Investmaster launches 'Mifid prepared' OMS

Investmaster, the UK-based provider of integrated wealth management technology, has launched OMR2 , an order management and routing system (OMS) designed to handle multi-channel and multi-market transactions and introducing direct SETS order book access. Mifid, set to be introduced in November 2007, will force investment managers to demonstrate access to a range of counterparties in order to provide their clients with a 'best execution' service. OMR2 connects to all three UK Retail Service

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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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