Trading Tech
Oceanwood live on LZ front-office platform
Oceanwood Capital, the London and Boston-based investment manager with $1.7 billion under management, is live on Capstone, Fidessa LatentZero's integrated front-office platform. The implementation saw Fidessa LatentZero partner with CITCO Fund Services,…
McDonnell IM switches to ASP version of Eagle system
McDonnell Investment Management, a Chicago-based fixed-income manager with approximately $12 billion under management, has switched from an installed version of Eagle Investment Systems' accounting platform to the vendor's hosted offering, Eagle Access,…
Spotlight on Neal Goldstein
As it expands operations across new markets around the globe, Liquidnet has named Neal Goldstein head of enterprise technical services to oversee the firm's development of global infrastructure standards. Goldstein will also manage infrastructure…
Hedge fund IT spending to fall below $1 billion
As hedge fund managers square up to the most precipitous market challenges in their history, the global hedge fund industry will likely have to contend with the prospects of fewer funds in business, lower total assets under management, and slashed…
Stifling "innovation"
Now that the adults are set to retake charge of the US federal government next January, the likelihood of more substantive regulation of the financial services industry has become all the more probable, even though we still have only vague notions of…
Numbers
'The reality is that for TCA to be really useful, real-time is almost a requirement because if you look at whether trades were good or bad at the end of the day, you've missed the opportunity to change your trading style' Kirk Allen, managing director…
May the 'Force Be With You
Jean-Michel Blanco, chief executive of data and trading systems provider Traderforce, says organized chaos drives innovation. If true, then the current market conditions should provide the perfect storm for the French vendor. In this interview, Blanco…
RTS Upgrades Exchange Interfaces
Trading software vendor RTS Realtime Systems Group is in the process of upgrading its data and trading interfaces to 20 equity derivatives exchanges worldwide, to be followed by more upgrades early next year, in a project expected to last for three…
Infront Adds to Order Book Consolidator, Mulls Datafeed
Norwegian market data and news provider Infront is upgrading its Online Trader terminal's consolidated order book display of securities traded on multiple venues, and is considering whether to develop a consolidated datafeed for clients to use in…
Agora-X Set to Debut Platform
KANSAS CITY, MO.-In a matter of weeks, Agora-X expects to launch the first phase of its electronic over-the-counter (OTC) commodities options trading platform, officials tell DWT .The first part of the trading platform will be an ECN, "which will allow…
Where Have All the Margins Gone?
I spoke last week with Brent Weisenborn, president and CEO of the Agora-X ECN, about the launch of his firm's new platform ( see story, page 1 ) and his description of a "tsunami of regulation coming out of Washington, D.C." caught my attention. It is an…
RTS Rolls Out Global Upgrades
NEW YORK-Dramatic growth in trading and market data messaging is driving exchange gateway provider RTS Realtime Systems Group to upgrade a bevy of exchange interfaces, which should be accomplished in the next three months, DWT has learned.
Splicing Succes
Merging two firms is never easy, especially in today's less-than-optimal financial environment. DWT reporter Oksana Poltavets sits down with Cynthia Zeltwanger, global COO of Newedge, to discuss the integration of Société Générale's Fimat Group and…
CSV Gains Risk Value Patent
Ridgefield, Conn-based pricing and valuations provider CSV (Complex Security Valuations) was granted a patent last month by the US Patent and Trademark Office, protecting one of CSV's equations for calculating and displaying risk values.
BvDEP Preps Fresh Mint Display, Adds Data
Belgian data provider Bureau van Dijk Electronic Publishing (BvDEP) has developed a new front-end interface to its Fame UK data product, in the latest enhancement to the vendor's product lineup, which also includes recent additions to its content,…