Articles by Timothy Bourgaize Murray
'Dynamic' Ucits Beget Questions of Internal Data Governance, Administration
Since initial implementation of the fourth iteration of the European Commission's Undertakings for Collective Investments in Transferable Securities in 2011, and with two further directives, Ucits V and VI, already set to be respectively voted on by the…
AX Trading Introduces Direct Block Trading in Private Equity Shares
Alternative trading system (ATS) AX Trading’s DirectAX auction service will enable investment banks with private equity and venture capital clients, as well issuer companies, to trade shares directly.
Empire Builder: Blackstone CTO William Murphy
Rising from an unlikely introduction to technology, Blackstone Group’s CTO Bill Murphy explains how the firm’s infrastructure, new products, and a fresh mindset are supporting its rapid diversification. By Tim Bourgaize Murray with photos by Amy Fletcher
No Small Gamble: DR and BCP Post-Sandy
Heightened awareness of catastrophe showed itself as technology providers of all ilk endured the landfall and aftermath of Hurricane Sandy. Tim Bourgaize Murray asks the industry for a primer in disaster recovery and business continuity, discovering a…
Citi Realigns Institutional and Consumer Banking Tech Control
As co-presidents, Jamie Forese and Manuel Medina-Mora will have immediate technology oversight as part of CEO Michael Corbat's new management structure.
2012's Financial Crime Coups Raise Stakes, Anxiety
Global regulation was the year’s obsession, but criminal probes─from rate rigging to rogue trading; sanctions violations to insider bets─won the headlines in 2012. Not every financial crime has a ready tech fix, but with buy-side cornerstones like SAC…
NYSE Euronext Bid Puts 2012 on ICE
News of the IntercontinentalExchange’s (ICE’s) $8.2 billion cash-and-shares bid for the venerable New York Stock Exchange (NYSE) ends a year of speculation over consolidation and the future of the landmark equities operation at Broad and Wall Streets in…
iTB, BGC Pair on Electronic Treasuries Access
The institutional fixed income software provider says its clients can now connect directly to BGC's US government bonds trading platform, eSpeed.
Options IT, Advent Agree on IaaS Partnership
The private cloud provider, now known simply as Options, will host Advent's Geneva solution on its Options PIPE platform.
ConvergEx Adds PortfolioScience's Risk Management Toolset
The RiskAPI tools will be integrated directly into ConvergEx's Eze order management system (OMS).
Saudi Hollandi Ramps Up Trade Finance with Misys
Saudi Arabia's first operating bank, formed in 1926, Saudi Hollandi Bank (SHB) will employ Misys' transaction banking solution to ramp up its portfolio of cash management services that support investment in international trade.
Brown Brothers Harriman Hones Automated ETF Portal
US private bank Brown Brothers Harriman’s (BBH’s) exchange-traded fund (ETF) portal suite, ETF Connect, will see fund sponsors, authorized participants (APs) and BBH—acting as administrator and custodian—manage exchange-traded fund operations through a…
CounterpartyLink Releases KYC Compliance Index
Legal entity intelligence firm CounterpartyLink, also known as CPL, will make a know-your-client (KYC) compliance index, as well as deeper beneficial ownership information to 10 percent levels, available on its web-based service, CPL Online.
Infrastructure, Optimization Tools Imperative for New Swaps Execution
A modernized US swaps market portends benefits as well as costs for the buy side. But most of all, experts say, it means building technology that can cope─independently─with change.
IPC Survey Reveals Tech Spend Shifting to Cloud, Away from HFT
Of over 120 respondents to a survey by communications technology vendor IPC at the Futures Industry Association (FIA) Chicago event, three out of four say technology spend will increase in 2013, driven mostly by a pursuit of increased efficiency, with…
Xenomorph, Numerix Pair on Derivatives Trade Pricing
The providers of data management and derivatives valuation analytics say users of Numerix's Portfolio solution will now have integrated access to Xenomorph's TimeScape system, forming a complete risk management function.
Citi's Hill: Cloud Augurs 'Biggest Shift Since Desktop Browsers’
At this week's Waters USA conference in New York, executives from UBS, Lord Abbett, and Citi agreed that on matters of cloud, the questions will be “how” and “when,” rather than “if.”
Sun Trading Expands with Kx Database
Chicago-based proprietary trading shop Sun Trading will use Kx Systems' kdb+ for time series analysis and real-time capture of quantitative trading data.
SEC's Lewis: Regulator Rapidly Catching Up With Analytics
The US Securities and Exchange Commission (SEC) is becoming more technology-aware, according to Craig Lewis, director and chief economist for the SEC’s risk, strategy, and financial innovation division.
iTB to Offer Access to NYSE Bonds
The move will provide firm quotes for listed debt on iTBconnect, with twin goals of increased liquidity and lesser fragmentation.
Omgeo Releases Solution for CFTC Mark-to-Market Requirements
ProtoColl will enable sell-side firms to meet daily mark-to-market and counterparty reporting mandates for their derivative positions.
Bending the Rules
Innovative use-cases at BNY Mellon and M&T Bank highlight how technology can better harness “data in motion,” just as firms are evolving the way their applications are controlled and behave. By Tim Bourgaize Murray
Elisse Walter Named SEC Chair, Likely to Seek Greater Coordination Abroad
Democratic commissioner Elisse Walter, who served as acting chairwoman in early 2009, takes over at the helm of the SEC in December.
Private Ties: Technology Rises in Private Equity
Much of private equity rests on old relationships and privity of information, but with limited partnership investments becoming more common for a wider array of investors, and a secondaries market gaining steam, technology is blossoming in unlikely…