Buy-Side Technology/News
SunGard Acquires XcitekSolutionsPlus
SunGard has announced the acquisition of Birmingham, Alabama-headquartered XcitekSolutionsPlus (XSP).
Watson Wheatley Upgrades Reconciliation Software
Watson Wheatley Financial Systems has launched Version 2 of its i-Recs reconciliation software.
Thomson Reuters Launches Fatca Compliance Suite
Thomson Reuters has launched a compliance suite to help firms to get in line with the US Foreign Account Tax Compliance Act (Fatca).
Thomson Reuters Trio Quit to Form Tradepoint Systems
A trio of former Aegisoft partners, a New York-based electronic trading firm acquired by Thomson Reuters in 2010, have left the company to launch a new software business, Tradepoint Systems, LLC.
ConvergEx Improves Asia-Pac Algos
ConvergEx has made enhancements to its execution capabilities in the Asia-Pacific markets.
Progress Software Names Perkins as Chief Financial Officer
Progress Software has chosen Chris Perkins as its new chief financial officer (CFO).
Celoxica Launches FPGA-Powered Futures Platform
Market data and order entry systems vendor Celoxica has launched its new futures trading platform for US and European markets.
InfoReach Enhances Risk Tool
New York-based trading platform provider InfoReach has enhanced its risk limits tool, available as part of its trade management system or as a separate module.
Numerix Adds Multi-Curve Modeling Functionality
Cross-asset analytics provider Numerix has announced enhanced multi-curve modeling capabilities for Portfolio, its trade capture application.
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.
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).
Broadridge, Schwab Team on Mutual Fund Analytics Portal
Charles Schwab has launched a new portal—dubbed Schwab Asset Intelligence, or SAI—that will provide mutual fund firms with fund asset and sales information. Schwab partnered with data management vendor Access Data, a Broadridge Financial Solutions…
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.
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…
Linedata Releases Icon Upgrades
Technology vendor Linedata has released the latest upgrades for its fund accounting and administration platform, Icon.
SS&C and Abacus Pair Up on Connectivity
Connecticut-based SS&C Technologies has teamed up with Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, to provide investment firms hosting their platforms on the AbacusFLEX private cloud with a turnkey global FIX…
Instinet Adds Multi-Strategy to Commission Management Tool
Agency-only broker Instinet has launched an enhanced version of Plazma, its multi-asset commission management platform.
Fidelity Unveils Buy-Side Execution Venue, Plans Dark Pool 'Scorecard'
Fidelity Capital Markets, the institutional trading division of Fidelity Investments, has launched a new execution venue dubbed the Block Liquidity Opportunity Cross, or BLOX. The venue is a carved-out section of CrossStream, the firm's alternative…
Clarke’s Tenure at Man to End; COO Roman will Take Over
Man Group has announced it will replace chief executive officer Peter Clarke, who had been in the job since 2007, with Emmanuel "Manny" Roman. Roman is the firm's chief operating officer and joined Man after it acquired hedge fund GLG Partners in 2010.
OpenGamma Poaches Calypso's Nakachi for COO
In addition to handling operations, Mas Nakachi will lead the New-York base of operations.