Wikstrom Joins Capitolis

Dr Petra Wikstrom has joined Capitolis as business development executive for the buy-side in the Americas. She will report to Ben Tobin, global head of sales at the firm and be based in New York. Wikstrom has been working for Greenwich Associates as a consultant for just over a year having left BNP Paribas in […]
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In the FICC of It

There is plenty to talk about for this week’s podcast as Colin Lambert casts an eye over EBS’s plans to alter its matching engine infrastructure and shares some of the feedback he has received. He then has time to launch into a diatribe about the results of a survey last week indicating that spreads are […]
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Two FX Specialists Leave IHS Markit?

Industry sources tell Profit & Loss that two FX specialists have left IHS Markit. FX market veteran and director in the customer solutions business, Sue Attwood, is believed to have left, as have David Mallinder, director, FX sales at the firm. Attwood’s departure ends an 11-year career at the firm which started when she joined […]
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Cassini Systems, IHS Markit, Team Up for Automated Margining

Cassini Systems and IHS Markit have announced that they are partnering to automate the calculation of margin estimates within the latter’s ThinkFolio service. They claim that the collaboration will, for the first time, provide pre-trade analytics for OTC and exchange-traded derivatives directly within ThinkFolio. Global regulatory updates such as EMIR and Dodd-Frank have resulted in […]
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Cobalt Secures Investment from Standard Chartered

FX post-trade infrastructure provider Cobalt, has announced the expansion of its bank investors with Standard Chartered as its latest backer. Having signed as a client on Cobalt’s platform in February, Standard Chartered now joins Citi as an investor in Cobalt’s expanding network. By creating a single version of a trade and checking credit in real-time […]
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Tora Unveils FX Hedging Solution for Equities

Cloud-based order and execution management system (OEMS) provider Tora, has announced the release of its new FX auto-hedging function for equity pairs trading. The new solution sits within the firm’s equity pairs trading algo suite and offers automatic hedging for clients’ cross currency equity pairs and equity derivatives trading. It captures all transactional information on […]
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SmartStream Launches Intraday Liquidity Stress Test Solution

Transaction lifecycle management provider SmartStream is claiming a first with the launch of an intraday liquidity stress testing module, which is available as a standalone of via the cloud. The firm observes that carrying out a stress test and running it can take up to eight weeks, with the new module it allows banks to […]
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Assure Hedge Gets Finance for IM Push

FX hedging service provider Assure Hedge has announced that it has agreed terms with Carrig Glen Investments (CGI), whereby CGI will provide up to a £9m margin finance facility for clients of Assure Hedge at a utilisation cost of 10% per annum. Under the terms of the arrangements, CGI will be entitled to subscribe for […]
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Mosaic Smart Data Unveils Data Normalisation Service

Data analytics firm Mosaic Smart Data is launching a data normalisation process as a new stand-alone service. The firm will employ its technology and data model to cleanse, normalise and process firms’ transaction data in all major FICC asset classes, including cash and derivatives, allowing institutions to analyse their activity in a given asset class […]
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EBS Plans Matching Engine Changes as Part of Migration to Globex

EBS is planning to change how clients match on its EBS Market platform as part of a planned migration to CME Globex, including a new matching engine infrastructure. The firm, which was bought by CME Group in 2018, is in the throes of migrating its fixed income BrokerTec platform to Globex later this year and […]
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