Operations

Following on from the success of a self-assessment methodology released earlier this year, Investit has announced the launch of a new operations benchmark. As part of Investit’s marketleading Intelligence research service, the benchmark allows investment managers and administrators to compare their operations processes to the market and to best practice.

Most financial institutions are reducing headcount in the current market climate but firms should be mindful of the long-term effects of such drastic cuts, warns Gary Wright of B.I.S.S Research

GL TRADE, a global provider of multi-market and multi-asset solutions for international financial institutions, has successfully implemented with the Australian Stock Exchange (ASX) Derivatives market its back-office solution, GL UBIX, for Morrison Securities. This extension will allow the Sydney-based brokerage house to manage all its Australian derivatives operations using one single system.

The International Swaps and Derivatives Association, Inc. (ISDA) today jointly submitted a letter with industry associations and leading financial institutions to the Federal Reserve Bank of New York. The letter highlights a series of strategic steps that ISDA is making in connection with the ongoing commitments of market participants to further strengthen the operational infrastructure for OTC derivatives.

The International Swaps and Derivatives Association, Inc. (ISDA) today applauded a number of industry initiatives that have had the beneficial effect of reducing notional amounts outstanding in credit default swaps (CDS), significantly reducing operational, legal and capital costs for industry participants and improving operational efficiency in CDS.