Orc Software, a provider of technology for advanced trading, market making and brokerage, yesterday announced that Nordea, a financial services group in the Nordic and Baltic Sea region, will offer FX execution on the Orc ExNet to ExNet participants, commencing Q1.
INDATA, which provides order management (OMS), compliance and portfolio accounting applications to fund managers, says Horizon Investment Management has bought its order management, portfolio accounti
Overall spending by US firms on execution management systems (EMS) and order management systems (OMS) added up to about US$1 billion by the end of 2006.
INDATA, a provider of software solutions for buy-side firms, yesterday announced that Horizon Investment Services has selected its investment management system (IMS) for trade order management, portfolio accounting and performance measurement for its front-to-back office needs.
ASPone, the London-based trading, market data, connectivity systems developer and managed services supplier has launched a new initiative aimed at positioning the company to exploit the growth occurring in trade capture, trade routing and straight through processing (STP) within the over-the-counter (OTC) markets with capabilities for multi-asset classes and financial markets globally.
RIXML.org, a consortium of buy-side, sell-side and vendor firms committed to the development and implementation of the first open standard for investment research, is pleased to announce the addition of SNL Financial, a multi-sector-focused information and research firm in the financial information marketplace, to the RIXML organisation, effective immediately.
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.
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.
A new report from EDHEC Risk Advisory, Transaction Cost Analysis in Europe: Current and Best Practices, which was commissioned by HSBC Investment Bank, reviews the conditions in which buy-side firms (traditional and alternative) are currently monitoring transaction costs and investigates the various issues related to transaction cost analysis in the context of the Markets in Financial Instruments Directive due to be enforced in November 2007. The directive contains a provision related to Best Execution.
National Instrument 24-101, which commits all participants in the Canadian securities industry to same day trade matching, will become effective on 1 April 2007. However, the Canadian Capital Markets Association (CCMA) announced yesterday that exception reporting has been delayed until February 2008, instead of being introduced as planned in the fourth quarter of this year.