Buy-Side Technology - 2007-12-01
Articles in this issue
TCA products crowd the market in the wake of Mifid
When Mifid came into force at the beginning of last month, two of the largest service providers in the industry unveiled transaction cost analysis (TCA) products to assist firms in meeting the directive's requirements for best execution.
The end of an illusion
It's getting ugly out there. That's hardly surprising news, but still arguably shocking. The Great Credit Crunch of 2007 has now officially expanded beyond the first wave of casualties - hedge funds over-exposed to shadily structured mortgage-backed…
A fragmented future
The introduction of multi-lateral trading facilities, crossing networks and electronic communication networks are starting to hurt Europe's well-established exchanges. This phenomenon is likely to become somewhat more acute with the recent introduction…
Quality surveyor
Simon Stratford arrived at London-based buy-side consultancy Investit just over a year ago after a lengthy tenure at Henderson Global Investors. In his short time at the consultancy he has taken the reins of the IT Value Survey, tweaked certain aspects…
BNY Global Transition Management unveils new algorithm
A transition optimisation algorithm known as Topx has been launched by BNY Global Transition Management, a subsidiary of agency brokerage and investment technology provider BNY ConvergEx.
Forex algorithms gaining traction among hedge funds
Hedge fund participants in global foreign exchange markets are utilising algorithmic strategies more frequently in order to realise alpha opportunities and reduce latencies, according to a new white paper by forex electronic trading technology developer,…
Quantifying value in a qualitative world Assessing the true value that asset management firms derive from their IT investments is usually a subjective - and hence contentious - exercise. But that doesn't mean it cannot be done, and done accurately and ob
Despite the proliferation of electronic and self-directed trading tools across the investment management universe, a new industry report shows that issues such as increasing market volatility, changing commission arrangements, and fragmented liquidity…
'If you don't have a good working relationship or if your cultures don't match, it's going to be a pretty painful ride'
Investit's Simon Stratford explains the importance of a healthy working relationship between a buy-side firm and its technology partner, especially where long-term implementations are concerned.
Spotlight on Andrew Howieson
The Tabb Group has set up camp in Europe, and has tapped Andrew Howieson to lead the effort. Howieson, who spent 13 years as an executive at State Street, discusses his erstwhile initiatives at that firm automating investment operations and services, as…
Reliance on brokers for equity trading on the rise
Despite the proliferation of electronic and self-directed trading tools across the investment management universe, a new industry report shows that issues such as increasing market volatility, changing commission arrangements, and fragmented liquidity…
The year of hedging dangerously
As the calendar winds down, I don't know whether it's more reassuring to look ahead or to look back. This was a rough year. While not entirely an annus horribilis , it was one that traders, IT staffers and industry observers will remember for the lessons…
RiskData rolls out latest version of HEDGiX
RiskData, the Paris-based provider of risk management software for hedge funds, has released the latest version of HEDGiX, its flagship product.
CMA partners with Numerix to empower credit traders
Credit market data provider CMA has partnered with Numerix, a provider of pricing and risk analytics, to create an integrated offering for buy-side firms.
Editor's letter: The link between Van Gogh and CDOs
The notion of spending large fortunes, equivalent to the GDP of a small African country, on a Van Gogh painting, is frankly, absurd. The intrinsic value of a Van Gogh - Sunflowers, Irises, The Starry Night or otherwise - is only a few dollars. Paintings…
