Buy-Side Technology/News
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).
DTCC releases historical CDS data
The Depository Trust & Clearing Corporation (DTCC) has enhanced transparency to the global credit default swap (CDS) market by expanding its public release of CDS data in its Trade Information Warehouse to include historical information on those…
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…
MFT adds property funds functionality
UBS Mutual Fund Technologies (MFT), the Kent, UK-based transfer agency provider has enhanced the functionality of its global transfer agency platform GFAS to service the €15 trillion property fund market (according to March MIPIM figures).
Strategy Lab survey: 41% of investment management industry in the red
A recent SimCorp Strategy Lab survey indicates that as much as 41% of the investment management industry is operating with cost rates at or above 99%.
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…
Month in Numbers
"The market landscape here is far from mature, and I'm totally expecting that next year there will be more dark pools operating than there are now - possibly significantly more" Rob Boardman, head of European electronic trading at ITG, casts doubt on…
StatPro signs Ridgewood Capital
Toronto-based Ridgewood Capital Asset Management (RCAM) has signed a multi-year deal with StatPro, the Wimbledon UK-based provider of portfolio analytics and data services to the global asset management industry. Ridgewood Capital, which currently…
Markit and the DTCC unveil OTC derivatives joint venture
Markit and The Depository Trust & Clearing Corporation (DTCC) have announced the September 1 launch of MarkitSERV, a new company combining the two organisations' electronic trade confirmation and workflow platforms to provide a single gateway for over…