Buy-Side Technology - 2007-12-01

TCA products crowd the market in the wake of Mifid

When Mifid came into force at the beginning of last month, two of the largest service providers in the industry unveiled transaction cost analysis (TCA) products to assist firms in meeting the directive's requirements for best execution.

The end of an illusion

It's getting ugly out there. That's hardly surprising news, but still arguably shocking. The Great Credit Crunch of 2007 has now officially expanded beyond the first wave of casualties - hedge funds over-exposed to shadily structured mortgage-backed…

A fragmented future

The introduction of multi-lateral trading facilities, crossing networks and electronic communication networks are starting to hurt Europe's well-established exchanges. This phenomenon is likely to become somewhat more acute with the recent introduction…

Quality surveyor

Simon Stratford arrived at London-based buy-side consultancy Investit just over a year ago after a lengthy tenure at Henderson Global Investors. In his short time at the consultancy he has taken the reins of the IT Value Survey, tweaked certain aspects…

Forex algorithms gaining traction among hedge funds

Hedge fund participants in global foreign exchange markets are utilising algorithmic strategies more frequently in order to realise alpha opportunities and reduce latencies, according to a new white paper by forex electronic trading technology developer…

Quantifying value in a qualitative world Assessing the true value that asset management firms derive from their IT investments is usually a subjective - and hence contentious - exercise. But that doesn't mean it cannot be done, and done accurately and ob

Despite the proliferation of electronic and self-directed trading tools across the investment management universe, a new industry report shows that issues such as increasing market volatility, changing commission arrangements, and fragmented liquidity…

Spotlight on Andrew Howieson

The Tabb Group has set up camp in Europe, and has tapped Andrew Howieson to lead the effort. Howieson, who spent 13 years as an executive at State Street, discusses his erstwhile initiatives at that firm automating investment operations and services, as…

Reliance on brokers for equity trading on the rise

Despite the proliferation of electronic and self-directed trading tools across the investment management universe, a new industry report shows that issues such as increasing market volatility, changing commission arrangements, and fragmented liquidity…

The year of hedging dangerously

As the calendar winds down, I don't know whether it's more reassuring to look ahead or to look back. This was a rough year. While not entirely an annus horribilis , it was one that traders, IT staffers and industry observers will remember for the…

Editor's letter: The link between Van Gogh and CDOs

The notion of spending large fortunes, equivalent to the GDP of a small African country, on a Van Gogh painting, is frankly, absurd. The intrinsic value of a Van Gogh - Sunflowers, Irises, The Starry Night or otherwise - is only a few dollars. Paintings…