The life of the Chief Compliance Officer is not getting any easier with respect to the many regulatory and compliance demands placed on today’s alternative fund management community. Dealing with diverse issues ranging from tax compliance (in the form of
The Colt PrizmNet, a financial extranet offering deterministic low latencies for delivering data, software, content and financial services worldwide, now connects three out of the five leading brokers in US electronic equity trading. Colt PrizmNet provides connectivity to all major
RIXML.org has created an Interactions Working Group that brings buy-side, sell-side and vendor firms together to create an open standard for capturing the inter-firm interactions required under the second Markets in Financial Instruments Directive (MiFID II). This new open standard
State Street Corporation has agreed to participate in a pilot programme to test DTCC-Euroclear GlobalCollateral’s Margin Settlement Messaging Service. Powered by Margin Transit Utility (MTU) technology, GlobalCollateral’s Margin Settlement Messaging Service has been developed to provide straight-through-processing for the settlement
Koger has enhanced its Kure software with new functionality focused specifically on the management of risk-based compliance, in direct response to increased due diligence and anti-money laundering (AML) and know your client (KYC) procedures around the world. Kure is a
A UK-based investment adviser and its Chief Investment Officer (CIO) have agreed to pay more than USD2.5 million to settle charges that they breached their fiduciary duties by operating two private funds in a manner inconsistent with their prior disclosures
The US CFTC has charged former CBOE member Alvin Guy Wilkinson and his limited partnerships Chicago Index Partners (CIP) and Wilkinson Financial Opportunity Fund (WFOF) with fraud and acting as unregistered Commodity Pool Operators. The CFTC Complaint also charges Wilkinson with providing false statements
Eighty-nine per cent of asset managers, brokers and banks believe that regulations are increasing costs, and most believe that compliance spend could more than double in five years, according to a survey from professional services firm Duff & Phelps. The
ENSO is expanding the ENSO Broker Vote tool to include MiFID II research consumption, powered by RSRCHXchange, the MiFID II compliant marketplace for institutional research. The expanded tool will provide buy-side institutions with evidence-based evaluation of research providers and budget
Ullink has launched a fully automated post-trade data management solution called UL PUBLISHER, enabling market participants to report transaction data to relevant regulatory authorities, meet upcoming MiFID 2 regulation and create a centralised view of post-trade data across multiple asset
