BNY ConvergEx Group, a provider of agency brokerage and investment technology solutions, yesterday announced record new client numbers for its commission recapture business in 2006. Globally, 279 new clients entered into commission recapture programs with LJR Recapture Services, up from 217 in 2005, a 29% increase year-on-year. This number represents a record high for LJR Recapture Services since joining The Bank of New York’s affiliate BNY ConvergEx Group (formerly BNY Securities Group) in 2005.
Derivatives valuation experts SuperDerivatives have opened a sales and support office in Mumbai, together with a dedicated data centre, to support the company's expanding customer base in India. The new regional office and extended local team will provide sales, support training and professional services to SuperDerivatives users coming from both the private and public sectors.
SwapsWire has claimed record volumes in 2006. The electronic swap trading platform says that last year it confirmed more than one million trade events for the first time - more than double the number in 2005.
London-based fund manager Schroders has expanded its relationship with the UK-based fixed income and derivatives portfolio modelling software vendor CAfIT to include use of an "analytics engine."
F&C Asset Management selects Charles River Development to automate pan-European front-office investment management operations
Charles River Development (Charles River), a provider of financial software and services to the global investment management community, yesterday announced that London-based F&C Asset Management (F&C) has selected the Charles River Investment Management System (Charles River IMS) to support its front office equity, fixed income and derivative operations.
Charles River Development, a provider of front- and middle-office systems to the global investment management community, yesterday announced that BlueBay Asset Management is now trading derivatives via the Charles River Investment Management System (IMS) and has been using the system since 2005 for its fund management business totaling in excess of US$9 billion in assets under management.
In a new report based on the first week of trading on the U.S. equity options market penny quoting pilot (which commenced on January 26th), trading platform provider Tethys Technology predicts that algorithmic execution in options markets will grow.
The multi-asset class algorithmic execution management systems vendor FlexTrade says that its clients now have direct access to the NYSE Arca Options market through FlexOPT, its algorithmic options trading application.
FlexTrade Systems, a provider of multi-asset algorithmic execution management systems, yesterday announced that its clients now have direct access to NYSE Arca Options through FlexOPT, its algorithmic options trading and risk management solution that enables users to minimise market impact, transaction costs, and risk exposure.
royalblue, provider of Fidessa, yesterday announced that Goldman Sachs has selected Fidessa as an additional distribution platform for buy-side listed derivatives flow. Fidessa's global connectivity network provides a highly resilient solution for routing buy-side order flow to broker destinations. Through Fidessa's network, users will now have the capability to route listed derivatives, cash equities and algorithmic orders, across 60 exchanges and 23 countries, to Goldman Sachs.