Trading Tech
UBS Stung with Record Fine for Libor Manipulation
Swiss bank UBS has been fined £160 million, approximately $311 million, by the UK Financial Services Authority (FSA) for misconduct relating to the improper fixing of the London and European Interbank Offered Rates (Libor, Euribor).
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.
MarkitSERV Expands Ice Clear Credit Connectivity
MarkitSERV, the electronic trade processing service for over-the-counter derivative transactions, has enhanced its connectivity and trade management support for buy-side clearing of credit default swap (CDS) transactions at ICE Clear Credit. The first…
Abacus Delves Into the Voice World
Abacus, a provider of hosted IT solutions for hedge funds and private equity funds, today unveiled AbacusVoice, a voice solution in which call traffic is routed over a secure network and sheltered from traffic disruption.
Okasan Signs Fidessa for Prop Trading
Japan-based Okasan Securities has selected Fidessa's Japanese trading platform for its proprietary business.
Tiny UAT Hooks Bloomberg to Back Commission Savings Software
Tom Warren's goal was to build something that would save US shareholders $1 billion a year. On its own, the commission savings software he created with UAT co-founder Allan Chiulli might not have reached that mark. With Bloomberg's name behind it, it may…
Cofunds Taps Calastone, Barclays for Fund Settlement
London-based Cofunds has chosen Calastone and Barclays' managed fund settlement service to support its investment 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.
Thoughts to Finish the Year
Wrapping up and sounding off.
Credit Suisse Chooses Market EDM Platform for Data Consolidation
Credit Suisse has selected Markit Enterprise Data Management's (EDM) platform to consolidate data management within its research department.
Fidessa Links OMS to Squawker
Block trading venue Squawker has announced that Fidessa's sell-side order management system (OMS) has been connected to its systems.
2012 Review: Emerging Exchanges Revamp Data Tech, US Exchanges Ditch FAST
IMD's Vicki Chan recaps the year's biggest exchange-led market data trends.
Chilean Electronic Stock Exchange Rolls Out Nasdaq OMX Platform
Chile's stock exchange, Bolsa Electronica de Chile, has gone live with Nasdaq OMX's X-stream trading platform.
VTB Capital Investment Management Implements Charles River IMS
Moscow-based VTB Capital Investment Management has gone live with Charles River's Investment Management Solution (IMS) Version 9.
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…
StatPro and Pacific Fund Systems to Offer Calculations
Users of PFS-Paxus, the share registry, fund accounting, and allocations platform of Hong Kong-based hedge fund tech provider Pacific Fund Systems (PFS) will now be able to perform online portfolio analysis and Value-at-Risk (VaR) calculations through…