Buy-Side Technology - 2008-07-03
Articles in this issue
Seeing the wood for the trees
The nuances between Software-as-a-Service (SaaS) and Application Service Provision are often misunderstood, although, perhaps not altogether ignored. But while the variations between the two may not be of utmost importance to the buy-side firm accessing…
Don't sell your alpha, capture it
Selling plays a fundamental role in every fund management operation, although, as Michael Ervolini explains, analysing how fund managers actually arrive at their sell decisions reveals that this process is anything but conscious and disciplined
Markit announces new RED licences for the buy side
Markit has announced the availability of the Markit Reference Entity Database (RED), aimed at smaller buy-side firms.
Bank of Ireland licenses SunGard Asset Arena
Bank of Ireland Securities Services (BoISS), a Dublin-based fund administrator and custodian, has transferred its funds onto SunGard's Asset Arena accounting platform.
Augustus takes CMA's CDS data for risk management
Augustus Asset Managers has integrated end-of-day credit default swap data from credit and derivatives pricing vendor Credit Market Analysis into its Derivation risk management system.
GoldenSource unveils EDM version 8
GoldenSource has launched version 8 of the GoldenSource EDM (enterprise data management) platform. Enhancements include a set of pre-configured connections to content providers, and three data quality improvements providing:
Eagle debuts Version 9.0
Eagle Investment Systems, has launched Eagle Version 9.0, an upgrade of its data management, investment accounting, and performance measurement suite.
Month in Numbers
"Clearly we don't use carrier pigeons - the point I was trying to make is that the industry is still very much transfixed by the 'Henry Ford' approach to technology, which allows you to do things faster. But that's not necessarily how you make money"
The more prime broker relationships, the better
Large and mid-tier hedge funds have been trimming the numbers of their prime broker relationships over the past two years, eliminating redundancies and gaining operational efficiencies. But that may change in the wake of the Bear Stearns collapse and…
BNY ConvergEx Group rolls out buy-side dark pool service
BNY ConvergEx Group, the agency brokerage and technology provider, has launched a new execution service, the Dark Desk, through which the firm's traders can more efficiently execute orders on behalf of buy-side and hedge fund clients across dark venues.
Eskom signs for SunGard's AvantGard
Eskom, the South African parastatal and the country's primary electricity supplier producing approximately 95% of South Africa's electricity, has selected SunGard's AvantGard platform for treasury management.
RiverCross ATS selects SunGard's Brass to power dark pool
RiverCross ATS has selected SunGard's Brass infrastructure to host its dark pool servicing sell-side providers. The connection to RiverCross will allow SunGard Brass clients direct connectivity to its dark pool and the option of executing orders before…
Cloud computing with a silver lining
Simon Hazlitt, one of the co-founders of Majedie Asset Management, is justifiably proud of his fund's technology architecture, even though none of it resides within the London-based asset manager's walls. He speaks with Victor Anderson about Majedie's…
Fly to comply
The increased flow of institutional capital and mandates to the buy side means that compliance and risk management considerations have never been more crucial for buy-side firms, especially for those alternative managers that until recently have led a…
Suicide is painless - but what about usury? By Stewart Eisenhart
What do you do as an industry if you find yourself incessantly hounded by investors, analysts, and (to varying degrees) regulators to provide more transparency into your processes and operations in the wake of pricing debacles, a credit market collapse,…
Spotlight on Steven Richard
After holding management positions at Spectrum Global Fund Administration and Harris Insight Funds, Steven Richard has taken the reigns as managing director at hedge fund technology and service provider Gravitas Technology's new business cons-ultancy…
Nyfix unveils high-performance Appia FIX engine
Nyfix has released Appia v5, the latest version of its FIX engine. According to the New York-based vendor, features of Appia v5 include:
Risk tech enjoys a mini boom By Emily Fraser
Financial firms caught with their trousers down in the wake of the subprime mortgage meltdown continue to spend significant amounts of money on technology. According to a recent poll conducted by IBM and the Securities Industry and Financial Markets…
DekaBank fully compliant...after a seven-year wait
DekaBank, one of Germany's largest asset management firms, has completed the full implementation of SunGard's pre-trade compliance module after a seven-year wait.
White paper calls for greater fund pricing transparency
Hedge funds' pricing and valuation methodologies never seem far from the spotlight these days as the industry contemplates ongoing calls for greater levels of disclosure and transparency. However, as Stewart Eisenhart reports, calling for reforms and the…
Markit completes SwapsWire acquisition
Markit, has completed the acquisition of SwapsWire, the electronic trade confirmation network for the OTC derivative markets. Markit expects to complete the full integration of the firm some time this month (July). The integrated Markit Trade Processing …
Study highlights Euro trading inefficiencies
Oxera, the Oxford, UK-based economic consultancy has, in conjunction with Omgeo, released the results of its research into the current status regarding the automation of trade processing in the European markets.
Editor's letter - Please tell me when it's all over
Switching on the TV in the evening has become more than a little scary. Last night on CNBC a Wall Street analyst succinctly illustrated the escalating energy predicament facing the West:
