Watson Wheatley Financial Systems has successfully implemented its iRecs reconciliation system at London-based BennBridge, part of the Bennelong Funds Management Group. The deployment of iRecs covers daily reconciliation of positions, trades, balances and cash flows as well as P&L, NAV
Smith & Williamson Fund Administration (SWFAL) has successfully implemented the automated end-to-end straight through processing (STP) CREST settlement interface into its Babel messaging platform. Smith & Williamson is the first Bravura client to go live with this module, which provides
London-based Square Capital LLP has selected Advent Portfolio Exchange (APX), Advent’s next generation portfolio management solution, and Moxy, Advent’s trade order management system, to p
J E Moody’s Commodity Relative Value (CRV) Program has been added to Sciens’ managed account platform (MAP). J E Moody’s CRV Program is a highly diversified natural resource strategy investing in energies, metals, grains, meats, and soft commodities. It employs
Kinetic Partners is partnering with Redkite Financial Markets to offer a comprehensive regulatory and trading surveillance solution. The partnership, which combines Kinetic Partners’ unique expertise in advising on monitoring and surveillance requirements and Redkite’s market-leading software, will help firms respond
Crescent Financial Partners has purchased a minority stake in IT Trading’s proprietary quantitative trading software for USD3.2m. The software, which has been under development for nearly a decade, employs a statistical arbitrage trading model. “In the finance world, arbitrage is
By Thomas Zdon – A year or two on from the financial crisis Hedge Fund firms were still reeling from the impact of the market on the absolute return model of the industry. Confronted with fears around risk and exposures
Volante Technologies, a provider of software for accelerated financial message integration and end-to-end payments processing, has released Volante Designer version 6.0,a major release allowing banks and financial institutions to address the increasing industry demand for API, cloud and microservices enablement.
RWC Partners, a privately owned asset management company headquartered in London, has selected the Charles River Investment Management Solution (Charles River IMS) to streamline its front to middle office investment processes. Portfolio managers, traders, compliance, and operational teams will
SEI has expanded its middle office outsourcing services to include collateral management for over-the-counter derivatives. It says this will provide asset manager clients with a more automated, controlled and independent method by which to manage their counterparty exposure. As part
