SteelEye, a compliance technology and data analytics firm, has launched a new ‘MiFID II Eligibility as a Service’ tool. MiFID II brings many challenges to buy and sell-side firms, including the requirement to report trades to the regulator on a
GlobeOp Managed Services will partner with business communications provider Intermedia to offer Outlook 2010 desktop functionality through Microsoft Exchange as a hosted service. The enhanced private cloud service enables GlobeOp to offer clients the benefits of full collaboration functions of
Outsourcing the trading function has become an important trend within the hedge fund industry as managers, both large and small, look to generate marginal gains by reducing the cost of operations. A report by Greenwich Associates in December 2018 found
LCH.Clearnet Group will extend its clearing business for OTC interest rate instruments to Australian banks. LCH.Clearnet will apply for an Australian clearing and settlement facility licence that would enable it to offer its SwapClear OTC interest rate swap clearing to
Linedata has released a new version of Icon, its fund accounting and administration platform. This latest version delivers more efficient business processing and workflows, including pro-active exception handling and extended instrument coverage. Linedata Icon manages, either on a hosted
Itarle, a provider of high-performance best execution services to banks, is colocating within CME’s group data centre in Aurora, Illinois and hiring staff in New York. The moves will complete its global data centre presence and, the company says, deliver
Liquidnet, the institutional investment community that enables secure and anonymous block trading of equities, is expanding its trading operations to include New Zealand listed securities. Liquidnet will commence trading of New Zealand equities on 22 June 2010. It is believed
How are hedge funds changing their research methods in the wake of MiFID II? Joe McGrath investigates… The introduction of the second Markets in Financial Instruments Directive (MiFID II) in January 2018 heralded fundamental changes in the market, specifically when
BNY Mellon has been appointed to provide tri-party collateral management services for CME Clearing Europe, the European multi asset class clearing house. Services will be provided through MarginEdge, BNY Mellon’s derivatives margin management service for listed, OTC and bi-lateral OTC
BrokerTec, ICAP’s global electronic fixed income trading platform, and MTS, a fixed income electronic trading venue that is majority-owned by London Stock Exchange Group, have launched the RepoFunds Rate daily repo index for eurozone sovereign bonds. RepoFunds Rate, the first
