Chris Kentouris

Although many financial firms are still facing budgetary constraints, there appears to be at least one area in which spending could grow: buying the necessary data to value the securities institutions trade and hold.

The Depository Trust & Clearing Corp. is seeking industry comment on a new service designed to cap its own liquidity risk when it covers the default of a clearing member.

Asia-Pacific fund managers should start using commission sharing agreements more frequently to achieve the best deals for their customers, according to research firm Celent.

The Financial Industry Regulatory Authority on Wednesday said that it fined five brokerages close to $1 million for gouging clients in "postage and handling" fees.

Fidessa said on Tuesday that Ruffer LLP, a London-based investment management company, has gone live with its Buy-side Workstation to execute trades in global markets through 50 broker-dealers.

Real-time risk management is the holy grail for many financial institutions. The reality: the majority of banks cannot calculate the true risk of new deals to their business intraday because they continue to rely on stale inaccurate data.

Charles Schwab on Thursday said it has completed the acquisition of online options brokerage OptionsXpress for about $1 billion to capitalize on the profitable business of options trading.

IBM agreed to acquire risk analytics firm Algorithmics for an estimated $387 million. Its risk analytics software, content and advisory services are used by banking, investment and insurance businesses to help assess risk, address regulatory requirements and assist decision-making.

The Bank of New York Mellon Corp., the country's sixth-largest bank with more than $1.3 trillion in assets under management, said late Wednesday that Robert Kelly has stepped down as chairman and chief executive officer due to differences with the bank’s directors regarding his management approach.

The trade group representing clearing agents and exchanges in the futures market says that the Commodity Futures Trading Commission has underestimated the costs of potentially requiring broker-dealers and clearing firms to record phone and electronic communications and store records.

Although Hurricane Irene may have wreaked havoc on millions of households across the East Coast, the storm had little impact on core post-trade clearing and settlement activities.

Broker-dealers don’t have to track every message sent through social media -- only ones that relate to business purposes. And unscripted interactions? They can be reported after they occur.

Traders and operations executives won’t be the only ones affected by Standard & Poor’s downgrade of U.S. government debt and the European sovereign debt crisis. So could plan sponsors which have lent out their securities and received either cash or fixed-income securities as collateral.

The Securities and Exchange Commission has upheld an administrative judge’s ruling that a mutual fund trader must pay more than $200,000 in penalties for accepting gifts from broker-dealers to steer trades their way.

Bowing to concerns about the costs of compliance, the Securities and Exchange Commission is trying to figure out just how much broker-dealers, transfer agents and banks must spend to track down owners of unclaimed securities accounts before it issues a new rule.

The Depository Trust & Clearing Corp. said that it will not change any valuations of securities required as collateral for the activities of Fixed Income Clearing Corp. as a result of Standard & Poor's downgrade of its rating on U.S. government debt.

Seeking U.S. backing, the Hedge Fund Standards Board in London amended its best practice guidelines to accommodate international standards. The changes strengthen disclosure and risk management practices for alternative investment funds.

European hedge fund advisors will soon be faced with the same challenges – and requirements – as their U.S. peers.

European hedge fund advisors will soon be faced with the same challenges – and requirements – as their U.S. peers.

Americas Trading Group said it selected NYSE Technologies to provide the backbone for its high-performance execution platform.