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BNY Mellon automates hedge fund admin


26 January 2012 London
Reporter: Anna Reitman

BNY Mellon has enhanced its loan administration functionality to offer hedge funds and fund of hedge fund clients an automated solution with increased transparency...
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CFTC gives passing grades to 14 FCMs


26 January 2012 Washington
Reporter: Anna Reitman

The Commodity Futures Trading Commission (CFTC) found the top 14 futures commission merchants (FCMs) compliant with requirements to segregate customer funds...
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Ffastfill moves in with ASX


26 January 2012 Sydney
Reporter: Anna Reitman

Ffastfill will be adding its SaaS (software as a service) infrastructure and services within the Australian Securities Exchange's (ASX) new data and colocation centre...
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State Street expands ETF servicing


25 January 2012 Boston
Reporter: Anna Reitman

State Street has announced the expansion of its global servicing capability for ETFs using cloud-enabled technology...
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Extranet spend to reach $2.3bn in 2012 - TABB Group


25 January 2012 London
Reporter: Anna Reitman

Pressure to manage connectivity across fragmented global markets will see sell side firms spending on extranet and extranet connectivity, according to research from TABB Group...
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FIA committee to look at MF Global failures


25 January 2012 Washington
Reporter: Anna Reitman

The Futures Industry Association (FIA) has announced the establishment of a special committee to address issues related to the MF Global collapse...
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FESE to standardise post-trade equity data


25 January 2012 Brussels
Reporter: Anna Reitman

The Federation of European Securities Exchanges (FESE) has announced the development of common standards in an effort to restore post trade transparency...
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Algorithmics integrates Axioma's equity models


23 January 2012 London
Reporter: Anna Reitman

Algorithmics and Axioma have announced a business relationship to offer data derived from Axioma's multi-factor equity models as part of Algo Risk Service...
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BNP Paribas expands hedge fund admin


23 January 2012 London
Reporter: Anna Reitman

BNP Paribas Securities Services has announced its investment programme for hedge fund and fund of hedge fund administration services for both UCITS and offshore funds...
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BNY Mellon picks up Van Eck ETF mandate


18 January 2012 New York
Reporter: Anna Reitman

BNY Mellon has been selected to provide exchange-traded fund (ETF) services, custody, securities lending and fund accounting for the six new Market Vector Industry ETFs which recently launched...
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Citi GTS net income down 11% in Q4 2011


17 January 2012 New York
Reporter: Anna Reitman

Citigroup's transaction services net income fell 11 per cent, to $776 million, in the fourth quarter of 2011 versus the same quarter last year on the back of narrow spreads and widening expenses...