Buy-Side Technology/News
Citadel Activates Bloomberg for Fixed-Income Trading
US hedge fund giant Citadel has selected Bloomberg's fixed income trading platform for its electronic execution and clearing of interest rate swaps (IRS).
Digiterre’s Murrin Moves Stateside
Ian Murrin, CEO of Digiterre, the London-based provider of buy-side focused technology and services, has, along with his family, relocated to New York.
Saxo Bank Launches FX Prime Brokerage Service
Copenhagen-based Saxo Bank has announced the launch of Saxo Prime, its foreign exchange (FX) prime brokerage service for institutional clients.
Chaikin Analytics Unveils iPad Workstation
Analytics technology provider Chaikin Analytics has launched a new Apple iPad app that provides actionable feedback to the buy side. The ability to enter and route trades from the device will be available within a month.
Post-Acquisition, Markit EDM Targets Sell Side, Asia Growth
Daniel Simpson, CEO of Markit EDM—formerly Cadis, which Markit bought last year—says 2013 will be the year the vendor reaps the benefits from the acquisition.
MIK, ParkRiver Team on New Regulatory Requirements
MIK Fund Solutions and ParkRiver Fund Solutions are partnering to deliver a solution that will address new regulatory requirements for Forms CPO-PQR and CTA-PR. This product will be delivered alongside their already launched Form PF solution.
GFI's FX Platform Makes Changes
Fenics Trader, GFI Group's Fenics foreign exchange (FX) options multi-bank trading platform, will now be renamed GFI Direct and operated by subsidiaries of GFI Group, in a response to new regulation.
DCM Capital Launches Trading Platform Based on Sentiment Analysis
"Twitter Fund" founder Paul Hawtin has launched a new trading platform based on the sentiment derived from social media sites such as Twitter and Facebook.
Linedata Signs Magenta in Asia
Buy-side technology vendor Linedata has announced that its Global Hedge product has been selected by Magenta Advisors PTE, a Singapore-based hedge fund.
Wall Street Systems Takes Control of IT2 Treasury Systems
Wall Street Systems has acquired total share ownership of IT2 Treasury Systems, a provider of treasury management software, from CapMan Technology.
Seeman Assumes CEO Role at Cutter
Tom Seeman has assumed the roles of CEO and majority owner of Cutter Associates, the Boston-based research, consulting and benchmarking outfit serving the global asset management industry, according to Mark Bobseine, founder and former head of the firm.
Tora Upgrades Algo Development Suite
Asia-focused trading technology vendor Tora has announced that its Algorithmic Trading Development Toolkit (ATDT) has been upgraded with Pairs Trader, for pairs trading across multiple counterparties.
Advantage to iLevel for Portfolio Monitoring
Private equity firm Advantage Capital Partners has selected asset management technology vendor iLevel Solutions for its portfolio monitoring requirements.
Fiserv Upgrades TradeFlow for Post-Trade Processing
Fiserv, a technology vendor based in Brookfield, Wisconsin, has upgraded its TradeFlow post-trade processing offering.
Feingold Lands Global Head of Sales Post at Paladyne
New York-based buy-side technology specialist Paladyne Systems has appointed Jim Feingold global head of sales, while joining the sales and business development team are Devani Maijala, Lisa Zippelius and Michael Conti.
Instinet Enhances Newport EMS to Help Reduce Operational Risk
Instinet has added a new tool, dubbed OneTicket, to its Newport enterprise management system (EMS) that will allow users to reduce operational risk. In this latest release, the New York-based broker also added new functionality including connectivity to…
Clearstream and 360T Partner for Tri-Party Repo Service
Deutsche Börse's post-trade arm, Clearstream, and front office tech vendor 360T have announced the launch of a tri-party repo service that combines the former's collateral management capabilities with the latter's trading systems.
Quartet FS Increases Accessibility of ActivePivot Server
In-memory analytics provider Quartet FS has announced that its ActivePivot Server engine is now accessible from a greater number of front-end user interfaces.
Bridgewater Taps Northern Trust for Hedge Fund Servicing
Bridgewater Associates has selected Northern Trust for hedge fund servicing as it tries to improve its middle- and back- office processes.
Fiera Rolls Out Eagle After Natcan Buy
Fiera Capital Corporation will extend the use of Eagle Investment Systems' technology across its enterprise, after acquiring an existing customer of the vendor.
Fenergo: Financial Institutions Lagging Behind on Fatca
Two thirds of financial institutions are struggling to complete the client identification process necessary for compliance with the Foreign Account Tax Compliance Act (Fatca), according to a new research report published by Fenergo.
Korean Equity Firm Taps eFront for Portfolio Management, Analytics
IMM Private Equity, a South Korean firm with KRW 1.5 trillion (approximately $1.4bn) under management, has signed with Paris-based vendor eFront for portfolio management and analytics support.
CTI, Markit Launch Fatca Compliance Tool
Compliance Technologies International (CTI) and Markit have launched Fatca Service Bureau to help financial institutions with compliance to the Foreign Account Tax Compliance Act (Fatca), which came into force at the start of the year.
State Street Rolls Out Compliance Assistance
State Street has developed a suite of services to assist clients with compliance testing and reporting requirements for the US Commodity Futures Trading Commission’s (CFTC) rule amendments announced last year.