Buy-Side Technology - 2010-01-01

Adapt or die

Smart order routing is not a new phenomenon for buy- and sell-side organisations, but the tools that let firms route trades according to their own specific criteria have evolved significantly over the last two years. Gone are the days when these…

RiskMetrics enters performance and attribution market

RiskMetrics Group, the New York-based provider of risk-management and corporate-governance services to the financial services industry, has added PerformanceManager, a set of integrated investment performance measurement and attribution tools, to its…

Valuation vendor market to expand through 2012

A new Aite Group report anticipates that the pricing and valuation services industry will grow to $2.9 billion by the end of 2012, reflecting pressure from regulators and investors on buy-side managers and their custodians to improve these functions…

Another bulge-bracket client down south for Charles River

Public Investment Corporation (PIC), the wholly-owned investment management arm of the South African government founded in April 2005, and one of the largest fixed-income and money market investment managers in Africa with approximately $100 billion…

Concept Capital unveils SAS-powered hedge fund portal

Manhattan-based institutional broker Concept Capital has, through an alliance with software vendor SAS, launched a suite of analytics that will provide integrated, multi-custodial risk and performance reporting to investment managers, family offices and…

Fidessa tweaks program trading functionality of EMS Workstation

Fidessa, the London-based provider of multi-asset class trading, portfolio analysis, compliance, market data, and connectivity services for buy- and sell-side firms, has enhanced the program trading functionality of its EMS Workstation. The new (already…

Bottom-up reform

What little difference a year makes. Twelve months ago, financial services participants, observers and press - including yours truly - were anticipating major regulatory overhauls and new oversight of the industry following Barack Obama's election and…

Spotlight on Greg Conley

No stranger to the role of chief executive, Greg Conley has taken the reins at Swiss front- and middle-office technology developer Odyssey Financial Technologies. This will be his fourth chief executive post, having previously headed-up Verio, Tanning…

Dabbling in the dark

Dark pools started to appear as early as a decade ago in the US market, but it has only been over the course of the last two years that they have attracted sufficient liquidity – perhaps as much as 12% of US equity orders and 4% in Europe – to make them…

MSIM outsources to State Street

Morgan Stanley Investment Management (MSIM) has signed a deal with State Street Corporation that will see State Street provide MSIM with outsourced investment manager operations services for approximately $300 billion in assets. State Street will provide…

Butterfield Fulcrum partners with MindTree

Butterfield Fulcrum, an independent alternative fund administrator, has partnered with global IT firm MindTree to deliver new products to the alternative fund administration industry. The most recent step in this alliance is Butterfield Fulcrum's…

Month in Numbers

"The Commission will be seeking views on applying position limits consistently across all markets and participants, including index traders and managers of exchange-traded funds; whether such limits would enhance market integrity and efficiency; whether…

Speculators in the crosshairs

The Commodity Futures Trading Commission (CFTC) is considering implementing position limits for buy-side players trading energy products, potentially restricting the number of positions traders can take on futures exchanges. Stewart Eisenhart reports

Parametric selects Fidessa LatentZero's Minerva OEMS

Parametric Portfolio Associates, a Seattle-based registered investment adviser, has selected the Minerva order and execution management system (OEMS) from Fidessa LatentZero to manage $30 billion in assets across more than 16,000 separately-managed…

Editor's Letter - Bigging-up the back office

From a buy-side perspective, the front office has traditionally been where all the sexy action takes place. And rightly so. It's the area of the business directly responsible for performance. Come to think of it, the front office is a bit like the engine…