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ULLINK, a provider of connectivity and trading solutions for the global financial community, has released the latest and fastest version of its flagship product, UL BRIDGE 4.
UL BRIDGE 4 doubled the latency reduction from its predecessor while increasing message throughput and approaching hardware based technologies performances. All business processes available on UL BRIDGE will take advantage of these enhancements, including but not limited to the library of 70 market gateways, the library of 500 adaptors to the trading systems of the world, the pre trade risk applications (UL IRIS), the smart order router (UL SMART) and the algorithms (UL
Trading algorithms are nothing new. But the way they’re being used is changing, with managers today requiring more and more customisation. From a technology perspective, this is putting sell-side institutions under greater pressure.
Algorithms have to behave in the right way for a particular trading account in a particular market. Buy-side traders know exactly what they’re getting when they initiate an order.
The only downside to customisation is that transparency can become something of an issue; quite simply, running multiple algos with multiple brokers can quickly become an operational headache. “It’s starting to become a case where some clients are
Interview with Tyler Kim – Historically, risk reporting solutions were developed to cater to the needs of sophisticated portfolio managers that require a broad array of data-inten
By James Williams – Over the last three or four years the technology platform between fund administrators and managers has become all-encompassing in terms of supporting front- through back-office operations. There’s a clear push towards real-time integration of services between managers and their administrators, brokers and custodians, and whilst technology vendors are clearly meeting this challenge there’s still plenty of room for improvement.
One of the obvious consequences of managers paring back their technology infrastructure is that fund administrators are being pushed harder than ever to give them the support they demand. This in turn is because managers themselves are
GFI Market Data, a division of GFI Group Inc (NYSE: GFIG) and QUICK Corp have signed an agreement whereby GFI will supply QUICK with credit derivatives market data as of 23 April, 2012.
GFI Group, via its GFI Market Data division, has supplied QUICK with FX options market data and has been doing so since October 2005.
Gakuji Takahashi, Executive General Manager of QUICK Corp, says, “QUICK is very pleased to enter into this new agreement which will allow us to supply our customers with GFI credit derivatives market data. GFI Group covers a broad range of credit
By Tom Zdon, Vice President of Business Development & Solutions, Advent – One of the biggest challenges for the managers we’re focused on right now is the issue of dealing with multiple counterparties and its impact on performance, cost of carry and on providing transparency across asset classes.
Traders hold multifarious securities often through financing provided by their prime brokers. In years gone by, this was straightforward enough as managers typically had sole broker relationships.
Post ’08, however, this is no longer the norm. Multiple prime broker and custody relationships mean that today’s hedge fund manager is dealing with numerous
By James Williams – The advances being made in technology to support hedge fund managers are significant, not only because the way hedge funds operate is becoming more complex thanks to multi-prime relationships and the trading of new instruments, but also because of the intense pressure of regulation.
Technology vendors, managers, fund administrators and prime brokers are all facing huge workflow challenges that require greater integration and, ultimately, automation as the industry moves towards ubiquitously towards a real-time operational environment.
Advent Software has long been a pioneer in meeting the growing demands of the global financial industry. Its Advent Geneva
The GlobeOp Forward Redemption Indicator for April 2012 measured 2.00%, down from 3.23% in March.
“April’s forward redemptions dropped to two percent, the second lowest month on record and the lowest April in the history of the Indicator,” says Hans Hufschmid (pictured), chief executive officer, GlobeOp Financial Services (LSE:GO.).
The Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by the AuA at the beginning of the month for GlobeOp fund administration clients. Forward redemptions as a percentage of GlobeOp assets under administration have trended significantly lower since reaching
The hedge fund industry is an indirect beneficiary of the new JOBS Act in the USA as it will revolutionise how alternative investment funds are marketed to the public, according to Don Steinbrugge of Agecroft Partners…
The new JOBS Act, recently passed by Congress and signed by President Obama, is designed to make it easier for small businesses to raise capital and create new jobs in the current economy. An indirect beneficiary of this legislation is the hedge fund industry, as it will revolutionise how alternative investment managers can market their funds to the public.
Until now, hedge funds have
Irish law firm Dillon Eustace has opened an office in the Cayman Islands. The new office makes Dillon Eustace first European Union legal firm to establish a fully-serviced practice on the islands.
The office opening reflects the firm’s view that while the impact of the introduction of the Alternative Investment Fund Managers Directive may restrict access to European markets – there remains a huge volume of business focussed outside Europe on which the Directive will have little or no impact. This will ensure that the Caymans will continue to be a major domicile of choice.
Mark Thorne, Managing Partner
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