Tech
Monsoon Capital Taps SEI to Service its Ucits Fund
SEI to also provide fund administration, in addition to servicing Monsoon's newly-launched Ucits IV fund.
GlobeOp Adds Fourth Office to Mumbai Network
GlobeOp responds to client demand and opens a hedge fund administration and data center facility.
Andall on as Network Manager for FXecosystem
As part of a plan to bring in more technical personnel, FXecosystem has hired Chris Andall.
Trading Physics Adopts Myricom Low-Latency Software
The software provider opts for Myricom adapters that achieve sub-four microsecond latency.
Neovest Invests Heavily in Futures Market
Neovest has its sights set on the options-on-futures market for later this year after a big push in futures and Asia in 2011.
First New York Securities' Jean Hill’s Blank Slate
Manhattan-based proprietary trading firm First New York brought Jean Hill on board to build its infrastructure from the ground up. However, there were several points during her career when it looked as though she was destined for any number of paths but…
Misys Selects IBM to Power BankFusion
The agreement allows Misys clients to install a certified process-management technology without the need for additional integration and testing of banking applications.
BNP Paribas Extends Fund Admin Services
New program helps with automation and regulatory reform.
Why is Data Quality Still Such a Problem?
More than three years after Lehman's collapse, it still takes some firms days—or even weeks—to aggregate their data. Anthony says that is galling.
February 2012: Is Hardware Sexy Again?
The emphasis is generally on the software side of the business, but Victor argues that hardware is just as sexy.
Hard Coding: The Benefits and Drawbacks of FPGAs
Field-programmable gate arrays (FPGAs) are being touted in certain circles as the next wave of technology in the financial services industry, gaining adherents for their ability to perform complex tasks at previously inconceivable speeds. However, with…
Do They Only Like Me for My Algos?
Unlike bulge-bracket firms, mid-tier broker-dealers have to make tough choices about which algorithms to white label and which ones to develop themselves. They want to optimize their value to clients, but aren’t always sure what clients are looking for…
The Case for Automation
IT teams are faced with supporting systems that facilitate high-speed trading where huge amounts of money hang in the balance. Overlooking even the smallest hiccup can bring the whole infrastructure to its knees. How can these increasingly complex…
Max Bowie: Is Your Data Half Empty or Half Full in 2012?
Rising interest in emerging markets and asset classes such as commodities could aid a recovery in the data industry this year. But after several lean years of staff and budget cuts, Max asks whether financial firms have left enough meat on the bone to…
Michael Shashoua: The Rise of Index Fund Data
Exchange-traded funds based on alternative weighted indexes are growing, creating greater demand for handling index data. Michael describes the effects the growth is having on data processing and how firms are thinking about managing increased data…
Anthony Malakian: The Changing of Mores
At times it seems like fund managers give too much credence to hackers, when the real danger lies within. As a result, many hedge funds are not embracing new technological outlets because of long-held beliefs and old habits—habits that Anthony says need…
Rob Daly: It’s All About the WAN
Although the industry focuses on cloud computing and Big Data, it really needs to look at the new bottleneck of wide-area network connectivity, according to Rob.
Cloud Computing's Critical Mass
Cloud computing is having a profound impact on society. Although relatively slow to adopt this technology—mainly due to security fears—more investment management firms are turning to the cloud to achieve scale, cut costs and improve client communication…
Credit Trading Gets a Kick
Icap Electronic Broking expects to see dramatic performance improvement in its BrokerTec credit-trading platform, as the firm nears the end of a two-and-a-half-year project to roll out the new global matching-engine architecture. By Rob Daly
Try Before You Buy: Firms, Vendors Employ Proofs of Concept
Technology vendors were once loath to give away their ideas for free. Financial service firms were similarly unwilling to invest in a project that might be a sunk cost. However, attitudes are changing, and it is now standard for companies to pay for…