The Financial Conduct Authority has awarded Instinet Europe Limited (Instinet) Payment Institution status. This allows it to offer a new safeguarded cash management and payment service solution to clients looking to purchase investment research through ‘hard dollar’ research payments.

Instinet applied for the registration in March 2015 with the aim of complementing its Commission Management business. It says its first clients are expected to go live in August 2015, through their integrated cash management and broker review platform, Plazma.

It says the payment service solution, available to investment firms throughout the European Union, will provide long-term optionality, continuity and stability in how they manage the consumption of and payment for investment research.

Investec Asset Management has appointed Matthew Oakeley as chief technology officer.

GBST, a global provider of securities transaction and fund administration software for the financial services industry, says that Ian Jack has joined it as chief executive officer for its Capital Markets business in the UK.



From Monday September 14, London Stock Exchange’s global client base will be able to trade futures and options on the BIST 30 Index, Turkey’s leading index. 

SS&C Technologies Holdings reports the launch of its Evare Data Services Portal at the FIS Wealth Outsourcing Solutions’ Fall 2015 Regional Seminar Series taking place in Chicago, Illinois. 

Russia's National Settlement Depository (NSD), the country’s central securities depository, says it has implemented back-to-back settlements technology for off-exchange DVP (delivery versus payment) transactions. Trading bank accounts and transactions may be in Russian rubles, US dollars, euro, or yuan.

BNY Mellon says it has enhanced its foreign exchange payment capabilities.