Tech update: Fidessa, Eze Castle, SIX and more…

US-based GW&K Investment Management is now using Fidessa’s Sentinel Compliance Service for fully managed, comprehensive compliance.

By None

GW&K LIVE on Fidessa’s Sentinel Compliance Service

US-based GW&K Investment Management is now using Fidessa’s Sentinel Compliance Service for fully managed, comprehensive compliance.

Sentinel provides a service for investment managers to manage their compliance processing including rule coding, regulatory updates, data management, platform upgrades and day-to-day operation of the platform.

The service is aimed at reducing operational costs for GW&K, which manages US$20 billion in US equity and US taxable fixed income and municipal fixed income, across institutional, advisory and private client lines of business.

Megan Costello, president of Fidessa’s North American buy-side business, said: “By centralising compliance onto the Fidessa service, GW&K now operates a scalable, efficient and robust compliance operation.”

WSE sees growth on new UTP

The number of orders placed in the Warsaw Stock Exchange’s (WSE) new universal trading platform increased three fold compared to an old system used a year ago.

Nearly five million orders were placed on the platform, which was developed by NYSE Technologies, up from 1.5 million orders on Warset, which was replaced on 15 April 2013.

“The implementation of the state-of-the-art trading system was a great challenge for the exchange, brokerage houses and many other institutions present on the Polish capital market,” Adam Maciejewski, president of the management board of Warsaw Stock Exchange. “The first year of operation of UTP proved that we managed to complete the ground-breaking process without any interruption to the market.”
Last year, trading in equities on WSE increased by 23%, which according to Maciejewski was nearly four times European average growth. Session trading in March was 15% higher than in January this year.

Eze Castle Integration expands London office

Eze Castle has moved to a new London office to accommodate employee growth and has promoted Dean Hill to the position of executive director to oversee the UK operations and international sales effort.

Hill is the former director of sales, with nearly two decades of sales and technology experience. In the new role, he will head up the company’s UK and Asia offices, while assuming responsibility for Eze Castle’s UK operations.

“London is one of Eze Castle Integration’s fastest growing regions and we continue to invest in our technology, operations and people,” said Vinod Paul, managing director, Eze Castle Integration. “Our move to a larger office space and the promotion of Dean put Eze Castle Integration in an excellent position to achieve continued worldwide growth.”

SIX adds real-time data to Bloomberg platform

SIX Financial Information has added its real-time data feed, MDFselect, to the Bloomberg platform.

The deal enables existing users of Bloomberg’s consolidated data feed to use SIX’s data as both an automated and self-managed service.

Real-time, delayed and historic data is available with no recoding or reprogramming needed to enable applications to access the data.

Tony McManus, global head of real-time technology at Bloomberg’s Enterprise Solutions business, said: “We are delighted to have the opportunity to work with SIX to develop an integrated and comprehensive service that can provide the data content that clients want, and the resiliency they need, to support reliable and consistent business operations.”

SuperDerivatives to offer premium ICAP data on DGX terminal

ICAP’s premium data is now available via the SuperDerivatives DGX market data terminal.

The terminal offers proprietary real-time data for cash and derivatives in all asset classes. By adding ICAP’s G7 premium package, DGX users will be able to see specific contributors to ICAP’s key data sets.

The data covers FX spot and forwards, interest rate derivatives, G7 government debt, US treasures and mortgages, benchmark US agency and money markets globally.

Bonnie Eshel, head of market data at SuperDerivatives, said: “The addition of ICAP G7 Premium Package to the DGX store will be followed by a number of data packages to be announced throughout 2014, as we continue to provide the most comprehensive market data to our rapidly growing user base at an affordable rate.

“The single flow work solution ties in perfectly with SuperDerivatives’ strategy to offer accurate, real-time market data to our clients via a fully customisable platform and will allow DGX users to easily and flexibly manage their trades.” 

Ullink hires McDowell to drive global growth

Trading technology and connectivity provider Ullink has hired Simon McDowell as global sales operations director.

McDowell appointment will support the firm’s global growth, focused on delivering multi-asset class services to clients.

He has almost 30 years experience in financial services and technology, including an in-depth understanding of trading systems.

His most recent role was as COO for the EMEA region at NYSE Technologies and was also a managing director at Fidessa.