Buy-Side Technology - 2007-01-01

FutureTrade 4.0

FutureTrade has launched V4.0 of its equities and options platform, which now includes DMA to equity markets as well as better integration of equity and options trading.

DTCC/Deriv Serv looks to support equities this year

The Depository Trust & Clearing Corporation (DTCC) is set to expand its Deriv/Serv automated post-trade processing platform for OTC derivatives to include a range of new equity derivative products early this year.

Parnassus takes LongView to support investment strategies

Parnassus Investments, a $1.2 billion long-only manager based in San Francisco, has rolled-out Linedata's LongView Trading ASP trading and OMS to underpin its trading and compliance operations. LongView's range of functionality, pre-trade compliance…

2007 PREVIEW: Great expectations

This year is set to be a definitive year for buy-side organisations on both sides of the Atlantic; MiFID awareness is clearly on the up as November 2007 draws inexorably closer, while the OTC credit and commodities markets still retain their lustre for…

Happy hunting ground

Victor Anderson speaks with Kevin Shames of Alpha Asset Management, a Cape Town-based fund of hedge funds

JP Morgan completes BGI lift-out

JP Morgan Worldwide Securities Services has completed its outsourcing deal with Barclays Global Investors (BGI) for the majority of BGI's European business.

OMS Orderly conduct

ITG's Michael Roberts   assesses the crucial role OMSs play in buy-side firms' execution capabilities 

Execution management systems – Flying under the radar

Execution management systems (EMS) are not new on the buy side by any means – first generation EMSs started appearing on the market some 18 months ago, although simple execution management applications have been available for the past decade. But this…

Convergex offers new algos through OMS partners

BNY ConvergEx Group, the New York-based provider of agency brokerage and investment technology services, has integrated its Financial Engineering & Advanced Trading Solutions (FEATS) algorithmic trading tools with a number of OMS providers. Current…

Eisenhart: One more crystal ball

Welcome to the first edition of Buy Side Technology 's House Call column. In the coming months we will use this space to analyse issues impacting managers, their counterparties and their service providers based on what we see and hear.

OTC derivatives: innovation at a price

This year is likely to see the increased use of credit derivatives by buy-side institutions as traditional asset managers and hedge funds alike broaden their search for alpha. But as Jos Stoop points out, the back-office processing of these instruments…

Old Mutual's outsourcing deal with JP Morgan

Old Mutual Asset Managers (OMAM), the Cape Town based investment manager with $40 billion under management (September 2006), has contracted JP Morgan Worldwide Securities Services to manage its investment administration activities. The agreement covers…

Trayport grows US profile with broker-dealer win

Murphy & Durieu, the New York-based inter-dealer broker, has launched an ABS (asset-backed securities) service by rolling-out Trayport's GlobalVision platform for real-time electronic price distribution.

Instinet looks north of the border

Instinet, the New York-based agency broker, intends to launch Instinet Canada Cross (ICX), an ATS that will operate as an e-auction market for the trading of Canadian exchange-listed securities. ICX, expected to launch early this year, will be operated…

FinAnalytica upgrades FoHF platform

FinAnalytica, a Seattle-based provider of risk management and portfolio construction analytics based on statistical finance methodologies, has released CognityFoF version 2.7. According to the vendor, buy-side users will now have their "own unique…

Alpha abroad – the buy-side looks to emerging markets

Buy-side firms' interest in exotic instruments has risen in recent years as their domestic equity and bond markets returns remain in the doldrums. But for some managers 'exotic' extends beyond OTC derivatives and structured products – these firms bet on…

Buy side to reduce reliance on proprietary algos

A recently published Tabb Group report suggests that buy-side organisations are increasingly likely to source their  trading algorithms from third-party providers rather than develop them in-house. Stewart Eisenhart investigates 

Quintillion selects Advent's Geneva platform

Dublin-based Quintillion, a fund administrator launched last year, has selected Advent's Geneva portfolio accounting system to manage its hedge fund administration operation.

Morgan Stanley and Tamale announce research alliance

Tamale Software and Morgan Stanley's prime brokerage and fund services divisions have struck an alliance driven by demand from clients of both organisations. The collaboration will entail the integration of Morgan Stanley's hedge fund and asset…

A long time coming

The Fidessa Workstation Execution Management Service falls under this month's Product Profile spotlight

Cogency signs two more clients

New York-based Terrapin Asset Management and a $2 billion unnamed Californian investment firm have become the fourth and fifth signings for Cogency Software's Insight fund of hedge funds platform since the Burlingame, CA-based vendor shifted its…

JP Morgan gets modern

Modern Asset Management, the Delaware-based investment adviser and subsidiary of Modern Financial, has signed with JP Morgan Managed Account Solutions for middle- and back-office support for its separately managed and unified managed accounts programs…

Miletus reveals CRD hook-up

Miletus Trading, a New York-based agency brokerage, has integrated its algorithmic Strategy Engines and Trade Impact Estimator offerings with the Charles River IMS.

DTCC partners with CLS bank for OTC settlement

The DTCC has selected CLS Bank to provide central settlement of payments for OTC derivatives contracts housed in DTCC Deriv/Serv's Trade Information Warehouse. The collaboration – initially supporting only credit derivatives – will be extended to other…

Netik eyes buy side with Asset Manager launch

Netik, the New York-based provider of data warehouse technology and services, has unveiled Netik Asset Manager, an off-the-shelf application designed to sit on top of its Netik InterView data warehouse.

Sky Road joins with Markit to provide credit market data

CHICAGO – Sky Road, provider of a web-based hedge fund multi-asset trading and risk platform based on Calypso's software, has begun offering derivatives pricing and index and reference data feeds from Markit Group through its system.

Euro funds can learn from US

A recent Reuters and Greenwich Associates report shows that European mutual funds significantly trail their US counterparts when it comes to the consumption and use of pricing and reference data. But as Max Bowie explains, this trend is not likely to…