Articles by Jake Thomases
Abacus Delves Into the Voice World
Abacus, a provider of hosted IT solutions for hedge funds and private equity funds, today unveiled AbacusVoice, a voice solution in which call traffic is routed over a secure network and sheltered from traffic disruption.
Tiny UAT Hooks Bloomberg to Back Commission Savings Software
Tom Warren's goal was to build something that would save US shareholders $1 billion a year. On its own, the commission savings software he created with UAT co-founder Allan Chiulli might not have reached that mark. With Bloomberg's name behind it, it may…
LME Takes on Smarts Broker For Surveillance
Nasdaq OMX has launched the Smarts Broker market surveillance solution for commodities trading on the London Metals Exchange (LME). The launch includes the go-live of two broker-dealer customers, including Newedge.
StatPro and Pacific Fund Systems to Offer Calculations
Users of PFS-Paxus, the share registry, fund accounting, and allocations platform of Hong Kong-based hedge fund tech provider Pacific Fund Systems (PFS) will now be able to perform online portfolio analysis and Value-at-Risk (VaR) calculations through…
CEO Brodsky Steps Down at CBOE
William Brodsky, chairman and CEO of CBOE Holdings, will step down as CEO following the Annual Meeting in May 2013 to assume the role of executive chairman of the board. Brodsky, who has served since 1997, took the company public in 2010.
SS&C and Abacus Pair Up on Connectivity
Connecticut-based SS&C Technologies has teamed up with Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, to provide investment firms hosting their platforms on the AbacusFLEX private cloud with a turnkey global FIX…
Instinet Adds Multi-Strategy to Commission Management Tool
Agency-only broker Instinet has launched an enhanced version of Plazma, its multi-asset commission management platform.
Sapient Approved as Eris Training Partner
Boston-based Sapient Global Markets has been certified as an Implementation Partner by Eris Exchange, the Chicago-based futures exchange aimed at the OTC derivatives market.
Iowa BD Turns to SunGard for Social Media Surveillance
Iowa-based broker-dealer Berthel Fisher & Company Financial Services announced today its adoption of SunGard's Protegent Social Media Surveillance for regulatory compliance and monitoring of its advisors' online activity.
OpenGamma Poaches Calypso's Nakachi for COO
In addition to handling operations, Mas Nakachi will lead the New-York base of operations.
Multi-Asset Platforms Are Efficient, But Don't Force It
As various asset classes sprung to life over the years, the trading desks that handled them often blossomed independently. Futures, options, equities, bonds, and the like became robust, yet siloed, at the big banks. Separate trading systems evolved to…
Multi-Bank FX Platforms More Ubiquitous, Less Popular
Foreign exchange (FX) traders are getting more comfortable with algorithms and electronic platforms, says Ugur Arslan, CEO of New York-based quant fund AienTech, at a webinar hosted by Lexington, Mass.-based complex event processing (CEP) software vendor…
FHLB Topeka Adopts Principia for Valuation
The Federal Home Loan Bank of Topeka (FHLB Topeka) has signed up to access Principia's web-based derivatives valuation and risk analytics platform.
Waters Announces 2012 American Financial Technology Awards Winners
Last night, Waters hosted the eighth annual American Financial Technology Awards banquet, following the Waters USA conference, at the New York Marriott Marquis in Times Square.
PJM Adopts Tethys EMS
PJM Capital, a Potomac Falls, Virginia-based quant hedge fund, has gone live with TethysEMS, the algorithmic trading platform from Tethys Technology, and will deploy it over TethysCloud.
Credit Suisse's Muthu: Multi-Asset Platforms Good For IT, Not Necessarily Revenue
The bottom line at any financial institution is always the bottom line, as in the dollars and cents. As he wrapped up a panel discussion on the consolidation of trading desks and multi-asset class strategies, it was appropriate that moderator Greg Wood,…
BlackRock CTO: Vendors Not Meeting Enterprise Needs
During a CIO roundtable at Waters USA this morning, BlackRock CTO Scott Condron bemoaned the lack of innovation by West Coast technology suppliers for producing solutions for enterprises like his. One such supplier in the audience took exception.
Direct Edge Adds Pre-Trade Risk Controls
Direct Edge has added EdgeRisk Controls, a pre-trade risk tool for its EDGA and EDGX Exchanges, which facilitates compliance with the US Securities and Exchange (SEC) Market Access Rule 15(c)3-5 for broker-dealers and their clients.
PFSoft Introduces Module for Algo Trading
Ukraine-based PFSoft introduced AlgoStudio, a tool for algorithmic strategy development that supports MQSL and C# languages, as part of the ProTrader 2 direct market access (DMA) platform for trading strategies creation, optimization and back-testing.
Preventing Internal Breaches: The Call is Coming From Inside the House!
Hedge funds' internal networks are at risk more from internal breaches than external, say a pair of fund security experts. Though some kind of problem is going to happen to anything bigger than a family shop, there are basic steps the IT and operations…
Thunderhead Doing Trade Documentation on the Cloud
Thunderhead.com, a UK-based automator of trade documentation, has launched ONE for Capital Markets for the cloud. The solution, which automates trade and relationship documentation processing and all paper transactions throughout the trade lifecycle, is…
Hubscher to Lead Marketing at Object
Dan Hubscher has been taken on the newly created position of marketing director at direct market access (DMA) provider Object Trading.
Numerix Unveils Latest Version of CrossAsset
Numerix has released version 10.2 of CrossAsset, its flagship analytics framework for structuring, pricing and risk managing any derivative.
Buy-Side Technology Awards: Best Buy-Side Execution Venue─Liquidnet
When you think buy-side block trading, you think Liquidnet. The 13-year-old crossing network remains the pre-eminent player in the movement of institutional orders, even as order sizes continue to be shredded in dark venues globally. Liquidnet has…