SIFMA 2011 Wrap 1.0

Netik has released of a white paper exploring Solvency II governance, investment, and data implementation issues. The paper, published in association with Paradigm Risk, finds that data coverage and quality is central to Solvency II initiatives. It focuses on the area in which Solvency II will have the greatest management impact: what the changes will mean for firms' management of the asset side of their balance sheets, and the data they will need to support their investment activities.

Dovetail, a provider of payment services hubs, has selected Quartet FS to help deliver high-performance, real-time data analysis capabilities to firms' back offices. This new functionality provides users with a real-time view of large quantities of short-term cash-flow data with which to effectively manage liquidity. The Dovetail Liquidity Dashboard provides an aggregation engine which supports customers in tapping into and analyzing large quantities of payments data from any source. This functionality is enhanced with Quartet's ActivePivot real-time, in-memory, and object-orientated OLAP tool.

Orange Business Services - Trading Solutions has announced the launch of Open Trade Store, an application store for its smart turret, Open Trade, launched last year. Developed as a personal trading assistant, Open Trade is a multimedia communications hub integrating voice, video, email, instant messaging and web-based applications. Open Trade Store is the application portal model for the trading desktop allowing customers to access business and lifestyle applications on Open Trade. Optimized for the Open Trade interface, these apps enhance trading activities, while at the same time improve information and functionality already delivered by Trading Solutions, making businesses more productive.

Sapient Global Markets and Standard & Poor's Valuations and Risk Strategies (S&P VRS) have announced an alliance that will provide clients with in-depth valuation and analysis of structured finance securities including asset- and mortgage-backed securities (ABS/MBS), and covered bonds. The agreement will address the need for transparency and risk management for large volume portfolios, providing much needed transparency for tier-one organizations in line with changing regulatory requirements.

Progress Software has announced enhancements to its Progress Market Surveillance and Monitoring platform. This release provides compliance and market-monitoring personnel deeper insight into trade order flow and more control over investigations of abuse and operational incidents. It also enables trading venues and brokers to modify real-time abuse detection scenarios, market-monitoring scenarios, and case-management workflows so that they can keep abreast of regulatory changes including those required by the Dodd-Frank Act in the US and the Mifid review in Europe.

StreamBase Systems has announced the launch of the StreamBase University program. The program allows students at qualified institutions access to StreamBase CEP (complex-event processing), a commercial CEP software platform for building real-time data-processing systems through an academic licensing program. The goal of the StreamBase University program is to provide students with access to the mechanics of building real-time trading systems to compliment the theories and case studies taught to them during their courses.

Portware has selected Thomson Reuters' Elektron to support its new cloud-based deployment model. Portware's latest offering combines the company's trading technology with Elektron's global infrastructure and integrated access to Thomson Reuters' data, security classification, and analytics. By joining the Elektron community, Portware is providing its buy-side, hedge fund and sell-side clients with access to a hosted trading platform, offering reduced operational overheads, faster time to market, turnkey access to global liquidity, and the security and speed of Elektron's global hosting environment.

SunGard has expanded its Loanet securities finance solution to automate borrow-order submissions by including Quadriserv's AQS securities-lending platform, a central counterparty-based market that offers automated securities-lending trading in over 5,000 underlying equity, ETF, index, and ADR products. Integrating the AQS borrowing activity into their pre-existing automated Loanet Centralized Order Routing workflow will help Loanet customers increase efficiency, streamline their operations, and create a straight-through process for borrowing in the AQS marketplace.

In other SunGard news, Four ASEAN equities exchanges - Bursa Malaysia, the Philippine Stock Exchange, Singapore Exchange and the Stock Exchange of Thailand - have selected SunGard to be the technology provider for the ASEAN trading link. The Link will electronically connect participating ASEAN exchanges to facilitate cross-border order routing and trading, thus helping investors and members access ASEAN markets via a single connection. SunGard will supply the infrastructure for the network based on its Valdi trading suite.

Eagle Investment Systems has announced that Eagle Version 11.0 (V11.0), an upgrade of its integrated suite of data management, investment accounting, and performance measurement and attribution solutions, will be available in early July. V11.0 includes new platform certification for Oracle 11g R2 and Microsoft SQL Server 2008 R2 as well as improved virtualization and Linux support. Enhancements have been made to support Eagle ACCESS, the vendor's private cloud, which hosts the Eagle Suite, and the architecture was updated to significantly improve throughput within an optimized, cost-effective technical footprint.

DST Global Solutions has announced that Anova, the vendor's middle-office investment analytics platform, is now available as a hosted service. Launched in November last year, Anova provides a suite of investment analytics applications for the middle-office function on a global operating platform. The Anova hosted service, designed to enable investment managers to carry out investment analytics online in a cost-efficient, secure and customized manner, is provided by DST Global Solutions' parent company, DST Systems.