Latest News
Confluence, a specialist in investment data management automation for regulatory, financial and investor reporting, has added CPO-PQR reporting capabilities to its Unity NXT Regulatory Reporting platform.
Form CPO-PQR requires that registered commodity pool operators file specific information about their firm and the pools that it operates with regulators on a quarterly basis. Confluence’s new Form CPO-PQR solution supports reporting to both the CFTC and the NFA on a wide range of required data, including investment strategy, asset classes, risk metrics, collateral, counterparty credit exposure, and the use and levels of leverage, among many other aspects of their operations.
Unity
Dash Financial Technologies, a capital markets technology and execution provider, has appointed Scott Patrick as Chief Financial Officer. Reporting directly to CEO Peter Maragos, Patrick will be responsible for leading financial operations and strategic planning for the firm.
Patrick (pictured), brings 25 years of experience in financial services and financial technology from his previous roles as an investment banker, an equity research analyst, and a strategic communications advisor. He joins Dash from Brunswick Group, where he served as a Partner, specialising in M&A transactions, IPOs and investor relations matters. Prior to Brunswick, Patrick was a Managing Director in the Financial
Transaction Network Services (TNS) has acquired Chicago-based market data, connectivity and hosting specialist R2G Services.
With this acquisition, TNS is now a unique full-service managed infrastructure provider that can meet the demanding needs of financial market participants through a single supplier relationship.
Founded in 2010, R2G has designed and built an industry leading market data and managed hosting platform. Acquiring R2G strengthens TNS’ portfolio of these services as well as enables the R2G solutions to be offered worldwide.
Mike Keegan, TNS’ Chief Executive Officer, says: “This acquisition is extremely exciting as it will benefit all of our combined
Due to high demand, the Investment Management Due Diligence Association (IMDDA), an investor-based organisation dedicated to professionals who investigate facts concerning investment programs, has extended the global testing period for its first Chartered Due Diligence Analyst (CDDA) test to 31 March 2019.
The IMDDA also announced the opening of registration for the preparatory course for those planning to pursue the new CDDA exam.
Announced in November 2018, the CDDA is an internationally recognised designation developed to ISO 17024 and ANSI accreditation standards that rigorously tests for aptitude and expertise in due diligence. Each person who passes the exam becomes
International law firm Dorsey & Whitney has appointed Helena Nathanson and Paul Regan as partners in the firm’s Finance & Restructuring Group in London.
Nathanson and Regan are experienced advisers to corporate trustee houses. Their expertise includes the full range of capital markets and finance transactions, including high yield bonds, exchange traded products, asset backed commercial paper programmes and securitisations. In addition to new financings, the pair also advise on all post-issuance matters ranging from exercises of discretion to defaults and schemes of arrangement. Nathanson has been active in the City for over 15 years and is well known to major corporate
BTIG has hired Steven Stich within its Prime Brokerage division. Stich will be based in the firm’s Dallas, Texas office and report into Matthew Partain, Managing Director and Head of Prime Brokerage Sales.
In his new role, Stich will lead BTIG’s Prime Brokerage sales efforts across Texas and the Midwestern region of the US.
“We are excited about Steve joining our team, and look forward to his contributions,” says Justin Press, Managing Director and Co-Head of BTIG Prime Brokerage. “Texas and the Midwest are strategically important markets for BTIG, and we believe that Steve will help us expand our
Luxembourg has once again ranked among the top three EU financial centres in 2018, having granted 80 new licences for banks, management companies, alternative asset managers, insurers and investment firms.
This number includes several financial institutions to have publicly announced their decision to relocate some activities because of Brexit.
To date, the Brexit relocation plans of 47 financial institutions involving Luxembourg have been made public. Half of these are asset managers and the other half are a mix of banks, insurers and payment service providers. Meanwhile, a number of firms have chosen to expand their existing Luxembourg operations
Guernsey is aiming to take a leading role in drafting new laws to offer certainty in the use of ‘Electronic Agents’ in transactions and contract matters, and to create a smart, secure environment for the exploitation of technology for specialist financial services.
The lodging of the Electronic Transactions (Electronic Agents) (Guernsey), 2019, Ordinance this week offers greater certainty as the use of artificial intelligence and distributed ledger technology grows. It will boost confidence and enable adopters of technology solutions to use Guernsey.
The new law will allow the formation of a contract through the interaction of electronic agents, on the
Hedge fund advisory firm Dynamic Beta investments (DBi), a specialist in the liquid alternatives market, has expanded its management team with the appointment of former AQR Global Head of Execution Douglas Cilento as Chief Operating Officer.
Cilento (pictured) joins DBi with an extensive 18-year track record. At AQR, he managed the Trading team responsible for execution and strategy implementation across global markets in all liquid asset classes. His team focused on building automated trading strategies to deliver low-impact trade implementation, operational efficiency and risk reduction, and best-in-class execution.
Prior to AQR, Cilento was the head of electronic FX trading
ABN AMRO, Banco Santander, Bank of America Merrill Lynch, Barclays, Goldman Sachs, ING and three other financial institutions have joined IHS Markit’s technology design team for Securities Financing Transaction Regulation (SFTR) reporting.
“With significant engagement from more than 40 industry leaders, we are confident that we are developing a comprehensive, universal SFTR reporting solution that will streamline compliance requirements for the full range of firms active in the securities lending, repo and prime brokerage markets,” says Pierre Khemdoudi (pictured), managing director and global co-head of equities, data and analytics at IHS Markit.
SFTR was enacted by the European Parliament
Special Reports
FeatureD
- Insight
