Buy-Side Technology - 2008-10-01

Canadian advisor live on LongView ASP

Montreal-based Sectoral Asset Management, a $3.7 billion investment advisor focused on the healthcare and biotechnology industries, has implemented the hosted version of Linedata Service's LongView Trading order management system to better integrate its…

Fidelity prime brokerage takes Advent Geneva

Fidelity Prime Services , the prime brokerage unit of Fidelity Capital Markets Services, has implemented Advent's Geneva portfolio management and accounting platform to provide real-time, customised data and reporting services to its investment…

As Rome burns

Stewart Eisenhart was in San Francisco midway through last month to attend this year's TradeTechWest conference. He reports that, while the current financial crisis in the US offered attendees and panellists the perfect opportunity to cry off, the no…

A moving target

Among the myriad bogeymen haunting buy-side institutions in the current nightmarish financial market, the negative effects of trade latency have received a lot of press in terms of lost basis points, market impact, and failed best execution mandates. As…

Collateral management technology gains buy-side traction

The substantial growth of over-the-counter derivatives trading by traditional asset managers and hedge funds has driven up the use of collateral instruments, providing collateral management technology vendors with an opening to gain more buy-side…

Omgeo acquires Allustra for collateral management

Post-trade operations provider Omgeo has acquired Allustra, a small London-based provider of collateral management software. The acquisition, the financial details of which have not been disclosed, is part of Omgeo's strategy to broaden its reach beyond…

Short-sighted

It took a seismic shake-up of the US financial services industry and a veritable collapse of the independent investment banking sector in particular, but it seems the Securities and Exchange Commission (SEC) has suddenly - perhaps awkwardly -…

Keeping mum

Excuse me for a moment: I'm going to talk politics. But I promise to be brief. By Emily Fraser

New York puts on a brave face at Best Ex 2008

With the current turmoil and uncertainty permeating most facets of the US economy, one would be forgiven for assuming that buy- and sell-side practitioners would have been too fixated on their Bloomberg terminals to attend a one-day conference. But as …

An acquisition of note

Acquisitions in the financial technology space are a common occurrence, but when Linedata Services pulled off something of a coup in late 2005 by its acquisition of Beauchamp Financial Technology (BFT), the industry took note. Since then, Beauchamp…

Merlin launches short reporting tool for fund clients

Merlin Securities, a prime broker and technology developer with offices in New York and San Francisco, has rolled out new functions on its reporting platforms for clients to address new SEC emergency rules requiring managers to disclose their short…

Spotlight on Ian Mainwaring

As alternative investment instruments become more widely used by mainstream investment managers, buy-side consultancy Citisoft has tapped Ian Mainwaring to head its alternative investment practice in the UK. He discusses how the practice will support the…

Storm clouds gather at Sibos

Following the most dramatic weekend in the financial markets in recent history, last month's Sibos conference in Vienna gave delegates the opportunity to discuss the impact that the ongoing credit crisis might have on their businesses. But as Joel Clark…

Neonet offers trading access to BATS Europe

Stockholm-based Neonet, a provider of neutral, DMA brokerage services and trading technology, is set to offer access to BATS Europe. Neonet already offers trading at BATS US and will offer access to BATS' European Markets division for its buy- and sell…

Analysts: IT spending to drop in the wake of market turmoil

According to two recent analyst reports published during September, IT spending is set to fall across the securities industry in the wake of the credit crisis and the collapse of major banks and mortgage lenders, although this cut in spending is likely…