17.05.2012
SWIFT, operator of a global messaging network, has officially launched MyStandards, a web-based application to help financial firms reduce the time and cost to implement new market practices and changes to message standards.
17.05.2012
The Loan Syndications and Trading Association, the U.S trade group for the syndicated loans market, is urging the U.S. Treasury and Internal Revenue Service to cut offshore collateralized loan obligations some slack when it comes to meeting the new U.S reporting requirements on U.S. investors living overseas.
17.05.2012
Bonaire Software Solutions has just upgraded its REVPORT platform to allow investment fund managers to automate the validation of their distribution fees as well as the allocations of revenues and expenses.
15.05.2012
Windsor, Connecticut based financial technology giant SS&C Technologies appears to have all but completed its eventual takeover of GlobeOp Financial Services.
15.05.2012
Markit, a leading, global financial information services company, says that Citi and JP Morgan have become the first administrative agent banks to send information in syndicated loans to lenders via the Financial products Markup Language (FpML).
15.05.2012
European broker-dealers will increase spending on market surveillance programs covering equities and derivatives trading across Europe to E126 million in 2014 from E105 million in 2011, says a report just issued by Tabb Group.
14.05.2012
The recent decision by the US Internal Revenue Service to delay the effective date for cost basis reporting rules for fixed-income instruments and options by a year came as a welcome relief to Wall Street.
14.05.2012
Guggenheim Investments has licensed a platform from Milestone Group to automate the process for validating its fund accounting data used to strike net asset values for its mutual funds.
14.05.2012
The Securities and Exchange Commission and Financial Services Authority have sent a clear message to registered investment fund advisers -- establish clear cut policies involving the side-by-side management of investment funds or face the consequences.
14.05.2012
State Street Corp., one of the world's largest custodian banks, has lost a bid to dismiss a lawsuit from an Arkansas pension fund that it overcharged on its foreign currency trades.
14.05.2012
A service from Depository Trust & Clearing Corporation to automate orders, redemptions and post-trade processing of some alternative investments just got a big boost from Thomson Reuters.
10.05.2012
SIX Financial Information, formerly known as SIX Telekurs, has shed a lot more than the Telekurs name.
The Zurich headquartered firm and subsidiary of SIX Group is in the midst of a four-year $110 million plan to replace its legacy reference and market data platforms with licensed systems from Asset Control and OneMarket Data. The Beetstezwaag, Netherlands headquartered Asset Control has become a household name in the reference data management arena through its AC Plus platform with clients such as BNP Paribas; Dresdner; Societe Generalel ING and JP Morgan. OneMarketData in Hoboken New Jersey names LinzAG, Galiam Capital; Scottrade and Vegasoul Capital Management as users of its OneTick Database.
10.05.2012
Financial information vendor Markit has pushed the envelope from supplying raw data and analytics to data infrastructure.
10.05.2012
Portware, a New York based execution management service provider, has bought some of the assets of the former Pipeline Trading to help fund managers improve their trading decisions.
09.05.2012
Poor order routing decisions for trades executed on US exchanges are costing buy-side firms as much as $5 billion a year in lost opportunities, so they better pay a lot closer attention to what their broker-dealers are doing.
09.05.2012
ISIS Fund Services, a Bermuda-headquartered hedge fund administrator, has installed a technology platform from Linedata to expand the portfolio analytics available to its clients.
08.05.2012
An extra year to prepare for any new regulatory requirements sounds great.
Except when it comes to the final phase of the Internal Revenue Service's cost basis reporting rules, that is.
ISS-MAG Q1 2012
