Capital markets STP veteran and former chairman and CEO of BondDesk, Howard Edelstein has joined Algomi as a 'strategic advisor' and taken an equity stake in the two-year old fixed income liquidity discovery start-up.
Nearly two thirds of European and North American banking and capital markets firms expect to significantly increase their spending on compliance risk management over the next couple of years, according to research from Accenture.
Deutsche Börse has earmarked an additional EUR30 million in spending to spur plans for new growth initiatives over the coming year, including the creation of a central counterparty clearing house in Singapore.
With regulatory changes sparking a surge in demand for collateral, current operational processes and system infrastructures looks set to be overwhelmed, the Depository Trust & Clearing Corporation (DTCC) has warned.
Marianne Brown, president and CEO of post-trade processing house Omgeo, has been appointed as chief operating officer of SunGard's financial systems business.
Swiss bank UBS is to outsource large parts of its fixed income technology infrastructure to Murex and ION, according to Reuters.
Switzerland-based KYC Exchange has launched a Web-based communication platform for Know Your Customer (KYC) and Customer Due Diligence (CDD) data sharing for the international banking community
Five years after the financial crisis, progress on timely and accurate counterparty risk measures has been largely unsatisfactory, reports the Financial Stability Board.
A comprehensive rewrite of rules governing trading in financial markets has been agreed by the European Parliament and the bloc's Council of Ministers.
Finextra is inviting start-up companies in London to participate in the first of a series of breakfast roundtables ahead of the forthcoming Future Money conference, run in association with fintech accelerator space Level39.
US regulator Finra has slapped Barclays Capital with a $3.75 million fine for a decade-long failure to properly preserve electronic records, e-mails and instant messages.
As Finextra pulls the shutters down on 2013, we take a look back at our most popular news stories, videos, features and blogs over the course of the past year. The site will re-open for business on 2 January 2014.
The European Parliament has hammered out an agreement on safeguards aimed at protecting the financial system from failures at central securities depositories.
Fintech powerhouse SunGard is sharing the results of a two-day corporate hackathon which saw 103 teams in 17 cities around the world compete to develop innovative new financial service apps.
SIA, in partnership with Colt, has won the tender to connect Italian depository Monte Titoli to Target2-Securities (T2S), the new centralised European platform for the settlement of domestic and cross-border securities transactions.
The UK and Irish capital markets are to move to a shortened T+2 securities settlement timeframe with effect from October 2014.
A collection of Hong Kong-licensed brokers have enlisted Markit to help them comply with new electronic trading rules on the island.
Nasdaq transaction services lead Eric Noll has quit the US exchange to join capital markets brokerage and tech house ConvergEx Group as president.
Compliance and beyond: navigating challenges and exploring opportunities in the Nordic financial landscape
Exchange operator CME Group says that its ClearPort clearing system was hacked in July, compromising customer information.
Project First, the European Union-backed research effort to find a way of extracting and analysing financial services-related sentiment from social media networks, has concluded with the launch of a prototype market surveillance system.
© Finextra Research 2014