Articles by Timothy Bourgaize Murray
Sell-Side Technology Awards 2014: Best Sell-Side Market Risk Product — OpenGamma
Great outcomes are sometimes born of the unexpected. That truism is arguably more pertinent to OpenGamma, and its Platform for Margining offering—this year’s market risk award recipient—than any other category winner in this year’s Sell-Side Technology…
Sell-Side Technology Awards 2014: Best Sell-Side Credit Risk Product — Numerix
Following a pair of 2013 Sell-Side Technology Awards wins for its CrossAsset credit risk platform, including sell-side product of the year, Numerix is back in the same position one year later—perched on top. But unlike the firm’s continued success in…
Credit's IT Crunch
Credit teams face tremendous operational stress on both sides of the Street, while new kinds of data governance schema and advanced analytics are popping up, helping them to cope. A quartet of buy-side and sell-side technologists give their take on where…
SEC's Berman: Let Data Allay Investors' Fears, Drive Test Pilots
Gregg Berman, associate director of the Securities and Exchange Commission’s (SEC’s) office of analytics and research (OAR), told an audience at the annual Options Industry Conference in Austin, Texas, that while distinct from the major technology…
Sell-Side Technology Awards 2014: Best Sell-Side Newcomer (Vendor or Product) — Markit
At first blush, it might seem strange that a vendor as ubiquitous as Markit would come away with the award for best newcomer in the 2014 Sell-Side Technology Awards. And yet this year, the vendor has done just that with its new integrated resource…
ConvergEx Completes Actant Integration
The global brokerage services provider says its LiquidPoint options technology business has completed software integration with high-performance trading solutions vendor Actant
SSGX Aligns Trade Execution and Clearing, Adds Corporate Bonds
State Street Global Exchange (SSGX) says it has now aligned its trading and clearing solutions for its Currenex foreign exchange (FX), futures, and fixed income services, with newly-included fixed income intermediation for electronically-traded…
Divine HFT Providence?
Public investors are about as important as institutional clients come for buy-side shops. Tim wonders what we should make of the class-action civil suit brought this week by one of them—the City of Providence, Rhode Island—alleging high-frequency…
Atlas, NSX Sign MOU For Digital Currency Oversight
Atlas and Jersey City, N.J.-based National Stock Exchange (NSX) have signed a memorandum of understanding to make the alternative trading system (ATS), which facilitates trading in Bitcoin, Litecoin, and digital currency options, the first of its kind to…
NBAD to Become First Market Maker in United Arab Emirates
The National Bank of Abu Dhabi (NBAD) has been issued the first license from the Securities and Commodities Authority (SCA) to commence market-making activity in the United Arab Emirates.
SocGen's Neeraj Hegde: Latency is a Multi-Dimensional Issue
Speaking on a North American Trading Architecture Summit panel this week, Societe Generale's senior quantitative strategy developer for global equities, Neeraj Hegde, offered an alternative argument for why speed from black box trading system to exchange…
SEC's Berman: The Data Disputes HFT Narrative
The US Securities and Exchange Commission's (SEC’s) office of analytics and research has run extensive studies in the past year on cancellation rates and other market activities related to high-frequency trading (HFT). Citing the results, Gregg Berman,…
SEC's Berman: The Data Disputes HFT Narrative
The US Securities and Exchange Commission's (SEC’s) office of analytics and research has run extensive studies in the past year on cancellation rates and other market activities related to high-frequency trading (HFT). Citing the results, Gregg Berman,…
GW&K Taps Fidessa Sentinel For Compliance
The $20 billion Boston-based investment manager will use the vendor's Sentinel Compliance Service to reduce operating costs across its taxable fixed income, municipal fixed income, institutional, advisory, and private client businesses.
Curing What Ails US Equities: More 'Law and Order,' Less 'X-Files'
Tim consults a pair of lobbyists for their take on the Flash Boys kerfuffle and straightforward microstructure improvements that can be made today. In the process, he also fits in two hopelessly dated television references.
BBH Enhances Collateral Management with CME Clearing
Private bank Brown Brothers Harriman (BBH) says it will now support CME Clearing's fourth interest earning facility (IEF4) program, which helps futures commission merchants (FCMs) optimize margin deployment for listed and cleared OTC swaps.
Cross-Lending Takes Shape, Upending IT Demands
The teams servicing traditional commercial lending and credit facilities for private equity and venture capital shops have historically sat on separate sides of the bank. But as sell-side firms become more flexible in the types of lending they pursue,…
National Australia Bank Taps Misys for Trade Finance
One of Australia's four largest financial institutions, National Australia Bank (NAB) is now using the vendor's TI Plus to automate trade finance and supply chain finance processing for its Australian, Asian, and New Zealand-based operations.
BAE Systems Applied Intelligence Taps Anderson
The fraud detection and systems surveillance provider, formerly known as BAE Systems Detica, has hired James Anderson as president for the Americas region.
SunGard Introduces Upgrades For Investran 7
New features from the firm's private equity (PE) business unit, which is based in Miami, Fl., will include Data Exchange and Insight tools for better transparency and reporting, as well as customizable interfaces for flexible delivery of information to…
Simulation Tools Key as Managed Futures Funds, CTAs Optimize Execution
A potent mixture of in-house, futures commission merchant, and boutique brokerage-provided algorithms now play a part in commodity trading advisors’ and managed futures funds’ trading activities. Tim Bourgaize Murray examines why a new cadre of…
MTS Completes First European Bond Trade For US Clients
The dealer-to-client electronic bond trading venue, a property of London Stock Exchange Group (LSEG) that specializes in European government debt, says trading has begun for stateside users.
Finnish Pension Fund Elo Mutual Live on SimCorp
Elo Mutual Pension Insurance Company, the product of a recent merger between Pension Fennia and Local Tapiola Pension Company managing about $24.8 billion, is now using SimCorp Dimension for integrated front-to-back data management and automated…
TrueEx Introduces Bunched Swap Orders
The designated contract maker (DCM) says it can now process bunched-order swap allocations in concert with Credit Suisse's futures commission merchant (FCM) arm and LCH.Clearnet's SwapClear service.