Viteos launches global regulatory reporting platform
Middle-office solutions provider Viteos has launched a regulatory reporting platform to ease the burden of regulation on asset managers.
The platform meets the demands of all current major regulatory filings related to financial, risk, investor and trade data. It includes those mandated by the Securities and Exchange Commission's Form PF and the Commodity Futures Trading Commission's Form CPO-PQR, as well as AIFMD filing requirements in Europe.
Data from multiple sources can be captured and normalised by the web-based platform. It can then extract information from a single uniform database in the required format, resulting in consistency across all regulatory filings.
Shankar Iyer, CEO of Viteos, said: "Fund managers today are increasingly constrained by the challenges around capital raising and performance returns on AUM in an intense competitive environment.
"Our approach relieves this burden and enables them to have the assurance that the regulatory side of their business is being addressed."
Markit launches front-office OTC derivatives solution
Markit will provide a front-office analytics tool to enable financial institutions to calculate the costs of funding and capital resources for OTC derivatives trades.
The solution will meet the growing regulatory-driven need to manage resources around OTC derivatives trading at a time when the cost of funding and capital is rising. The new Integrated Resource Management (IRM) tool will enable customers to dynamically manage their balance sheet resources and optimise trading decisions prior to execution.
"The economics of OTC derivatives are changing. There are numerous capital and funding costs that now need to be considered before executing a trade," said Paul Jones, director, Markit Analytics.
DI Investors links to WSE with SunGard
Independent Polish brokerage Dom Inwestycyjny Investors (DI Investors) has selected SunGard's Valdi solution to connect to the Warsaw Stock Exchange (WSE).
The solution will provide the brokerage with front-to-back trading and direct market access to the Polish exchange. DI Investors will also benefit from market-making and advanced trading functionality through Valdi.
Thomasz Bardzilowski, managing director of DI Investors, said: "SunGard's trading solutions offer a cost-effective way for our traders and clients to access the WSE."
Valdi also offers middle-office capabilities to facilitate the integration of trading brokerage activities into DI Investors' back-office, generating efficiencies. Valdi provides connectivity to more than 10 countries in Central, Eastern and South Eastern Europe.
Temenos launches social media monitoring service
Financial services solutions provider Temenos will launch a social media monitoring and compliance solution, SocialComply, to help financial services firms better engage with social media audiences while mitigating potential risks.
The solution aims to help firms manage the impact of information on social media that relates to their business. The tool lets users monitor what is being said in real-time across social media networks and to engage actively with audiences while complying with in-house rules.
"Financial services firms are not embracing social media because of perceived risks and this is why we have launched SocialComply - to help financial firms engage as fully as they would like without taking risks with their brand and reputation and without exposing themselves to potential compliance breaches," said Mark Winterburn, Temenos group product director.
OMEX Trading Systems boosts team
Direct market access and order management and execution management system provide OMEX Trading Systems has hired Antonio Panos as head of sales. He joins from Mixit Systems, a sell-side equities trading system vendor.
Matthew Weiss has also been appointed head of client support for OMEX, and joins from his former position of vice president of buy-side sales for Blockcross ATS. Weiss has also held senior positions at NYSE Group's Archipelago Holdings and MB Trading.
"The addition of industry high-profiles Tony Panos and Matt Weiss further enhances out platform's credibility with those who would ordinarily defer to the most recognised brands in the space," said John Houlahan, COO of OMEX.