Trading Tech

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…

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…

Buy side to reduce reliance on proprietary algos

A recently published Tabb Group report suggests that buy-side organisations are increasingly likely to source their  trading algorithms from third-party providers rather than develop them in-house. Stewart Eisenhart investigates 

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…

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…

OTC derivatives: innovation at a price

This year is likely to see the increased use of credit derivatives by buy-side institutions as traditional asset managers and hedge funds alike broaden their search for alpha. But as Jos Stoop points out, the back-office processing of these instruments…

Eisenhart: One more crystal ball

Welcome to the first edition of Buy Side Technology 's House Call column. In the coming months we will use this space to analyse issues impacting managers, their counterparties and their service providers based on what we see and hear.

Execution management systems – Flying under the radar

Execution management systems (EMS) are not new on the buy side by any means – first generation EMSs started appearing on the market some 18 months ago, although simple execution management applications have been available for the past decade. But this…

2007 PREVIEW: Great expectations

This year is set to be a definitive year for buy-side organisations on both sides of the Atlantic; MiFID awareness is clearly on the up as November 2007 draws inexorably closer, while the OTC credit and commodities markets still retain their lustre for…

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