The Options Clearing Corp. plans to add certain government securities deposited as collateral to the margin calculation process it performs within its System for Theoretical Analysis and Numerical Simulations (STANS).
UBS, Credit Suisse and Morgan Stanley have all recently hired directors to run the fixed income businesses in India, Japan and the Asia Pacific regions.
The Options Clearing Corp. plans to change its rules so it can adjust the settlement prices for exchange-designated securities futures for ordinary dividends or distributions from the issuer of the underlying security.
Broadridge’s acquisition of NewRiver, an electronic investor disclosure provider, was spurred in part by regulatory changes that have taken place in the last few years.
Conifer Securities is eyeing enhancements to its multi-prime risk reporting capabilities for its hedge fund clients in response to recent demand.
A rift was revealed Friday between swaps market participants, some of which believe the Commodity Futures Trading Commission and the Securities and Exchange Commission should keep risk mitigation as their primary focus amid regulatory reform, while others think the regulators should target access.
Limiting a clearinghouse member's exposure to the CCP could limit that CCP's ability to mitigate risk and manage a systemic failure in the event of a default, Japan Securities Clearing Corporation stated in a letter to the European Commission
The Depository Trust & Clearing Corp. is preparing to launch the first phase of two initiatives—its Universal Trade Capture (UTC) system and the Obligation Warehouse (OW)—that are expected to help its members better manage different risks related to trading.
The Fixed Income Clearing Corp. has added a provision in its rules for the utility’s Government Securities Division (GSD) to clarify how its close-out netting process will work in the event that the FICC experiences a default.
Huntington Asset Services, a subsidiary of Huntington Bancshares, is hoping to expand its business into the middle office outsourcing space next year.
Larger institutions are looking into the series trust model as a way to enter the mutual fund business, according to SEI’s Phil Masterson, managing director in SEI’s Investment Manager Services division.
The move to central clearing for over-the-counter derivatives could increase long tail risk hedging among institutions, according to WSL sister publication Derivatives Week.
The Fixed Income Clearing Corp. wants to extend its use of an alternate calculation methodology for the clearing fund deposit required from inter-dealer brokers for clearing activity with the utility’s Government Securities Division.
The Options Clearing Corp. is eliminating the ability of its members to post TIP-STRIPS, or Separate Trading of Registered Interest and Principal Securities on Treasury Inflation Protected Securities, as collateral.
The Depository Trust Company, a subsidiary of the Depository Trust & Clearing Corp., is planning to cut its distribution of legal notices to members, leaving online access as the only outlet.
The Depository Trust and Clearing Corporation's Equity Derivatives Reporting Repository launched July 30 by starting to gather data on open equity derivatives positions from its 16 member firms.
An informal poll conducted Wednesday by Deloitte & Touche reveals that industry participants remain confused over the benefits of recently passed regulatory reform and how it will affect them.
The Depository Trust & Clearing Corp. plans to make all billing available in an online application next quarter.
The Committee of European Securities Regulators published its consultation paper on transaction reporting for over-the-counter derivatives last week and proposed two options that would govern requirements for transaction and position reporting of the contracts.
LaCrosse Global Fund Services is planning to take a best-of-breed approach with the fund administration assets it is acquiring from Bank of America Merrill Lynch, according to co-ceo Christopher Kundro.
A rash of new business this year for bank owned custodians and administrators is the result of an expanding pool of potential clients, according to Jay Hooley, ceo of State Street.
Algorithmics is cautioning the Bank of International Settlements’ Basel Committee on Banking Supervision that a proposal for an international framework for measuring, standardizing and monitoring liquidity risk may be tough on firms from a data management perspective.
Industry officials have warned the European Commission that the appointment of independent administrators to chair and participate in a clearinghouse’s risk committee could limit a CCPs ability to establish a stringent risk policy for clearing over-the-counter derivative contracts.
Viteos Fund Services is working with large risk management software companies in order to set up the ability to stream data to them on a real-time basis, according to Francis Rainsford, executive v.p.
The Options Clearing Corp. plans to eliminate its electronic pledge process for U.S. and Canadian government securities in favor of taking control of the securities immediately.
An over-the-counter derivatives valuation service launched this week by Bloomberg Professional Service will give users the ability to examine the vendor's methodologies for valuing the complex instruments.
C.K. Cooper, an Irvine, Calif.-based full-service investment bank, is planning to build out its research group on the East Coast.
Cosmos Technologies, the development arm of Indus Valley Partners, has added a new annual lease option for all its modules, which include P&L analytics, full-blown post-trade compliance, financing and risk management, according to Gurvinder Singh, IVP ceo.
The National Securities Clearing Corp, a subsidiary of the Depository Trust & Clearing Corp., plans to restrict the lending of certain securities through it automated Stock Borrow Program, including corporate and municipal bonds and securities by a member that is the issuer or affiliate of the issuer of the security.
Advent is in the process of completing development on the integration of its portfolio management and fund accounting platform Geneva 8.0 with Advent Partner, its partnership accounting platform for hedge funds.
Penson Worldwide is mulling the possibility of expanding its fixed-income processing service in the wake of completing its acquisition of the correspondent clearing contracts of Ridge Clearing & Outsourcing Solutions, a subsidiary of Broadridge Financial Solutions.