Buy-Side Technology - 2008-02-01

Credit where it's due By Stewart Eisenhart

I'm a little late to the annual game of 'Top 10 (or five) trends for the year ahead', but there's no time like the present. Now that broad indicators of how 2008 will shape up for the financial services industry and for global economies in general have…

S&P rolls out CreditStats Direct

Standard & Poor's last month launched CreditStats Direct, a new web-based analytics service that provides data and tools to view the adjustments underlying S&P's ratings of debt issued by North American and European corporates and utilities.

Exceeding expectations

Performance reports on the buy side are hardly worth the paper they are printed on, unless of course, they are fully GIPS-compliant. Performa is one of a select handful of vendors operating in this space, proving that, in an industry increasingly…

CRD announces EMS, enhances architecture and derivatives support

Charles River's IMS is something of a household name on the buy side, combining order management, compliance, and various analytics functions within a single, front-office platform. Now, the Burlington-MA-based vendor is preparing to enter the EMS market…

Big interview: Talking shortt

It is no secret that a number of the sharpest business and IT minds in the financial services industry are firmly ensconced within top-tier investment banks. It follows, therefore, that some of the industry’s most advanced trading and risk management…

Gissing taps into the buy side with Malbec

Gissing Software, the Kent, UK-based specialist in the routing and transformation of real-time market and trade data, has won its first buy-side client as part of a new strategy to go beyond its traditional sell-side client base.

Administrator takes SuperDerivatives for derivatives pricing

Columbus Avenue Consulting, a New York-based hedge fund administrator with $6.5 billion under administration, has deployed SuperDerivatives' SD-CD credit derivatives pricing and analytics application for more efficient valuations of its clients'…

Liquidity sourcing tops buy-side business drivers for 2008

The need to capture liquidity sources across fragmented markets will clearly dominate investment managers' operational, strategic, and technology initiatives in the coming year. But along with that objective come issues of having to deal with more…

Banks take shares in Chi-X as volumes soar

Global agency broker Instinet announced last month that a consortium of 13 firms had taken an undisclosed minority holding in Chi-X Europe, the operator of Europe's first pan-European equity multi-lateral trading facility (MTF). Instinet will remain the…

Markit steams ahead with Boat acquisition

UK-based data vendor Markit has entered into an agreement to acquire pre- and post-trade data publication utility Boat from the nine-bank consortium that owns it. Neither party are disclosing details of the transaction at this stage, although the new…

VWAP your time is up

With the advent of liquidity fragmentation and the expanding use of cross-asset trading, the global capital markets are undergoing a period of great change. As with the Big Bang of 1986, this change is significant, and will require those who operate in…

A river runs through it

Getting buy-side user-firms to agree to talk about their use of technology and how it enables their business is notoriously difficult, which is why we jumped at the opportunity to speak with three Charles River clients - ING Investment Management,…

This Month In Numbers

'What they do is calculate their exposure to a single name, Daimler Chrysler, for example, across all 20 deals. You need tools for that, but unfortunately a lot of banks just sell you a deal and give you monthly updates on your risk'

Spotlight on Jeffrey Axelrod

Is there money to be made targeting the fund of hedge funds industry as a distinct technology market? Jeffrey Axelrod, co-founder and newly appointed chief executive of middle- and back-office application developer Cogency Software, thinks so. He talks…

The hedge vote By Phil Albinus

This is payday for political junkies in the US - we've seen some mildly acrimonious attack ads, fresh faces, candidates who can make history, and others who are clearly deluded if they think they have a chance of getting anywhere near the Oval Office…

Indian wealth management sector set for rapid growth

As India's economy continues its rapid expansion driving up individual income levels, wealth management providers in the country are poised for substantial growth. Once firms begin taking on additional clients, though, they'll require more advanced…

DTCC and CLS unveil OTC settlement scheme

The Depository Trust & Clearing Corporation (DTCC) and New York-based CLS Bank have jointly launched a central settlement service for over-the-counter (OTC) derivatives.

Editor’s Letter: What don't you want?

My introduction to the internet came relatively late. It was the beginning of 1996 and I was teaching at an independent school in the Natal Midlands of South Africa. Seriously.