Articles by Timothy Bourgaize Murray
BA Pension Fund Flying with BNY
The two pension schemes of British Airways, with a combined value of approximately $26 billion, have taken OTC derivatives and collateral management services from BNY Mellon.
Trading Technologies, MexDer Link Via CME's Globex
Trading Technologies' X-Trader has linked with MexDer, a leading venue for Mexican benchmark derivatives, as activity in the Central American market steadily ramps up.
After Lsoc Implementation, Talk of Algo-Enabled Portability
The legally-segregated, operationally-comingled (Lsoc) paradigm is designed to bring greater protection to futures on a customer and ecosystem basis. Futures Commissions Merchants (FCMs) and clearinghouses are pondering a pair of technology issues as…
MIK Solutions Integrates PortfolioScience's RiskAPI
The collaboration provides new on-demand risk measurement analysis for asset managers and hedge funds.
Solving for Java's 'Mixed Blessing'
Azul Systems and LMAX Exchange illustrate that specific coding challenges such as Java garbage collection can be faced most effectively through close collaboration.
LMAX Exchange, Azul Partner on Java Optimization
The London-based multilateral trading facility (MTF) LMAX Exchange, specializing in foreign exchange (FX) matching orders, will use Azul's Zing Java virtual machine (JVM) solution to optimize its low-latency execution engine.
Instinet Joins IPC's Connexus
The agency-only broker, a company of Nomura, will provide a variety of its trading tools, including its Newport 3 EMS, Execution Experts algorithms, and low-latency SmartRouter, to users of the extranet.
Numerix, JPMorgan Eye Cross-Asset Application of Volatility Model
A new Unspanned Stochastic Local Volatility (USLV) model, an alternative to established Heath-Jarrow-Morton (HJM) methods for modeling options volatility, looks to build on pricing analytics for credit derivatives.
CFN Launches WAN Advisory
The firm's Net Transform wide-area network offerings will help firms optimize large legacy networks connectivity.
Funding, Credit Risk Efficacy Remain Elusive for Buy Side
Straightening out buy-side liquidity and credit risk modeling is "hand-to-hand combat," as one Waters Roundtable participant put it last week. Can a wider array of solutions soften the blows?
Omgeo Adds Three to Board
Edward Hazel, Richard Taggart, and Susan Cosgrove replace John Devine, Peter Johnston, and Donald Donahue, who are stepping down from the post-trade services provider's leadership.
Bonaire Adds Rebate and Invoice Reconciliation
The buy-side provider says its Revport solution will now calculate distribution fees and fully audit fund rebates.
Updated: SAC Capital Settlement, Investigation Widens
SAC Capital’s $616 million compounded penalty handed down by the Securities and Exchange Commission (SEC) is an enormous number, but the outcome is both manageable for SAC and, given previous insider investigations, expected. Just the same, other funds…
Players on Loan: Data Governance, Settlement Automation Nearer as CLOs Reemerge
Leveraged loans are touted as an alternative to uneven bond yields, while collateralized loan obligations are scratching at pre-crisis levels. Yet despite years of collective pushes toward straight-through processing, loan products remain the “last…
Credential Powers Canadian Self-Clearing with Broadridge
The wealth manager will use Broadridge's Dataphile securities processing and advisor desktop platform as it converts its brokerage arm, Credential Securities, to IIROC (Investment Industry Regulatory Organization of Canada) self-clearing.
IPC Shifts Models with Managed Services Introduction
Trading communications technology provider IPC has developed a new dedicated business unit with 50 staff, which will cover a range of functions from monitoring and voice recording analytics to incident management.
Trading Technologies Links to GovEx
Trading Technologies (TT) says it will connect with GovEx, a flexible execution platform for US Treasuries and part of State Street's eExchange offering, in the first half of this year.
Kerius Takes Numerix CrossAsset
Boutique financial risk management advisory Kerius, based in Paris and Geneva, will integrate the Numerix CrossAsset derivatives pricing analytics platform for its hedge modeling business.
Study: Legacy Systems, Decentralization Stunt Growth
A survey conducted by Nielsen for buy-side technology vendor SimCorp’s StrategyLab research arm reveals that older platforms imply higher costs and slower response to business and regulatory requirements.
NICE Anticipates CFPB with New Ops Compliance
Israel-based NICE Systems says its Proactive Compliance Suite will help firms manage future new rules from the Consumer Finance Protection Bureau rules, mandated as part of the Dodd-Frank Act.
Primatics Appoints Former OpenLink Chief Hesselbirg as CEO
Kevin Hesselbirg will immediately head up McLean, Va.-based Primatics, which provides loan accounting and valuation software for portfolio managers.
Itaú BBA Taps Broadridge for Sec Lending, Repo
Brazilian bank Itaú BBA, which is adding the US dollar-based products to its Itaú BBA USA Securities arm, is set to use Broadridge's comprehensive business process outsourcing (BPO) solution, which includes both technology provision and services hosting.
Omgeo, Enfusion Partner on Listed Derivatives
The post-trade solutions provider will connect its Central Trade Manager for domestic and cross-border exchange-traded derivatives (ETDs) with Enfusion's Integráta buy-side portfolio management solution.
VC Funds Focus on Data Analytics and Research
Venture capital (VC) funds are turning toward analytics and research providers as the supply of low-latency and alternative liquidity sources has surpassed critical mass.