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Helping to SPReD the good news

Brian Bollen in conversation with SmartStream CEO, Philippe Chambadal about the creation of their new entity.

The creation of an industry-backed reference data utility in the international financial services industry is a cause for celebration. Especially when it has the explicit backing of three of the world's best known names: Goldman Sachs, Morgan Stanley and JP Morgan. 

That explicit backing takes the form of shared minority ownership of Reference Data Services Inc, the entity created by SmartStream as the culmination of five years of effort to build the world's first reference data utility.

Investors allocated $32 billion in net new assets to exchange-traded funds/products (ETFs/ETPs) listed globally in September, according to ETFGI’s preliminary ETF and ETP global insights report for the September 2015. T

Nasdaq has officially launched new trade surveillance monitoring capabilities for dark trading activity alongside its SMARTS Trade Surveillance platform.

The Trustees of the £135 million AQA Pension Scheme have chosen Towers Watson to manage its investment portfolio.


Rapid Addition, a provider of trading technology, is buying the business, assets and employees of DET Technologies, a provider of low latency hub and monitoring software to support electronic trading. 

Lynx Asset Management AB has mandated HSBC Securities Services (HSS) to provide administration and global transfer agency services to its two Swedish onshore fund vehicles. 

The Global Legal Entity Identifier Foundation (GLEIF) today launched the accreditation programme that confirms the suitability of organisations issuing Legal Entity Identifiers (LEIs) to legal entities engaging in financial transactions.


Duco appoints Lesur chief revenue officer

Duco, a London-based fintech provider of hosted reconciliation services, says its expansion continues with the appointment of Emmanuel Lesur as chief revenue officer (CRO), responsible for global sales.


Hannon Armstrong names BNY Mellon to new roles

Hannon Armstrong Sustainable Infrastructure Capital has asked BNY Mellon to add the roles of trustee, registrar, paying agent and back-up servicer for $118.6 million in asset-backed securities issued by it to the array of services it already provides.  



EFA upgrades

Luxembourg-based European Fund Administration (EFA) says it has recently upgraded its IT infrastructure to offer clients fund administration services powered by a state-of-the-art and green IT platform.

Eurex Clearing plans PEM launch

Eurex Clearing Prisma Margin Estimator (Eurex Clearing PME) on November 16. It says this will further enhance the risk management offering for its members as it helps them and their clients to assess Eurex Clearing Prisma initial margins for their current and hypothetical portfolios.


Amplitude mandates Apex

Amplitude Capital has mandated Apex Fund Services to provide administration services to the offshore funds it manages in Switzerland, the UK and the Cayman Islands.


Albridge in transparency move

Albridge, an affiliate of Pershing LLC, a BNY Mellon company, says it has created the Albridge Data Quality Benchmark, a new benchmark designed to help broker-dealers assess the quality of data they receive from companies. 

Clarient, FIA team up for OCR/CFTC

Clarient, the industry-owned client data and documentation utility, and the FIA Technology Services, Inc. (FIA Tech), a wholly owned subsidiary of the Futures Industry Association, have partnered to introduce a streamlined solution to simplify the reporting process under new Commodity Futures Trading Commission (CFTC) Ownership and Control Reporting (OCR) requirements. 

Institutional investors flocking to multi-asset

Nearly two thirds (65 percent) of institutional investors believe that their peers’ exposure to multi-asset funds will increase over the next three years as the search for value and yield intensifies.

Goldman Sachs, JPMorgan Chase, Morgan Stanley join with SmartStream

Goldman Sachs, JPMorgan Chase and Morgan Stanley have joined with SmartStream to create a new Reference Data Utility. 

Local Saudi Arabia mandate for HSBC

HSBC Saudi Arabia today announced that it has been mandated as local custodian to Ashmore Group, which is one of the first asset managers to secure regulatory approval to invest in Saudi Arabia’s stock market, the Tadawul. 

How not to get cyber fleeced, by the AIMA

The Alternative Investment Management Association (AIMA) says it has published new cyber security guidance for hedge fund firms and other asset managers.


NSD Repository mandatory reporting

Russia's NSD Repository says it has registered more than 14,000 reports on transactions since October 1 2015, when mandatory reporting was introduced for all types of derivative transactions on the Russian market.


TradeCycle – the complete post-trade offering

A partnership between Commerzbank and Clearstream of the Deutsche Börse Group has delivered Europe’s first integrated post-trade servicing.

Gowdy joins Vistra UK

Barry Gowdy has joined Vistra (UK) as a director, effective from the first of October.


PSG appoints SGSS UK

PSG Wealth (PSG), the wealth management business of independent South African financial services group PSG Konsult, has mandated Societe Generale Securities Services (SGSS) in the UK to provide a comprehensive execution and investment administration outsourcing solution for foreign assets.

Vietnam fund sets out Guernsey plans

Directors of the VinaCapital Vietnam Opportunity Fund have announced plans to migrate its domicile from the Cayman Islands to Guernsey.


Matthieu Herbeau joins RBC I&TS

Matthieu Herbeau has joined RBC Investor & Treasury Services as a managing director, global head of foreign exchange execution, treasury & market services.




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