Transaction Cost Analysis
Use of TCA among US and European firms will hit 90% by 2009, says TABB Group
Published on March 12, 2008.
According to a new TABB Group study released on Tuesday, equity post-trade transaction cost analysis (TCA) usage among U.S. and European firms will reach nearly 90% by 2009, with 38% of those firms examining TCA on a daily basis.
ClariFI upgrades its tools to enhance transaction cost and market impact modelling
Published on October 10, 2007.ClariFI, the quantitative portfolio management software firm owned by Standard & Poor's, has upgraded its ModelStation application to enhance its ability to measure transaction costs and market impact.
DSTi announces acquisition of Mosiki Development
Published on August 21, 2007.DST International (DSTi), an IT solutions provider for the investment management industry, has acquired Mosiki Development, a consulting and software firm specialising in financial services technology
FRR selects Global Securities Consulting Services (GSCS) to analyse execution quality of companies managing its assets
Published on August 15, 2007.The Fonds de Reserve pour les retraites (FRR), a company whose aim is to ensure the long-term viability of the French pension system, has decided to retain the services of Global Securities Consulting Services
Markit launches integrated ABS monitoring service
Published on July 11, 2007.On Monday, Markit, an industry source of independent data, portfolio valuations and OTC derivative trade processing, launched an integrated pricing and performance monitoring service for the European asset-backed securities (ABS) market.
TCA provider GSCS and RCA provider Rontech ally to help buy-side firms comply with MiFID
Published on May 2, 2007.Transaction Cost Analysis (TCA) provider GSCS and research cost analysis (RCA) provider Rontech are forming a pan-European alliance to help buy-side firms both comply with and benefit from the Europea
Hewitt Associates adopts Barrie & Hibbert's Economic Scenario Generator
Published on March 21, 2007.Edinburgh-based financial risk consultancy Barrie and Hibbert, has announced that its financial modelling software, the Economic Scenario Generator (ESG), has been licensed for international use by Hewitt Associates with its investment consulting clients. Increasingly used by large financial institutions, the software generates economic scenarios for regulatory capital assessment, economic capital allocation, fair value accounting, identification and evaluation of capital management strategies and product design, development and pricing. The ESG model is designed to deliver a flexible framework that allows different modelling functionality to be selected according to individual client needs.
Risk management in portfolio management systems inadequate, NET2S survey finds
Published on March 8, 2007.A survey carried out by NET2S, a consultancy specialising in capital markets technology, highlights a significant shortfall in adequate risk management in the portfolio management systems (PMS) vendor space. 56% of vendors fail to provide any form of risk management at all. Of those who do, only one third offer enough analytics and stress testing capabilities to be considered 'adequate' by NET2S.
BNY ConvergEx claims commission recapture business is still booming
Published on March 5, 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.
Event processing technologies proven in algorithmic trading useful in transaction cost analysis too, says Aite Group
Published on March 5, 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.
