Buy-Side Technology - 2008-04-01

No good deed

Wall Street had a true roller coaster week in early March but not in terms of trading volumes or record profits. It was a thrill ride in terms of emotions, headlines, and hubris.

OTC derivatives still main challenge

According to recent research carried out by UK-based buy-side consultancy Morse, OTC derivatives and structured products are expected to present the most acute challenges facing UK-based buy-side firms over the next six months. The fortnight-long survey …

The bonny buy side

Edinburgh is home to a number of the largest asset management firms in the UK, where the focus on trading and technology is just as strong as in the larger financial centres. Joel Clark recently spent two days in the city and found a closely knit…

Markit unveils multi-bank valuations service

Markit, the global provider of OTC derivatives trade processing and pricing services, has revealed plans to launch Markit Valuations Manager, a bank-backed cross-asset valuations platform which will aggregate valuations of multiple dealers for the…

A sense of Unity

Confluence is something of a veteran in the fund administration industry, having been founded in theearly 1990s. But it was the 2007 launch of Unity – the fi rm’s unifi ed data management platform for thefund administration industry – that has provided…

Swiss fund manager live on Imagine platform

Global Macro Investments (GMI), a Zürich-based hedge fund manager running inflation-linked and global macro funds, has implemented Imagine Software's Derivatives.com ASP platform for integrated portfolio and risk management capabilities.

Australian property manager to install DSTi HiPortfolio

Becton Investment Management, a Melbourne-based fund manager and subsidiary of Australian property developer Becton Property Group, is rolling out DST International's unit pricing platform. Becton has more than $2 billion under management, accounting for…

Coastal move

Roger Hartley made the move from Putnam Lovell to Coast Asset Management some three months ago, landing the fund's chief operating officer role. He talks to Victor Anderson about his reasons for his sell-side- to buy-side move, the benefits of working…

Coming around again

The spectre of greater hedge fund oversight by financial regulators has seemed more or less dormant for several months now as Wall Street meltdowns become more and more spectacular. But even though the US Federal Reserve and other government agencies…

Perfecting the lean and mean approach

Quintillion, a fifteen-month old fund administrator, had some tough technology decisions to make in order to keep the organisation as lean and mean as possible, while simultaneously providing its clients with the types of services typically enjoyed by…

More off-book liquidity launched for Eurozone

Nyfix has announced the launch of Euro Millennium, a neutral dark liquidity pool for pan-European-listed cash equities. Currently, however, Euro Millennium only matches UK-listed equities, although according to Chris Smith, director of Nyfix…

The single, integrated front-office suite: Still a pipedream?

Early last month Buy-Side Technology hosted a roundtable in New York on single, integrated front-office platforms for the buy side. On the agenda were issues including the feasibility of such platforms and when the market is likely to see their…

Spotlight on Mark Froese

Sky Road, the Illinois-based financial technology developer that first made a name for itself by rolling out an ASP version of Calypso Technology's trading and risk platform in 2006, has now launched its own pre-trade analytics and research application,…

Turquoise ready to ruffle feathers

Turquoise, the pan-European share trading platform gearing up to launch later this year, is aiming to open up the European exchange market that, in Turquoise's view, has to date been the province of quasi-monopolies that pass on overly high costs to end…

Jack of all trades

There is little doubt that large numbers of traditional asset managers and hedge funds have made the move to multi-asset trading in a near- or real-time environment but as Harrell Smith argues, not all supporting technologies were created equal

Wealth manager automates client billing with Advent Revenue Center

Parsec Financial Management, an Asheville, NC-based wealth management firm with more than $900 million under management, is live on Advent Software's client billing and revenue management system, Advent Revenue Center, to reduce reliance on manual back…

Fund accounting system spend to hit $500 million by 2012

The market for hedge fund portfolio accounting systems will grow from $394.4 million this year to a shade under $500 million in 2012 as managers seek to meet evolving regulatory requirements and develop more automated processes to handle derivatives and…

Consumers' perceptions and all that

Consumers' perceptions are their realities. That's one of the only marketing concepts I can recall from the marketing and management course I attended back in late nineties (notice how I refrained from using the word 'completed' in the context of that…

CMA cashes out to CME Group

In a significant deal for the buy side, CME Group announced late last month that it had acquired Credit Market Analysis (CMA), a London-based technology vendor which provides credit derivatives market data exclusively to asset managers and hedge funds.