News

John Matthews quits BGI to run client service at ABN Amro Mellon(2)

ABN AMRO Mellon Global Securities Services says it has appointed John Matthews as Securities Lending Client Service Manager. Matthews joins the bank from BGI, where he was Product Manager, Fixed Income Lending, and will report to Mark Tidy, Securities Lending Product Manager.

Reuters Gains eight new clients for Kondor+ platform in Europe

Reuters Trade and Risk Management division says it has signed up eight new clients in Europe for its Kondor+ platform, which includes pre-trade analytics, risk management and compliance reporting, and post-trade settlement functionality. It covers the full range of financial instruments from bonds and equities to exotic derivatives and structured products.

Credit derivatives trade processing firm T-Zero hires George Harrington as COO

Credit derivatives trade matching and processing services provider T-Zero has hired George Harrington as Chief Operating Officer. Launched in the summer of 2005, T-Zero claims to have gained strong momentum over the past year as an increasing number of dealers, buy-side market participants and prime brokers sign on for the service. The company claims to have experienced a 338% growth rate in the second half of 2006 compared to the first have of the year.

Nomura Securities International buys derivatives DMA platform from Patsystems

Patsystems says Nomura Securities International, Inc. in the US has bought its complete trading platform, including the Pro-Mark front-end for high-volume professional traders. Also in the initial phase, Patsystems will provide Nomura with access to CME (Chicago Mercantile Exchange), CBOT (Chicago Board of Trade), Euronext.liffe and Eurex. This contract follows Patystems' announcement, earlier this month, of a contract signed with US-based Midas Securities to provide Midas with front-end trading systems.

River and Mercantile Asset Management becomes first ASP client of Linedata order management system

Linedata Services says that its first European LongView ASP client is live. River and Mercantile Asset Management LLP bought the application last summer, and went live at the end of November 2006. LongView ASP is Linedata's hosted portfolio management, order management and compliance system, including LyNX, its fully managed electronic trading service. The service provides secure end-to-end processing to fully support River and Mercantile's investment management business.

lastminute.com technology adviser Niall Dalton joins market data specialists Kx Systems

Kx Systems, which provides analytics on streaming and historical price data, says that Niall Dalton has joined the company as Chief Solutions Architect. The position of Chief Solutions Architect was created for Dalton, an expert in developing scalable parallel and distributed solutions. He will advise Kx prospects and customers before and after the sale on the IT architecture best suited to their performance requirements.

Hedge funds tracked by Greenwich Associates up 12% in 2006

Greenwich Alternative Investments' global hedge fund index ended 2006 up 12.07 per cent. Over the year to end-December, the Greenwich Global Hedge Fund Index, which includes 1,007 funds, returned 1.49 per cent, compared with the S&P 500's return of 15.79 per cent. The S&P 500 for 2006 was up 15.79 per cent.