Latest News
BI-SAM has appointed Jonathan Schapiro as global head of cloud solutions.
In this role, Schapiro will be responsible for further developing and strengthening BI-SAM's private cloud service offering, which delivers performance and reporting tools to the global investment management industry.
The service is designed to meet market participants' demands for cloud-based capabilities that can provide the availability, flexibility and security they need in today's operating environment.
Schapiro will be a member of BI-SAM's executive management committee and will report to Jim Trotter, managing director performance & reporting services.
Schapiro joins BI-SAM from Fidelity Investments. During his 20-year
Fund governance firm DMS Offshore Investment Services has expanded its FATCA task force with the addition of Alaina Danley, formerly director of finance at Bain Capital, and Jennifer Dimitri, formerly director of investment compliance at the University of North Carolina endowment system.
Now comprising seven members, the DMS FATCA Task Force is led by Peter Stafford, formerly a senior partner with Appleby.
It brings together experts in compliance, law, accounting, finance and technology, to develop best practices for responding to the Foreign Account Tax Compliance Act (FATCA), a sweeping piece of legislation through which the United States aims to
Dexia Asset Management has launched a new brand identity following its acquisition by New York Life Investments on 3 February 2014.
The company will now be known as Candriam.
Naïm Abou-Jaoudé (pictured), CEO of Candriam and vice chairman of New York Life Investment Management International, says: "Our new name Candriam is the acronym of our core company values: “Conviction and Responsibility in Asset Management. These two values drive everything we do. They are the roots of our expertise, our innovative ideas and a great discipline in our investment processes. Clear convictions empower our teams to strive for excellence. Coupled
LME Clear launched its new trade reporting service, LMEwire, in time to meet the 12 February reporting deadline set out by the European Market Infrastructure Regulation (EMIR).
The service, offered in partnership with the Depository Trust & Clearing Corporation’s (DTCC) trade repository, began reporting on schedule with uptake from 30 per cent of the LME clearing membership.
“The tight implementation deadline for trade reporting under EMIR was a concern for the industry, and ensuring members could comply with the new rules in an efficient and cost-effective manner was the key driver behind this new service,” says Trevor Spanner, CEO
Options has expanded its suite of market data feeds to include 10G connectivity to the new Eurex Enhanced Order Book Interface (EOBI) feed.
The new service, designed for latency sensitive market participants, will be available to customers collocated in Equinix FR2 and Europe.
This latest addition to the Options PIPE Velocity platform will mean unified access to EOBI, Eurex trading, as well as Xetra market data and trading services. Additionally, EOBI will further compliment the Options stable of future markets, including CME, LIFFE and ICE.
Customers leveraging Eurex EOBI will do so via the Options PIPE Velocity platform, the IaaS provider’s ultra-low latency market data,
Omgeo’s fixed income community has grown by more than 12 per cent during 2013.
Globally, 730 investment management, broker/dealer and outsourcer clients have adopted fixed income functionality on Omgeo Central Trade Manager (Omgeo CTM), its multi-asset class platform for the central matching of cross-border and domestic transactions.
Some 370 US clients have adopted Omgeo OASYSSM, its US domestic trade allocation and acceptance service, respectively.
The growth in Omgeo’s fixed income community, as well as macro-economic events such as quantitative easing in the US, has led to a 20 per cent year-on-year increase in fixed income volume on
Fund administrator Orangefield Columbus, a service provider to hedge funds, private equity funds, real estate funds, offshore mutual funds, family offices, funds of funds and hybrids, has seen record growth in 2013.
The company says its success has been fuelled by client service and delivery of global expertise in fund administration.
Orangefield Group employees over 450 staff members with substantial experience in financial services working with hedge funds, private equity and real estate funds, offshore mutual funds, family offices, fund of funds, hybrids, and other alternative investment funds.
In its first full year of operations following the merger,
Deutsche Börse has acquired a stake in Bondcube, the new fixed income trading system, for a low sum in the single digit millions (GBP).
Bondcube is a London and Boston based electronic bond platform which links dealers and customers in a single marketplace in order to boost the liquidity of the global bond markets.
The firm uses tried and tested trading protocols from other markets, such as equities, to optimise liquidity discovery.
Bondcube is ideal for large, market sensitive bond orders that have now reverted to execution via telephone.
“The perception of a lack of liquidity in
Black Mountain Systems has selected the Eze Private Cloud to deliver services to its clients, including global investment firms, which use Black Mountain Systems for data aggregation, process management and business reporting.
By delivering its Everest platform directly through the Eze Private Cloud, Black Mountain Systems gives its clients enterprise-grade services and applications in a flexible, secure environment.
Black Mountain Systems is a software company that develops tailored solutions for global investment firms seeking greater operating efficiency and reduced risk. The company’s Everest platform eliminates the boundaries between systems, information and people, so that clients can focus on the
Two Hong Kong-based asset management firms, whose accounts were frozen in a major insider trading case by the Securities and Exchange Commission (SEC), have agreed to pay nearly USD11m to settle the charges against them.
The SEC obtained an emergency asset freeze in July 2012 against unknown traders just days after the announcement that China-based CNOOC had agreed to acquire Canadian energy company Nexen, causing more than a 50 per cent spike in the price of Nexen shares.
The SEC filed the emergency action after discovering that traders using brokerage accounts in Hong Kong and Singapore stood to make
Special Reports
FeatureD
- Insight
