Articles by Timothy Bourgaize Murray
DTCC Buys Thomson Reuters' Omgeo Stake
The Depository Trust & Clearing Corporation (DTCC) will take full ownership in the post-trade and settlement platform provider. Thomson Reuters and DTCC had held equal 50 percent shares in Omgeo since its founding in 2001.
SimCorp, AcadiaSoft Partner on Margin Calls
The investment management solutions provider will use AcadiaSoft's MarginSphere instant messaging service, which provides automation of dispute-based processing for collateral issues and exceptions.
Chile's Comder Taps Calypso for CCP
The South American central clearinghouse, created by a consortium of Chilean banks, will use the software provider for its core central clearing (CCP) infrastructure.
Meeting Transaction Tax 'What-Ifs' Demands Platform Flexibility
Financial transaction taxes (FTTs) may jive with political anxiety over the markets, but legislating them isn't so straightforward. Likewise, add-on solutions required to cope with the new levies must go well beyond a conventional fee calculator.
Counterparty Credit Models Herald New Workflows
Initial cost and hardware limitations are often tallied as potential problems for sell-side firms complying with new capital-charge requirements by optimizing netting strategies and collateral usage. Now those firms face a different challenge: where to…
Swedbank Robur Online with SimCorp for Solvency II
The Swedish asset manager, with about $70 billion actively managed across 130 funds and institutional clients in Scandinavia and the Baltics, has expanded its previous SimCorp Dimension implementation with an add-on for the upcoming regulation targeting…
Poles Apart? Tech Push Boosts Poland's Prominence
Capital markets in Central Europe—and especially Poland—have made steady gains after being unlocked by the collapse of the Soviet Union, with new technology helping to both catalyze reform and create jobs. Tim Bourgaize Murray reports from Warsaw on the…
Broadridge Backs Bloomberg Tradebook
The investor communications provider is now helping Bloomberg's agency brokerage begin self-clearing U.S. equities with its hosted business process outsourcing (BPO) solutions.
BankersAccuity Adds Russian PEPs to WorldCompliance
The new database of politically-exposed persons (PEPs) reflects recent tightening of rules requiring know-your-customer (KYC) monitoring both in Russia and internationally.
Mini Options' Early Successes Attract Prop Shops, Divert Tech Spend
Introduced in March, five “mini options”—or options tied to a minimum number of 10 shares, smaller than their conventional larger relatives that usually require 100—are steadily attracting proprietary trading shops behind the retail investors they were…
Nice Systems Releases New Trading Floor Communications Oversight Tool
The Israeli software provider says its Proactive Compliance Solution will help firms monitor and investigate trade interactions, capacity requirements for which have increased under the Dodd-Frank Act and other new regulations globally.
Euronext Exchanges Delay Opening After Glitch
Trading was delayed for about an hour at exchanges in Paris, Lisbon, Brussels, and Amsterdam after an as-of-yet unidentified technology malfunction.
WCAS Taps iLevel for Performance Reporting
Welsh, Carson, Anderson & Stowe (WCAS), a $20 billion private equity specialist investing in information services and healthcare, will use the cloud-based software provider's solution for data collection, portfolio company valuations, reporting, and…
Ex-Tradeweb, Benchmark Solutions CEO Toffey Joins GFI
James Toffey, who founded Tradeweb and later worked with private equity firm Warburg Pincus to build short-lived fixed income pricing provider Benchmark Solutions, will head up the interdealer broker's electronic markets in cash, derivative instruments,…
Private Equity's Data Play
In private equity, general partners (GPs)—which invest directly in portfolio companies—are becoming more sophisticated about monitoring those companies’ performance, while limited partners, which invest in the GPs’ funds, are in turn scrutinizing the…
SocGen's New Lease: CTO Bob Schmeider Prepares a Built-to-Spec New York Trading Floor
In July, Société Générale is heading east to its new home at 245 Park Avenue. With the massive infrastructural consequences in store, Americas CTO Bob Schmeider has found a project—la nouvelle maison Americaine—that is ideally fit. By Tim Bourgaize…
'Trust But Verify’ Key to Contracts Post-Bloomberg Spying Scandal
With renewed focus on security protocols for data and communications, conventions already in place for trading platforms are a good place to start.
RMS, Eqecat Sign Data Standardization Agreement
The pair of competing specialist modeling vendors for insurance-linked securities (ILS) like catastrophe bonds have come together to harmonize their exposure data schema.
Bloomberg Releases IB Dealing for FX Traders
The chat-based platform, called Instant Bloomberg (IB) Dealing, is now being used for trade negotiation and execution by more than 100 banks globally.
Westpac Taps Broadway Technology for Global FX
The Sydney-based bank's institutional arm says it will deploy Broadway's high-performance TOC software platform to back increased trading activities in Australian (AUD) and New Zealand (NZD) dollars, key Asian currencies, and the mainstay G3: US dollars,…
Temasek Officially Takes Stake in Markit
The deal signed by the Singaporean sovereign wealth fund, which had been speculated upon for a couple weeks, was previously reported by the Financial Times and Reuters to be worth about $500 million, with the stake bought from existing investment banking…
RSJ Implements Kx Systems' kdb+
The Prague-based proprietary trading shop, among the leaders in derivatives trading on NYSE Liffe, will use Kx's database and time-series analysis platform to support modeling for its algorithmic trading systems.
GFI Builds Out SEF, DCM Capacity with Violin Memory
Wholesale brokerage and electronic execution provider GFI will deploy Violin's solid-state Flash Memory Arrays for increased speed and capacity across all its trading platforms.
Energy Specialist Denham Capital Live on iLevel
The $7 billion private equity firm, which funds both traditional and alternative energy investments, now uses iLevel's turnkey solution for collecting data, tracking portfolio company valuation, and producing performance reporting.