Buy-Side Technology - 2009-10-01
Articles in this issue
The price of the position
Anyone who thought they could manage their positions based on individual instrument duration, along with instrument market value-to-fund ratios, has recently learned some harsh lessons. Fixed-income fund managers are looking for new levels of effort to…
Month in Numbers
"The market landscape here is far from mature, and I'm totally expecting that next year there will be more dark pools operating than there are now - possibly significantly more" Rob Boardman, head of European electronic trading at ITG, casts doubt on…
XSP partners with Decillion Group on corporate actions
XSP, the Birmingham, Alabama-based corporate actions software provider, has partnered with Decillion Group, a banking software firm and Swift's official business partner for Australasia, to provide a service-based version of the XSP v5 corporate actions…
Lessons unheeded
"The good news is, I don't really see financial reform happening this year. "So claimed Linda Lord, managing director and head of US legislative and regulatory affairs at UBS, in an unmistakably partisan speech before this year's TradeTech West 2009…
Everything in its right place
What a difference a year makes. The 2008 TradeTech West conference in San Francisco took place just days after the collapse of Lehman Brothers and the heralding of the global credit crisis. Projections of shoestring technology budgets, major overhauls of…
Strategy Lab survey: 41% of investment management industry in the red
A recent SimCorp Strategy Lab survey indicates that as much as 41% of the investment management industry is operating with cost rates at or above 99%.
Connect to control
When AQR Capital Management, the $20 billion quantitative hedge fund and investment manager based in Greenwich, Connecticut, decided to upgrade its trade-matching processes, it had no other vendor than Omgeo in mind; and with Omgeo having developed a…
MFT adds property funds functionality
UBS Mutual Fund Technologies (MFT), the Kent, UK-based transfer agency provider has enhanced the functionality of its global transfer agency platform GFAS to service the €15 trillion property fund market (according to March MIPIM figures).
Spotlight on Devon George-Eghdami
JP Morgan established a new division - the Prime-Custody Solutions Group - when it combined its custody business with the prime brokerage operations acquired when the investment bank took over Bear Stearns. Managing director Devon George-Eghdami, former…
Realising data's potential
In uncertain times, the ability to assimilate data in a meaningful way across the enterprise is a key component of effective investment management. But how can you manage and consolidate the huge volume of data that is available, and more importantly,…
Changing places
Paul Squires, head of trading at AXA Investment Management in London, has witnessed a number of industry changes over the years, but few have been as dramatic as the shift in the balance of power from the sell side to the buy side over the last 18 months…
Chi-Tech adds FTEN tools to platform
Chi-X Global's technology services unit Chi-X Global Technology (Chi-Tech) has partnered with trading and risk software developer FTEN in an effort to beef up the high-frequency execution and risk capabilities of its MarketPrizm electronic trading…
Jericho implements Tradar Insight system
Jericho Capital Asset Management, a New York-based start-up hedge fund manager, has implemented Tradar Insight, an integrated portfolio management and accounting system from London-based hedge fund technology provider Tradar. Jericho installed Tradar…
DekaBank goes live with SunGard's Asset Arena Compliance
Frankfurt-based DekaBank's central asset management arm, with €168 billion under management, has implemented SunGard's Asset Arena Compliance product to provide back-office support for its pre-trade, post-trade and post-NAV compliance requirements. Asset…
LLB Group selects SunGard's Ambit platform
Liechtenstein-based LLB Group has selected SunGard's Ambit Risk & Performance Management platform to support its liquidity risk management and asset/liability management functions. According to SunGard, LLB Group will use Ambit's automated processes to…
DTCC releases historical CDS data
The Depository Trust & Clearing Corporation (DTCC) has enhanced transparency to the global credit default swap (CDS) market by expanding its public release of CDS data in its Trade Information Warehouse to include historical information on those…
New contracts for RBC Dexia
Manulife (Singapore) has selected RBC Dexia Investor Services to handle the fund valuations for 42 investment-linked portfolios and the accounting for more than $1.05 billion in funds under management (consisting primarily of fund of funds structures).
Instinet agrees to acquire TORC Financial
Instinet, the New York-based provider of electronic trading and agency-only brokerage services, has agreed to acquire the business and assets of TORC Financial, a provider of derivatives trading technologies.
Kepler live with SunGard for Euro market connect
Amsterdam-based agency brokerage Kepler Capital Markets, is using SunGard's ASP-based connectivity services to help broaden its market connectivity in Europe. Kepler has added three new gateways to access the public order books of BATS Europe, Nasdaq OMX…
RTS and Fixnetix in low-latency alliance
RTS Realtime Systems Group, the Ravensburg, Germany-based trading systems provider, has teamed up with Fixnetix to provide ultra-low-latency trading tools for the high-frequency trading community accessing European equity and derivatives markets.
Editor's letter - The trickle-down effect
The buy side has changed. Of that there is little doubt. Buy-side firms simply aren't making the returns they were two years ago, which has impacted their profitability by paring their performance and management fees. This new and challenging operating…
Markit and DTCC unveil MarkitSERV
Markit and the Depository Trust & Clearing Corporation (DTCC) have launched MarkitSERV, a new company that combines the two organisations' electronic trade-confirmation and workflow platforms to provide a single gateway for over-the-counter (OTC)…
American Century ditches legacy back-end for SimCorp
American Century Investments, the $78 billion Missouri-based investment and mutual fund manager, has begun implementation of SimCorp Dimension in an effort to enhance the middle- and back-office operations of its institutional business.
