Solutions
By Eze Castle Integration – Keeping up with the myriad of cyber security requirements expected of today’s financial firms is a daunting – and sometimes unachievable – task. This list continues to grow in size and scope, and remembering how often to perform tests or when to change passwords is a growing challenge for CTOs and business execs responsible for technology.
To assist in guiding your firm with its cyber plan implementation, we’ve outlined a basic calendar of security reminders to help you stay on track. Listed in order of frequency, here’s how often you should plan to take these
Global advisory and fund administration fund Maitland is to acquire Guernsey-based Designated Manager, R&H Fund Services (Guernsey) Limited.
Other Rawlinson & Hunter businesses in the Channel Islands, including R&H Trust Co (Guernsey) Limited, Rawlinson & Hunter Limited and R&H’s Jersey businesses, have an entirely separate ownership structure and do not form part of the transaction.
Maitland, named Best Multi-Family Office and Best Wealth Planning Team at the Wealth Adviser Awards 2017, will offer its full range of Institutional Client Services through the Guernsey office, including long-only fund administration, transfer agency, hedge funds, private equity and real estate administration services
Euronext has signed binding terms with LCH SA, LCH Group and London Stock Exchange Group for the continued provision of clearing services for its derivatives products for a period of 10 years.
Euronext and LCH SA will work together to develop new products for the benefit of clearing members and market participants.
As part of the agreement, Euronext will swap its current 2.3 per cent stake in LCH Group for an 11.1 per cent stake in LCH SA, subject to regulatory approvals and other customary conditions. LCH SA is a leading multi-asset CCP, based in the Eurozone, with substantial
The US CFTC has issued an Order filing and settling charges against The Bank of Tokyo-Mitsubishi UFJ (BTMU) for engaging in spoofing a variety of futures contracts on the Chicago Mercantile Exchange and the Chicago Board of Trade.
This included futures contracts based on United States treasury notes and Eurodollars.
The Order finds that BTMU engaged in this activity through one of its employees (Trader A), who accessed these markets through a trading platform from one of BTMU’s Tokyo offices. The Order requires BTMU to pay a USD600,000 civil monetary penalty and to cease and desist from violating the
NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, has enhanced its existing messaging services to help clients prepare for the 3 January 2018 MiFID II go-live.
NEX Optimisation has extended Traiana’s Harmony messaging network to enable participants to exchange additional information to assist with meeting a number of regulatory obligations under MiFID II. This includes support for data elements associated with transparency, transaction reporting, venue execution, instrument and entity identifiers, timestamps, OTC post-trade indicators and unbundling of research and execution fees.
The enhancements follow a comprehensive review of the regulation in consultation with
Wall Street Access Corp has acquired a majority interest in RJL Capital Group (RJL), a New York-based provider of prime brokerage and trading services. Terms of the private transaction have not been disclosed.
RJL provides a suite of integrated prime brokerage clearance, execution, and reporting services supported by proprietary technologies and an experienced support staff. RJL customers benefit by being introduced on a fully-disclosed basis to multiple prime broker custodians, allowing investment managers to diversify custodial risk while enjoying the operational ease of a single trading solution, service team and reporting system.
“We’re very excited to welcome the RJL
The ID Register, an online platform which makes the Know Your Client (KYC) process quicker, easier and more cost effective, passed its first birthday on 22 July.
Since its launch the platform has grown rapidly with more than 17,500 registered investors and 140 GPs including StepStone, Gilde, Adam Street Partners and TDR Capital. It is a revolution for the investor onboarding process in the private funds market and it is proving very popular in the US market.
Backed by leading fund administrator, Ipes, The ID Register was developed in response to the changing regulatory requirements for KYC. The UK
Tradeweb has submitted an application with the Dutch Authority for the Financial Markets (AFM) to establish a fully regulated entity within the EU.
Tradeweb is focused on providing market participants with uninterrupted access to liquidity, services and choice once Brexit becomes a reality.
Tradeweb’s new office will serve as the electronic trading hub for the firm’s EU-based clients, benefitting from Amsterdam’s regulatory environment and infrastructure.
“Tradeweb’s imperative has always been to provide our global client base with access to liquidity across a range of products. Post-Brexit, for many investors, uninterrupted access to that liquidity requires an independent and
Financial technology company S3 Partners (S3) has added its Black App to the Thomson Reuters Eikon App Studio.
The app delivers real-time short interest, market- standard borrow and loan rates, and predictive analytics that identify trading and portfolio- finance opportunities on 28,000+ public equities, indices and ETFs globally.
“Collaboration over our open platform is a key component to delivering a world-class trading solution on Eikon,” says Michael Chin (pictured), co-head of Trading, Thomson Reuters. “By adding S3’s Black App, Eikon buy-side clients have an incredibly powerful analytical tool to leverage in their trading decisions.”
“S3 Partners is focused
Jibrel Network, a protocol with built-in regulatory compliance allowing anyone to put traditional assets like currencies, bonds and other financial instruments on the blockchain, has launched a platform that will enable licensed entities to sell tokenised, compliant securities.
Jibrel, which is about to close USD3 million in private investment from individuals within government and financial institutions, has been working on its next generation smart contract platform since mid-2016.
The regulatory-compliant platform is designed to be on-chain, meaning that all transactions will be written to the Ethereum blockchain. Tokens issued on the Jibrel Platform will be embedded with real-world rules
