Chris Kentouris

Although fund managers say that preparing to comply with the provisions of the Dodd-Frank Wall Street Reform Act is top of their agendas, they are pretty much in the dark about what to do, according to a survey conducted by SimCorp., a technology firm specializing in investment management.

The National Securities Clearing Corp. has developed a new automated service for clearing brokers to establish, monitor and update their relationships with broker-dealers for qualified special representative (QSR) and correspondent clearing transactions.

A hedge fund services unit of Citigroup in Bermuda has become the latest in a line of third-party middle and back office service providers to be sued by the trustee liquidating Bernard Madoff’s firm to recoup collect funds for disgruntled investors. The unit, called Citi Hedge Fund Services Ltd of Bermuda, was the fund administrator for the Kingate Global Fund Ltd. and Kingate Euro Fund, feeder funds that invested in Madoff's Ponzi scheme. Madoff is now…

The world’s top foreign exchange dealers are working on an industry-wide initiative to reduce the risk of a Flash Crash hitting the global currency markets.

The London Stock Exchange late Wednesday pulled out of its $3.5 billion merger with Canada’s TMX Group leaving the door open for a possible hostile takeover from Maple Group.

Data giant Thomson Reuters has teamed up with real-time systems monitoring provider ITRS to allow financial firms to keep track of the performance and speed of Thomson Reuters’ market data platforms.

Courting high frequency traders, the London Stock Exchange is allowing non-members a direct connection to its electronic order books with some exchange controls.

Canada’s securities commissions have proposed to require transaction data on over-the-counter derivatives to be reported to trade repositories.

The world’s top foreign exchange dealers are working on an industry-wide initiative to reduce the risk of “flash-crash” hitting the global currency markets.

Endace, a network monitoring infrastructure firm, has teamed up with Verizon to help financial firms prevent losing critical market data from trading venues.

European clearinghouse LCH.Clearnet confirmed market talk that it wants to enter the market and service alternative trading platforms.

It’s official. Senior ranking Wall Street operations executives must be licensed as operations professionals. The Securities and Exchange Commission has approved the Financial Industry Regulatory Authority’s request to do so, albeit with some minor changes.

Executing a trade isn’t easy. Broker-dealers have to figure out where to trade, when to trade and how much to trade in a way that will minimize their total costs.

Hedge fund advisers who have registered with the Securities and Exchange Commission by July 21 have a lot more to worry about than simply filling out Form ADV.

The Securities and Exchange Commission has fined a former trader at Morgan Stanley $150,000 and barred him from the securities industry for two years after he fooled its risk management system with bogus equity swap deals.

Although broker-dealers want to track down who owns unclaimed securities accounts they don’t want to comply with the Securities and Exchange Commission’s new proposed rules.

The Financial Industry Regulatory Authority has proposed that broker-dealers disclose any revenue-splitting arrangements they have with mutual funds at the time they sell their shares to investors.

The Securities and Exchange Commission has proposed requiring financial firms to report in real-time either short sale transactions or positions as part of an initiative to increase disclosure on the popular practice

A federal judge has permanently barred Richard Goble, president of a defunct clearing firm and a one-time member of the board of the Financial Industry Regulatory Authority, from the securities industry and ordered him to pay a fine of $7,500.

The Securities and Exchange Commission said it has started enforcement proceedings against a St. Louis-based registered investment advisor and its president for using a broker-dealer to artificially inflating the prices of thinly executed stocks to report inflated performance to clients.