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Itiviti, a technology and service provider for the capital markets industry, has appointed Linda Middleditch as Chief Product Officer.
An experienced strategy and change management specialist, Middleditch joins Itiviti from Bloomberg LP, where she most recently was Global Head of SSEOMS Product Management. She has previously held senior product development positions with top-tier investment banks, including Citi and Morgan Stanley.
Reporting to CEO Rob Mackay, Middleditch will become a member of Itiviti’s executive management team. Her role includes defining the product department’s vision and overseeing every element of the product strategy and execution, including design, development and marketing. She will
Pico, an infrastructure, connectivity, cloud technology, data and analytics services provider to the financial services industry, has launched its global connectivity ring, expanding the PicoNet backbone to the major financial data centres in North America, Europe and Asia.
PicoNet is Pico’s private, proprietary network provides low-latency connectivity to hundreds of liquidity sources, information providers and counterparties.
“Our state-of-the-art global ring is the first of its kind to combine carrier-grade connectivity with the cost-effective scale and resiliency our clients require,” says Roland Hamann (pictured), Managing Director at Pico. “Now, every client has direct access to global markets including our high-quality market
Broadridge Financial Solutions has appointed Samir Pandiri as President of Broadridge International. Based in London, Pandiri will be responsible for Broadridge’s Post-Trade Technology, Global Proxy, and Asset Management Data and Technology businesses outside of North America with a special focus on Europe and Asia.
Most recently, Pandiri was Global CEO of BNY’s Asset Servicing Division and a member of BNY Mellon’s senior leadership team. Prior to that, he was CEO of BNY’s Shareowner Services Division where he was responsible for the successful turnaround and sale of the equity administration services business. Previously, he was responsible for the international corporate trust
By Lisa Shea, Manager, Fund Governance Solutions – While some may have dragged mutual funds out to the cart to be hauled away, they remain a sizeable and still growing presence in our industry. Exchange Traded Funds (ETFs) are also growing, but it’s important to look at the full picture. As of 31 March, 2019, the Investment Company Institute (ICI) reports that there are more than USD19 trillion in assets in open end mutual funds, compared to USD3.77 trillion in ETFs, with AUM growing for both categories.
Furthermore, the ICI’s 2019 Investment Company Fact Book notes that there were more than
Trading technology specialist Neueda has made its Front Office SDK open source and freely available for use. Front Office aims to helps help investment institutions and trading firms connect to all of the European equity markets.
A dedicated slack community has also been created to allow those within the industry to communicate and exchange ideas with Neueda’s Front Office SDK creators.
Colin Pattison, MD Capital Markets at Neueda, explains: “Front Office SDK is a suite of modules and connectors that can be used to connect applications to the European equity markets, and facilitate the development of electronic trading applications. It
Eventus Systems, a global trade surveillance and market risk platform provider, is to provide its futures market surveillance technology to INTL FCStone.
INTL FCStone recently announced several expansion initiatives and deployed the cloud implementation of the Validus platform, replacing its current outsourced system and bringing new capabilities and cost efficiencies to its business.
Eventus now provides trade surveillance and financial risk management to more than 20 per cent of registered US futures commission merchants (FCMs). Also deploying the Validus platform are a growing list of exchanges and firms participating in a wide range of global asset classes, including equities, options,
CloudMargin’s board of directors has appointed Stuart Connolly as CEO. Connolly, most recently Group CEO of TriOptima and a former Managing Director at Goldman Sachs, replaces Steve Husk, who played an active part in the Board selection of the new chief executive.
Connolly begins his new role with immediate effect.
Mark Beeston, Managing Partner and Founder of Illuminate Financial Management, and Chairman of CloudMargin, says: “Our entire Board is excited to welcome Stuart Connolly as the CEO who will lead CloudMargin in the next phase of its growth. Stuart is a well-known, respected industry figure who has been a key
An overwhelming majority (94 per cent) of UK-based financial services industry decision-makers believe that Artificial Intelligence (AI) has the most potential to revolutionise the sector over the next five years, considerably ahead of blockchain (53 per cent) and the Internet of Things (24 per cent).
Intertrust, a provider of administrative services to clients operating and investing in the international business environment, surveyed UK-based executives covering the asset management, capital markets and private wealth sectors to identify the value-add delivered by new technologies now and in the future.
Some 83 per cent of respondents believe that operations roles are the most
Eagle Alpha has launched a new partnership with Lowenstein Sandler to meet the legal and compliance challenges associated with the on-boarding and use of alternative data in the hedge fund space.
“Reputation is paramount to our clients. Keeping abreast of the legal and compliance considerations regarding alternative data is becoming increasingly important, but also challenging,” says Emmett Kilduff (pictured), Founder & CEO of Eagle Alpha. “Eagle Alpha is pleased to announce today that we have partnered with a leading legal investment management practice to respond to these legal and compliance challenges,”
Eagle Alpha’s Data Strategy solution includes Category Workshops, Case
Charles Cutshall has been named Chief Privacy Officer of the Commodity Futures Trading Commission (CFTC).
Cutshall is responsible for providing policy and programmatic oversight of the CFTC’s privacy compliance activities and for managing privacy risks associated with the collection, maintenance, and use of personally identifiable information.
“I am happy to welcome Charles to the CFTC. His expertise and skill set are great assets to CFTC and will complement and strengthen CFTC’s privacy program and enable us to address the challenges from an evolving privacy landscape and to continue to maintain the public’s trust,” says CFTC Executive Director Anthony Thompson.
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