News
Swift to provide post-trade matching with prime brokers
Six leading prime brokers are collaborating to create a new trade-date matching service for fixed-income and equity trades originating from their hedge fund clients. The consortium - which includes Citi, Credit Suisse, Goldman Sachs, Lehman Brothers and…
Asset Arena Accounting integrates Swift connectivity
SunGard is set to integrate Swift connectivity into its Asset Arena Investment Accounting system, through the SunGard Transaction Network (STN), the vendor's principle connectivity platform. The move, which will be formally announced at Sibos 2008 in…
OTC Val expands derivatives coverage
OTC Valuations, the Vancouver-based provider of independent derivatives valuation and risk reports for structured products and exotic derivatives, has expanded its derivatives coverage for credit, inflation, equity, FX, and fixed-income products. New…
Month in Numbers
"Brokers often parcel up the leftover parts of their orders and put them into their dark pool, creating toxic waste that they hope will get matched up"
FolioDynamix acquires SunGard investment unit
FolioDynamix, a New York-based unified managed account (UMA) technology developer, has bought SunGard's SunGard Advisory Technologies (SAT) business unit. SAT develops investment and wealth management technology platforms, and has a client base of…