Articles by Timothy Bourgaize Murray
Trading Technologies Connects to Nasdaq OMX's NLX
The new link to Nasdaq's London-based derivatives market will allow TT's clients to trade in short- and long-term interest rate futures products denominated in either sterling or euro.
Goldman Sachs Eyes Internal Messaging Services
After the discovery that Bloomberg's reporting staff were monitoring information from terminals—including JPMorgan's $6 billion “London Whale” trading debacle last year—Goldman Sachs is reportedly considering reduced reliance on the ubiquitous market…
IPC Launches Open App Development Portal
Trading communications provider IPC has launched an Affinity Partner Program (APP) for both customers and external providers to develop trading applications on its Unigy Blue Wave platform.
RWE Supply & Trading Taps Sapient
The technology consultancy is tasked with overseeing broad transformation of the German energy specialist's trading and risk management platforms.
Client Service, Regulation Equal as Data Management Priorities, Survey Finds
A new survey from buy-side specialist provider MoneyMate found that almost an equal number of firms are building data capacity to handle client needs as are looking to comply with regulations.
Hedge Funds Tap Shared Services Ahead of Swaps Futurization
At Markit's annual user conference this week, buy-side executives explained how testing the clearing waters as early as 2011, and leaning on external providers, have helped them through a period of upheaval and occasional late night surprises.
Eqecat Signs Fermat Capital Management
The catastrophe modeling software vendor will provide Fermat, a $4.3 billion asset manager and specialist in insurance-linked securities (ILS), its RQE version 13 platform.
Nordea Implements SimCorp's Broker Strategy Function
Nordea's Investment Management arm, which executes with an array of ten brokers, has streamlined its trading operations with the new tool, part of SimCorp's Dimension order management solution.
Deutsche Börse Combines Market Data, Tech Arms
The exchange operator's new Market Data + Services segment, headed by managing director Holger Wohlenberg, will bring together its external technology, connectivity, market data, and analytics offerings.
Expanding Structured Finance Footprint, Markit Adds CLO Tranche Pricing
Market data provider Markit will now offer evaluated prices for 5,000 investment-grade collateralized loan obligation (CLO) tranches, rated BBB or better, covering around two-thirds of the overall market.
Iyer Joins iLevel
Software product management and marketing veteran Ganesh Iyer joins the Blackstone spin-off after three years at trading communications provider IPC.
Private Equity Players Launch Data Alliance with AltExchange
The new group's aim is to develop an open-standard, three-tiered, XML-based format as well as a new validation platform for private equity, with initial technology backing provided by a mainstay provider in the space, eFront.
Pershing's NetX360 Available on Surface Pro
The broker-dealer and advisor solutions arm of BNY Mellon has augmented its NetX360 advisor platform to run on Microsoft's Surface Pro tablets via the Windows 8 Pro operating system.
Pine River's Rapid Current: CTO David Kelly
Expanding on famously effective relative-value strategies in fixed income and mortgage arbitrage, and operating with a fully global footprint, Minnesota’s Pine River Capital had an eye for a technologist who knows buy-side products, prime brokerage, and…
Bonaire's Revport Makes Sell-Side Splash
Boston-based fee tracking and reconciliation software provider Bonaire, which historically targets buy-side managers, has beefed up its recent foray into vendor agreement optimization for capital markets.
TradingScreen Clears CFTC's FX Mid-Point Pricing Hurdle
The regulation, going into effect on May 1st, requires firms to display mid-point prices for foreign exchange (FX) pre-spot, forward outrights, non-deliverable forwards, and swap trades.
Latency Hardware: Threading the Needle
From proprietary field-programmable gate arrays (FPGAs) to flexible kill switches, North American Trading Architecture Summit panelists say good strategy always fits the right hardware to purpose.
IndusInd Bank Selects Calypso
The Indian private bank, based in Mumbai, says it will use Calypso's cross-asset solution to ramp up treasury activities, offer new derivatives, and monitor risk limits as it expands its client base.
Citi's Monaghan: PAI a Challenge; SEFs Will Route, Not Match
Neil Monaghan, Citi's global head of strategic business initiatives for over-the-counter (OTC) clearing told a North American Trading Architecture Summit audience that everything you thought you knew about post-trade technology is, in the newly cleared…
Broadway Technology Takes Up Trad-X
The trading solutions provider says it has added Tradition's global hybrid platform for US rate swaps, deepening liquidity across its offering of aggregated order books.
Eka Software Acquires EnCompass
The commodities trading software provider, based in Bangalore, India, says the move will help it provide comprehensive energy trading and risk management (ETRM) support.
Pershing Upgrades CRM with Redtail
Pershing, the broker-dealer and advisor solutions arm of BNY Mellon, will integrate Redtail's real-time client relationship management solution into its NetX360 platform, furthering an ongoing collaboration between the software provider and custodial…
As Clientele Grow, LatAm Wealth Managers See Tech Chasing Behind
Ernst & Young’s second survey of wealth managers found that firms in the region are far more likely to use proprietary solutions and a pooled organizational approach than their counterparts—even, in some cases, within the same global firm—to the North. A…