Buy-Side Technology - 2009-11-01
Articles in this issue
Gulfmena selects Asset Arena for AM ops
Gulfmena, an asset manager operating from the Dubai International Financial Centre specialising in the Middle East and North Africa, has selected SunGard's Asset Arena portfolio management platform to help automate its front- to-back-office operations.
Month in Numbers
"A growing trend in the industry involves managers and traders using pre-trade analysis to not only select algorithms but also as part of the portfolio construction process"
How fast is too fast?
Progress Apama's Giles Nelson speaks to Victor Anderson about high-frequency trading In the US markets, and how this practice is currently polarising opinions on both sides of the Atlantic. He also explains how his firm's technology supports these…
Third Rome live with Triple'A Plus
Third Rome, a financial advisor specialising in wealth management services for high-net-worth and ultra-high-net-worth individuals of Russian origin, is in production after a three-month Accenture-managed implementation with Triple'A Plus from Odyssey…
Pricing Partners boosts calibration with Simplex
Pricing Partners, the Paris- based provider of mathematical models and analytics for derivatives and structured products, has implemented Simplex, a new optimisation technique, into its Price-it Library to enhance its calibration power.
Euro market ushers in next-generation trading platforms
The financial services industry is constantly evolving the tools and capabilities to trade greater volumes faster and more efficiently, and just as we witnessed phone-based trading supersede the open outcry model, we are now seeing screen-based trading…
StreamBase unveils order execution strategies for high-frequency trading
StreamBase Systems, the Lexington, MA-based provider of complex event processing (CEP) technology has released a new library of order execution trading strategies supporting high-frequency trading initiatives.
Schroders opts for MoneyMate's hosted data service
Schroders, the UK-based $185 billion asset manager, has contracted Dublin-based data management service provider MoneyMate to host its global network of client-facing websites, to help centralise and validate fund information across its operations.
Kurtosys buys FundWorks in strategic growth move
Kurtosys Systems, the London-based provider of client reporting technology and services to the alternative asset management industry, has acquired FundWorks Global Limited, also a provider of client reporting software, but with a more traditional asset…
Thomson Reuters unveils strategic hosting initiative
Thomson Reuters is set to expand its hosting business by adding a series of performance-tuned data centres to its existing facilities in New York and London. This expansion is in collaboration with Missouri-based Savvis, a provider of outsourced internet…
Charles River opens Beijing office
Burlington, MA-based Charles River Development has opened a regional office in Beijing. The office is located in the Excel Centre in the Financial Street area of Beijing.
SEC shows its hand on dark pool regulation
The US Securities and Exchange Commission has revealed more concrete proposals aimed at increasing transparency within dark liquidity venues, potentially weakening the primary value proposition dark pool providers have brought to capital markets in…
Spotlight on Ben Jackson
With energy and commodities markets facing the prospect of more hands-on regulatory reform in the US, SunGard has merged its Kiodex and Energy businesses into a single unit, with Ben Jackson at the helm. Former chief operating officer at Kiodex, Jackson…
DST Global Solutions launches data management and analytics platform
Surbiton, UK-based DST Global Solutions has unveiled its integrated data management and analytics platform for public pension funds.
TCA plugs into the front office
The rise of TCA data over the past few years has caused some head scratching among investment managers. How to incorporate this data into a broader investment process beyond a means of evaluating execution quality has proven tricky, although progress in…
Schroders live with SimCorp Dimension in Asia Pacific
Schroder Investment Management has completed the implementation of SimCorp Dimension for valuation and settlement functions across four countries within its Asia-Pacific operation.
AXA to offer funds via Calastone
Calastone Limited, the independent cross-border transaction network for the mutual funds industry, has announced that London-based AXA Investment Managers, one of the largest European-based asset managers with approximately €500 billion under management,…
Thomson Reuters unveils Portia v10.0
Thomson Reuters has launched an enhanced version of its Portia investment accounting system. Portia v10.0 includes:
Instinet introduces BLX dark pool
New York-based Instinet, a provider of electronic trading and agency-only brokerage services, has launched BLX, a new algo-friendly dark pool for US equities that it claims 'builds' block trades by combining the liquidity aggregation benefits of point-in…
StatPro Group enhances CAP offering
StatPro Group, the Wimbledon, UK-based provider of portfolio analytics and data solutions for the global asset management industry, has made two enhancements to its system for pricing complex financial assets: T+0 pricing for credit default swaps has…
Buy-side views mixed on tech budgeting for 2010
Traditional asset managers and hedge funds indicate cautiously optimistic outlooks for 2010, according to a new survey by Aite Group. But those attitudes won't necessarily translate into greater investments in technology. Even though the worst of the…
Social networking site targets niche fund managers
Hedgehogs.net, a social application platform formed by HSBC veterans Ken Yeadon and Mike Powell, reports that it has attracted more than 1500 users since its beta-launch earlier this year. The site targets boutique and niche hedge fund and investment…
StreamBase adds algorithmic tools to CEP offering
In an bid to extend customisable trading capabilities to its buy-side and broker clients, complex event processing (CEP) technology developer StreamBase Systems has rolled out a new set of algorithmic execution strategies that users can tailor to…
Prescient signs ASP contract with Eagle
Prescient Investment Management, a Cape Town-based independent quantitative investment manager with approximately $8 billion under management, has selected Eagle Investment Systems to deliver its integrated investment management suite via its application…
ITG brings Raider Algo to Europe
New York-based Investment Technology Group has introduced Raider, a new algorithm to its existing ITG algorithms suite.
Editor's Letter - We're doing very nicely, thank you
I was at a presentation fairly recently where a research company claimed that there would be a significant contraction in the number of third-party technology vendors as a result of (among other things) buy-side firms reducing their third-party…
