Velocity Trade, an equity, foreign exchange and precious metals broker dealer, has opened a new office in Johannesburg. “Our Cape Town office was established in early 2011 and has grown substantially over the last 6 years in line with
Alternative asset management firm Black Diamond Capital Management has appointed Todd Arden as Senior Managing Director and Co-Chief Credit Officer. Arden will have responsibility for co-managing Black Diamond's underwriting processes and credit exposures and will also source stressed and distressed
The US Commodity Futures Trading Commission (CFTC) has signed a Memorandum of Understanding (MOU) with the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and Deutsche Bundesbank (Bundesbank, The MOU is in relation to the cooperation and the exchange of information in the supervision
A new survey by RSRCHXchange shows a significant slippage in terms of timing for MiFID II compliance, with the vast majority of asset managers leaving this until Q4 or later, despite the regulations coming onto effect in January 2018. In
Melqart Asset Management, a London-based alternative investment management firm, has implemented Watson Wheatley’s iRecs reconciliation solution. Specialists in securities reconciliation, Watson Wheatley have used their own in-house implementation team to interface with Bloomberg AIM and external data sources to provide
Senior executives at financial services firms are concerned that regulation in the sector is not promoting stability, according to the 2016 Global Regulatory Outlook published by Duff & Phelps. A majority of 193 C-Suite and senior level staff polled by
OpenFin has appointed Paul Walker (pictured), former co-head of Technology for Goldman Sachs, to the firm’s Board of Directors. The newest board member joins six other financial industry leaders in helping to provide guidance and insight to a pioneering company
FINCAD, a provider of valuation and risk analytics for multi-asset, multi-currency portfolios, has added several key enhancements to F3, its object-oriented valuation and risk platform. These enhancements benefit buy-side firms searching for alpha in a low-yield environment and pursuing multi-asset,
Charles River Development has certified Luminex Trading & Analytics as a sweep partner for the Charles River Investment Management Solution (Charles River IMS). The integrated offering enables the firms’ mutual clients to improve access to liquidity while reducing trading costs
Franklin Square Capital Partners, a manager of business development companies (BDCs), has unveiled an new structure for non-traded alternative investments that reduces fees and seeks to align the interests of investors, advisors, regulators and sponsors. The firm recently announced that
