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POSITION KEEPING
Sky Road joins with Markit to provide credit market data
CHICAGO – Sky Road, provider of a web-based hedge fund multi-asset trading and risk platform based on Calypso's software, has begun offering derivatives pricing and index and reference data feeds from Markit Group through its system.
DTCC partners with CLS bank for OTC settlement
The DTCC has selected CLS Bank to provide central settlement of payments for OTC derivatives contracts housed in DTCC Deriv/Serv's Trade Information Warehouse. The collaboration – initially supporting only credit derivatives – will be extended to other…
Miletus reveals CRD hook-up
Miletus Trading, a New York-based agency brokerage, has integrated its algorithmic Strategy Engines and Trade Impact Estimator offerings with the Charles River IMS.
JP Morgan gets modern
Modern Asset Management, the Delaware-based investment adviser and subsidiary of Modern Financial, has signed with JP Morgan Managed Account Solutions for middle- and back-office support for its separately managed and unified managed accounts programs…
Cogency signs two more clients
New York-based Terrapin Asset Management and a $2 billion unnamed Californian investment firm have become the fourth and fifth signings for Cogency Software's Insight fund of hedge funds platform since the Burlingame, CA-based vendor shifted its…
SunGard tweaks lending platform
SunGard has enhanced the corporate actions processing capabilities of its Global One securities lending platform.
Morgan Stanley and Tamale announce research alliance
Tamale Software and Morgan Stanley's prime brokerage and fund services divisions have struck an alliance driven by demand from clients of both organisations. The collaboration will entail the integration of Morgan Stanley's hedge fund and asset…
Quintillion selects Advent's Geneva platform
Dublin-based Quintillion, a fund administrator launched last year, has selected Advent's Geneva portfolio accounting system to manage its hedge fund administration operation.
FinAnalytica upgrades FoHF platform
FinAnalytica, a Seattle-based provider of risk management and portfolio construction analytics based on statistical finance methodologies, has released CognityFoF version 2.7. According to the vendor, buy-side users will now have their "own unique…
Instinet looks north of the border
Instinet, the New York-based agency broker, intends to launch Instinet Canada Cross (ICX), an ATS that will operate as an e-auction market for the trading of Canadian exchange-listed securities. ICX, expected to launch early this year, will be operated…
Trayport grows US profile with broker-dealer win
Murphy & Durieu, the New York-based inter-dealer broker, has launched an ABS (asset-backed securities) service by rolling-out Trayport's GlobalVision platform for real-time electronic price distribution.
Old Mutual's outsourcing deal with JP Morgan
Old Mutual Asset Managers (OMAM), the Cape Town based investment manager with $40 billion under management (September 2006), has contracted JP Morgan Worldwide Securities Services to manage its investment administration activities. The agreement covers…
Convergex offers new algos through OMS partners
BNY ConvergEx Group, the New York-based provider of agency brokerage and investment technology services, has integrated its Financial Engineering & Advanced Trading Solutions (FEATS) algorithmic trading tools with a number of OMS providers. Current…
JP Morgan completes BGI lift-out
JP Morgan Worldwide Securities Services has completed its outsourcing deal with Barclays Global Investors (BGI) for the majority of BGI's European business.
Parnassus takes LongView to support investment strategies
Parnassus Investments, a $1.2 billion long-only manager based in San Francisco, has rolled-out Linedata's LongView Trading ASP trading and OMS to underpin its trading and compliance operations. LongView's range of functionality, pre-trade compliance…
DTCC partners with CLS bank for OTC settlement
The DTCC has selected CLS Bank to provide central settlement of payments for OTC derivatives contracts housed in DTCC Deriv/Serv's Trade Information Warehouse.