TMX Atrium upgrades North American infrastructure
Trading infrastructure provider TMX Atrium has completed a significant upgrade of its North American infrastructure, which will enable it to offer clients more flexible and fully scalable access to multiple markets in the region and into Europe.
The firm's investment in its platform offers a competition advantage through the upgrade of its points of presence network across Chicago, New Jersey, New York and Toronto. The recently upgraded 10-gigabits per second platform will give clients faster access to market data volumes in North America and offers back-up paths in response to the regulatory drive for diverse connectivity to key liquidity centres.
"Our client base is located in multiple locations, so it's critical that we provide access to all markets and from all locations on an industry leading platform. We need to support venue migrations across North America and Europe and at the same time offer optimum trading choice," said Emmanuel Carjat, managing director, TMX Atrium.
SunGard's Fox River algos available on Silexx EMS
SunGard's Fox River Execution Solutions are now available on Silexx's Obsidian execution management system (EMS). Traders and risk managers using Silexx will have access to Fox River's entire algo suite, and Fox River customers will be able to access the Silexx EMS.
Silexx's Obsidian platform provides the ability to generate an interface for all of Fox River's algorithm parameters, giving users the ability to seamlessly integrate their algorithms on the platform and control the parameters of every algorithm.
"SunGard's Fox River algorithms will help provide Silexx traders and risk managers with improved fill trade rates and best price and execution. In addition, Silexx can offer customers a cost-effective, front-end gateway to Fox River algorithms," said Thomas Frey, president, Silexx Financial Systems.
Aegon Asset Management selects Markit for data management
Global financial information services firm Markit will provide Aegon Asset Management with its Enterprise Data Management (EDM) platform across all operations, globally.
The asset manager, which has €250 billion in assets under management, will deploy Market EDM to support data management processes across multiple business units.
"The value already being delivered to the UK unit from its implementation convinced our US and Dutch operations that it was the best choice for our long-term global data management strategy. We are confident in Markit's ability to deliver a solution that will help us meet our global data management needs," said Keith Rate, global COO, Aegon Asset Management.
Linedata adds private equity to back office tool
Gobal solutions provider Linedata has added private equity administration functionality to its back office platform.
The private equity capability, available in the latest version of transfer agency software Linedata Mshare, will enable users of Linedata Mshare and Linedata Admin Edge to manage the administration of private equity funds, alongside traditional asset management, hedge funds, partnerships and master feeder structures on a single platform.
"The addition of private equity capabilities was a natural next step for Linedata Back Office," comments François Pradel, product management director of Linedata Back Office Asset Management. "We have seen demand in the fund administration marketplace for a comprehensive platform to cover diverse fund structures, and Linedata is uniquely placed to provide the full range of functionality."
Leading Indian bank goes live with Numerix Portfolio
Cross-analytics and derivatives valuations provider Numerix will provide the second largest private sector bank in India, HDFC Bank, with its solutions for its risk management needs.
The Numberix Portfolio enables HDFC Bank to manage, monitor and report on market risk exposure for their entire range of portfolios, including banking and treasury management groups, across all asset classes.
"We are pleased that HDFC Bank has chosen Numerix to assist them in the further expansion of their regulatory compliance and firm wide risk management efforts," said Steven r. O'Hanlon, CEO and president of Numerix.