News
ECB and Finsoft Propose Reference Data Utility
The European Central Bank (ECB) and Finsoft Financial Systems have jointly proposed the introduction of a public securities reference data utility. The data model of the Centralized Securities Database (CSDB), the financial instruments database at the…
Thor Hammers Out Quant House Data Deal
New York-based high-frequency-trading hedge fund Thor Asset Management USA is expanding the number of real-time exchange datafeeds it sources via low-latency data vendor Quant House, officials tell Inside Market Data.
OCL Adds a DealHub Deployment
LONDON-Options Computer Limited (OCL) has deployed its DealHub internal trade netting tool with an existing client-bank, enabling it to reduce more than 100,000 component trades to 1,000 aggregate trades, say vendor officials.
IT Spending to Drop in 2009
LONDON-Sell-side IT organizations should plan to do more with less as industry experts predict a double-digit decline in IT spending for next year.
Broadridge Expands Ascendis Suite
NEW YORK-Financial technology outsourcing provider Broadridge Financial Solutions will add institutional brokerage features to a product in its Ascendis suite of offerings, say vendor officials.
Seamico Selects GL Net for DMA
BANGKOK-Starting in early 2009, clients of Thai broker Seamico Securities will be able to route its orders to the Stock Exchange of Thailand (SET) via a new direct market access (DMA) offering from Seamico, according brokerage officials.
Transparency worries persist in post-Mifid era
More than a year after Mifid's implementation, the European buy side continues to suffer from poor market data and inadequate post-trade transparency. When the regulation came into force in November last year, it required that all trades executed in the…
Oceanwood live on LZ front-office platform
Oceanwood Capital, the London and Boston-based investment manager with $1.7 billion under management, is live on Capstone, Fidessa LatentZero's integrated front-office platform. The implementation saw Fidessa LatentZero partner with CITCO Fund Services,…
McDonnell IM switches to ASP version of Eagle system
McDonnell Investment Management, a Chicago-based fixed-income manager with approximately $12 billion under management, has switched from an installed version of Eagle Investment Systems' accounting platform to the vendor's hosted offering, Eagle Access,…