Buy-Side Technology/News
Month in Numbers
"Brokers often parcel up the leftover parts of their orders and put them into their dark pool, creating toxic waste that they hope will get matched up"
FolioDynamix acquires SunGard investment unit
FolioDynamix, a New York-based unified managed account (UMA) technology developer, has bought SunGard's SunGard Advisory Technologies (SAT) business unit. SAT develops investment and wealth management technology platforms, and has a client base of…
SunGard, PerTrac ally to support FOHFs
Global software giant SunGard has partnered with PerTrac Financial Solutions, a NY-based provider of front- and middle-office technology, to create a more complete offering for funds of hedge funds (FOHFs) and their administrators.