An informal poll conducted Wednesday by Deloitte & Touche reveals that industry participants remain confused over the benefits of recently passed regulatory reform and how it will affect them.
The Depository Trust & Clearing Corp. plans to make all billing available in an online application next quarter.
The Committee of European Securities Regulators published its consultation paper on transaction reporting for over-the-counter derivatives last week and proposed two options that would govern requirements for transaction and position reporting of the contracts.
LaCrosse Global Fund Services is planning to take a best-of-breed approach with the fund administration assets it is acquiring from Bank of America Merrill Lynch, according to co-ceo Christopher Kundro.
A rash of new business this year for bank owned custodians and administrators is the result of an expanding pool of potential clients, according to Jay Hooley, ceo of State Street.
Algorithmics is cautioning the Bank of International Settlements’ Basel Committee on Banking Supervision that a proposal for an international framework for measuring, standardizing and monitoring liquidity risk may be tough on firms from a data management perspective.
Industry officials have warned the European Commission that the appointment of independent administrators to chair and participate in a clearinghouse’s risk committee could limit a CCPs ability to establish a stringent risk policy for clearing over-the-counter derivative contracts.
Viteos Fund Services is working with large risk management software companies in order to set up the ability to stream data to them on a real-time basis, according to Francis Rainsford, executive v.p.
The Options Clearing Corp. plans to eliminate its electronic pledge process for U.S. and Canadian government securities in favor of taking control of the securities immediately.
An over-the-counter derivatives valuation service launched this week by Bloomberg Professional Service will give users the ability to examine the vendor's methodologies for valuing the complex instruments.
C.K. Cooper, an Irvine, Calif.-based full-service investment bank, is planning to build out its research group on the East Coast.
Cosmos Technologies, the development arm of Indus Valley Partners, has added a new annual lease option for all its modules, which include P&L analytics, full-blown post-trade compliance, financing and risk management, according to Gurvinder Singh, IVP ceo.
The National Securities Clearing Corp, a subsidiary of the Depository Trust & Clearing Corp., plans to restrict the lending of certain securities through it automated Stock Borrow Program, including corporate and municipal bonds and securities by a member that is the issuer or affiliate of the issuer of the security.
Advent is in the process of completing development on the integration of its portfolio management and fund accounting platform Geneva 8.0 with Advent Partner, its partnership accounting platform for hedge funds.
Penson Worldwide is mulling the possibility of expanding its fixed-income processing service in the wake of completing its acquisition of the correspondent clearing contracts of Ridge Clearing & Outsourcing Solutions, a subsidiary of Broadridge Financial Solutions.
The National Securities Clearing Corp., a subsidiary of the Depository Trust & Clearing Corp., has added a new member designation to allow third-party providers to access its mutual fund services, including Fund/SERV.
The Fixed Income Clearing Corp., a subsidiary of the Depository Trust & Clearing Corp., has outlined an initial set of changes it expects to make related to its Government Securities Division (GSD) and Mortgage-Backed Securities Division (MBSD) participants in the next few months.
BNY Mellon Clearing (BMC), a U.S.-registered futures commission merchant introduced by The Bank Of New York Mellon this week, will emphasize its reputation as a service provider and its independence once it begins targeting new clients, according to Sanjay Kannambadi, ceo of the unit.
A small segment of buy-side firms plan to increase their spending on technology to improve their collateral management processes for over-the-counter derivatives, according to the results of a survey conducted by IntegriData.
The National Securities Clearing Corp., a subsidiary of the Depository Trust & Clearing Corp., will make changes to the process for its Automated Customer Accounts Transfer System (ACATS) intended to protect retail customer assets.
Buy-side firms will need new technology and regulatory exemptions before they can effectively access central counterparty clearing (CCP) platforms for over-the-counter derivatives directly, according to Ila Eckhoff, director at BlackRock.
A move to use Europe-based infrastructure for over-the-counter derivatives clearing and reporting seems more likely following this week's actions by the European Parliament's influential Economic and Monetary Affairs Committee.
Northern Trust is looking at the possibility of adding a risk module onto its reporting platform for hedge fund and fund-of-fund managers.
The Swiss Financial Market Supervisory Authority has begun looking at whether the over-the-counter derivatives market should be regulated.
Post-trade processing has rarely received as much attention as trading despite being a key part of the trade lifecycle. But recent events have highlighted the operations function and inspired attempts to improve it.
Vendors offering cost basis calculation and reporting software are counting down the days until the first implementation deadline for new rules from the Internal Revenue Service.
The International Swaps and Derivatives Association is in the process of updating documents related to its governance structure.
Innotribe, a unit within SWIFT focused on innovation, is in the process of vetting an idea with the industry for a digital safe for banks that SWIFT may help produce and support in a few years.