Solutions
Linedata has launched the latest version of Linedata Optima, a of business process management (BPM) tools designed specifically for fund accounting and administration.
BPM tools are operational performance enablers that allow fund administrators to design, monitor and execute end-to-end business processes for increased efficiency. With business operations becoming increasingly exception based and event-driven, intelligent operations require a more responsive approach. Linedata Optima elevates process optimisation by providing oversight, transparency and operational risk management capabilities within the back-office operations.
Following the successful development and roll-out of earlier modules (Event Monitor and Process Monitor), this release sees the inclusion of a
Pan-European private equity firm IK Investment Partners’ (IK) IK Small Cap I Fund is to acquire a minority stake in Third Bridge, a primary research provider. Financial terms of the transaction have not been disclosed.
Third Bridge provides its clients with insights into companies and markets through access to industry experts and market research. Serving a client base of over 300 customers, including private equity funds, consulting firms, hedge funds and corporates, Third Bridge has a global footprint, with six offices covering America, Asia and Europe. Since inception in 2007, the Company has doubled its turnover every two years, and
The final regulations of MiFID II announced today are likely to lose brokers business, analysts their jobs and also hit fund managers’ profits says Cleveland & Co Associates, the boutique legal advisory business.
Among the new regulations of MiFID II, which are due to come into effect in January 2018, is a requirement for investment banks to be more transparent about their costs. Banks and investment managers will be forced to disclose specific fees to their clients – such as fund and asset managers – for research. As it stands, banks include research costs into trading commissions that are charged
Bats Europe has reported June volume and highlights for Bats LIS, its new block trading platform powered by BIDS technology, which saw more than EUR2.0 billion in notional value traded during the month, setting a new monthly record.
Bats, which completed the roll-out of Bats LIS to buy-side firms less than four months ago, also reported that 85+ buy-side firms are now connected and utilising the platform. Additionally, more than a dozen sell-side firms are connected to Bats LIS. Bats expects the number of firms using Bats LIS to continue to grow given the interest in the service.
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Deutsche Boerse’s T7 trading technology is now live for Xetra trading on the Frankfurt Stock Exchange, putting both Xetra and Eurex derivatives trading on the same system.
Eurex Exchange, the European Energy Exchange (EEX) and the Bombay Stock Exchange (BSE) already are using T7 trading technology, while Vienna Stock Exchange and the Irish Stock Exchange will soon migrate their systems to T7. The new system reduces latency, meaning the time for order processing, even further.
Harmonising Xetra and Eurex trading technology also produces significant synergies and means lower development and maintenance costs for those participants who are active on
EEX Group has successfully reached an agreement with LCH Ltd (LCH) in London to novate, subject to member agreement, open positions in Dry Bulk Freight FFA and option contracts from LCH to its clearing house European Commodity Clearing (ECC) by the end of 2017.
Planning and technical preparation for the open interest transfer will begin immediately, ensuring that position holders electing to transfer to ECC from LCH experience a seamless transfer from one clearing house to another.
The agreement, which is subject to the necessary approvals from the EEX Supervisory Board, signifies a major development for the Dry Bulk
SteelEye, the compliance technology and data analytics firm, has appointed Matt Smith (pictured), a highly-experienced regulatory tech specialist, as its new Chief Executive Officer.
Smith’s appointment is aimed at helping drive the firm’s growth as it markets its secure and scalable data storage platform which incorporates best-in-class analytics. The SteelEye product has been designed to help financial firms meet their obligations under MiFID II, whilst also acquiring valuable insights into their businesses.
Smith brings over 18 years of technology and management expertise to SteelEye. He joins from Bloomberg where he was a senior product manager working on a range
The US CFTC has entered into non-prosecution agreements with the former Citigroup Global Markets traders – Jeremy Lao of New York, New York, Daniel Liao (of Minato-Ku, Japan, and Shlomo Salant of New York, New York.
In their non-prosecution agreements, Lao, Liao, and Salant each admits that he engaged in the unlawful disruptive trade practice of “spoofing” (bidding or offering with the intent to cancel the bid or offer before execution) in US Treasury futures markets while trading for Citigroup Global Markets Inc. (Citigroup) in 2011 and 2012. The non-prosecution agreements emphasize Lao’s, Liao’s, and Salant’s timely and substantial cooperation,
Shinhan Investment Corp. and Cathay Futures Corp have become Trading Members on Singapore Exchange’s (SGX) derivatives market.
Shinhan Investment is SGX’s first derivatives Trading Member from South Korea. Originally established in 1973, the Seoul-based securities brokerage and investment bank is a subsidiary of Shinhan Financial Group Co. Ltd.
Cathay Futures, a subsidiary of Cathay Financial Holding Co. Ltd., started its offshore derivatives business in 2015. SGX is the first exchange that the Taipei-based company has applied to for remote membership.
Michael Syn, Head of Derivatives at SGX, says: “We are pleased to welcome Shinhan Investment and Cathay Futures
IHS Markit has launched RPA Manager, a comprehensive service helping asset managers acquire investment research in compliance with MiFID II.
To reduce the potential for conflicts of interest, MiFID II requires asset managers to separate payments for research from trading commissions due to brokers that provide research. If an asset manager intends to use its clients’ assets to fund research payments, the manager must disclose research fees, allocate those fairly among client accounts, and receive client approval for research expenses. Payments must be made from segregated research payment accounts (RPAs) created by the asset manager.
The new RPA
