Articles by Timothy Bourgaize Murray
Marco Polo, Perseus Paired in Emerging Markets DMA Push
Marco Polo New World, a consolidated offering from the jointly-owned direct market access (DMA) and connectivity providers, looks to answer demand for broader access in untapped markets.
Misys Adds Medlock as CFO
Rick Medlock will join the buy-side technology provider in 2014 after leaving Inmarsat, a mobile satellite services company where he has overseen finances since 2004.
Hedgebay Launches Electronic Settlement for Secondaries
The Nassau-based platform for trading in hedge fund secondaries and related products has added the new settlement service to speed up transactions, reducing overall trading time by 20 percent.
In the Public Interest: Tech Critical as Public Investors Seek More Active Approach
A small but influential set of private equity’s limited partners, many of them quasi-public entities like pension plans and sovereign wealth funds, are considering co-investment strategies with their general partners, or even arranging deals directly…
MarketAxess SEF Online with Traiana's CreditLink
MarketAxess says it has completed the first live trade through its swap execution facility (SEF), using risk checks provided by Traiana's CreditLink hub.
Messaging Architecture Key as Citadel, REDI Partner on New OEMS
The pair of technology providers—both with sterling ancestry—are looking to confront a problem that, so far, has alluded a durable solution for the buy side. They are not the first to try—but from a tech perspective, the match looks promising.
Numerix Introduces New Volatility Framework for CrossAsset
The universal local stochastic volatility model with jumps (ULSVJ) will help firms to price and manage semi-exotic derivatives such as barrier options, and should prove particularly useful for market makers in FX and EQ options.
Oppenheimer & Co. Goes Mobile with Interactive Data's Market-Q
The real-time streaming market data desktop and mobile solution for tablet was implemented after a comprehensive analysis of the Oppenheimer's new operating requirements was undertaken.
TeraExchange Granted SEF Status
The multi-asset class execution venue has been granted temporary swap execution facility (SEF) registration from the CFTC.
London's BlueBay AM Live on SimCorp Dimension
The $53.9 billion asset manager will use Dimension for trade processing, derivatives clearing, investment book of record (IBOR), fund valuation, investment accounting, data and collateral management.
FIX Trading Community Updates Bond and Swaps Platform Guidelines
The industry-driven standards body has incorporated best practices for cross-asset trading, legal entity identifiers, central counterparty clearing, and electronic booking of voice trades into its new guidelines, ahead of full implementation of US swaps…
CFTC Casts Wide Net on Futures HFT Curbs—Will the Catch Prove Deadly?
Statements of concurrence from Commodity Futures Trading Commission (CFTC) commissioners Scott O'Malia and Bart Chilton, and support from chairman Gary Gensler, quickly followed the CFTC's concept release on proposals to reduce systemic risk by curbing…
SimCorp Study Notes Legacy Systems' Stubbornness, R&D Disparities
The research note from Ingo Walter, an NYU Stern Professor, surveyed 500 buy sides - finding that around a quarter of the world's top investment managers are still operating on legacy systems, despite their inherent challenges.
Tradition Taps Bloomberg Price Fixings for Volatis Trading Platform
Interdealer broker Tradition is to use daily price fixing observations from Bloomberg's independent valuation services for derivatives and structured notes, to provide prices that more accurately reflect realized volatility to Volatis, the broker's newly…
Bloomberg Supplies Fixings Valuation for Tradition's Volatis
Volatis, the interdealer broker's newly-launched hybrid platform for negotiation and trading of realized volatility futures, will use daily fixing observations from Bloomberg.
PensionsFirst, WinTech Partner on Corporate Liability Risk
The new strategic partnership will leverage WinTech's asset liability modeling tool ProVal, with PensionsFirst's analytics software, PFaroe, allowing CFOs and treasurers to more easily migrate external data, monitor daily funded status, and dis-aggregate…
Fund Managers Say Good Tech Boosts Credibility
Portfolio managers say sound technology enhances an alternative buy-side firm’s credibility, according to new research from SunGard and Aite Group.
Vermilion Sets Up Singapore Shop
Already on the ground, the London-based reporting software provider to the buy side intends to grow its staff in Singapore to 10 in the coming year as it targets growth there, in Australia, and Hong Kong.
Aquis, Seeking Transformative Model, Lines Up Partners
London-based, pan-European multilateral trading facility (MTF) Aquis Exchange is embarking on a new approach to its pricing model and capital formation as it awaits final approval from the UK's Financial Conduct Authority (FCA).
Lime Rock Partners on iLevel for Reporting
The $5 billion private equity manager, a specialist in oil and natural gas projects based in Westport, Conn., will use iLevel's cloud-based Private Capital Data platform for portfolio monitoring and centralized data collection.
BGC Partners Joins Cadre of SEF Applicants
The electronic and voice brokerage is the latest in a number of financial services firms to apply to the U.S. Commodity Futures Trading Commission (CFTC) to become a swaps execution facility, or SEF.
ATG, Risk Office to Build Clearinghouse in Brazil
Americas Trading Group (ATG), a liquidity center and provider of exchange technologies in Latin American markets, says it has partnered with Brazil-based Risk Office to build out clearing functions ahead of its 2014 launch of ATS Brasil.
Options Taps Varonis for Data Permissioning
The Infrastructure-as-a-Service (IasS) provider to financial services will use Varonis's DatAdvantage solution to protect clients' dedicated virtual NAS (network attached storage) servers, which are scattered globally and number in the hundreds.
Piece by Piece, Bank Loans See Upgraded Settlement Automation
Making inroads into automated settlement for bank—or syndicated—loans trading has proven difficult for technology providers, with bespoke contractual terms and complex documentation often at issue. Still, there are gains to be made.