March 05, 2007
BNY ConvergEx Group last week countered the notion that commission recapture was dying by announcing record new client numbers for its commission recapture business in 2006.
Globally, says the firm, 279 new clients entered into commission recapture programmes with LJR Recapture Services, up from 217 in 2005, a 29% increase, year- over-year.March 05, 2007
BT says Korean brokerage firm Goodmorning Shinhan (GMSH) is using its network services to offer FIX-based trading services to its buy-side clients and trading partners in Asia, the US and Europe. Goodmorning Shinhan signed an agreement with BT South Korea to use the BT Radianz shared market infrastructure. International buy-side institutions that want to trade in the Korean equity and derivatives markets must use a local broker who is a member of KRX. Now BT Radianz clients who are trading the KOSPI (Korea Composite StockPrice Index) and in the Korean securities and derivatives markets will be able to connect directly to GMSH.March 05, 2007
According to a new report from Aite Group, Event Processing (EP) applications are poised to spread from their successful niche in algorithmic trading to a variety of other capital markets functions, including transaction cost analysis.March 05, 2007
Omgeo is making its Omgeo Central Trade Manager (Omgeo CTM) matching engine available to Canadian fund managers wanting to match both domestic and cross-border trades in Canadian securities through a single interface. The Canadian securities industry is planning a switch to settlement on T + 1.March 01, 2007
INDATA, a provider of software solutions for buy-side firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office announced yesterday that Saddle Peak Asset Management, based in Santa Monica, California, is now live with the INDATA IMS System.February 28, 2007
GL TRADE, a provider of integrated multi-market software solutions for financial institutions, has decided to offer, free of charge, market data collection services to all institutions seeking to publish prices within the framework of MiFID for the deregulation of listing and order execution for financial instruments. GL TRADE is thus positioning itself as a key player in data aggregation.February 28, 2007
Thomson Financial, an operating unit of The Thomson Corporation and provider of information and technology solutions to the worldwide financial community, announced yesterday that BT Radianz, a provider of financial services connectivity, will provide network services for the new low-latency Thomson Data Feed (TDF). BT Radianz will provide connectivity for TDF, giving clients access to exchanges available in low latency, as well as Thomson Financial’s (TF) universe of real-time content. TF announced last week that they would embed Wombat Financial Software's low-latency technology with real-time TDF.February 26, 2007
Charles River Development says London-based F&C Asset Management (F&C) has bought its order management system, Charles River IMS, to support its front office equity, fixed income and derivative operations.February 26, 2007
Data integrator Rimes Technologies says it has added the Athens Exchange (ATHEX) to its list of data partners.
The Athex Composite Share Price and Total Returns Indices can now be used and viewed alongside other international benchmark data already available from Rimes.February 26, 2007
Market and trade data routing specialists Gissing Software have added a handler for Reuters Marketlink IP (MLIP) version 2.0 to Gissing RealtimeXL, and a simulator for contributing data to Bloomberg's multi-product feed, Bloomberg MPF.February 26, 2007
Dundee-based fund management group Alliance Trust has bought the front-office modules of the Simcorp Dimension investment management system from Danish IT group SimCorp. Alliance Trust will use the Simcorp technology in both Dundee and Hong Kong for portfolio management and modelling, trade order management and performance attribution.February 26, 2007
Financial data provider Perfect Information says that it has signed a three year deal with JPMorgan Cazenove to supply the investment bank with PI Filings, Perfect Information’s database of over seven million company filings. Perfect Information has been supplying JPMorgan Cazenove with financial information for over twelve years and the bank has chosen to renew its subscription to PI Filings. The database has been deployed across all desktops in JPMorgan Cazenove’s European Corporate Finance departments.February 23, 2007
Interactive Data Corporation, a leading provider of financial market data, analytics and related offerings, yesterday announced a branding initiative that includes the renaming of its three institutionally oriented businesses.February 22, 2007
Standard & Poor’s, a provider of financial market intelligence, announced yesterday that ISIDPlus, a cross-reference securities identifier service favored by asset managers, has expanded its data universe to include more than one million issues globally. ISIDPlus’ data expansion will enable financial institutions to increase their coverage of financial instruments and corresponding information, providing complete and transparent insight into financial data for more informed decision-making, according to Standard & Poor's.February 21, 2007
Software vendor Progress Software says Mexican broker-dealer Casa de Bolsa Finamex (Finamex) has bought its trading platform to provide algorithmic trading capabilities to its buy-side customers. Progress says the Apama algorithmic trading platform aims to help firms analyse, evaluate and respond to complex market events in real time.