Solutions
Seward & Kissel has launched Seward & Kissel Regulatory Compliance, a new suite of services that provides comprehensive and cost-efficient assistance to asset managers in the onerous task of complying with regulatory obligations.
Seward & Kissel Regulatory Compliance, or SKRC, offers full-scale regulatory compliance consulting solutions provided by the Firm’s attorneys on a flexible basis. SKRC’s services include registration, preparation of policies and procedures, and continued day-to-day advice and assistance with compliance.
In addition, SKRC conducts mock audits designed to prepare clients for regulatory examinations. In its mock audits, Seward & Kissel attorneys perform analysis of policies, procedures, and
South African market participants can now enjoy unprecedented automation and straight-through processing by leveraging newly available, integrated cloud-based technology to exchange tri-party SWIFT1 messaging for collateral instructions, settlement and confirmations.
CloudMargin, the multi-award winning creator of the world’s first web-based collateral and margin management solution, and Strate, the South African Central Securities Depository (CSD) and South Africa’s first Tri-Party Collateral Management Agent, today announced that they have just integrated their platforms. The move makes tri-party messaging and collateral optimisation more accessible for both buy- and sell-side participants in the country.
The agreement enables clients to efficiently and seamlessly use
London-based startup Hedgd has launched its Hedgd OMS (Order Management System) that enables investment managers to take control of data, costs and productivity.
Provided in, and built for, the cloud as a software-as-a-service (SaaS) solution, Hedgd provides enterprise-grade software to investment firms who previously would not access it due to total cost of ownership barriers.
With Hedgd OMS, firms can enjoy full visibility over transactions throughout the trade lifecycle without the need for expensive infrastructure, as the system is all cloud-based with Azure. The OMS operates in a collaborative workflow “chat app” format that will be familiar to many
The Irish Stock Exchange (ISE) has gone live with Deutsche Börse’s new T7 trading platform for the Irish equity market. This new platform further enhances the performance and capacity of the ISE’s equity market offering.
T7 delivers synergies, which make it even easier and reduces cost for international trading firms to connect and trade equities on the ISE, due to lower development and maintenance costs for firms, which are active on T7 across multiple markets. The new system also reduces latency even further for all trading members.
Brian Healy (pictured), Director, Traded Markets, Development, Operations at the ISE, says:
By George Ralph (pictured), RFA – The aptly named WannaCry cryptoworm, is working its way around the world, encrypting data and demanding ransom payments in the cryptocurrency, bitcoin.
The attack was global in scale, and brought parts of the NHS to a standstill, along with Telefonica in Spain, FedEx, Deutsche Bahn and LATAM Airlines, to name a few.
For financial services firms, WannaCry is a wakeup call, because although the sector seems to have escaped relatively unscathed, so far, the next attack is just around the corner, and:
1) WannaCry has all the signs of an amateur attack.
The London Metal Exchange (LME) gold and silver contracts saw volumes surge in their first week of trading. LME Gold traded a total of 25,590 lots (2.6 million ozt / 79.6 tonnes) while 2,556 lots (12.8 million ozt / 397.5 tonnes) of LME Silver were transacted.
LME Gold and Silver open interest also reached 9,380 lots and 2,253 lots respectively.
Liquid spot order books for both contracts were available from launch with bid/offer spreads as tight as USD 0.20 for gold and USD 0.01 for silver, and carries quoted in depth out to five years forward. The provision of
Intercontinental Exchange ICE Benchmark Administration (IBA) has been chosen as the new administrator of the London Bullion Market Association (LBMA Silver Price). IBA expects to assume responsibility for the LBMA Silver Price in Autumn 2017.
“We are pleased to become the administrator for the LBMA Silver Price,” says Finbarr Hutcheson (pictured), President, IBA. “The decision by the LBMA membership reflects our commitment and investment in making the LBMA Gold Price IOSCO compliant over the last two years. Our centrally cleared model has already enabled broader participation and we continue to expand the Gold auction. We anticipate this will support expanded
By George Ralph (pictured), RFA – Cyber security has never been as important as it is today. The Cyber Security Breaches Survey 2017, published recently by the Department for Culture, Media and Sport and undertaken by Ipsos Mori highlights some statistics that should make even the most jaded CIOs sit up and take notice.
Of the 1500+ businesses surveyed, 74 per cent say cyber security is a very high priority for their senior management, and 67 per cent have spent money on cyber security in some shape or form in the past year. For medium sized businesses, the number of organisations
Attend almost any financial industry event today and the chances are a panel discussion will refer to blockchain and the transformation opportunities it could afford the industry. It has become a buzzword, a term that one has to pretend to understand and nod sagely whenever it comes up in conversation. If you don’t understand blockchain, you’re not in the club, cast aside as a technological Luddite.
In short, blockchain is a shared digital, immutable ledger that records events or transactions within a fully distributed or peer-to-peer network, whether public or private, and verifies them across the number of participants operating
Research from recruitment specialist, Robert Half Financial Services, has revealed that 52 per cent of financial services leaders have implemented blockchain due to the ability to facilitate transactions combined with the speed and cost benefits.
Nearly a third (30 per cent) are planning to invest in blockchain in the future and 14 per cent admit they should be considering investment despite having no plans for it at the moment.
As the appetite for blockchain grows, so is the demand for people with the right skills to maximise the technology. Organisations are seeking out financial services professionals with a deep understanding of the
