News
American Century ditches legacy back-end for SimCorp
American Century Investments, the $78 billion Missouri-based investment and mutual fund manager, has begun implementation of SimCorp Dimension in an effort to enhance the middle- and back-office operations of its institutional business.
Markit and DTCC unveil MarkitSERV
Markit and the Depository Trust & Clearing Corporation (DTCC) have launched MarkitSERV, a new company that combines the two organisations' electronic trade-confirmation and workflow platforms to provide a single gateway for over-the-counter (OTC)…
RTS and Fixnetix in low-latency alliance
RTS Realtime Systems Group, the Ravensburg, Germany-based trading systems provider, has teamed up with Fixnetix to provide ultra-low-latency trading tools for the high-frequency trading community accessing European equity and derivatives markets.
Kepler live with SunGard for Euro market connect
Amsterdam-based agency brokerage Kepler Capital Markets, is using SunGard's ASP-based connectivity services to help broaden its market connectivity in Europe. Kepler has added three new gateways to access the public order books of BATS Europe, Nasdaq OMX…
Instinet agrees to acquire TORC Financial
Instinet, the New York-based provider of electronic trading and agency-only brokerage services, has agreed to acquire the business and assets of TORC Financial, a provider of derivatives trading technologies.
New contracts for RBC Dexia
Manulife (Singapore) has selected RBC Dexia Investor Services to handle the fund valuations for 42 investment-linked portfolios and the accounting for more than $1.05 billion in funds under management (consisting primarily of fund of funds structures).
DTCC releases historical CDS data
The Depository Trust & Clearing Corporation (DTCC) has enhanced transparency to the global credit default swap (CDS) market by expanding its public release of CDS data in its Trade Information Warehouse to include historical information on those…
LLB Group selects SunGard's Ambit platform
Liechtenstein-based LLB Group has selected SunGard's Ambit Risk & Performance Management platform to support its liquidity risk management and asset/liability management functions. According to SunGard, LLB Group will use Ambit's automated processes to…
DekaBank goes live with SunGard's Asset Arena Compliance
Frankfurt-based DekaBank's central asset management arm, with €168 billion under management, has implemented SunGard's Asset Arena Compliance product to provide back-office support for its pre-trade, post-trade and post-NAV compliance requirements. Asset…
Jericho implements Tradar Insight system
Jericho Capital Asset Management, a New York-based start-up hedge fund manager, has implemented Tradar Insight, an integrated portfolio management and accounting system from London-based hedge fund technology provider Tradar. Jericho installed Tradar…
Chi-Tech adds FTEN tools to platform
Chi-X Global's technology services unit Chi-X Global Technology (Chi-Tech) has partnered with trading and risk software developer FTEN in an effort to beef up the high-frequency execution and risk capabilities of its MarketPrizm electronic trading…