TPG Software Claims Some Buy-Side Customers ... Plans System Enhancements

PORTFOLIO SYSTEMS

While Houston-based portfolio management and accounting system vendor TPG Software Inc. has carved out a small niche for itself among banks and broker dealers, it has yet to achieve significant penetration into the buy side. With just under $1 million in revenues this year, the vendor has seen its client-roster grow by about 40 percent over the past 12 months, to some 35 user firms--but only four of these are institutional investment firms. However, TPG officials hope to improve the vendor's

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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