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Flash crash reforms may not be enough


19 October 2012 London
Reporter: Mark Dugdale

Researchers have claimed that US ‘flash crash’ reforms will fail to avert another market meltdown unless they are coupled with new liquidity-based circuit breakers...
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Securities finance dips in State Street’s Q3 2012 results


18 October 2012 Massachusetts
Reporter: Georgina Lavers

State Street's Q3 2012 results revealed securities finance revenue of $91 million, a decline of 36.4 percent from Q2 2012. But revenue was higher than it was in the same quarter in 2011...
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CaIPERS appoints Eason as pension fund CFO


18 October 2012 Sacramento
Reporter: Jenna Jones

The California Public Employees Retirement System (CaIPERS) has hired Cheryl Eason as its CFO. In the newly created role, Eason will oversee the financial and risk management operations of the firm’s $243 billion pension fund...
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Shock resignation as Vikram Pandit leaves Citi


16 October 2012 London
Reporter: Georgina Lavers

In a surprising turn, Vikram Pandit has abruptly left Citigroup after rumours that there were clashes between him and the board over strategy...
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SS&C supports collateral management with new service


16 October 2012 Connecticut
Reporter: Georgina Lavers

SS&C Technologies has launched GoTrade+, an advanced, flexible middle-office service for complex investment portfolios. GoTrade+ supports post-trade activities of complex traded transactions...
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Newedge hired as swap counterparty to EEA fund


15 October 2012 London
Reporter: Georgina Lavers

Prime broker Newedge has been appointed as swap counterparty to the EEA Diversified Trends fund. The fund, managed by EEA Fund Management, is Irish-domiciled...