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Cordium, a provider of compliance consulting, accounting, tax and software to the financial services industry, has launched Pilot, its latest compliance software solution.
Pilot, a first of its kind cloud-based corporate workflow management tool, is designed to manage complex compliance and operational tasks from start to finish. Pilot was created to help compliance professionals manage their workload and keep track of the ever-changing and convoluted global regulatory environment existing today.
Pilot is centred around an interactive compliance calendar that allows firms to build and organize their day-to-day compliance and monitoring tasks into a scalable, dynamic environment where they
Pacific Fund Systems (PFS) has released a new version of its web portal, PFS-CONNECT, which now enables existing investors, their agents and employees to place fund transaction orders online.
The online order types supported are subscriptions, redemptions and switch transactions.
James Eldershaw, Director at PFS, says: “This new online fund order placement capability significantly enhances the already extensive functionality available to PFS-PAXUS users who also use our web portal. The ability for investors to be able to place orders online and for fund managers to approve these orders online leverages the entire concept of automation even further.”
The
Millennium Trust Company, a provider of alternative asset custody solutions to institutions, advisors and individuals, is now a recommended custodian for investors and offering groups using the Onevest Platform.
Onevest is a startup investing platform that gives accredited investors a first look and the opportunity to connect with dynamic, early-stage, tech-enabled startups. Onevest also builds core founding teams for high-growth startups by scientifically matching entrepreneurs, co-founders and advisors possessing complementary skills, shared goals, and personalities.
"Onevest seeks relationships with financial service providers including IRA custodians. We thought Millennium Trust would be the perfect addition to our platform," says Onevest's Co-Founder
Chicago-based RJ O'Brien & Associates (RJO) has appointed veteran institutional grains broker Richard Mayhew as Senior Vice President, Head of Grains & Oilseeds, EMEA.
With more than 35 years of experience in grains in both the physical and futures markets, Mayhew will build a team focused on all aspects of futures related to grains and serve commercial clients throughout the Europe, Middle East and Africa region.
David Mudie, Chief Executive Officer of RJO UK, says: "This is a strategic hire for RJO UK, enabling us to build on RJO's unparalleled institutional grain business in North America with our first dedicated
Alternative assets under administration (AUA) stood at USD6.862 trillion at the end of 2014, compared to USD5.873 trillion at the end of 2013, according to eVestment’s Alternative Fund Administrator Survey 2015.
For the report, eVestment surveyed administration firms serving hedge funds, funds of hedge funds, private equity funds, real estate funds and liquid alternatives funds.
Total private equity and real estate funds AUA saw a big jump, up 23.7% year-over-year for a total in 2014 of USD1.580 trillion. That likely represents less than half of the overall growth on a dollar basis in private equity and real estate assets as
CBOE Holdings is planning to launch options on the MSCI Emerging Markets and MSCI EAFE Indexes on Tuesday, 21 April. The ticker symbols will be MXEF and MXEA respectively.
Under an agreement with MSCI, announced in December 2014, options on the MSCI Indexes will be listed for trading in the US solely on the Chicago Board Options Exchange (CBOE). IMC Financial Markets will serve as the Electronic Designated Primary Market-Maker (E-DPM) for the new MSCI options contracts.
“Last year, nearly 100 million options traded industrywide on the popular EFA and EEM ETFs. CBOE’s ability to now also offer
The US Commodity Futures Trading Commission (CFTC) and the Australian Prudential Regulation Authority (APRA) have signed a Memorandum of Understanding (MOU) on the supervision of cross-border regulated firms.
The agreement, which was signed by CFTC chairman Tim Massad and his APRA counterpart Wayne Byres, will see the two organisations cooperate and exchange of information in the supervision and oversight of regulated firms that operate on a cross-border basis in the United States and in Australia.
Through the MOU, the CFTC and APRA are demonstrating willingness to cooperate in the interest of fulfilling their respective regulatory mandates. The scope of
State Street Corporation has appointed Alex Lawton to senior managing director and head of securities finance for State Street Global Markets in Europe, Middle-East & Africa (EMEA).
He will be responsible for developing the securities finance business across the region whilst helping State Street’s clients to navigate the evolving regulatory framework. Lawton will report to Rajen Shah, head of State Street Global Markets for EMEA and Lou Maiuri, global head of securities finance.
Lawton has nearly 20 years financial services experience. Prior to joining State Street, he was at Barclays where he was the head of equity finance and equity
Bondcube, the fixed Income trading platform, is now live in Europe and the US, offering full match, negotiation and trading functionality for all to all bond trading.
Bondcube takes indications of interest (IOIs) from both buy-side and sell-side participants. Buy-side to buy-side match anonymously and cross through an intermediary. Buy-side to sell-side trade on a fully disclosed identity basis. All participants can bulk upload their indications of interest, where they indicate a security, direction and minimum and maximum trading size, without the need for a specific price or spread. These IOIs remain anonymous and invisible on the platform, either on
Trustee Executors Limited (TEL), a New Zealand-based provider of third party administration for financial services, has selected SS&C's reporting solution, Pages.
SS&C will support reporting on TEL's 585,000 individual client accounts with more than $94 billion in assets.
TEL, a specialist in Trustee, Custodial, Investment Accounting, Unit Pricing and Registry services, will deploy Pages, SS&C's enterprise reporting and portal technology, to automate the production of communications, including quarterly investment reports, statements, and self-service reporting access for fund managers and super funds. Reporting cycles will require less manual intervention to complete, resulting in operational efficiencies and immediate access to data by
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