Trading Tech
This Month In Numbers
"Our research shows that there is no more hedge fund money in the oil market than there was last July when prices were $60 lower - if anything there is reduced participation"
Canadian manager automates trade processing with Omgeo
Connor, Clark & Lunn Financial Group (CC&L), a $36 billion boutique asset manager in Canada, has implemented the Omgeo Central Trade Manager (Omgeo CTM) for automated processing of domestic and cross-border trades.
Primed to perform
DSTi is no newcomer to the buy side having been established some 30 years ago. But the Surbiton, UK-based vendor's lengthy pedigree hasn't impeded its ability to bring new products and upgrades to market, one of the most recent of which is the firm's…
Hedge fund OTC derivatives processing market to double by 2010
Over-the-counter derivatives processing technology has historically gained most of its traction on the sell side, but providers' opportunities to expand market share among buy-side users look set to expand significantly as hedge funds and traditional…
Fidessa unveils next-generation algorithms
Sell-side trading platform provider Fidessa has launched a new suite of algorithmic trading strategies into the US market, with long-term plans to roll them out to Europe and Asia.
Administrator takes SunGard Front Arena for multi-asset support
LaCrosse Global Fund Services, a fund administrator and middle-office service provider with more than $14 billion in client assets, has implemented SunGard's Front Arena multi-asset trading and valuation system to support a variety of more complex…
An army of one
The economic downturn in the US has had some surprising consequences. The Associated Press reports that the US Marines and Army received a surge of new recruits in April, which took them well above their recruitment goals despite the unpopular and ugly…
Euro wealth management tech market nears $2 billion
Spending by the European wealth management industry will reach $1.7 billion by the close of 2008, growing at a somewhat more modest pace than in recent years as global economic indicators remain volatile. Despite current challenges in financial markets…
Spotlight on Richard Balarkas
Richard Balarkas, the man who played a key role taking CSFB electronic, is heading up Instinet's European operations. He talks with Stewart Eisenhart about the agency broker's goals and challenges in a post-Mifid landscape, as well as how a distinctly…
Learning from the buy side
Udayan Goyal, a managing director at Deutsche Bank and part of Deutsche's Global Financial Technology Advisory Practice, believes the sell side has a lot to learn from the buy side when it comes to identifying, developing, and deploying technologies to…
One hub to rule them all
The rapid rise in the use of STP for OTC derivatives trade affirmations and confirmations has triggered the establishment of a number of players over recent years with platforms from DTCC and SwapsWire dominating the market. However, the fact that no…
The gloves come off at TradeTech... sort of
With the LSE, Chi-X, and Turquoise on the same panel, everyone at this year's TradeTech conference could be forgiven for thinking they were in for something of a Mexican stand-off. But as Joel Clark reports, the panel discussion turned out to be a damp…
Attitude adjustment
The expectation game's role in the hedge fund industry can prove make-or-break more often than not for many individual managers. Bearish investor expectations in particular don't bode especially well. By Stewart Eisenhart
A northern tale
The wealth management industry has become a happy hunting ground for front-office technology providers who can assist managers in growing their business. When one such vendor deployed its platform to Border Asset Management early last year, it found a…
Knight Cuts Knight Link Latency
JERSEY CITY, N.J.-Broker-dealer Knight Capital Group is reducing the latency in its internal crossing network, Knight Link, almost by half, firm officials tell DWT .