Trading Tech
Waiting for the Issuers
Industry efforts to standardize the corporate actions space are ongoing, but greater issuer involvement is now seen as a must to move ahead. Carla Mangado reports on the corporate actions discussions at Sibos 2009
Evaluated prices - The Evolution of Evaluation
The financial crisis has resulted in an increase in visits from auditors, and pressure on investors to have a comprehensive understanding of pricing of illiquid assets. Inside Reference Data gathered leading industry professionals to discuss credible…
Lands of Opportunities
In September, when industry professionals flocked in their thousands to Hong Kong for Sibos 2009, all eyes were on Asia. Carla Mangado explores the approach to data management in the region
A Fine Climate
The reference data community has long been under pressure from ryegulators, but there has been a lack of sizeable fines for failure to meet data requirements. This is now changing. Tine Thoresen discovers that the market can expect to see increased…
American Century ditches legacy back-end for SimCorp
American Century Investments, the $78 billion Missouri-based investment and mutual fund manager, has begun implementation of SimCorp Dimension in an effort to enhance the middle- and back-office operations of its institutional business.
Markit and DTCC unveil MarkitSERV
Markit and the Depository Trust & Clearing Corporation (DTCC) have launched MarkitSERV, a new company that combines the two organisations' electronic trade-confirmation and workflow platforms to provide a single gateway for over-the-counter (OTC)…
RTS and Fixnetix in low-latency alliance
RTS Realtime Systems Group, the Ravensburg, Germany-based trading systems provider, has teamed up with Fixnetix to provide ultra-low-latency trading tools for the high-frequency trading community accessing European equity and derivatives markets.
Kepler live with SunGard for Euro market connect
Amsterdam-based agency brokerage Kepler Capital Markets, is using SunGard's ASP-based connectivity services to help broaden its market connectivity in Europe. Kepler has added three new gateways to access the public order books of BATS Europe, Nasdaq OMX…
New contracts for RBC Dexia
Manulife (Singapore) has selected RBC Dexia Investor Services to handle the fund valuations for 42 investment-linked portfolios and the accounting for more than $1.05 billion in funds under management (consisting primarily of fund of funds structures).
LLB Group selects SunGard's Ambit platform
Liechtenstein-based LLB Group has selected SunGard's Ambit Risk & Performance Management platform to support its liquidity risk management and asset/liability management functions. According to SunGard, LLB Group will use Ambit's automated processes to…
DekaBank goes live with SunGard's Asset Arena Compliance
Frankfurt-based DekaBank's central asset management arm, with €168 billion under management, has implemented SunGard's Asset Arena Compliance product to provide back-office support for its pre-trade, post-trade and post-NAV compliance requirements. Asset…
Jericho implements Tradar Insight system
Jericho Capital Asset Management, a New York-based start-up hedge fund manager, has implemented Tradar Insight, an integrated portfolio management and accounting system from London-based hedge fund technology provider Tradar. Jericho installed Tradar…
Chi-Tech adds FTEN tools to platform
Chi-X Global's technology services unit Chi-X Global Technology (Chi-Tech) has partnered with trading and risk software developer FTEN in an effort to beef up the high-frequency execution and risk capabilities of its MarketPrizm electronic trading…
Changing places
Paul Squires, head of trading at AXA Investment Management in London, has witnessed a number of industry changes over the years, but few have been as dramatic as the shift in the balance of power from the sell side to the buy side over the last 18 months…
Connect to control
When AQR Capital Management, the $20 billion quantitative hedge fund and investment manager based in Greenwich, Connecticut, decided to upgrade its trade-matching processes, it had no other vendor than Omgeo in mind; and with Omgeo having developed a…
Everything in its right place
What a difference a year makes. The 2008 TradeTech West conference in San Francisco took place just days after the collapse of Lehman Brothers and the heralding of the global credit crisis. Projections of shoestring technology budgets, major overhauls of…
XSP partners with Decillion Group on corporate actions
XSP, the Birmingham, Alabama-based corporate actions software provider, has partnered with Decillion Group, a banking software firm and Swift's official business partner for Australasia, to provide a service-based version of the XSP v5 corporate actions…