Solutions
NEX Regulatory Reporting is to use Duco’s technology to provide MiFID II reconciliation to the firm’s clients.
Reconciliation is a mandatory activity under MiFID II. The joint offering will use Duco’s reconciliation platform, Duco Cube, as a “black box” through its API. As a result, NEX Regulatory Reporting clients will receive a seamless reporting, validation and reconciliation experience for MiFID II through the new NEX Regulatory Reporting integrated user interface. Clients will also be able to get full access to a dedicated Duco Cube instance for more complex requirements, such as MiFID-related internal controls or clean-up activities.
Collin Coleman,
Linedata has launched its intelligent dashboard interface, Linedata Clarity, which is designed to simplify and prioritise decision-making for asset managers.
The dashboard interface is a modular component which can be integrated with solutions across Linedata’s comprehensive asset management platform.
Linedata says that Linedata Clarity provides a new way for key asset management roles, to include portfolio managers, compliance officers, traders and risk managers, to stay ahead and ensure their attention is focused in the right place at the right time with intelligent notifications and an interactive user interface that allows navigation through key data. The dashboard interface will have
Options, a provider of cloud-enabled managed services to the global capital markets, has completed the annual Service Organisation Control (SOC) 2 Type II and Statement on Standards for Attestation Engagements (SSAE) 16 Type II audits.
Conducted by an independent auditor, the certifications verify that the system architecture and security controls across the Options platform continue to provide a highly secure, available and private cloud service offering.
Introduced in 2011 as the financial industry standard for private cloud and infrastructure-as-a-service firms, SOC 2 Type II and SSAE 16 Type II assessments provide third-party assurance about a provider’s internal operating practices
Following last month’s launch of Bloomberg Total Return Swaps (BTRS), Bloomberg has executed the first standardised Total Return Swap transaction on the Bloomberg Barclays Indices.
Standardised BTRS provide exposure to the widely used Bloomberg Barclays fixed income indices including the US & Global Aggregates, US Corporate (IG) and US High Yield Indices as a tool for clients operating in the credit space who are subject to margin, risk and post-trade capital requirements.
“As financial institutions are forced to reduce the amount of risk and large bond positions they carry, a number of our clients have expressed strong interest in
Fiduciary and administration provider, Estera, has acquired the Heritage Financial Services Group (HFSG), an independent business providing third party fund administration, depositary, trust and corporate services in Guernsey, the UK and Malta.
The transaction is subject to regulatory approvals, following which the business will be rebranded under the Estera name. HFSG employs approximately 100 people across three jurisdictions and all employees will remain with the business and become part of the Estera team.
Farah Ballands (pictured), CEO of Estera, says: ‘We are delighted to welcome HFSG to the Estera family; a team with an excellent reputation in client service,
Independent global service provider JTC Fund Services has established a Guernsey-licensed Management Company (ManCo) as it continues to strengthen its European fund services proposition.
Through the new Guernsey ManCo, JTC is able to support fund managers with a broad range of services, including portfolio management, risk management, compliance, and regulatory reporting.
The move significantly bolsters JTC’s pan-European fund services capabilities and means that it is now able to offer Alternative Investment Fund Managers Directive (AIFMD) compliant ManCo services, both onshore and offshore, to Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Funds (AIFs).
JTC’s Luxembourg
EEX Group has successfully implemented an initiative to move all C4TC positions to the equivalent C5TC positions, thereby closing all open interest in existing C4TC contracts.
In doing so, EEX Group has become the only exchange platform offering Dry Freight FFAs to facilitate this move and the first to close all C4TC open interest, thereby helping the industry to transition to the new liquid benchmark which in turn allows clients to run all Capesize positions from a single book.
The EEX Group initiative, which included a fee waiver to facilitate the transfer, comes as a result of an industry
Specialist fund services provider Moore Management has achieved International Standard on Assurance Engagements (ISAE) 3402 Type II accreditation.
Building upon Moore’s previous level one accreditation, which was awarded to the business in 2015, this accolade marks the end of a large-scale project focused on further developing and aligning Moore’s operations in Guernsey, Jersey and the Isle of Man.
ISAE 3402 is a global assurance standard developed by the International Auditing and Assurance Standards Board (IAASB) for reporting on controls within a service organisation. The assurance report is issued by auditors to companies who are able to demonstrate that their
Cordium, a provider of governance, risk and compliance services, has launched a solution to help firms adapt to the new requirements of the Criminal Finances Act, set go into effect in September 2017.
Introduced by HM Revenue and Customs, the new legislation is intended to prevent the facilitation of tax evasion in the UK and abroad. All UK business entities are within the scope of the changes and must take appropriate steps to prevent criminal activity.
To assist firms with this process, Cordium has developed a solution aligned with the six guiding principles that constitute a reasonable prevention defence,
ABN AMRO Clearing Bank is to make Trading Technologies International’s (TT) trading platform available to its customers around the world.
ABN AMRO Clearing is already a distributor of TT’s legacy X_TRADER platform.
In the fourth quarter of 2017, professional traders who obtain software through ABN AMRO Clearing will have access to TT’s fully integrated suite of trading tools, including Autospreader, charting and analytics, block trading and TT Desktop, TT’s highest-performing user interface for complex workspaces that span across up to 16 monitors.
“We are pleased to offer ABN AMRO Clearing customers access to TT’s professional trading tools and enhanced
