Indata iPM Cloud selected by Emerald Advisers
Asset management firm Emerald Advisers has migrated to Indata’s intelligent Portolio Management platform iPM Cloud as its front-to-back-office tool to handle functions including trade order management and compliance.
Emerald, which has US$2.4 billion in assets under management, will use the system across asset classes and as a core data management and system integration solution.
“Data integrity and control is very important and iPM’s capabilities are advantageous and easy to use. iPM’s advantage extends beyond data management to also provide more efficient integration with outside systems,” said Scott Rehn, COO Emerald Advisers.
Rehn added the system’s trading, modelling and reporting capabilities were particularly attractive and that the cloud delivery would provide further flexibility for his firm to concentrate on the core business of investing.
Interactive Data expands Middle East content
Connectivity and market data firm Interactive Data Corporation has expanded its content for the Middle East and North Africa via its Consolidated Feed tool as it anticipates greater international interest.
In June, index provider MSCI upgraded the country status for Qatar and the United Arab Emirates from ‘frontier market’ to ‘emerging market’, which is expected to drive demand for access to the region from international investors.
As such, Interactive Data will now provide regional content on its Consolidated Feed tool for Abu Dhabi, Bahrain, Dubai, Dubai Commodities Exchange, Dubai Mercantile Exchange, Kuwait, Nasdaq Dubai and Qatar. Clients using the firm’s 7ticks network also have access to the feed.
“The recent MSCI upgrades firmly establish this region on the map for emerging market investors. As a result, a growing number of international investors will require high-quality, cross-asset data for the various markets in the region,” said Rob Lane, general manager, real-time feeds and 7ticks, EMEA, for Interactive Data.
SS&C Technologies joins IPC’s Connexus platform
Electronic trading communications firm SS&C will join IPC System’s Connexus Financial Extranet platform through which it will offer connectivity for its buy- and sell-side applications.
SS&C’s solutions include FIXLink, MarketCenter and SS&C MarketTrader, and by joining the Connexus Extranet, SS&C clients will be able to transact, receive and distribute information through one platform.
“With Connexus, we are giving our buy-side, sell-side and inter-dealer brokers access to all of our applications and services in one dedicated connection,” said Bob Moitoso, senior vice president and general manager for SS&C Financial Markets Group. “Our customers demand quick, seamless and efficient access to global markets and IPC’s Connexus Extranet allows us to meet those demands.”
DBFS appoints senior front office consultant
Investment operations and technology consultancy DBFS has appointed David Hastings as senior front-office consultant as the firm steps up its work to prepare clients for key regulatory changes.
Hastings has 25 years of investment industry experience and has focused on computerised trading and e-commerce for over a decade. He joins from DBFS sister company Tradermade Systems.
Hastings will advise clients on the impact of regulatory change such as financial transaction taxes and the European markets infrastructure regulation. He will also drive front-office related operational and technology efficiencies for clients.
“David will be making sure our offerings and practices are in line with client requirements and will assist in ensuring our unique model, whereby clients can use DBFS as a single solution for advisory, delivery and recruitment needs, is developed in line with front-office requirements,” said Brian McNulty, CEO of DBFS.
eSignal launches iPad app
Real-time desktop trading solutions provider eSignal has launched a mobile companion to its flagship desktop product, eSignal desktop.
The extension will first apply to the iPad, before being extended to other mobile devices. This means traders will have access to real-time information when away from their desks.
“As we begin to build a new generation of mobile products, our extension of eSignal onto the iPad and other tablets helps ensure that our customers have a platform that moves with them,” said Kyle Ford, general manager, eSignal.
The product lets traders view streaming market information, watch lists, charting and analytical tools for use on the iPad. eSignal is an Interactive Data company.