DataLend, Linedata, Redline Trading Solutions and more…

DataLend has released a client performance reporting service, enabling agent lenders and beneficial owners to benchmark their securities lending performance.

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DataLend launches client performance reporting service

DataLend has released a client performance reporting service, enabling agent lenders and beneficial owners to benchmark their securities lending performance.

The securities market data provider, which launched in 2013, will allow users to produce customisable reports on overall firm, beneficial owner organisation and legal entity-level performance metrics over time.

DataLend’s service will also allow for peer group performance comparisons and benchmarking using a variety of filters, including collateral types allowed, fiscal location, fund size, fund type and other attributes.

“More than ever, beneficial owners are asking for more transparency into the performance of their securities lending programs,” Ben Glicher, CEO and head of DataLend, said.

“Client performance reporting allows agent lenders to supply their clients with insight into their securities lending activities, not just on an individual beneficial owner level but with the added depth of benchmarking against industry peers.”

Linedata Global Hedge selected by FOUR Capital Partners

Asset manager FOUR Capital Partners has signed up to Linedata’s Global Hedge trading, order management and compliance modules.

London-based FOUR Capital Partners, which has £1.4 billion assets under management across equity and alternative funds, will expand its current use of Global Hedge Portfolio Manager to create a complete front-to-middle-office solution.

Valerie Evans, head of operations at FOUR, said the firm had been looking at a range of solutions before deciding on Linedata.

“The entire solution will be hosted by Linedata, which was an important consideration, as we are a boutique outfit and, whilst we absolutely must have disaster recovery, and regular updates to our software, we prefer to outsource so that we can focus on our core business,” she said.

Redline releases new protocol converter

Redline Trading Solutions is offering a new protocol converter bridging the InRush market data ticker plant to OpenMAMA-based trading applications, without requiring an application re-write.

OpenMAMA was first released in 2011 and is the open source implementation of NYSE Technologies’ legacy middleware agnostic messaging API that has been adopted by banks and trading firms.

“Redline’s bridge enables firms that use the OpenMAMA API to gain immediate access to our low latency market data platform for their trading applications,” Mark Skalabrin, CEO of Redline Trading Solutions, said.

“Our ability to terminate all markets of interest and run trading applications in a dramatically reduced data center footprint results in improved performance and significant cost reductions.”  

Etrali implements trading communications for German broker

IT integrator Etrali Trading Solutions has provided a unified trading communication solution to TASS Wertpapierhandelsbank GmbH across its trading floors in London and Hofheim, Germany.

TASS, which trades in floating rate notes and fixed bonds, will connect to Etrali Trading Solution’s private cloud platform. The deal also includes fully compliant turrets, trading connectivity to counterparts and liquidity pools.

Joerg Suchomel, head of trading at TASS, said Etrali Trading Solutions was the only provider that was able to offer a complete solution at a competitive price.

“Compliance and cost reduction are major themes in the industry at the moment and this solution helps us fulfill these needs,” he said.

Misys and LGIM launch software project

Legal and General Investment Management (LGIM) will use software provider Misys technology to manage trading and risk activities across its fixed income and liability-driven investment (LDI) business.

LGIM has selected Misys Sophis VALUE to address its enterprise portfolio and risk management requirements, allowing them to achieve greater efficiency and growth.

Simon Thompson, CEO at LGIM, said the investment firm picked Misys because of its ability to provide a solution that matched its unique needs, including capabilities to support our LDI strategies.

“The functionality in Misys Sophis VALUE and the team’s understanding of our requirements, gave us the confidence to select them as our long-term partner,” he said.