Trading Tech
Parametric selects Fidessa LatentZero's Minerva OEMS
Parametric Portfolio Associates, a Seattle-based registered investment adviser, has selected the Minerva order and execution management system (OEMS) from Fidessa LatentZero to manage $30 billion in assets across more than 16,000 separately-managed…
Speculators in the crosshairs
The Commodity Futures Trading Commission (CFTC) is considering implementing position limits for buy-side players trading energy products, potentially restricting the number of positions traders can take on futures exchanges. Stewart Eisenhart reports
MSIM outsources to State Street
Morgan Stanley Investment Management (MSIM) has signed a deal with State Street Corporation that will see State Street provide MSIM with outsourced investment manager operations services for approximately $300 billion in assets. State Street will provide…
Dabbling in the dark
Dark pools started to appear as early as a decade ago in the US market, but it has only been over the course of the last two years that they have attracted sufficient liquidity – perhaps as much as 12% of US equity orders and 4% in Europe – to make them…
Spotlight on Greg Conley
No stranger to the role of chief executive, Greg Conley has taken the reins at Swiss front- and middle-office technology developer Odyssey Financial Technologies. This will be his fourth chief executive post, having previously headed-up Verio, Tanning…
Fiduciary Trust looks to SunGard for trading and reporting support
Boston-based Fiduciary Trust Company has implemented a number of SunGard applications integrated with SunGard's Global Plus asset management and custody platform to help expand its automated trading, portfolio management, account review, compliance…
Bottom-up reform
What little difference a year makes. Twelve months ago, financial services participants, observers and press - including yours truly - were anticipating major regulatory overhauls and new oversight of the industry following Barack Obama's election and…
Another bulge-bracket client down south for Charles River
Public Investment Corporation (PIC), the wholly-owned investment management arm of the South African government founded in April 2005, and one of the largest fixed-income and money market investment managers in Africa with approximately $100 billion…
Adapt or die
Smart order routing is not a new phenomenon for buy- and sell-side organisations, but the tools that let firms route trades according to their own specific criteria have evolved significantly over the last two years. Gone are the days when these…
CMA Expands Latin America Network
NEW YORK-Brazilian trading platform, market data and network connectivity provider Consulting, Methods, Advisory and Mercantil (CMA) has established a new route to local broker-dealers in Latin American markets by adding Miami-based broker-dealer LatAm…
Guest Editorial - Evolving to Meet New Challenges
Ray D'Arcy recaps the year in which he became president and CEO of Interactive Data Corp., and looks ahead to 2010
Regulators Take Aim at Flash, High-Frequency Trading
Regulators spent much of early 2009 in the spotlight for failing to spot and halt Ponzi schemes like Bernie Madoff's, but shifted the focus in the latter half of the year to practices surrounding algorithmic and high-frequency trading, to the distress of…
Economic Woes Drive Data Caution
The economy continued to overshadow data strategies and decisions in 2009, and even though the markets have shown a swift recovery in some quarters, continued uncertainty about the economic climate is prompting firms to take a cautious approach to…
Latency: Industry Ups Focus on Measurement
The race to zero of eliminating latency from data distribution and processing continued apace in 2009, though firms also became more critical of their ability to accurately measure latency, to assess their status compared to their peers.
CEP Consolidates Position as Technology Matures
Complex event processing software vendors pushed into new business areas in 2009 as CEP gained adoption for mainstream applications, and to mitigate the impact of the economy with a diversified product set.
InfoNgen Preps Internal Content Management 'Appliance'
Web-based content aggregator InfoNgen is rolling out an application that aggregates and filters content to which firms already have access, providing portfolio managers and analysts with a manageable stream of individually targeted information.