Articles by Timothy Bourgaize Murray
Citadel's Sentinel: CIO Tom Miglis Aims to Do the Impossible
Commitment to investors is the thesis at Ken Griffin’s Citadel, but how the firm achieves returns—through technology—is unique for a hedge fund. Steering strategy and growing the firm’s vaunted development capacity, CIO Tom Miglis is trusted with leading…
CFG Gestion Taps Misys for Expanded Trading Capabilities
The asset manager, based in Casablanca, will use the Sophis Value cross-asset solution across the trading lifecycle, improving compliance, pricing, accounting, order management and NAV calculation.
Numerix Adds Derivatives Modeling Framework for Trading Desks
The firm's CrossAsset Integration Layer (CAIL), based on its current analytics platform, will allow users to build custom interfaces for listed, exotic, and structured products.
IPC Expands Connectivity with CME
Trading communications provider IPC says CME has added its Financial Markets Network as an "approved telecommunication service provider" for its Aurora, Ill. datacenter.
Informed Portfolio Management Taps Portware for FX
The Stockholm-based investment manager Informed Portfolio Management (IPM) will use Portware FX in a bespoke, end-to-end solution that mirrors a growing trend in buy-side currencies trading.
Quantifying Catastrophe After Sandy
Business continuity planning is certain to receive renewed attention in the wake of Hurricane Sandy that ravaged the East Coast of the US this week. Reliability will be a focus, but so too should firms seek to better understand the threats.
New Misys Tool Aggregates Risk
London-based technology provider Misys says its Global Risk offering interacts with firms' internal or third-party systems to create an enterprise-wide view.
JSCC Extends Calypso Clearing Service to IRS
The Japan Securities Clearing Corporation (JSCC) has announced the introduction of Calypso for its interest rate swap counterparty clearing service.
Redline Reports Microsecond Benchmark in Futures Test
Ultra low-latency technology provider Redline says a futures latency test, performed with the CME, a prop trading firm, and the Securities Technology Analysis Center (STAC), has presented the first tick-to-trade performance measure for its InRush 3…
Securities Finance's Eastern Promise
Facing lopsided markets in North America and Europe, providers of securities finance tools—whether lending or repurchase agreements—are looking to Asia. The process is not for the impatient, but if firms can get the technology right, moves being made now…
Rogue Trading: Leaving Less to Fate
The destinies of fallen traders Jérôme Kerviel and Kweku Adoboli are a matter to be settled, but what firms' compliance desks should be concerned with is clear: The more you know about a rogue trader, the more he or she begins to stand out.
Vega-Chi Unleashes Credit ATS for Institutional Investors
Vega-Chi, which has operated a multilateral trading facility in Europe for several years, has launched a credit alternative trading system (ATS) that will allow firms in the US to match specific credit products without intermediation.
PrimeOne Introduces SwapCloud Platform for Buy Side
The prime brokerage services arm of CoreOne Technologies, PrimeOne, says its cloud-based offering will feature a range of swaps products derived from equities, convertible and corporate bonds, sovereign debt and futures, as well as Indian participatory…
Russia's Otkritie Selects New CEO
Ruben Aganbegyan has been named the new CEO of Moscow-based financial services group Otkritie, and will also chair the firm's managing board.
Tradar Releases Insight 5.0 for Portfolio Management
Financial software provider Tradar's latest version of Insight features improved post-trade compliance, multi-way reconciliation and increased processing speed.
IPC Expands Korean Connectivity
Communications and turrets provider IPC says Koscom, technology arm of the Korean Stock Exchange (KRX), will use its Connexus extranet and Direct Connect data service to upgrade their operations in Busan.
The Right Cross: Rate Swaps Nearing Cross-Margining Frontier
As clearing bears down on interest rate swaps contracts, buy-side firms will have to take a close look at dealer efficiency. Modeling knowledge and cross margining infrastructure are good first steps.
Numerix's LiquidAsset to Cover Municipal Derivatives
The valuations analytics provider says its solution, LiquidAsset 2.1, will now be able to support vanilla and basis muni swaps, swaptions, swap and bond curves, fixed rate muni bonds, and muni variable rate demand obligations (VRDO).
SkyBridge Capital Chooses Imagine Software for Risk Aggregation
The portfolio and risk management solutions provider says its new Risk Aggregator platform is helping the $6.6 billion AUM fund-of-funds locate, verify, and normalize position-level data through independent sourcing of information.
Algo Error Damage Apparent as Knight Releases Q3 Results
The electronic market maker lost $389.9 million from July to the end of September, with net-negative revenues of $189.8 million.
Thomson Reuters Releases Mobile App for Investor Relations
The financial information firm's corporate services arms will offer the application for Apple's iPad and iPhone offerings, and the Android operating system.
BMO Bank of Montreal Taps Milestone's pControl for Automated Administration
Fund processing provider Milestone will provide its pControl platform for net asset value (NAV) production, validation, and distribution processes as BMO Bank of Montreal carves out a greater slice of Canada's fund administration market.
Double-Edged Sword: Rules of Engagement, Risk Mitigation to Differentiate Liquidity Sources
Venues for liquidity provision abound, but buy-side confidence in them remains fuzzy. Right now, the strategy is deploy everywhere, do your homework before sourcing, and always know the way out.
Cost Basis Challenges Find Firms Tackling Reporting Earlier
Even while the industry moves past phase II of the cost basis reporting mandate and look towards fixed income and options reporting in 2014, manual corrections and transfers processing remain top among firms' concerns.