News
Singapore Displaces Japan as FX Market Tops $5tn Daily
The foreign exchange (FX) market's daily turnover has reached an estimated $5.3 trillion, according to the Bank for International Settlements (BIS), with over half of the volume accounted for by electronic trading.
InfoReach Integrates "R" Language and Bloomberg Data
Electronic trading technology provider InfoReach has announced it has integrated the R programming language and Bloomberg data with its trading platforms.
Princeton Financial Updates Investment Management Solution
Princeton Financial Systems, part of State Street Global Exchange, has enhanced its investment management software solution MIG21 ahead of UCITS regulatory changes.
Hillman to Consult After Leaving LSE
Jarod Hillman, former head of real-time data at the London Stock Exchange Group, who left his position over the summer, is setting up an independent data consultancy to provide market participants among trading venues, redistributors, and consumer firms…
FactSet Buys Revere
FactSet Research Systems has acquired San Francisco-based research and industry classification provider Revere Data for an undisclosed sum.
Code Red Hires President, Preps Expansion
Boston-based research management system provider Code Red has made two executive appointments in preparation for a hiring spree designed to increase the vendor's capacity to win and support larger deals for its Core Red RMS (formerly called Red Alerts)…
ISITC Europe Aims to Foster Fatca Collaboration
The industry body has established a working group to explore efficient ways of addressing common challenges created by the US anti-tax evasion regulation
LSE Launches Bulk Registration For Pre-LEIs
The London Stock Exchange expects large firms and fund managers to take advantage of the option to request pre-legal entity identifiers for multiple entities in a single process
Lime Rock Partners on iLevel for Reporting
The $5 billion private equity manager, a specialist in oil and natural gas projects based in Westport, Conn., will use iLevel's cloud-based Private Capital Data platform for portfolio monitoring and centralized data collection.
Malaysia's KIB Picks SS&C for Investment Ops
Kenanga Investors Berhad (KIB), an asset manager based in Kuala Lumpur, has selected SS&C Portia, a middle-to-back office investment operations platform, to support its investment management business.
Instinet Extends Nighthawk Algo to Japan
Instinet, the New York-based agency-only broker, has introduced Nighthawk VWAP, a variant of its Nighthawk algorithm, which provides buy-side firms with aggregated access to the pre-market volume-weighted average price (VWAP) crosses in Japan.
Wainwright to Head SAP Financial Biz
Data management and analytics technology provider SAP has named Ross Wainwright global head of financial services industries in Chicago, responsible for the vendor's banking, insurance and capital markets clients worldwide.
Wainwright Takes Over Financial Services Business at SAP
SAP, the Walldorf, Germany-based software company, today announced the appointment of Ross Wainwright as its global head of financial services industries.
Artesian Chooses eFront for Funds Management
Venture capital specialist Artesian Venture Partners has selected eFront to manage data and communication across its portfolio of funds.
Post-EMIR, Sapient Clients Want Reporting in the Cloud
Just eight months after debuting a product without a cloud version that no one wanted, Sapient is seeing a surge of demand for its hosted solution.
BGC Partners Joins Cadre of SEF Applicants
The electronic and voice brokerage is the latest in a number of financial services firms to apply to the U.S. Commodity Futures Trading Commission (CFTC) to become a swaps execution facility, or SEF.
eVestment Adds Morningstar Data to Analytics Suite
Atlanta-based data and analytics provider eVestment will now include Morningstar data in its own suite of analytics solutions, including the recently acquired platforms from PerTrac and Fundspire.
Berenberg Bank Rolls Out 100 VWD Terminals
Hamburg-based private bank Berenberg Bank has rolled out German data vendor VWD's Market Manager data terminal to around 100 of its client advisers, to provide access to real-time price information and news.
eVestment Integrates Morningstar Data
The data provider, which mostly collects and distributes its own institutional investment information, is easing Morningstar data into its mix, through past acquisitions
ATG, Risk Office to Build Clearinghouse in Brazil
Americas Trading Group (ATG), a liquidity center and provider of exchange technologies in Latin American markets, says it has partnered with Brazil-based Risk Office to build out clearing functions ahead of its 2014 launch of ATS Brasil.
eVestment Integrates Morningstar Data into Analytics Tools
Data from Chicago-based investment research and data provider Morningstar is now available via fund management software provider eVestment's analytics solutions suite, including its PerTrac and Fundspire systems.
SIX Financial Info Taps Savvis for Chicago Datacenter
SIX Financial Information has added a datacenter in Chicago, within a facility operated by datacenter and hosting provider Savvis.
Dion Names Pecker Oz Ops Head
India-headquartered trading and data technology vendor Dion Global Solutions has appointed Rudi Pecker managing director for Australia and New Zealand, responsible for managing and expanding Dion's operations in Australasia.
The American Financial Technology Awards 2013 Are Here
The ninth annual American Financial Technology Awards (AFTAs) are set to open for entries on Monday September 9, 2013.