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Clearstream opens new office in Zurich

Clearstream reports that it is opening a new representative office in Zurich tomorrow (April 1) to better serve its growing customer base in the region. Marco Geisselhardt, head of relationship management, Investment Fund Services at Clearstream, is named as its first manager.

Electra Information Systems, a provider of software solutions for the asset management industry, has opened an office in St Petersburg, Florida, headed by Andy Gnibus, manager of data services.

 

State Street Corporation reports that Scott Powers (age 56),  president and chief executive officer of State Street Global Advisors, intends to retire later this year after more than seven years leading the firm and three decades in the investment management industry. 

RBC Investor & Treasury Services has been named as custodian and administrator by Legg Mason Australia, the Australian arm of US-listed Legg Mason Global Asset Management.

The Committee on the Global Banking System (CGFS) has just issued a new paper on central bank operating frameworks and collateral markets.

CME Group, the world's leading and most diverse derivatives marketplace, announced the first trades of its new physically delivered cocoa futures contract (contract code CCP), which were launched yesterday on its European exchange, CME Europe.

 

Russia's National Settlement Depository (NSD) has introduced a delivery-versus-payment basis using correspondent accounts opened with the Bank of Russia.

Deutsche Börse, CCB sign agreement

Deutsche Börse Group and China Construction Bank (CCB) say they have signed an agreement on a strategic partnership.

PSAM questions Vivendi corporate governance

P Schoenfeld Asset Management LP says it has sent a letter to the Board of Vivendi containing questions concerning corporate governance at Vivendi as well as seeking clarification of recent actions taken by Vivendi chairman Vincent Bollore. 

Gresham Computing launches CTC

Gresham Computing plc, a provider of transaction control solutions, reports the launch of Clareti Transaction Control (CTC) Transaction Reporting. Gresham says the solution allows financial institutions (FIs) to verify and validate that trades reported to trade repositories comply with the requirements of regulations for eligible trades under Dodd Frank, EMIR, REMIT, G20, MiFID and MiFIR.

Offshore RMB growing: SWIFT

SWIFT's latest thinking out loud on the internationalisation of China's currency shows that when it comes to handling global payments in Chinese renminbi (RMB), Hong Kong still takes the lion’s share with over 70 percent of the market by value. 

Eurex Clearing PFMI-compliant

Eurex Clearing reports that it has published an updated compliance report with the CPSS-IOSCO Principles for Financial Market Infrastructures (PFMI). 

ACI FMA says yes to ethics

ACI – Financial Markets Association, the global trade association representing more than 13,000 wholesale financial markets professionals, says it has launched its updated Model Code for 2015 alongside a new online learning portal, as it reiterates the need for enforcement of an international code of conduct to govern trader behaviour. 

 

Societe Generale Securities Services in Germany boost

Societe Generale Securities Services GmbH (SGSS GmbH) in Germany says it has enhanced its administration and accounting service offering for direct investments.

 

Russian CSD launches corporate action website

Russia's central securities depository, the National Settlement Depository (NSD), says it has launched a website dedicated to corporate action reform.

 

Americas Trading, SS&C in LatAm algo link

SS&C Technologies Holdings and Americas Trading Group (ATG) have teamed up to provide advanced algorithmic trading strategies to SS&C MarketTrader Order Management System (OMS) clients and FIXLink electronic trading community participants.

Growth in emerging markets to bottom out

Growth in emerging markets is set to bottom out in the second half of this year, according to analysis by Maarten-Jan Bakkum, senior emerging market strategist at ING Investment Management.

Clearstream appoints Raiffeisen Bank in Hungary

Clearstream has appointed Raiffeisen Bank International AG (RBI) as its new agent to operate the direct account of Clearstream with Hungary's CSD, KELER Ltd.

FCA Consults Firms On MiFID II Implementation

The Financial Conduct Authority (FCA) is seeking early views from firms, trade bodies and consumer groups on how it might implement certain aspects of the recast Markets in Financial Instruments Directive, known as MiFID II.

Northern Trust elevates David Burnett

David Burnett has been named as head of Northern Trust's Hedge Fund Services in Europe, Middle East and Africa (EMEA).

UBS Fund Services turns to Investran Insight

UBS Fund Services has implemented SunGard's Investran Insight to provide investment managers and investors with interactive reporting, advanced analytics, and data visualisation across its private equity value chain. 

Mexico’s Actinver leverages SunGard technology

Actinver, one of Mexico’s largest financial institutions, has launched a derivatives trading and clearing business utilising SunGard's Valdi Order Management System (OMS) and Stream Post-Trade real-time, back-office processing system for listed and cleared OTC derivatives. 

 

The key role of liquidity

The key role of liquidity

Bullet points: Sourcing liquidity takes center stage as confidence in equity inflows returns, according to global survey of buy-side traders. Conflicts of interest are among the top concerns for institutional investors. Trading venue consolidation is seen as inevitable; confidence in regulators globally remains low.

 

EMIR: call for greater transparency

Clarus Financial Technology, which provides content, data and analytics for derivatives markets, is pushing for greater debate around the format and extent of data made public on reporting under EMIR. 

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