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The potential for advancing how asset managers take advantage of the web is unlimited. 

The move to negative rates by the Swiss National Bank (SNB) shows the level of worry about deflation – a concern shared by the European Central Bank (ECB), according to Norman Villamin, CIO, Europe at Coutts. 

Hong Kong's HS Group, an independent, institutional investment firm reports its second investment, in a hedge fund to be founded by Christopher Lee, previously head of BlackRock's Scientific Active Equity department in Hong Kong, and Burke Lau, formerly head of Asia & Japan Quant Research at Macquarie Securities.

The Basel Committee on Banking Supervision has today issued a consultative paper on outstanding issues for its fundamental review of the trading book capital standards. 

The Investment Management Association (IMA) is urging ESMA (the European Securities and Markets Authority) to reconsider its advice on MiFID II (Markets in Financial Instruments Directive). 

Nasdaq Clearing says that Swedbank Robur, the largest Swedish fund manager, has started clearing of Interest Rate Swaps (IRS) through the clearing broker Swedbank. 

Baldwin Brothers picks SS&C Global Wealth Platform

Baldwin Brothers Inc - the independent, US-based financial advisory firm with approximately US$1 billion in assets under management - has chosen SS&C’s wealth management platform to support its growing business.

SG CIB adds ForexClear to OTC client clearing offering

Societe Generale Corporate & Investment Banking (SG CIB) says that its Newedge prime services business has added LCH.Clearnet’s ForexClear service as a new central counterparty clearinghouse (CCP) to its client OTC clearing offering, allowing its clients to clear non-deliverable forwards (NDFs).

Standard Chartered Bank to service Mid East currencies

Clearstream has appointed Standard Chartered Bank to act as cash correspondent bank for Middle Eastern currencies. 

Torstone completes Liquidnet Inferno implementation

Torstone reports that it has now completed the implementation of its Inferno back office system to support Liquidnet’s business in Japan. 

First Reserve turns to Deutsche Bank

First Reserve, acclaimed as the largest global private equity and infrastructure investment firm exclusively focused on energy, has handed Deutsche Bank a fund services mandate.

HSBC announces new head of HSS, Americas

HSBC has named Alexis Vasquez Meissner as head of HSBC Securities Services (HSS). 

State Street wins Swiss & Global Asset Management extension

Swiss & Global Asset Management (Swiss and Global) has asked State Street to provide a range of investment servicing solutions for US$70 billion in assets.

Cinnober supports Dubai exchange

The Dubai Gold & Commodities Exchange (DGCX) and its central counterparty service provider, the Dubai Commodities Clearing Corporation (DCCC), have launched a new settlement service that will enhance trading and cost efficiencies for clearing members.

Liquidnet mandates BNP Paribas Securities Services

Liquidnet, the global institutional trading network, has mandated BNP Paribas Securities Services to provide it with a comprehensive suite of back office services including third-party clearing, settlement and assistance with the record-keeping process.

 

The rise of the third-party provider

Research and advisory firm Celent has released a new report, titled, The Evolution of Sell-side Equities Technology Practices

The transatlantic gap widens

The widening of the transatlantic gap is the underlying theme of a just-issued thought piece from Valentin Hofstätter, head of bond market & currency research at Raiffeisen Bank International AG (RBI), in his presentation of the “Strategy Global Markets“ for the first quarter of 2015.

Two more for BNP Paribas Zurich sales

BNP Paribas Securities Services has made two senior appointments to its client development team in Zurich.

OneVue to take control of Super Managers Australia

Fund service provider OneVue Holdings Limited (OneVue) is to take control of Super Managers Australia Pty Ltd (SMA), expanding its wholesale offering further into superannuation administration.

ICE reports futures records

Intercontinental Exchange, the global network of exchanges and clearing houses, reports that ICE Futures US achieved a daily volume record in the mini MSCI Index futures complex and a daily volume record in the mini MSCI All Country World Index Net Total Return future on December 12, 2014.

New DR programmes continue to grow

DR programmes continue to grow, says BNY Mellon, with 161 sponsored and unsponsored programmes established for issuers from 37 countries in 2013 till the end of November 2014.

DR 2014 highlights

BNY Mellon's Depositary Receipts business highlights a number of key points of note in the industry in 2014. 

Investor demand pushes up DR capital raising

Investor demand for international securities pushed capital-raising in depositary receipts (DRs) to over US$38 billion in 2014, more than tripling the total seen in the  previous year. 

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