Electra Information Systems, a provider of software solutions for the asset management industry, has opened an office in St Petersburg, Florida, headed by Andy Gnibus, manager of data services.

It describes the move as a strategic investment to diversify geographical locations for the operations team. This will support the ongoing business continuity planning for the global firm and will further protect clients from unpredictable threats, such as natural disasters or other potential disrupters that have potential to impact specific regions.

“Financial institutions need to be prepared for the unknown and the potential impact that these events can have on their processes and operations,” said Scott Rhodes, Chief Operating Officer at Electra.

Electra opened a London office in 2013 as a direct result of its growing client base in the EMEA region.

Global clearing house LCH.Clearnet reports that it has appointed Shona Milne and Stephen Compton to its board of directors.  

LCH.Clearnet Group, the global clearing house, says it has appointed Steve Briscoe as the new group head of technology and operations, responsible for the provision of IT and operations across the group’s legal entities.

Torstone Technology has added an international processing tool for US clients to Inferno, its post-trade securities and derivatives processing system. 

Celent reports the release of a new report titled EMIR and CSDR: Understanding the Impact on CCPs and CSDs. 

Eddie Astanin, chairman of the Executive Board of Russia's National Settlement Depository (NSD), has been elected as a candidate for the Board of Directors of the international SWIFT system by Russia financial institutions which are SWIFT members. 

A new report from Greenwich Associates shows that social media are joining traditional financial news media as a key source of information used by institutional investors.