Buy-Side Technology - 2007-05-01

In search of the perfect hybrid

There has been significant consolidation in the transfer agency space in the last few years, to the point where a handful of providers now account for the bulk of the global buy-side industry. But as David White explains, not all transfer agents are…

Month in Numbers

'Throwing spaghetti on the wall and seeing what sticks won't let you control the risk associated with the execution'

GL Trade's new Reg NMS service

GL Trade, the Paris-based trading technology and service provider, is set to unveil a number of new features for its order management system (OMS) and new applications designed to address Regulation NMS issues in the US markets.

Convergence and consolidation the keys for IT spending

In a recent report, CarbonBased Consulting predicts a continued growth in global spending on IT and services, with the buy side leading the way with a 21% increase this year. But as Victor Anderson reports, firms will be looking to increase allocations…

Spotlight on Michael Green

Michael Green, recently installed head of ITG’s European operations, speaks with Stewart Eisenhart about what to expect from the vendor in the coming months as ITG looks to expand its footprint in the European buy-side market

Smoke and mirrors

It's time to revisit the perennial challenge of hedge fund valuation practices. Investors may now be asking more pertinent and accurate questions by way of due diligence studies regarding how managers price their portfolio holdings, although many funds…

History repeating itself

Augustus Asset Managers, the London-based hedge fund manager, was spawned after a management buy-out of Julius Baer Investments in January this year. Victor Anderson speaks with Sonal Amin, head of information systems at Augustus, about the changes she…

A shift in the balance of power

Hedge funds, especially start-ups, operate at a huge disadvantage. Compared with larger, better established asset managers, small hedge funds do not have access to the appropriate tools to manage their trading operations. This is because, as a start-up,…

Complexity driving automation

The global investment management industry is continually evolving in terms of sophistication and the complexity of instruments traded by buy-side firms. This, in turn, is driving the development of back-office technologies designed to process these…

Made to morph

Like a growing number of technologies and services offered by the independent software vendor community, Xenomorph's origins can be traced back to the sell side, where applications were developed in response to acute business needs. But since its…

Transaction cost analysis – Joel Clark reports that currently only equities are meaningfully supported by the handful of technology vendors active in this space, although TCA support for fixed-income instruments is just around the corner.

Buy-side traders are increasingly asking their employers to make new investments in applications designed to measure transaction cost analysis (TCA). The technology has made big advances in recent years, driven by the global demand for proof of best…

Trends out of TradeTech

TradeTech, one of the best-attended annual technology gatherings of the year, set out to address a number of current buy-side issues – dark liquidity, best execution, algorithmic trading, transaction cost analysis, Mifid, and the underlying technologies…

You couldn't make this up

Heard the one about the hedge fund doing its Monte Carlo simulations on 300 PlayStation 2s bolted together? No? That's not surprising – they closed their doors for business last week and handed back whatever was left of their investors' capital. Actually…

Fidessa bags LatentZero for £63 million

London-based sell-side vendor Fidessa, formerly known as royalblue, has pulled off something of a coup by acquiring one of the leading lights in the asset management technology space, front-office soft-ware vendor, LatentZero. The deal is reported to be…

Olympia takes Advent Geneva for automated administration

The Olympia Capital Companies, a hedge fund administration service provider with more than $50 billion under administration, has implemented Advent Software's Geneva accounting system and Partner investor servicing platform to automate operations…