News
This Month In Numbers
'What they do is calculate their exposure to a single name, Daimler Chrysler, for example, across all 20 deals. You need tools for that, but unfortunately a lot of banks just sell you a deal and give you monthly updates on your risk'
Markit steams ahead with Boat acquisition
UK-based data vendor Markit has entered into an agreement to acquire pre- and post-trade data publication utility Boat from the nine-bank consortium that owns it. Neither party are disclosing details of the transaction at this stage, although the new…
Banks take shares in Chi-X as volumes soar
Global agency broker Instinet announced last month that a consortium of 13 firms had taken an undisclosed minority holding in Chi-X Europe, the operator of Europe's first pan-European equity multi-lateral trading facility (MTF). Instinet will remain the…
Administrator takes SuperDerivatives for derivatives pricing
Columbus Avenue Consulting, a New York-based hedge fund administrator with $6.5 billion under administration, has deployed SuperDerivatives' SD-CD credit derivatives pricing and analytics application for more efficient valuations of its clients'…
Gissing taps into the buy side with Malbec
Gissing Software, the Kent, UK-based specialist in the routing and transformation of real-time market and trade data, has won its first buy-side client as part of a new strategy to go beyond its traditional sell-side client base.
CRD announces EMS, enhances architecture and derivatives support
Charles River's IMS is something of a household name on the buy side, combining order management, compliance, and various analytics functions within a single, front-office platform. Now, the Burlington-MA-based vendor is preparing to enter the EMS market…