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The Depository Trust & Clearing Corporation (DTCC) has teamed up with six banks to launch Clarient Entity Hub, which is designed to provide increased controls, standardisation and transparency during the client on-boarding process and ongoing client lifecycle events.
Clarient Entity Hub is owned and operated by Clarient Global, a new DTCC company founded with BNY Mellon, Barclays, Credit Suisse, Goldman Sachs, JPMorgan Chase and State Street.
DTCC’s Matthew Stauffer will serve as the company’s CEO. The founder banks and DTCC have collaborated in the design and development of the utility.
Clarient Entity Hub will enable industry participants worldwide
- 30/07/2014
Cordium, a provider of compliance consulting, accounting, tax and software to the financial services industry, has partnered with IP Sentinel, a provider of IT solutions, cybersecurity, monitoring and audit services to regulated entities. 


Cordium and IP Sentinel have entered into this partnership due to the increased demand from clients for advice on safeguarding their infrastructure and the identification of cost-effective solutions for technology issues.
Much of the infrastructure underlying a firm’s ability to comply with financial regulation, such as the maintenance of records and the proper execution of trades, is now technology dependent.
The SEC has put
- 30/07/2014
- 30/07/2014
Chi-X Japan, a wholly owned subsidiary of alternative market operator Chi-X Global, has added two local brokers, Yamawa Securities and Ark Securities, as trading participants.
This brings the total number of trading participants to 23.
Yamawa and Ark will access Chi-X Japan’s market centre through Intertrade’s platform.
Nagahori, chief operating officer of Chi-X Japan, says: “We are pleased to announce that Yamawa Securities and Ark Securities have commenced trading on Chi-X Japan. Since the launch, our strategy has been to provide investors with better prices and price improvement opportunities. Today’s announcement reflects the industry’s demand to lower the
- 30/07/2014
Gottex Fund Management has received FINMA approval for its merger with EIM Group.
The merger is expected to complete during August.
The combined firm has USD8.5 billion in fee earning assets and will be one of the leading independent global alternative asset managers.
The merged company will focus on providing alternative investment solutions, multi-asset and Asian focused products to institutional investors, family offices and retail channels.
- 30/07/2014
- 30/07/2014
Moody’s outlines six things to watch for in the wake of new US money fund rules…
1. Will money fund managers alter their investment strategies?
Yes. VNAV pricing will help keep sponsors on the straight and narrow. Watch for more conservative and more liquid investments. The change to a variable share price will drive MMF managers to more conservative investment decisions.
2. Who will actually use gates and fees?
Probably no one, absent extreme conditions. Institutional investors in prime and municipal funds are sure to be wary of redemption gates and liquidity fees.
3. Will tax treatment change
- 30/07/2014
The US Commodity Futures Trading Commission (CFTC) has filed and settled charges against JP Morgan Securities (JPMS), a futures commission merchant (FCM), for submitting inaccurate reports relating to the positions held by large traders whose accounts are carried by JPMS.
The reporting violations occurred despite the CFTC notifying JPMS of numerous errors in its reports. The CFTC order requires JPMS to pay a USD650,000 civil monetary penalty to address its unlawful conduct.
The reports are known as the “large trader” reports and are used by the CFTC in order to evaluate potential market risks and monitor compliance with CFTC
- 30/07/2014
Equity-market risk declined broadly in the second quarter, falling by some measures to levels not seen in more than 30 years, according to the latest edition of Axioma Insight: Quarterly Risk Review.
“Risk is on holiday,” says Melissa Brown, senior director of applied research at Axioma, citing the analysis of Axioma’s fundamental and statistical risk models covering global, regional and single-country equity markets. “Predicted volatility was down across the board compared with the first quarter, and down substantially in many cases from the second quarter a year ago.”
Given the low levels to which risk has dropped, and the
- 30/07/2014
SEC trading rules may be providing dark venues a regulatory advantage over traditional stock exchanges, according to research by The Capital Markets Cooperative Research Centre (CMCRC).
Soon to be published in The Journal of Financial Economics, the paper says that dark pools, by allowing some traders to circumvent time priority, create a queue-jumping advantage that has facilitated their rapid growth at the expense of lit venues.
Author Amy Kwan, CMCRC PhD, says the paper raises concerns that policy settings in the US are inadvertently supporting dark trading over lit. Limit orders submitted to dark venues can execute ahead of
- 29/07/2014
Endowments and foundations are still bullish on hedge fund strategies, with 65 per cent of respondents noting hedge fund exposure greater than 10 per cent of their total portfolio, according to the Q2 2014 NEPC Poll.
The poll is designed to measure endowment and foundation confidence and sentiment related to the economy, investing and market performance.
When asked how they consider hedge funds within their investment programmes, results were almost split evenly, with 53 per cent saying, “a separate investment class,” and 47 per cent noting, “an investment vehicle used to gain exposure within an asset class.”
“This
- 29/07/2014
SuMi TRUST Global Asset Services (GAS) has been supporting UCITS funds from its Dublin operation since 1995 and non-UCITS funds since 1990. With the growth of alternative UCITS in full swing, the firm is already extending its support to alternative managers beyond its existing (long only) UCITS platform.
According to Guy Mettrick (pictured), Head of Regulated Fund Sales Europe at SuMi TRUST GAS, the firm is currently in discussions with a number of partners to launch joint venture alternative UCITS platforms both in Ireland and the UK.
“In Ireland we have a ready made umbrella structure – trustee, management
- 29/07/2014
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