Euroclear, the European settlement services provider, has signed a ‘Memorandum of Understanding’ to acquire the Nordic Central Securities Depository (NCSD) from Nordea, SEB, Svenska Handelsbanken and Swedbank.
The buy-side should be wary of passing too much responsibility for MiFID compliance onto their brokers, according to Brian Sentance, CEO of analytics and data management firm Xenomorph.
Data solutions provider Vhayu and StreamBase, a complex event processing vendor, have announced a tightly integrated platform for real-time and historical market data storage and analysis.
Turquoise, the multi-lateral trading facility (MTF) being set up by a consortium of European investment banks, has appointed Morgan Stanley executive Eli Lederman as its chief executive officer and Swedish technology firm Cinnober as its trading platform provider.
eSignal, the desktop solutions division of Interactive Data Corporation, has launched QuoteTrader, a free broker-neutral, multi-asset-class trade management and charting platform.
London-based hedge fund and asset manager Thames River Capital Group has chosen the Charles River Investment Management System (Charles River IMS) to automate pre-and post-trade compliance for all asset classes across its asset management operations.
Investment bank Morgan Stanley has announced its intention to sell a minority interest in its subsidiary, MSCI, in an initial public offering (IPO) of Class A common stock.
Fulcrum, a fund administrator for the alternative investment management industry, has selected SuperDerivatives, a derivatives solutions provider, to perform revaluation services for its hedge fund clients.