G2 FinTech - News & Events

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5/19/12	High-net-worth investors need to be aware of the unintended tax consequences behind derivatives trades, comments George Michaels. Read Avoid Tax Surprises in Barron’s Penta, another media outlet that has begun covering G2 FinTech.
5/14/12	ISS-MAG, another media outlet that has begun covering G2 FinTech, consulted George Michaels when writing US Cost-Basis Reporting: Ten Steps to Prepare for the Final Lap. Read what Michaels says about Step 7, Verify: The accuracy of the 1099B documents.
5/11/12	The trend continues...more, different media outlets are covering G2 FinTech! CNBC.com, Yahoo! News, and the Chicago Tribune all feature George Michaels’ comments about JP Morgan’s $2 billion trading losses in JP Morgan may tip Wall Street’s hand on ploys to beat Volcker. Check out those websites or download a pdf of the article, which also ran in Thomson Reuters Accelus.
5/10/12	G2 is a finalist for the FTF News Technology Innovation Awards 2012. Read about it in FTF News. Subscribing to FTF News is free. However, if you are not a subscriber, you can read our press release.
4/23/12	The RBC tax fraud scandal continues to loom large. This week George Michaels offers tips to compliance officers so they can proactively spot trading activities of this ilk and avoid problems with the IRS. You can download a pdf of the article,Tax Evasion Abroad: Tip of the iceberg for compliance?, which ran in Thomson Reuters Accelus or you can read the article on Compliance Complete’s website.
4/20/12	G2 FinTech continues to broaden its coverage in the press. Check out our latest piece in FX-MM, a magazine covering subjects such as capital markets and funding, corporate financial management, risk management and technology issues, and hot topics like the Volcker Rule. Volcker Rule compliance--Differentiating between proprietary trading and market-making.
4/11/12	Read what George Michaels has to say about risk-management models and alternative asset managers in Institutional Investor’s New Risk Software Turns Postcrisis World on Its Head.
4/09/12	The Opinion and Analysis section of TabbFORUM features George Michaels’ Tax Evasion Overseas: Just the Tip of the Tax Iceberg?, a commentary on the CFTC’s suit against the Royal Bank of Canada for committing fraud by executing a series of riskless transactions. If you are not a TabbFORUM subscriber, click here to read our Commentary or see our Commentaries and Videos section.
4/05/12	George Michaels discusses hybrid tax straddles and dividend farms in Advanced Trading’s Did the CFTC Err in Accusing RBC of An Illegal Trading Scheme?
4/04/12	George Michaels is a guest contributor to The Bull Run, Financial Technologies Forum’s blog. The Silver Butterfly Case--Straddles 101: Why tax straddles are important to a tax-aware portfolio strategy.
3/29/12	When it comes to complying with Form PF, there is no silver bullet, warns George Michaels in Form PF Will Be a Painful Burden for Hedge Funds, featured in both Advanced Trading and in Wall Street & Technology.
3/22/12	Bobsguide and RFP Connect both feature our latest press release, FinTech’s TaxGopher® Chosen as Finalist in the FTF News Technology Innovation Awards 2012.
3/16/12	Thomson Reuters Accelus features George Michaels’ simple, yet powerful approach to enforcing the proposed Volcker Rule. Distinguishing between proprietary trading and market-making--a cheat sheet.
3/1/12	Bobsguide features our latest press release: G2 FinTech Announces Continued Sponsorship of Hedge Funds Care in 2012.
2/21/12	“In order to run accurate and audit-ready tax analyses, firms need to understand how straddles gains and losses affect wash sale calculations,” says George Michaels in Back in the Straddle Again, featured in Markets Media.
2/17/12	BobsGuide highlights G2’s most recent press release G2 FinTech Publishes Groundbreaking Straddles White Paper: Tax Implications of Straddles. To read this and other white papers, please visit please visit G2’s Cost Basis Advisory Page.
2/17/12	G2’s latest white paper, Tax Implications of Straddles, is featured in TabbFORUM. If you are not a TabbFORUM subscriber, please visit G2’s Cost Basis Advisory Page to read this and other white papers.
2/7/12	“The IRS says even if you turn in those 1099-B forms that are solely TARP compliant, that does not let you off the hook for tax evasion. Just like Al Capone, you could find yourself in federal prison,” says George Michaels in New Headaches for the Tax Season, featured in FTF News.
2/1/12	FTF News features our blog: The Reconciliation Trifecta: Workflow Efficiency, Wash Sale Reporting Accuracy and Cost Basis Compliance. If you are not an FTF News subscriber, you can read our Tax & Compliance Blog.
1/25/12	“Investment Managers and Hedge Funds must prioritize their action plans for Cost Basis Reporting, Form PF and FACTA. The alternative is to pay a heavy price,” writes George Michaels in Hedge Fund Tax Headaches and How to Avoid Them featured in TabbFORUM.
1/10/12	“All those Internet start-ups that have cloud or social media are flush with money and they’re out there hiring the best and brightest, which makes it really hard for Wall Street to get them,” George Michaels says in Traders Face Weak Hiring Prospects in 2012 featured in Wall Street & Technology.


10/19/11	George Michaels describes plans for newly formed G2 FinTech. Read more in Q & A: G2 FinTech’s Michaels Discusses New Company, Product Roadmap in Buy-Side Technology.
10/19/11	Securities Technology Monitor highlights the creation of G2 FinTech, formerly the software division of G2 Systems, in G2 Systems Spins Off Cost-Basis Reporting Unit.
10/19/11	G2 FinTech offers new Qualified Dividend Module for TaxGopher. Read more in Accounting Today.
10/19/11	TabbFORUM highlights G2 FinTech’s latest enhancement for TaxGopher: G2 FinTech Adds Qualified Dividend Functionality to TaxGopher.
10/3/11	According to George Michaels, financial consultants to the alternative community are telling Washington “...you can't possibly let this go electronic because we’re the only thing stopping the Bernie Madoffs from looting the money of the world. In fact, that’s not true. The reason they’re lobbying really heavily is they earn so much in fees.” Read more in Gate Technologies Pushes One-Stop Shop for Secondary Markets in Advanced Trading.
10/1/11	Carnegie Mellon Today highlights George Michaels and the other five alumni at G2 in Taxable Interest.
9/12/11	G2’s latest white paper, Prospective Wash Sales, is featured in TabbFORUM. If you are not a TabbFORUM subscriber, please visit G2’s Cost Basis Advisory Page to read this and other white papers.
9/1/11	Markets Media features G2’s latest white paper, Prospective Wash Sales. You can also visit G2’s Cost Basis Advisory Page to view this and other white papers.
8/30/11	“One size doesn’t fit all,” says Brian Roberti in his articleThe Keys to Hedge Fund Software Selection in Advanced Trading online. The article is also featured in our White Papers & Articles section below.
8/30/11	G2’s latest white paper, Prospective Wash Sales, is featured in COOConnet. If you are not a COOConnet subscriber, please visit G2’s Cost Basis Advisory Page to read this and other white papers.
7/19/11	TabbFORUM highlights G2’s latest white paper: Wash Sale Concerns for Mutual Funds & DRIPs. If you are not a TabbFORUM subscriber, please visit G2’s Cost Basis Advisory Page to learn about the white paper and more.
7/13/11	When it comes to unintended taxable events, “Wouldn’t it be nice if you had a pre-trade analytics engine that would tell you if you do this trade it will trigger some weird section of the tax code?” says George Michaels. Read more in Software Pitched as Tax Predictor in Hedge Fund Alert.
7/13/11	The opinion section of Global Financial Strategy News online runs One Size Doesn’t Fit All Hedge Funds by Brian Roberti, director, sales and marketing. If you are not a GFS News subscriber, please see our White Paper, Blog & Articles section.
7/13/11	Fund investors need to look out for the 30-day wash sale rule, says George Michaels. Read more in Fund Managers and Cost Base Reporting in Markets Media.
5/04/11	“We’ve seen what’s happening in the industry. It’s become more regulation-sensitive, more operational-focused,” says Michael Rodriquez, head of G2’s Accounting and Operations Group. Read more in G2 Crafts ‘Shadow Accounting’ Tool in Hedge Fund Alert.
4/15/11	“There has been quite a heavy migration of functionality away from prime brokers over to fund administrators,” says George Michaels. Read more in Changing Relationships Between Hedge Funds, Prime Brokers and Administrators in Global Custodian online.
4/12/11	Steve Gargano of Mariner Investment Group says, “TaxGopher gives us more control of wash sale data and has improved the task of year-end analysis by automatically compiling relevant information and producing useful reports.” Read more in Mariner Rolls Out G2 Tax Kit in Advanced Trading online.
4/08/11	“The way that broker-dealers calculate wash sales doesn’t address the loopholes that the IRS closed in 1997, so their statements aren’t IRS-compliant,” says George Michaels. Read more in IRS Issues Dog U.S. Hedge Funds in Markets Media.
4/04/11	A stricter regulatory environment and choppy fundraising conditions pose challenges for new funds. “The capital-raising is a big problem because you can't go to friends and family. You've got to find qualified investors,” says George Michaels. Read more in A Cold Shower for New Hedge Funds in Advanced Trading online.
3/25/11	“It's impossible for hedge funds to obtain a comprehensive risk perspective if their positions are spread across multiple brokers and custodians,” says George Michaels. Read more in Multiple Prime Brokers Vex Hedge Funds in Markets Media.
3/23/11	“Once Bridgewater does it, everyone will follow,” says George Michaels. Read more in Bridgewater Questions Need for Back Office in Hedge Fund Alert.
3/18/11	"Opening a London base will bring us even closer to our multinational clients and expand operations in Europe as a Premier Consulting Partner for Advent Software,” says George Michaels. Read more in G2 Systems Opens London Office in Global Custodian online.
3/16/11	Some broker-dealers have failed to quickly adopt to new IRS tax reporting requirements, says Brian Roberti, director of sales and marketing at G2. Read more in Broker-dealers 'exposed' on tax reporting in GFS News.
3/16/11	Five years of growth in implementation services prompts G2 to open London office. Read more in G2 Systems Sets Up Shop in London at WatersTechnology.com.
1/27/11	According to George Michaels, “The Volcker Rule is mainly an exercise in PR by the government so it can say it's putting a rule in place.” Read more in Volcker Rule: A Dead Letter? in Markets Media here.
1/13/11	The Dodd-Frank law will have a huge impact on the buy-side's technology infrastructure. According to George Michaels, on the trading side, many banks will look to simplify this process by building off of existing platforms. But with volumes and data traffic set to explode down the road, the swaps market is about to get a lot messier for the buy side. Read more in Buy-Side Must Pay to Play in New OTC Derivatives Market in Advanced Trading here.


12/2/10	According to George Michaels, managers with an established track record at big firms ... are going to be able to raise money to start hedge funds. But these start-ups are going to look to shift the cost of their software onto the sell side. "What you're going to see is a growth of IT systems where the buy side can get a technology and get the sell side to pay for it." Read more in 5 Trends Shaping the Buy-Side Trading Desk in Advanced Trading.
11/2/10	Hedge funds are raising money and on a hiring binge, according to George Michaels. Read more in Hiring is Back on the Agenda for 2011 in Advanced Trading here.
10/22/10	According to George Michaels “The largest shops don't care about a fancy user interface, they just want raw execution.” Read more in the Marketsmedia Prop Trading Report 2010 here.
10/4/10	G2 Systems is working with its partner EZX, an execution-only FIX connectivity provider, on a low-cost trading platform for prop traders. G2 will provide the interface to route orders for the traders and EZX will complete the execution of the order. From Providers Prep for Prop Trading in Wall Street Letter.
9/30/10	G2 Systems provides [prop trading firms] with the technology they need to execute trades based on the quantitative models they've developed during their stints at prop trading desks ... “We've developed an execution platform that's a poor man's Flextrade or Portware,” said [George] Michaels. "They don't need a fancy user interface, what they do need is cheap connectivity to executing brokers, and we provide that connectivity, whether it's in FX, equity derivatives, fixed income, or credit derivatives.” From Prop Traders Want No-Frills Execution in Markets Media Online.
9/20/10	George Michaels on the role of technology service providers on post-collapse Wall Street in The New Wall Street, published in Advanced Trading. Requires Adobe Reader. To read on the web instead, click here.
9/16/10	George Michaels ... argues the [Volcker] rule may spark an unintentional boost for the folks running prop shops. Read more in Morgan Stanley's Early History May Signal Bright Outlook for Prop Trading Desks in Advanced Trading here.
6/2/10	Read a mini-case study of how Kaufman Rossin Fund Services controls tax data with G2's TaxGopher® in Buy-Side Technology.
5/27/10	Vendors offering cost basis calculation and reporting software are counting down the days until the first implementation deadline for new rules from the IRS. George Michaels explains the wash sales reporting capability of TaxGopher® in Vendors Count Down To Cost Basis Deadline in Wall Street Letter.
3/8/10	TaxGopher® wash sale reporting component highlighted in Y2K Plus 10? Cost-Basis Rules Producing Technical Jitters from Securities Industry News.
2/4/10	See what George Michaels has to say about addressing the new cost basis reporting regulations in B-Ds Play Dangerous Game by Making Regs 'Next Year's Problem' from Markets Media Online.
1/1/10	See 60 Seconds with George Michaels from Waters Online.


10/28/09	According to George Michaels, "Primes are waking up to the fact that there's real money to be made in financing, and are offering one-stop shopping...They're admitting there's a problem with the old system and are combining different business units." Read the whole article in Hedge Fund Alert here.
10/28/09	Michael Rodriguez, co-founder of HighRoad Fund Services, joins G2. “We are delighted to have Michael join our firm,” commented George Michaels, founder of G2. “With Michael on board, we now offer clients solid fund administrator and fund accounting consulting services in addition to our strong technology and software solutions.” Read the whole article in Wall Street & Technology here.
10/1/09	According to George Michaels, principal with consultancy G2 Systems, everyone hopping on the risk solution bandwagon just adds more frustration to the already harried CIO. "It is difficult to separate the wheat from the chaff with all of the marketing [nonsense]. You have to do your homework..." Read the whole article from Waters Online here.
6/10/09	"We're a combination of seasoned Wall Street veterans and the finest talent from the top engineering schools." Partner George Michaels describes G2 in A Great Combination For Wall Street — George Michaels and Mark Hill from Mann on the Street.
4/5/09	Partner Mark Hill on repeal of the uptick rule in Investment News.
3/24/09	George Michaels on Treasury's ability to manage its Toxic Asset Plan in Advanced Trading. See the whole article here.
1/15/09	According to partner George Michaels, “I think the safest way for hedge funds to market themselves with data-rights protected information is to do it through an intermediary because there cannot be that interaction between a hedge fund manager and individuals.” Read the whole article in Hedge Fund Law Report here.


12/16/08	Partner George Michaels on the trade-offs between client access to hedge fund data and security in Hedge Fund Law Report here.