Buy-Side Technology/News
Sun Trading Expands with Kx Database
Chicago-based proprietary trading shop Sun Trading will use Kx Systems' kdb+ for time series analysis and real-time capture of quantitative trading data.
ADS Securities Deploys FlexTrade
Abu Dhabi-based foreign exchange (FX) platform provider has rolled out FlexTrade's Orex system to support its institutional and professional client base.
PJM Adopts Tethys EMS
PJM Capital, a Potomac Falls, Virginia-based quant hedge fund, has gone live with TethysEMS, the algorithmic trading platform from Tethys Technology, and will deploy it over TethysCloud.
OpenFin Launches HTML5 Desktop for Trading Applications
OpenFin, a New York-based technology vendor founded in 2010, has launched OpenFin Desktop for the deployment of trading applications using HTML5.
Novia Chooses Calastone for Order Routing, Net Settlement
Wealth management platform provider Novia has chosen Calastone for its order routing and net settlement services.
MIK Adds Treasury Functionality to Equity Finance Platform
MIK Fund Solutions has announced the addition of advanced treasury optimization capabilities to its equity finance product suite, aimed at hedge fund and asset managers.
SunGard Launches Apex Prime for Single View of Hedge Fund Activity
SunGard has released Apex Prime to help prime services providers with day-to-day processing and client services.
Chilean Pension Fund Taps Princeton Financial Systems for Compliance
Administradora de Fondos de Pensiones (AFP) Habitat, a Chilean pension fund, has chosen Princeton Financial Systems to help with investment compliance.
PFSoft Introduces Module for Algo Trading
Ukraine-based PFSoft introduced AlgoStudio, a tool for algorithmic strategy development that supports MQSL and C# languages, as part of the ProTrader 2 direct market access (DMA) platform for trading strategies creation, optimization and back-testing.
BST Awards 2012: The Winners and Why They Won
Earlier this month, Waters magazine announced the category winners in the sixth annual Buy-Side Technology Awards. Below follows a brief explanation outlining a number of noteworthy performances in this year's awards, plus the list of winning companies…
Advent and IntraLinks Combine for Research Offering
Advent Software has announced a partnership with IntraLinks, to create an automated interface between Tamale Research Management System (RMS) and IntraLinks.
Liquid Rarity Exchange to Launch Tangible Asset Class
Liquid Rarity Exchange (LRE), a St. Louis, Michigan-headquartered firm, is planning to launch a new asset class within the capital markets.
SunGard Upgrades Asset Arena InvestOne Accounting Solution
SunGard has launched a new version of its Asset Arena InvestOne global accounting solution for the investment management industry.
Getco Makes Takeover Bid for Troubled Knight
Chicago-based Getco has tabled a bid to buy fellow electronic market-maker Knight Capital Group, which has been struggling since an expensive technical glitch cost the firm $460 million in August.
Hubscher to Lead Marketing at Object
Dan Hubscher has been taken on the newly created position of marketing director at direct market access (DMA) provider Object Trading.
EFG Harris Allday Selects Dion for Front Office
Private client stockbroker EFG Harris Allday has implemented Dion Global Solutions' Portfolio software in its front office environment.
BlueCrest Looks to Calypso for Front-Office Support
London-based hedge fund group BlueCrest Capital Management, with approximately $33 billion under management, has chosen Calypso's Front Office platform to support its funds.
Equity Trustees Joins Calastone Network for Order Routing
Australian fund manager Equity Trustees (EQT) has signed up to Calastone's cross-border transaction network for order routing services.
FGS Capital's Narain: Build Algos to Fail
Algorithms must be built specifically with failure in mind, according to Jogi Narain, chief technology officer at London-based buy-side firm FGS Capital.
Lombard Risk Releases Compliance Tool
David Wilford has been tapped to head the dedicated product team, as well as future compliance endeavors.
Schroders Taps Vermilion for Client Reporting
Schroders, a global asset management firm with more than £200 billion ($325 billion) under management, is set to implement Vermilion Software's multilingual client reporting platform, Vermilion Reporting Suite (VRS).
CIMB Securities Consolidates Asia-Pacific Operations With Fidessa
CIMB Securities, a Kuala Lumpur-based provider of execution and order management services, has expanded its use of Fidessa's software-as-a-service (SaaS) trading platform to consolidate its sell-side operations in Asia.
SLPE Selects SunGard for Fund Administration Support
SL Private Equity Fund Administration Services (SLPE), a London-based third-party administrator, has chosen SunGard's Investran to support its administration and reporting services.
CFG Gestion Taps Misys for Expanded Trading Capabilities
The asset manager, based in Casablanca, will use the Sophis Value cross-asset solution across the trading lifecycle, improving compliance, pricing, accounting, order management and NAV calculation.