Emerging Technologies
Markit Acquires DTCC Stake in MarkitSERV
Markit has announced that it will buy out the Depository Trust and Clearing Corporation (DTCC) from their joint venture, MarkitSERV.
BNY Mellon Tweaks AccessEdge Collateral Management Service
BNY Mellon has upgraded its AccessEdge collateral management portal via a link to Pirum’s tri-party automation service that will allow BNY Mellon’s buy-side clients to better manage their collateral requirements.
Mobile ROI Hard To Quantify For Financial Firms
At a debate on the impact of consumer technology in the financial services industry, four mobile specialists expressed their opinions on what has been overhyped and what's been underhyped.
Apogee Leadership Team Joins Gravitas
The management team of Chicago-based consultancy Apogee Strategies has joined Gravitas, an India-based technology provider to the alternative investment industry, following a joint venture launched in 2011.
Officer on Deck
The face of UK regulation changed yesterday.
Nasdaq OMX to Acquire eSpeed Platform from BGC
Nasdaq OMX has announced that it will purchase BGC Partners' US treasuries-trading platform, eSpeed,for $750 million and contingent stock issuance.
BNY Mellon Taps Sakati for Securities Financing Program
BNY Mellon has named Dean Sakati as head of strategy and business development for its securities finance division, which resides in the company's Global Collateral Services (GCS) business. GCS currently services $2 trillion in global collateral.
Wizards of Oz: Why ‘Down Under’ Doesn’t Mean ‘Down-and-Out’
Australia is about as far as you can get from the financial centers of New York, Chicago and London. But that isn’t stopping Antipodean entrepreneurs from setting their sights further afield.
Metrics Man: BNY Mellon CIO Suresh Kumar
Suresh Kumar moved to the US at 24 to find a job in technology. Along the way to becoming CIO at BNY Mellon, he directed the first online brokerage, built a laudable technology stack at Pershing, and installed a software company back home in southern…
April 2013: The Naming of Parts
Are initiatives like the investment book of record, and post-VaR risk models really new? Or, Victor asks, have the old parts simply been given new names?
Poll: Intra-firm Collaboration Is Key
Collaboration within firms is increasing, according to a poll by Boston-based analyst firm Celent. At least, the need for collaboration is increasing. It may take a new set of tools to exercise those collaborative muscles to the fullest.
Omgeo Adds Three to Board
Edward Hazel, Richard Taggart, and Susan Cosgrove replace John Devine, Peter Johnston, and Donald Donahue, who are stepping down from the post-trade services provider's leadership.
Multi-Bank Group Aims for Client Enablement Standardization
A group of major sell-side institutions have launched a working group, the Trading Enablement Standardization Initiative (TESI), in order to facilitate client and trader enablement on electronic trading platforms.
Eurex Clearing Names Book CEO
Thomas Book will be joined by three other executives taking new titles at the company, effective April 1