was responsible for product management, until that company’s merger with Ascential Software. Prior to that, he held positions at Syntegra, Tantus, Quotient, Charterhouse, Banque Indosuez, Baring Securities and Swift. Trace Financial is a middleware and corporate actions management company. Trace recently picked up two clients for its new Transformer XML transformation system, which was launched last September.
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Trace Financial Names Cumberland to BizDev Role
Demand for timely and accurate corporate actions data is growing as volumes and complexity rise, and financial institutions acknowledge the increasingly costly gap between accurate corporate actions processing in real, or near-real, time and faulty processing caused by poor data and resulting in missed opportunities to optimise revenue. While many firms currently process parts of...
DTCC subsidiary The Depository Trust Company (DTC) has enhanced its Reorganizations service to offer an automated process for submitting instructions for voluntary corporate actions in ISO 20022 format. The service is designed to replace manual submission processes and is expected to reduce risk associated with human error and provide cost savings for clients. Broadridge Financial...
The Data Management Summit Virtual brings together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.
The highly specialised realm of high frequency trading without doubt is a great driver for a range of high performance technologies that are becoming essential tools for Wall Street. More so than the now somewhat pedestrian algorithmic trading and analytics/pricing applications that are usually cited as the reason that HPC is hitting the financial markets,...