M&G extends outsourced servicing deal

International Financial Data

Services (IFDS), the international transfer agency joint venture between State Street and DST Systems, has announced an agreement with London-based investment manager M&G to extend its contract for retail administration services to 2016. At the same time, M&G is proposing to transfer its customer contact functions to IFDS, subject to employee consultation.

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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