NorthPoint upgrades portfolio management system
NorthPoint Financial has enhanced its portfolio management system for asset managers and hedge funds with a number of efficiency features.
The system, NorthPoint EPM 2.0, upgrades performance and efficiency in operations, portfolio management, pricing and trading.
Key upgrades include greater functionality for hedging and netting consolidated positions, the addition of secure mobile reporting and an increased number of standard integrations with industry service providers.
“This release will help our current and future clients have the greatest marketplace efficiencies and best platform on which to manage their investments,” said Mike Molaro, managing partner, NorthPoint Financial.
Deutsche Börse adds unpublished order data to analytics offering
Deutsche Börse Market Data + Services has launched a service to enable analysis of raw, unpublished data from the Xetra order book.
From 25 November, real-time analytics will give market participants and in-depth view of trading information to help their decision-making.
“For the first time, our clients will be able to access key analytics calculated in real-time directly from the full Xetra order book,” said
Georg Gross, head of front-office data and services at Deutsche Börse. “Xetra real-time analytics bring greater transparency to trading activity in the German spot market by offering customers deeper insight into market conditions and trends.”
The system offers 40 order and trade-related analytics across all 160 constituents of DAX, MDAX, TechDAX and SDAX.
ICAP and Clarus launch OTC data service
ICAP has teamed up with derivatives market service provider Clarus Financial Technology to offer an OTC derivatives data service.
Clarus will be able to distribute ICAP’s benchmark derivatives pricing, covering interest rate swaps, FRAs, OIS swaps and basis swaps in a variety of currencies through its SDRView – Professional software.
The data will give an aggregate view of the best bid and ask levels across ICAP’s on and off-swap execution facility marketplaces for each product and currency once per hour.
Mark Beeston, CEO of portfolio risk services at ICAP, said: “In the new Dodd–Frank environment, mandated post-trade transparency is a requirement, and the ICAP information on Clarus’ SDRView accurately meets those needs by reflecting price levels at which the market is formulating its ‘next’ trade.”
Trade Manage Capital moves to CameronTec’s Catalys
New York-based broker Trade Manage Capital has upgraded its FIX infrastructure to FIX connectivity provider CamertonTech’s Catalys platform to improve operational efficiencies.
Trade Manage Capital has been a CameronFIX customer since 2004, and is migrating to Catalys to enhance its tools for institutional clients to reach a high level of quality executions.
“We selected CameronTec’s Catalys to provide the leading connectivity and FIX infrastructure platform our increasingly sophisticated clients require,” Edward Lee, president and COO at Trade Manage Capital, said.
“We have relied on CameronFIX for a good part of the last decade, and our Catalys upgrade marks our commitment to embrace the latest technology in FIX so that our highly valued customers can, in turn, benefit from greater transparency, higher performance and a more seamless experience.”
TABB Group opens data and analytics research practice
TABB Group has launched a new data and analytics research practice during the MarketTech 2013 industry conference in New York.
According to senior analyst Paul Rowady in a commentary posted to TabbForum, “TABB recognises that the journey from raw data to analytics to intuitive pictures is among one of the most important for firms competing to survive – and thrive – in the new capital markets world.
“As a result, we’re galvanizing a new focal point in the form of a ‘Data and Analytics’ practice, to help guide the entire capital markets ecosystem to improve its return on data management investments.”
TABB’s data and anayltics research has been designed to help institutional investment firms understand the latest trends, methodologies and solutions critical to achieving best-practice in data management capabilities.
It will also assist technology sales and marketing organisations understand specific requirements and use cases within capital markets firms.
Traiana Harmony’s CFD and equity swap network expands in Asia
Post-trade solutions provider Traiana has announced its equities swaps and contracts for difference (CFD) product is now live in the Asia Pacific region.
According to Traiana, buy-side firms are using Harmony to access markets such as China and India, building on existing activity in Japan, Hong Kong, Singapore and Australia.
The Harmony network’s expansion into Asia includes product enhancements designed to address localised requirements driven by both market practice and new regulations, including price breakdowns and unique indications around short selling. It also allows for segregation of regional trade data between the global centres that vary in definition between the synthetic prime broker firms.
Rob Maloney, head of international flow financing, Credit Suisse said, “As a bank, we have significantly improved the post-trade efficiency of what was traditionally a very manually intensive and bespoke market. Expanding this service to Asia allows us to replicate the high standard of client servicing for our Asian clients.”
Traiana Harmony processes more than US$700 billion daily, with over four million trades per day flowing through the network. The expansion of the CFD equity swap network in Asia is aimed at improving risk management by automating the give-up process, streamlining straight through processing and improving transparency.