Tag: Operations & Technology

RBC Dexia Investor Services has been chosen to provide global custody, fund administration and shareholder services to two funds.

RBC Dexia Investor Services has been selected as custodian and securities lending provider for the Université du Québec's C$2.3 billion pension fund.

Nicholas-Applegate Capital Management (NACM), a San Diego-based investment firm, will use all three elements of Capstone, the front-office software suite from Fidessa LatentZero.

In 2007, 579 US financial institutions are expected to deploy new cash management technologies, according to a new report by research and advisory firm Aite Group. This figure is up 30% from 2006.

SEC SERVIZI, an IT outsourcing consortium serving the Italian banking and financial market, has gone live with a new data warehouse solution in compliance with the Basel II directive, meeting the deadline set by the Bank of Italy.

Schroder Investment Management (Luxembourg) has selected RBC Dexia Investor Services to provide locally-required Canadian sub-recordkeeping services for 23 of its Luxembourg investment funds, which are being distributed to offshore clients through the Canadian investment dealer network.

Reuters Trade and Risk Management has signed five trade deals in the Asia Pacific region for Kondor systems in the first quarter of 2007. This adds to the 140 existing customers serviced by Reuters in thirteen countries across the region. Following on from the sale announced recently at New South Wales Treasury Corporation (TCorp), four more banks are now planning installations of Reuters Kondor systems.

Trading technology provider Selero is in full production providing the end-to-end straight-through processing (STP) backbone at the Boston Equities Exchange (BeX). This includes internal integration, external gateways, and administrative interfaces used for listed and OTC order routing, order handling, and back office processing.

NYFIX, an electronic trading technology and execution services provider, ranked first for New York Stock Exchange execution quality based on price in an annual study recently published by Celent, an independent research and analysis firm for the securities industry. The rankings represent data collected from September 2006 to November 2006 from SEC-mandated execution quality reports submitted by 179 total market participants. Data from more than 3.1 billion orders for almost 1.6 trillion shares is represented in the rankings.