Buy-Side Technology/Feature

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 applications,...

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 imperfections

Allocating a definitive and transparent price to an asset for which no active market exists is a process mired in complexity and controversy. David Patrikarakos investigates the new generation of valuation models to address the pricing and valuations...

Risk in progress

For years, the notion of real-time risk management to better inform buy-side traders prior to making executions has proven elusive. And now that lessons learned from the ongoing global financial crisis continue to mount, the value of real-time pre-trade...

Great expectations

Institutional investors are driving the buy side in terms of the adoption of best practices and the technology that underpins such initiatives. Nowhere is this more apparent than in the client reporting realm where institutional players have come to expect...

Dark diligence

“Who do you trust?” As that question gains pertinence among buy-side managers, aspects of their relationships with broker-dealers have come under scrutiny. In the midst of sell-side upheavals and ongoing volatility, buy-side traders might presume...

Going wholly hosted

MFC Global Investment Management, the investment management arm of Canadian financial services firm Manulife Financial Corporation, recently faced a challenge familiar to many buy-side managers with global infrastructures: moving operations scattered...

Baptism of fire

Counterparty risk has historically been an issue mostly for sell-side institutions to address, but the collapse of Lehman Brothers laid that notion to rest. Now, investment managers have had to get up to speed on what risks their counterparty exposures...

Compliance 2009: Who's pulling the strings?

Compliance, like risk management, has traditionally been seen as a business process that curtails portfolio managers’ ability to generate returns. But this has changed to the point that now managers see compliance as a way of winning mandates. By Victor...

A product of participation

One of the greatest challenges facing South African financial institutions relates to the cost of their technology, especially when it comes to buying applications from foreign vendors by virtue of the weak rand compared to the dollar and sterling. But...

Fund managers gear up down south

The South African investment management industry is small compared with those of the US East Coast and Western Europe. But as Victor Anderson reports, a small industry does not necessarily imply an unsophisticated one.

Long-distance infrastructure

For New York-based global hedge fund and investment firm Marathon Asset Management, best-of-breed and off-the-shelf became mutually exclusive concepts early in its development. After identifying a number of crucial advantages in developing proprietary...

Registration redux

For months now, hedge fund industry participants have anticipated greater regulatoryinvolvement by the US government. But while no concrete regulatory requirement yet exists for hedge funds, proposed rules pushing for hedge fund registration under the...

Cloudy concept, clear gains

In an industry beset by acronyms, ‘cloud computing’ has become the latest buzzword and it is yet to be fully understood, let alone implemented, across the buy side. The term means different things to different firms, but it varies subtly to the ASP...

There will be risk

Energy and commodities markets provided no safe haven for buy-side firms last year. Abysmal performances combined with higher margins and mounting investor redemptions could be chalked up to the fact that 2008 punished the financial industry indiscriminately,...

2009: the year of doing more with less

For asset management firms of all shapes and sizes, fresh technology investment is unlikely this year and existing infrastructures will have to be extended to support new business opportunities. But as Joel Clark reports, doing more with less could have...

Fanning the flames

Recent short-selling restrictions introduced by the SEC have seemingly realised hedge fund managers’ worst fears: heavy-handed regulation making little distinction between legitimate and below-board investment tactics, coinciding with the most challenging...

Analysis paralysis

A midst the volatility that has now become the norm in the financial markets, it may seem that the more information available to traders the better. But when it comes to transaction cost analysis, caution needs to be exercised - traders must assess how...

And the winners are...

After much deliberation Buy-Side Technology has announced the winners of this year’s buy-side technology awards; this year’s ceremony was held at the Lanesborough in London and featured 95 entries across 18 categories with a mix of last year’s recipients...

Curse of the Black Swan

Black swan events are few and far between, but when they do occur they are generally memorable occasions. This is precisely what happened during Black Week – from Monday 6 to Friday 11 October – as Asian investors triggered a sell-off that saw the...

Blazing a trail

Since its inception, algorithmic trading has been powered by complex event processing (CEP) technology, designed to allow trading engines to make snap decisions on the basis of streaming data and market events. But although CEP is often perceived as the...

A moving target

Among the myriad bogeymen haunting buy-side institutions in the current nightmarish financial market, the negative effects of trade latency have received a lot of press in terms of lost basis points, market impact, and failed best execution mandates....