Trading Tech
Short-sighted
It took a seismic shake-up of the US financial services industry and a veritable collapse of the independent investment banking sector in particular, but it seems the Securities and Exchange Commission (SEC) has suddenly - perhaps awkwardly -…
Omgeo acquires Allustra for collateral management
Post-trade operations provider Omgeo has acquired Allustra, a small London-based provider of collateral management software. The acquisition, the financial details of which have not been disclosed, is part of Omgeo's strategy to broaden its reach beyond…
Collateral management technology gains buy-side traction
The substantial growth of over-the-counter derivatives trading by traditional asset managers and hedge funds has driven up the use of collateral instruments, providing collateral management technology vendors with an opening to gain more buy-side…
A moving target
Among the myriad bogeymen haunting buy-side institutions in the current nightmarish financial market, the negative effects of trade latency have received a lot of press in terms of lost basis points, market impact, and failed best execution mandates. As…
As Rome burns
Stewart Eisenhart was in San Francisco midway through last month to attend this year's TradeTechWest conference. He reports that, while the current financial crisis in the US offered attendees and panellists the perfect opportunity to cry off, the no…
Fidelity prime brokerage takes Advent Geneva
Fidelity Prime Services , the prime brokerage unit of Fidelity Capital Markets Services, has implemented Advent's Geneva portfolio management and accounting platform to provide real-time, customised data and reporting services to its investment…
Canadian advisor live on LongView ASP
Montreal-based Sectoral Asset Management, a $3.7 billion investment advisor focused on the healthcare and biotechnology industries, has implemented the hosted version of Linedata Service's LongView Trading order management system to better integrate its…
Datacenter Ahoy!
NEWS
Activ Preps Brazilian Low-Latency Play
Low-latency data vendor Activ Financial is setting up a datacenter in Brazil that will house a locally deployed ticker plant for collecting market data from Brazilian exchange group BM&F Bovespa to distribute to local trading firms, and North American…
EPFR Tests Emerging Markets Currency Flows
Fund flows data provider EPFR Global is testing a new dataset that shows money flows into and out of different emerging market and global currencies, officials tell Inside Market Data .
CME Readies BM&F Data Rollout
The Chicago Mercantile Exchange is preparing to roll out data from Brazilian exchange BM&F in the next few days to trading firms in North America via its market data feed, officials tell Inside Market Data , though the exchange has not yet confirmed a…
Celoxica Readies European Feed Handlers
UK-based hardware acceleration technology vendor Celoxica plans to roll out new feed handlers to support a range of European markets, after the vendor completes its initial line-up of handlers for US markets in the coming months, officials tell Inside…
Emerging Markets Go Mainstream
As emerging markets attract ever-increasing interest from Western investors, Inside Market Data quizzes a panel of companies operating in and sourcing data from emerging markets around the globe on the challenges and opportunities facing firms looking to…