Latest News
Contix, a provider of social media event-surfacing technology, is opening its platform to “general availability” for trading desks and other finance professionals for the early identification of market-moving news events.
Contix’ platform is in use by trading desks representing hundreds of billions of dollars of assets under management. The company is engaged with some of the world’s largest and most technologically sophisticated hedge funds. “Every day, news of unplanned events — takeover bids, lawsuit judgments, contract awards, clinical trial results, industrial accidents, etc — breaks first on social media, and Contix’s algorithms rapidly identify these events and alert its users,”
- 25/11/2014
Brokers facing the challenges of reduced trading revenues in European equities and new regulatory initiatives are also under pressure from the continued migration of trading business to lower-margin electronic execution.
Despite a multi-year bull market in European stocks and a pick-up in trading volume in the first half of 2014, the amount of commissions paid by institutional investors to brokers on trades of European equities remains 46% lower than it was at its 2008 peak. In 2014, the overall “commission wallet” used by institutions to pay for sell-side European equity research, advisory and execution services totalled EUR2.73 billion, according to
- 25/11/2014
Abacus Group, LLC, a provider of hosted IT solutions for hedge funds and private equity funds, has launched the Abacus Cloud Panel
This web-based portal enhances the visibility and management of AbacusFLEX Mail for chief executive officers (CEOs) and chief technology officers (CTOs). The solution delivers on demand reporting and increased transparency, minimising infrastructure costs and enhancing control of deployment.
Abacus Cloud Panel is a hosted exchange control panel that allows business owners the freedom to provision resources directly from the web. It gives business owners the flexibility to create their own mailboxes, distribution groups and public folders
- 25/11/2014
- 25/11/2014
Catalyst Funds, an alternative-focused mutual fund company, has launched the Catalyst/Stone Beach Income Opportunity Fund (IOXAX), a conversion of the Stone Beach Special Opportunity Fund, a hedge fund.
Now available as a mutual fund product, the fund utilises the same strategy as its hedge fund predecessor and is Catalyst’s third conversion of this kind.
“The Catalyst/Stone Beach Income Opportunity Fund’s hedge fund predecessor offered a proven strategy that we are proud to now bring to mutual fund investors,” says Jerry Szilagyi, CEO of Catalyst Funds. “The addition of IOXAX to Catalyst’s product offerings continues our tradition of providing investors
- 25/11/2014
- 25/11/2014
Continued divergence in economic performance and monetary policy is the prevailing theme investors will have to grapple with in the year ahead, according to JP Morgan Asset Management’s Global Market Insights team.
New research “Worldview: Central banks, the dollar and investing in 2015,” argues that global central bank actions will be the primary drivers of market returns. Investors should expect volatility but a modest preference for stocks over bonds makes sense as long as policy makers continue to pursue stronger growth and higher inflation than the world economy is currently delivering.
“Both the US Federal Reserve and the Bank
- 25/11/2014
Intercontinental Exchange has successfully completed the Liffe futures and options transition to ICE Futures Europe.
The final phase of the Liffe transition was completed with the equity derivatives complex transferring to the ICE platform, following the previous migrations of European interest rate derivatives and soft commodity contracts.
The Liffe equity derivative contracts that were migrated to the ICE platform on November 17 include futures and options on the FTSE 100 Index, futures contracts on the MSCI World and MSCI Europe Indices, as well as a comprehensive range of Single Stock Futures, Dividend Adjusted Stock Futures and Individual Equity Options.
With
- 24/11/2014
FIX Trading Community, the non-profit, standards body at the heart of global financial trading, has combined all initiatives for the support of FIX for high performance trading and market data into a single working group.
One of the drivers for this has been to confirm the importance that high performance has within the FIX family of standards. FIX Protocol has become a standard for the way the world trades and is used by thousands of firms every day to complete millions of transactions, enabling the industry to minimise the cost of trading, maximise operational efficiencies and achieve increased transparency.
- 24/11/2014
BlueBay Asset Management, a specialist manager of fixed income and alternative investments, has appointed Andrew Archer as Partner, Chief Technology Officer.
Andrew joins BlueBay from Man Group, where he was Global Head of Technology. Previously, he was co-Chief Technology Officer for GLG Partners. During his long career, Andrew has consistently rolled out strategic, flexible systems platforms while delivering improved efficiencies and reducing operational risk.
“I’m delighted that someone of Andrew’s calibre is joining the firm,” saisaysd Luc Leclercq, Partner, and Chief Operating Officer. “With his longstanding record of successful systems delivery, garnered over more than twenty years of technology
- 24/11/2014
Parabellum Markets has deployed FlexTrade Systems MaxxTrader as its full STP and white label FX trading system to aggregate liquidity and process Spot currencies, Forwards, NDFs, Swaps and Precious Metals.
”We are excited to announce our relationship with FlexTrade,” says Nathan Halfon, Managing Partner, Parabellum Markets. “Their MaxxTrader platform is a stunning solution to add to our eFX execution business for Spot, Forwards, NDF, Precious Metals and Swaps. With valuable features, such as Full Amount environment for large GUI clips or on demand throttling for API customers, it brings our trading services to a whole new level. And with FlexTrade’s
- 24/11/2014
Archway Technology Partners is to acquire WealthTouch Holdings (WealthTouch), a provider of consolidated investment reporting services to ultra-high net worth families, family offices, wealth advisors and foundations.
Terms of the transaction have not been disclosed.
The acquisition of WealthTouch accelerates Archway’s growth strategy as it pursues new opportunities in the wealth management industry. By combining the best of both firms, Archway will be the undisputed leader in providing technology solutions and outsourcing services to private wealth management firms.
“Over the past twelve years, Archway has built a strong brand known for delivering next-generation technology and exceptional client service
- 24/11/2014
Special Reports
FeatureD
- Intel
- April 25, 2024
- Intel
- April 24, 2024
- Intel
- April 23, 2024
- Intel
- April 22, 2024
- Intel
- April 19, 2024
- Intel
- April 18, 2024
- Intel
- April 17, 2024
- Intel
- April 16, 2024
