HSBC Hires Doscas From Lehman Brothers
HSBC Securities hired Daniel Doscas as senior vice president and business strategy officer and head of equity market structures for the United States. Doscas was a senior vice president and head of global fixed income connectivity at Lehman Brothers.
The hiring of Doscas, an expert in applying the Financial Information Exchange (FIX) protocol to fixed income products, follows the appointment of James Leman from SunGard BRASS two weeks ago as head of execution trading for the Americas.
In his new role in the equity division, Doscas -- who reports to Lehman -- will be responsible for all commercial and connectivity issues associated with HSBC trading activities with the various exchanges, electronic communications networks, alternative trading systems, broker-dealers and other liquidity sources.
According to HSBC officials quoted in the release, Doscas joins a team of professionals focused on delivering a global cross-asset, class-trading model.
Doscas was formerly at Lehman Brothers where he was senior vice president and head of global fixed income connectivity. Prior to that, Doscas, who has 18 years of financial industry experience, served as director of global connectivity debt eServices at Merrill Lynch from 1993 to 2002.
As a member of the Bond Market Association and FIX Protocol Limited, Doscas coordinated convergence efforts between FIX Protocol Limited and the BMA in order to develop the FIX standard across fixed income products.
Cameron Systems Strikes Reseller Agreement With XTrades
Cameron Systems entered a strategic agreement with Swiss-based XTrades AG for the integration of the CameronFIX standard messaging platform with Xtrades STP Order Management System OrMA. Xtrades provides financial software and consulting services to the European investment management community.
CameronFIX will provide the FIX (Financial Information Exchange)-based trading enhancements for OrMa to enable customers to send and receive trading messaging using the dominant global industry standard. One Swiss bank, Banca Del Gottardo, already has selected the XTrades OrMa solution with the CameronFIX platform embedded.
The agreement, announced on Tuesday, will give XTrades reseller rights for the CameronFIX platform in Switzerland and Italy. XTrades will provide custom development of FIX connections for private and investment banking firms, brokers and exchanges.
ComStock Hires Kirlin to Steer XpressFeed
ComStock, the provider of real-time market data, has hired Sean Kirlin as director, product management for the company's flagship data feed product XpressFeed. He will be based at ComStock's headquarters in Harrison, N.Y..
Kirlin will report to Donald Finucane, vice president of product management and marketing. In his new role, Kirlin will be responsible for setting the strategy for ComStock's data feed product and for the implementation of both strategic and tactical development priorities.
Most recently, Kirlin served as product manager for Thomson Financial where he was responsible for strategic development of Thomson Data Feed products. Prior to joining Thomson in 2001, Kirlin served as senior product manager at Reuters and prior to that, at Dow Jones & Company as supervisor of product performance in Jersey City, N.J.
Kirlin brings more than 15 years of experience in the market data industry concentrating on product management, data management and business development, according to Comstock.
SunGard Beefs Up Fame's ETF Data
SunGard has added The Depository Trust and Clearing Corporation's (DTCC) U.S. and exchange traded funds (ETF) data to its Fame Time Series Database -- a high volume data platform used by financial institutions worldwide.
Fame says it now provides enriched current-day and historical information on ETFs to meet the needs of financial institutions participating in the growing ETF market.
ETFs are index based, transparent investment products that allow investors to buy or sell shares of entire portfolios of stock in a single security.
On a nightly basis, sponsors of ETFs report net asset value and component information on these instruments to the DTCC's subsidiary, National Securities Clearing Corporation (NSCC). Fame collects this information from NSCC, then enhances the cleansed data with additional information and maintains it in a historical database. Users can track the composition of ETFs back to February 2004.
Fame's coverage includes over 110 U.S. equity and fixed-income ETFs and 35 international ETFs. For each ETF, Fame provides data on both the aggregate level, including fund cash positions and net asset values, and the individual constituent level, which includes shares of each issue within an ETF and corporate action history.