Tech
IBOR: No Walk in the Park
The investment book of record (IBOR) phenomenon currently sweeping the buy side shows no sign of slowing down, as asset managers on both sides of the Atlantic start moving down the road toward managing their investment positions and cash, not only on an…
Waters Rankings 2014: Best Crossing Network Provider — Instinet
In a year when the perils of high-speed trading were highlighted by Michael Lewis’s Flash Boys, sparking debate among traders, regulators and politicians alike, it is appropriate that the award for best crossing network goes to CBX, Instinet’s mainstay…
Waters Rankings 2014: Best Agency Brokerage — Instinet
As in years past, the battle between agency-only brokerages remained a close one in 2014, as Nomura-backed Instinet wrested away the award from previous winner ITG on the back of new crossing, connectivity, and algorithmic capabilities, underpinned by a…
Don't Cry For HFT, Argentina
This week, Argentina was declared to be in technical default after years of legal wrangling and misfortunes, with even greater consequences possible for the debt markets overall. Those working on HFT concerns should take heed: beware of the details.
Waters Rankings 2014: Best Execution Management System Provider — Eze Software Group
Eze Software Group, launched in January of last year when ConvergEx Group made the decision to exit the front-office technology provider market and then promptly sold two of its leading lights—the Eze OMS and its sibling RealTick EMS—has pulled off…
Waters Rankings 2014: Best Portfolio Management System Provider — Bloomberg
For the second consecutive year, Bloomberg AIM has been recognized as the best portfolio management system by Waters’ readership, following on the heels of its win in last year’s Buy-Side Technology Awards for the best integrated front-office platform.
Waters Rankings 2014: Best Buy-Side OMS Provider — Eze Software Group
Since its creation in January 2013, Eze Software Group has established itself as the de facto buy-side order management system (OMS) with its Eze OMS offering, winning the category at both last year’s and this year’s Waters Rankings. An award-winning OMS…
Waters Rankings 2014: Best Sell-Side OMS Provider — Bloomberg
For the fifth year in a row, Bloomberg’s Trade Order Management Solutions (TOMS) has won the Waters Rankings award for best sell-side OMS. The platform, which provides fixed-income cash and derivatives trading firms with a multitude of tools to manage…
Waters Rankings 2014: Best Algorithmic Trading Provider — Instinet
Instinet, the New York-based agency-only brokerage arm of Japanese financial services giant Nomura, wins this year’s best algorithmic trading provider award, which, when added to its wins in the best agency broker and best crossing network provider…
Waters Rankings 2014: Best Reconciliation Management Provider — DTCC
After winning this category on its own from 2010 to 2013, Omgeo continues to lead the pack when it comes to reconciliations, although since the fall of last year, it has been part of the Depository Trust & Clearing Corp. (DTCC).
Waters Rankings 2014: Best Sell-Side Clearing Provider — DTCC
The best sell-side clearing provider category in the Waters Rankings is one that has seen rapid change after years of stability. JPMorgan was the perennial leader in this category before being dethroned last year by Goldman Sachs. But this year we see a…
Waters Rankings 2014: Best Performance Measurement and Attribution System Provider — ConvergEx Group
New York-based ConvergEx Group, a provider of brokerage and trading-related services, emerged top in this year’s performance measurement and attribution provider category, a win that will undoubtedly raise a few eyebrows, not because of PerformEx’s…
Waters Rankings 2014: Best Enterprise Data Management Systems Provider — Bloomberg PolarLake
It is no secret that large portions of the third-party technology vendor community have grown through acquisition as the market has evolved and matured—after all, it is cheaper, more time efficient, and significantly faster to market to buy an existing…
Waters Rankings 2014: Best Transaction-Cost Analysis System Provider — ITG
ITG, a New York-based agency brokerage and capital markets technology provider, follows up its success in the transaction-cost analysis (TCA) category in last year’s Buy-Side Technology Awards by winning the corresponding category in this year’s Waters…
Waters Rankings 2014: Oded Weiss, Multifonds
Timothy Murray speaks with Oded Weiss, CEO of Multifonds, at the Waters Rankings.
Waters Rankings 2014: Ranjan Singh, IPC
Timothy Murray speaks with Ranjan Singh of IPC at the 2014 Waters Rankings.
Waters Rankings 2014: Best Corporate Actions Solution Provider — Thomson Reuters
The Depository Trust & Clearing Corp.’s (DTCC’s) corporate actions solution has won this category for the past three years, including last year after it had been bought by Markit. But for this year, the torch has been passed to Thomson Reuters with its…
Waters Rankings 2014: Best Reference Data Provider — Thomson Reuters
For three years in a row, Waters’ readers have chosen Thomson Reuters’ reference data over Bloomberg, the Rankings’ previous winner. An originator, consolidator and redistributor of security and financial instrument data, Thomson Reuters provides access…
Waters Rankings 2014: Best Low-Latency Data Feed Provider — Thomson Reuters
Make it five wins in a row for Thomson Reuters and Elektron Real Time in the best low-latency data feed provider category, and the third consecutive year that the data giant has captured both this and the best reference data provider awards.
Waters Rankings 2014: Best Data Analytics Provider — S&P Capital IQ
Created in 2010 from the merger of the research, analytic and strategic capabilities of Standard & Poor’s and Capital IQ, S&P Capital IQ has established itself to such an extent in its relatively short life that this year it becomes the first ever…
Waters Rankings 2014: Best Market Risk Solution Provider — SunGard
While credit risk has rightfully gained its share of the risk management spotlight after the implementation of Basel III and also in the wake of the global financial crisis, where so many well-established and previously blemish-free financial…
Waters Rankings 2014: Best AML Compliance Solution Provider — NICE Actimize
If anyone had any doubt whatsoever about the need to have an effective anti-money laundering (AML) compliance regime in place, the past few years will have put that to rest. One need look no further than three recent examples where financial services…
Waters Rankings 2014: Best Complex Event Processing Solution Provider — Software AG
Few names are as synonymous with a single technology as Apama has become with complex-event processing (CEP). From its beginnings in 1999, the platform has changed hands over the years, most recently passing into the control of German giant Software AG,…
Waters Rankings 2014: Best Credit Risk Solution Provider — Numerix
A strong reputation among Waters readers is built on a mix of attributes, both established and new, and for 2014 this mix perfectly describes yet another win for New York-based risk management specialist Numerix in the best credit risk solution provider…