Linedata Nabs Risk Analytics, Portfolio Management Vendor Derivation
Linedata's asset management platform will see major upgrades as a result of the acquisition.
Derivation, which was founded in 1996 and is headquartered in England, employs less than 20 people and saw revenues of roughly £2 million ($2.82 million) in 2015. Linedata has nearly 1,000 employees in 16 offices. The firm achieved €172.3 million ($196.5 million) in revenues in 2015.
"Offering our clients global, high-quality, scalable solutions is a cornerstone of our Linedata 2018 global leadership strategy. Having a comprehensive range of asset management solutions is key to leading the sector and driving our growth", said Anvaraly Jiva, founder and CEO of Linedata, in a statement "The teams at Derivation share our values of customer service and entrepreneurship, and we are delighted to welcome them into Linedata."
After the acquisition, Linedata plans on releasing major updates to its asset management platform, specifically focusing on improving coverage of MiFID II, enhanced compliance monitoring and advanced fixed-income and derivative portfolio management.
There have been a slew of acquisitions on the buy side around risk platforms this year, as discussed in a recent episode of the Waters Wavelength podcast.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Waters Wavelength Ep. 297: How to talk to the media
This week, Tony and Wei-Shen discuss the dos and don’ts for sources interacting with the media.
The Waters Cooler: Tidings of comfort and joy
Christmas is almost upon us. Have you been naughty or nice?
FactSet launches conversational AI for increased productivity
FactSet is set to release a generative AI search agent across its platform in early 2025.
Waters Wavelength Ep. 295: Vision57’s Steve Grob
Steve Grob joins the podcast to discuss all things interoperability, AI, and the future of the OMS.
S&P debuts GenAI ‘Document Intelligence’ for Capital IQ
The new tool provides summaries of lengthy text-based documents such as filings and earnings transcripts and allows users to query the documents with a ChatGPT-style interface.
The Waters Cooler: Are times really a-changin?
New thinking around buy-build? Changing tides in after-hours trading? Trump is back? Lots to get to.
A tech revolution in an old-school industry: FX
FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.
Waters Wavelength Ep. 294: Grasshopper’s James Leong
James Leong, CEO of Grasshopper, a proprietary trading firm based in Singapore, joins to discuss market reforms.