Tech
HDFC Taps Numerix for Risk Management
Mumbai-based HDFC Bank has selected Numerix Portfolio to help consolidate its risk processes.
Fox River Algos Available Through Silexx EMS
SunGard's Fox River Execution Solutions has made its algorithms available to users of the Obsidian execution management system (EMS) from Sarasota, Florida-based Silexx.
Bahrain Bourse Upgrades to X-stream
The Bahrain Bourse (BHB) will replace its existing Nasdaq OMX platform, Horizon, with one powered by X-stream technology. Additionally, BHB has reconfirmed its commitment to NASDAQ OMX's post-trade solution. The upgrade is estimated to be rolled out by…
Riyad Bank Taps Calypso for Front-to-Back-Office Support
Saudi Riyad Bank, one of the largest financial institutions in the Middle East, has selected software provider Calypso Technology for full support from its front office to the back.
Aegon AM Chooses Markit EDM for Global Data Management
Aegon Asset Management has selected Markit’s Enterprise Data Management (EDM) platform to support its global data management strategy across multiples business units.
Omgeo and Eze Automate Matching Between Platforms
Omgeo and Eze Software Group have announced the development and launch of a high-performance link between Eze OMS and Omgeo Central Trade Matcher, in order to automate futures and options matching between the two products.
Northern Trust Adds New Fixed Income Functionality to its Performance Reporting Suite
Chicago-based Northern Trust has added daily security-level data for fixed income to its performance attribution tools within its Investment Risk and Analytical Services (IRAS) product suite.
Linedata Adds Private Equity Capabilities
Linedata has added private equity administration functionality to its back office platform.
Warsaw Stock Exchange Subsidiary to Use Trayport ETS
WSEInfoEngine, a subsidiary of the Warsaw Stock Exchange, has signed an agreement to use the exchange trading system (ETS) from Trayport, a London-based provider of energy trading solutions, for the operation of its markets. WSEInfoEngine will initially…
eClerx Unveils ISDA CSA Solution
Business processing provider eClerx has launched a new product to allow firms to better manage ISDA credit support annex (CSA) documents. The new product, called ISDA CSA Document Risk Review, is designed to help firms better manage their credit risk.
All I Ask is a Tall Ship and a Star to Steer Her By
A little high concept with your high technology.
Counterparty Credit Models Herald New Workflows
Initial cost and hardware limitations are often tallied as potential problems for sell-side firms complying with new capital-charge requirements by optimizing netting strategies and collateral usage. Now those firms face a different challenge: where to…
Canadian Regulator Addresses Direct Access
Canadian Securities Administrators (CSA), an umbrella organization of regulatory bodies in Canada, has announced amendments to recent regulation over direct access to markets.
Six Partners with swissQuant for ImpaQt Launch
Data services provider Six Financial Information and swissQuant have launched ImpaQt, a portfolio risk-management system, to support the wealth-management industry in meeting regulatory requirements for client protection, pre-trade suitability and risk.
Twitter Fund Founder Returns with Cayman Atlantic
Paul Hawtin, founder of the Derwent Absolute Return Fund, which traded based on social media sentiment analysis, has returned to investment management with the launch of Cayman Atlantic.
Tradeweb Submits CFTC Application for SEF Status
Tradeweb Markets has announced that it is applying to the US Commodity Futures Trading Commission (CFTC) for swap execution facility (SEF) credentials, operating two separate platforms.
A Good Technologist is Hard to Find, Says JPM AM Exec
What began as a conversation about consolidating systems for accounting and trade─itself a deviation from advertised topic of supporting broad bespoke product ranges─took a sharp turn when JPMorgan Asset Management's chief business technologist for fixed…
For Big Data, the Mindset Outweighs the Concept
Panelists at the Asia-Pacific Trading Architecture Summit, held last week in Singapore, discussed the effect of big data on financial services firms, but remained skeptical that the widely debated phenomenon was anything more than a natural evolution…
CIMB Exec Advocates Tech Restraint in APTAS Keynote
Andrew Freyre-Sanders, managing director and head of execution services at CIMB Securities, warned against being swept up in technology arms races and stressed the need for intelligent systems design, while delivering the keynote address for the 2013…
Nasdaq OMX Signs Strategic Partnership with Borsa Istanbul
Nasdaq OMX Group has agreed to provide a suite of exchange technologies to Borsa Istanbul, to strengthen Istanbul’s position as an international trading hub.
SEC Announces Quant Analysis Unit
The US Securities and Exchange Commission (SEC) has announced a number of new initiatives designed to combat fraud and market abuse, including a unit dedicated to risk and data analysis, within its enforcement arm.
Broadridge Teams with Scivantage
Broadridge Financial Solutions announced it is partnering with Scivantage in order to provide its clients with cost basis solutions.
Knight Capital and Getco Complete Transformation to KCG
With the completion of the merger between high-frequency trading (HFT) specialist Getco and broker-dealer Knight Capital, KCG was launched as a single entity on July 2, 2013, creating a securities firm of considerable size and scale in the US and global…
Cost Control Beneficial to Big Bank IT Departments
Panelists at the Asia-Pacific Trading Architecture Summit, held last week in Singapore, debated the current business climate when it comes to infrastructure management, saying that although budgets are tighter, this is introducing a needed element of…