Buy-Side Technology/News
Kurtosys buys FundWorks in strategic growth move
Kurtosys Systems, the London-based provider of client reporting technology and services to the alternative asset management industry, has acquired FundWorks Global Limited, also a provider of client reporting software, but with a more traditional asset…
Schroders opts for MoneyMate's hosted data service
Schroders, the UK-based $185 billion asset manager, has contracted Dublin-based data management service provider MoneyMate to host its global network of client-facing websites, to help centralise and validate fund information across its operations.
StreamBase unveils order execution strategies for high-frequency trading
StreamBase Systems, the Lexington, MA-based provider of complex event processing (CEP) technology has released a new library of order execution trading strategies supporting high-frequency trading initiatives.
Pricing Partners boosts calibration with Simplex
Pricing Partners, the Paris- based provider of mathematical models and analytics for derivatives and structured products, has implemented Simplex, a new optimisation technique, into its Price-it Library to enhance its calibration power.
Third Rome live with Triple'A Plus
Third Rome, a financial advisor specialising in wealth management services for high-net-worth and ultra-high-net-worth individuals of Russian origin, is in production after a three-month Accenture-managed implementation with Triple'A Plus from Odyssey…
Month in Numbers
"A growing trend in the industry involves managers and traders using pre-trade analysis to not only select algorithms but also as part of the portfolio construction process"
Gulfmena selects Asset Arena for AM ops
Gulfmena, an asset manager operating from the Dubai International Financial Centre specialising in the Middle East and North Africa, has selected SunGard's Asset Arena portfolio management platform to help automate its front- to-back-office operations.
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…
Instinet agrees to acquire TORC Financial
Instinet, the New York-based provider of electronic trading and agency-only brokerage services, has agreed to acquire the business and assets of TORC Financial, a provider of derivatives trading technologies.
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).