Cantor completes SunGard's Phase3 implementation

New York-headquartered inter-dealer broker Cantor Fitzgerald has completed its UK implementation of SunGard's Phase3 multi-asset, multi-currency securities processing platform in a SunGard-hosted ASP environment. The implementation marks the culmination of a project to convert all of Cantor's US and UK equity and fixed-income transaction processing, clearing and settlement operations from separate vendor platforms to a single consolidated Phase3 platform. According to SunGard, Phase3 helps

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A rough race begins: Industry faces uphill transition to T+1 settlement

With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue industry needs a longer timeline.

Build versus buy: How to evaluate your software

For as long as the investment management industry has used software, there has been a debate about whether asset managers should build or buy their tools. Jonas Svallin, global head of quantitative research and product development at FactSet, argues that…

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