Trading Tech
Get it Right the First Time Around
Firms with effective data management practices will be better suited to adhere to coming Gips requirements, say Eagle Investment Systems' Joseph McDonagh and Danielle Newland
A New Breed of Regulators
The market turmoil has resulted in widespread criticism of financial regulation, begging the question if there is room for other institutions to take a more active role in the regulatory landscape. Carla Mangado explores the potential implications of a…
Celent anticipates 20% decline in hedge fund IT spending
Hedge funds and funds of hedge funds will reduce their technology spending by more than 20% during 2009 as the industry continues its unprecedented contraction. A new Celent report expects that technology initiatives for the near term will entail…
CSAs set for dramatic change
The demise of Lehman Brothers in September last year was a wake-up call to asset managers and other investors that the single-broker aggregator model for managing commission sharing agreements (CSAs) has its flaws. Reliance on a single equity broker to…
Born to perform
Since its inception just under nine years ago, BI-SAM has been quietly going about its business focusing on performance and attribution, risk, and reporting functions for buy-side firms. It is therefore no surprise that the Paris-based vendor has added…
Contango Capital Advisors migrates to hosted Eagle data management platform
Contango Capital Advisors, a California-based wealth management unit of Zions Bancorporation, has migrated from an installed version of Eagle Investment Systems' data management and reporting platform to Eagle Access, the vendor's ASP offering covering…
Bloomberg unveils new portfolio analytics
Bloomberg has added an analytics tool to its suite of buy-side trading systems that includes POMS (Portfolio Order Manage-ment System) and POMS-AI (Portfolio Order Management System for Alternative Investors).
Coming of age
John Comerford spent many years on the buy side in a variety of roles relating to trading, technology, and portfolio management, before he jumped ship to join Nomura and then Instinet, where he is now global head of trading research, based in San…
PG Capital Management goes live on Advent ABOS platform
PG Capital Management, a Washington, DC-based manager serving high-net-worth clients, is live on Advent Software's Advent Back Office Service (ABOS) for hosted back-office and data management capabilities, allowing PG Capital to focus more on its client…
Thomson Reuters fights fragmentation
Thomson Reuters last month unveiled two new initiatives to tackle the fragmentation of market data that has taken hold in Europ-ean markets since the introduction of Mifid in November 2007.
Quod unveils buy-side SOR offering
Trading software vendor Quod Financial is testing a new smart order routing system for buy-side firms that will integrate post-trade data from exchanges and other trading venues including dark liquidity pools.
The $35,000 toilet bowl
At last, a fitting symbol of the unfortunate combination of malfeasance and stupidity crippling the financial services industry and pushing the world to the brink of economic depression: former Merrill Lynch chief executive John Thain, freshly relieved…