Buy-Side Technology/Feature

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Pulling together

Wall Street’s bulge-bracket brokers have in recent months encroached on their smaller counterparts by poaching their hedge fund clients. But as Anthony Malakian reports, this isn’t necessarily a bad development as brokers look to work together to...

Maitland stops the clocks

Maitland Fund Services, based in the South African buy-side stronghold of Cape Town, has, according to Nick Baikoff, the firm's head of asset services, altered the clock speed for itself and its clients by developing a real-time front- to back-office...

A rude awakening

Many aspects of buy-side technology and operations have had to grow up fast following the collapse of Lehman Brothers. Collateral management, for many firms a low-priority function entrusted to Excel spreadsheets before the credit crunch, is the stand-out...

The Naked Truth

The 60-day feedback period allocated by the SEC to its proposed changes to the practice of sponsored access is almost up, and by the time this issue hits desks, ‘unfiltered’ access may be a thing of the past. But the real issue here is how brokers...

Many moving parts

The number of compliance issues facing the buy side has little precedent in recent history, just as managers are grappling with shifting market and risk conditions in a post-recession world. The way forward is no less challenging – the obstacle is not...

Natural affinity

For fund managers seeking high-frequency trading capabilities, the standard build-versus-buy proposition is no longer wholly pertinent – and for good reason. The advent of complex event processing technology has provided a third viable option. By...

Operations: the way forward

The last decade has produced a remarkable transformation in the front office - especially from a buy-side perspective - although current trends suggest that operations and risk management will hold the spotlight over the next 10 years. More than ever,...

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...

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

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...

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 applications...

Safety in numbers

One isn’t just the loneliest number – it can also be the most dangerous. The traditional ‘single-prime’ hedge fund model, severely tested at the close of 2008, is a case in point, as hedge funds move towards multiple prime broker relationships....

The 2009 Buy-Side Technology Awards

This year’s awards featured 120 entries across 18 categories from 52 different technology providers. The most popular category was that of best newcomer with 13 entries, while this year’s edition featured eight new winners.

Coming in from the cold

Central clearing has dominated the agenda of credit derivatives dealers this year, even though buy-side firms are yet to gain access to such industry initiatives. But, as Joel Clark reports, this is set to change mid-way through next month if the Operations...

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...

Alone in the dark

For years, as dark pools proliferated in the US and now take hold in Europe, industry sources have speculated that consolidation among these venues was inevitable. The consensus was that upwards of 40 different venues operating in the US couldn’t all...

Made to measure

Gone are the days of buy-side firms implementing broker-developed algorithmictrading tools without the ability to question their underlying assumptions. Perhaps more crucially, the ability to tailor those algorithms to more accurately reflect changing...

Performance precedents

Performance measurement, has in recent years moved into the front office, as buy-side firms look to integrate performance into a single, integrated platform. This move has been accompanied by compressed reporting timeframes and the emergence of risk as...

Dark pools: What lies beneath?

Regulators in the US and Europe are keeping an eye on how dark execution venues operate. Do they need to be more transparent in their operations? Although no concrete proposals have been forthcoming, any regulations are set to have a profound impact on...

Taming the beast

OTC derivatives market participants have known for some time that the days of dealing with nary a regulator in sight were numbered. However, the US Treasury Department recently issued its most concrete regulatory suggestion, even though many of the details...

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...