Trading Tech
Spectrum signs up with Fiserv
Spectrum Global Fund Administration, a Chicago-based hedge-fund and fund-of-funds administrator with just under 200 clients, has implemented Fiserv's Accurate platform for automated reconciliation and exception management.
Charles River signs South Africa's Public Investment Corporation
Public Investment Corporation (PIC), one of the largest investment managers in Africa, with approximately $100bn under management, has selected the Charles River Investment Management System (Charles River IMS) for its fixed-income trading and portfolio…
Performance precedents
Performance measurement, has in recent years moved into the front office, as buy-side firms look to integrate performance into a single, integrated platform. This move has been accompanied by compressed reporting timeframes and the emergence of risk as…
Changing equity markets test buy-side traders
Market volatility, counterparty risk and other issues are posing significant challenges to buy-side equity traders at the same time that their brokers are having to rethink their own business models. A new Tabb Group report, Equity trading in transition:…
Spotlight on Arun Sarwal
Arun Sarwal, ex-chief operating officer at Scottish Widows Investment Partnership, was recently named chief executive of DST Global Solutions' investment management solutions division. He will oversee three areas: asset servicing and investment…
Markit under DOJ microscope
The US government's ongoing efforts to rein in unregulated OTC derivatives may have landed credit market and pricing data provider Markit in hot water - or at least caused an operational headache - just as the firm is set to launch its new MarktiSERV…
Deutsche Postbank Financial Services implements BarraOne
Deutsche Postbank Financial Services, part of one of Germany's leading retail banks, is now using BarraOne to help it identify and manage risk across its equity and fixed-income portfolios.
Bells and whistles
Finally, it seems like the internet innovations of the past couple of years are trickling through into financial applications. There has recently been a big push among client-facing financial organisations to provide richer, better tools to their buy…
Stockhouse Shutters EU Mobile Business
Canadian market data provider Stockhouse is transitioning European clients of its pager and smartphone mobile data products to other providers, following the vendor's decision to close its business in the region last month, officials say.
Infobolsa, CarryQuote Ally for Mobile Data
Spanish data provider Infobolsa, a joint venture between Deutsche Börse and Spanish exchange group Bolsas y Mercados Españoles (BME), is using Swiss mobile data provider CarryQuote to provide its institutional clients with real-time, on-demand quote data…
Cognitive Capital Takes Orc for Low Latency
NEW YORK-Chicago-headquartered proprietary trading firm Cognitive Capital has selected FIX protocol connectivity and risk management tools from trading platform and market connectivity provider Orc Software, officials announced today, Aug. 31.
Fixnetix, RTS Eye Further Data Deals
UK-based data vendor Fixnetix and trading technology provider RTS are exploring further opportunities to jointly leverage their data and technology assets, following last week's launch of a hosted Direct Market Access service integrating low-latency…
MSCI Barra Unveils Risk Reports
Index and analytics provider MSCI Barra rolled out a new reporting module as an add-on to its BarraOne risk analytics platform at the beginning of August, to provide more detailed, time-series risk reports on clients' trading data.
RTS, Fixnetix Roll Out Hosted DMA Offering
LONDON-Trading platform provider RTS and low-latency market data provider Fixnetix have teamed up to deliver a fully hosted direct market access (DMA) offering, according to officials from both vendors.
Deutsche Börse Selects WebSphere for Trading Platform
New York-International exchange operator Deutsche Börse Group will incorporate version 2.2 of IBM's WebSphere MQ Low Latency as the messaging architecture for a new common trading system that it plans to roll out to all of its exchanges in the coming…
TMX Plans 10 Gbps Upgrade to Network
TORONTO-As part of a multi-phase project to upgrade infrastructure across its enterprise, Canadian exchange operator TMX Group plans to upgrade its internal 1 Gbps Ethernet network to 10 Gbps Ethernet networks, TMX officials tell DWT .
A Meeting of the Latency Minds
Low-latency trading is getting a bad rap in the general media theses days, but broker-dealers cannot ignore how message latency affects their trading strategies and bottom lines. DWT editor Rob Daly sits down with leading technologists from brokerages…