Buy-Side Technology - 2009-07-01

Slew of regulations to impact asset and hedge fund managers

With efforts to set new regulatory structures in place for the financial services industry underway on multiple fronts, the impact on buy-side firms' technologies and operations will be profound and long-lasting, says a recent TowerGroup report. By …

HedgeOp launches Adviser Platform

HedgeOp Compliance, a New York-based provider of specialised compliance software and consulting services to the asset management industry, has released the ComplianceTrak Adviser platform, a tool designed to help small and mid-size registered investment…

TradingScreen connects to Instinet

New York-based TradingScreen, a provider of multi-broker, multi-asset class execution management systems (EMS), has launched a direct connection to Instinet's CBX ASIA, the real-time displayed ATS (alternative trading system) for Japanese and Hong Kong…

STP traffic hits record levels at MFT

Mutual Fund Technologies, a Kent, UK- based provider of transfer agency software, managed services and consulting services (and a subsidiary of Fidelity International) has reported that it processed its 2.5 millionth SWIFT message and 1.5 millionth EMX…

Omgeo upgrades Alert database

Omgeo has announced enhancements to Omgeo Alert, the firm's web-based global database for the maintenance and communication of standing settlement and account instructions (SSI). The new functionality, known as Omgeo Alert New Markets and Validations,…

SunGard tweaks Fame platform

SunGard has released a new version of its Fame data management product to enable financial institutions and public sector organisations to analyse and back-test tick-level pricing data on an intra-day basis.

Pricing Partners and Reuters pricing alliance

Pricing Partners, the Paris-based independent valuation specialist in OTC derivatives and structured product industries, has announced that its Price-it Excel '09 version can be connected to Reuters 3000 Xtra market data by virtue of a set of Excel…

The TCO conundrum

Implementations can be beset by unforeseen hiccups, which tends to result in inflated budgets and missed deadlines. SmartStream's TLM OnDemand addresses users' total cost of ownership challenges and provides buy-side firms with reduced time to market. …

Pricing Partners taps Datascope for market data

Pricing Partners, the Paris- based derivatives valuations specialist and provider of pricing analytics systems, will use Thomson Reuters DataScope to feed its independent valuation platform. Pricing Partners uses Thomson Reuters' market data to calculate…

Butterfield Fulcrum opens Chicago office

Butterfield Fulcrum, an independent alternative investment administrator, has opened a Chicago office to focus on client relationship management and US business development. Headquartered in Bermuda, Butterfield Fulcrum now has 11 offices in nine…

Macquarie live on Calypso

Macquarie Group Limited is now live on the Calypso trading and risk management platform for loans and deposits, front to back office, and cash management.

LIM Advisors live on Capstone

LIM Advisors, an Asia-based multi-strategy investment group headquartered in Hong Kong with additional offices in Tokyo, Beijing, Connecticut and Mauritius, is live on Capstone, Fidessa LatentZero's front-office suite. According to the London-based buy…

Spotlight on Gil Shaked

EXENET, a New York-based technology services and outsourcing provider targeting hedge funds, wealth managers, and law firms, has tapped Credit Suisse veteran Gil Shaked to succeed Umit Cinali as chief executive. With 25 years' experience in risk…

Texas endowment fund opts for general overhaul

When the time came for Austin-based endowment manager Texas Treasury Safekeeping Trust Company (TTSTC) to revamp its allocation process for alternative investment vehicles, a more robust risk management platform had to be part of the package. But rather…

Mind the gaps by Emily Fraser

If a road or pavement starts to crack, creating a public health and safety hazard, you would hope the local authorities would eventually come along and fix it. Unchecked, such cracks pose a risk of serious injury, particularly to weaker and infirm…

Instinet introduces Newport 3 EMS

Instinet, the New York-based provider of electronic trading and agency-only brokerage services, has launched Newport 3, its third-generation EMS (execution management system). According to Instinet, the platform includes enhancements to performance,…

California hedge fund opts for FundManager

Tamalpais Asset Management, a $160 million San Francisco-based hedge fund focused on global convertible bond strategies, has implemented Linedata Services' FundManager platform for portfolio risk management and to enhance its reporting capabilities. By …

Calculating the real cost of technology

Buy-side firms are under increasing pressure to rationalise their technology infrastructures and staff compliments in an attempt to positively impact the bottom line. One way of doing this is by carrying out a total cost of ownership (TCO) exercise…

Perfect Partners

The hosted services model is not a new phenomenon to the financial services industry. But during these testing times it has become more relevant to buy side firms offering managers the benefits of fixed IT costs, reduced time to market for new…

Warming up to registration by Stewart Eisenhart

What a difference three years, an economic crisis and a new US presidential Administration make. After successfully turning back SEC efforts to require hedge fund registration in 2006 - and keeping the issue from being meaningfully revisited since -…

Rio Tinto selects State Street for investment services

Rio Tinto, the Anglo-Australian mining group, has selected State Street to provide it with investment services for its $8 billion in assets. State Street will provide Rio Tinto with custody, fund accounting, securities lending and investment analytics…

Back to basics

Linedata Services has always been one of the most progressive providers of technology to the buy side in terms of the depth and maturity of its ASP offerings. Linedata's Mike Medley explains how Linedata's hosted services clients - traditionally smaller…

Bravura enhances Garradin with FINCAD's analytics

London-based Bravura Solutions , a global supplier of wealth management applications and professional services, and Vancouver-based FINCAD, a provider of financial analytics, have announced that Bravura will use FINCAD's derivatives analytics solutions…

Growth by design

Odyssey Financial Technologies is a good example of a technology vendor that has grown its business through judicious acquisitions, to the point that now, from a buy-side perspective, it supports a range of mission-critical front-office functions via its…

Fidessa unveils new global analytics platform

Fidessa has launched its new global analytics platform designed to enable users to conduct complex, real-time pre-trade, intra-day and post-trade calculations from multiple data sources. The analytics platform is available through the Fidessa OMS,…

Editor's Letter - Things are not the same

I'm not going to be in New York this year for the annual SIFMA conference/exhibit, and I'm disappointed it'll be the first such get-together I've missed in the past seven years. But I simply couldn't justify the expense and time out of the office to…

Atlantic thriving with SunGard ASP

Atlantic Fund Administration, the Portland, Maine-based third-party administrator with $2.5 billion under management, has realised significant benefits by opting to run its two mission-critical platforms supporting its fund accounting and transfer agency…