Tech
Waters Rankings 2013: Best Credit Risk Solution Provider — Numerix
For the second straight year, Waters’ readers have named Numerix and its CrossAsset platform as the best solution for managing credit risk. The most significant upgrade made to the Numerix offering was the June launch of a new scripting language for…
Waters Rankings 2013: Best Risk Analytics Provider — Numerix
It won’t come as too much of a surprise that Waters’ readers who chose Numerix as the top credit risk solution provider, also named the New York-based firm as the best risk analytics provider. This is the second year in a row that Numerix has done the…
Waters Rankings 2013: Best Trading Floor Communication System Provider — IPC Systems
Having won this category in the Waters Rankings for six out of seven years, from when it focused purely on turrets through to its expansion to include unified communications systems, IPC has once again proven itself a force to be reckoned with.
Waters Rankings 2013: Best Market Surveillance Systems Provider — Nasdaq OMX
Market surveillance, perhaps more so than any other business process, is crucial in the modern age of capital-markets activity. The potential financial, reputational, political and institutional damage that can occur from not monitoring employees’ and…
Waters Rankings 2013: Best Datacenter Provider — Equinix
When it comes to financial services-focused datacenters, Equinix continues to lead the field in terms of expansion and offerings. Stretching across financial centers in North and South America, Europe and Asia-Pacific, the vendor’s reach is truly global.
Waters Rankings 2013: All Change, No Change
This year, the Waters Rankings can best be described as a mix of lots of change and no change at all—we welcomed a number of new victors to the winners’ circle who have taken their places alongside those vendors and service providers that continue to…
Waters Rankings 2013: Best Network Provider — IPC Systems
Networks are an increasingly vital part of the global capital markets ecosystem, linking buyers and sellers, providing liquidity, and reducing technology strain across the industry. Many claim to have localized networks in datacenters, private cloud…
Waters Rankings 2013: Best Cloud-based Service Provider — BT
BT has followed up its win in the corresponding category in the inaugural Sell-Side Technology Awards by being voted best cloud-based services provider by Waters’ readers thanks to its ubiquitous BT Radianz Cloud offering, which, since the beginning of…
Waters Rankings 2013: Winners' Circle — Talking Loud and Clear
Formed by the convergence of three different businesses, Eze Software Group has entered the game with a bang this year, taking home the Waters Rankings awards for Best Buy-Side OMS and Best Execution Management System. David Quinlan, co-president of the…
Waters Rankings 2013: Winners' Circle — New Frontiers
The complex-event processing (CEP) space has always been a highly competitive one, and with the recent run of acquisitions among vendors, it’s becoming fiercer. Tibco StreamBase, however, fought off its rivals to take the award for the best CEP provider…
Waters Rankings 2013: Winners' Circle — Building Bridges
IPC Systems’ dominance in the Waters Rankings has continued this year, with the company taking first place in the Best Trading Communication System Provider and Best Network Provider categories. Simon Jones, director of product marketing at IPC, explains…
Waters Rankings 2013: Best Mobile Solutions Provider — Morningstar
Morningstar pulled off something of a coup by winning what was unquestionably one of the most hotly contested of all the categories in this year’s Waters Rankings, given the current interest from all quarters of the industry in mobile communication.
Waters Rankings 2013: Best Full-Service Brokerage — JPMorgan
Traditionally, this is a category that has been dominated by Goldman Sachs, but the last two years have seen two different winners, with JPMorgan being named as the best full-service broker for 2013. Perhaps this shift is a sign of the challenging market…
Risk Management a Challenge When Algos Go Rogue
In an article published in May, Waters explored the problematic task of performing market surveillance in automated, high-frequency trading environments. Another challenging area for algorithmic trading is that of risk management, when questions of risk…
AQR's Path to Reconciliation
In order to improve its reconciliations capabilities, AQR Capital decided it needed to replace its legacy reconciliation system, which relied largely on manual processes. The Greenwich, Conn.-based hedge fund turned to Electra Information Systems for…
Waters Rankings 2013: Best Low-Latency Data Feed Provider — Thomson Reuters
This win makes it four in a row for the data giant in this category. The last year has been marked by announcements of connections around the world for Elektron, which provides an infrastructure for low-latency market access. The global architecture…
Three Technologists Talk About Justifying ROI
When making a case for the return on investment (ROI) of an IT project, BMO Capital Markets’ head of operations and project delivery doesn’t get too deep. Quantifying ROI is very difficult, argues Naveen Balakrishnan, because the measurables evolve too…
Torstone Adds OTC Derivatives Reporting Module to Inferno
Torstone Technology, a London-based provider of derivatives processing software, has released a new Inferno module that consolidates over-the-counter (OTC) derivative trades from multiple front office systems and feeds them into global trade repositories…
DTCC Buys Thomson Reuters' Omgeo Stake
The Depository Trust & Clearing Corporation (DTCC) will take full ownership in the post-trade and settlement platform provider. Thomson Reuters and DTCC had held equal 50 percent shares in Omgeo since its founding in 2001.
Thomson Reuters and CQG Partner on Futures Order Routing
Thomson Reuters has expanded access to liquidity across its order routing network by adding additional connections to US futures markets through an agreement with CQG’s direct market access (DMA) platform.
Inventing the New Thing Is the New Thing
Innovation is like vacation—people spend more time talking about the amazing places they’re going than they spend actually getting there. There isn’t a company worth its salt where innovation is not part of its agenda, although its application varies…
SimCorp, AcadiaSoft Partner on Margin Calls
The investment management solutions provider will use AcadiaSoft's MarginSphere instant messaging service, which provides automation of dispute-based processing for collateral issues and exceptions.
Chile's Comder Taps Calypso for CCP
The South American central clearinghouse, created by a consortium of Chilean banks, will use the software provider for its core central clearing (CCP) infrastructure.
Meeting Transaction Tax 'What-Ifs' Demands Platform Flexibility
Financial transaction taxes (FTTs) may jive with political anxiety over the markets, but legislating them isn't so straightforward. Likewise, add-on solutions required to cope with the new levies must go well beyond a conventional fee calculator.