Solutions
ULLINK, a provider of electronic trading solutions and connectivity to the financial community, is to acquire NYFIX and Metabit from NYSE Technologies, part of Intercontinental Exchange (ICE).
The transaction, which is subject to regulatory approval, is expected to close in the third quarter of 2014.
The combined business will be made up of 500 employees, with offices across many of the world’s leading trading centres, servicing over 2,000 clients. The new organisation will have combined revenues of over USD130m.
Both NYFIX and Metabit are complementary to ULLINK’s existing strengths and will serve to accelerate the company’s growth ambitions.
A white paper from Gravitas provides alternative investment companies with a layered cybersecurity strategy including a six-point framework of actionable steps to address a range of cyber-threats head on.
Gravitas is a co-sourcing platform providing portfolio management and risk analytics, research and analytics, operations and information technology services to the alternative investment industry.
“The evolving cyber-threat landscape and increased regulatory scrutiny have created tremendous pressure for alternative investment firms as they shore-up their IT security,” says Patrick Mullevey, executive director of Systems Integration at Gravitas. “Gravitas has constructed a framework for assessing a firm’s cybersecurity awareness, preparedness and resilience
A large number of businesses in the financial services sector are putting their IT systems and data at risk by failing to adopt good cloud computing practices, according to research from NCC Group.
NCC Group surveyed chief investment officers from financial services companies with over 1,000 employees, and found that less than half of those surveyed carry out third party audits of prospective cloud providers prior to engagement, and over 60 per cent do not have any contractual protection in place if their cloud provider fails.
Cloud adoption in the sector is gaining momentum, with a massive 80 per
BNY Mellon has launched MyOnCore, an online portal that offers transparency and oversight to investment managers who have outsourced their middle-office operations.
Many investment managers who have entered outsourced agreements are now re-evaluating how their operations teams can best address certain key priorities. These include efficiency improvements to ensure future needs can be met; the rationalisation of arrangements that may have become fragmented over time; the ongoing reduction of risk; and the ability to meet increasing regulatory obligations.
MyOnCore aims to help investment managers to define the governance parameters around an outsourced arrangement more effectively, giving them a clearer
TOM Smart Execution is now connected to BATS Chi-X Europe, adding another trading venue to the Smart Order Router (SOR).
With the new connection, TOM Smart Execution now compares more available prices across different pan-European exchanges.
Willem Meijer, chief executive of TOM (The Order Machine), says: “From the start of our Smart Order Routing business, the focus has always been on retail investors getting the best possible conditions for their order executions. Connecting our Smart Order Router to BATS Chi-X Europe promotes competition between exchanges and will therefore have positive effects for retail investors.”
Koen Beentjes, CEO of
Over 50 per cent of firms are struggling with the technology challenges required to deliver competitive, quality reports, according to a white paper released by VistaOne Solutions, a division of CoreOne Technologies.
In January and February 2014, Wall Street & Technology, a division of UBM Tech, surveyed 108 buy-side decision makers from its financial services network database. The study looked at how buy-side firms are progressing in their efforts to keep up with the constantly evolving transparency requirements.
“Current technology platforms are not keeping pace with fund manager initiatives to grow AUM, expand distribution channels and tailor client services,”
Linedata has released a new version of its transfer agency software Linedata Mshare, which is designed to address client concerns over both regulatory compliance and how to attract new business.
This release includes FATCA withholding tax capabilities, Anti-Money Laundering (AML) updates and enhanced private equity functionality.
The new release of Linedata Mshare ensures that its clients are regulation-ready with its automated FATCA withholding tax capabilities and AML updates, two areas of regulation that impact significantly on transfer agents, fund administrators and the investment market as a whole. It also enables Linedata’s clients to expand their own client base beyond
An EDHEC-Risk Institute study from the Lyxor research chair on “Risk Allocation Solutions” develops a conditional approach to risk parity, which contrasts with standard unconditional risk parity portfolios.
According to the paper, “Towards Conditional Risk Parity – Improving Risk Budgeting Techniques in Changing Economic Environments”, it has become increasingly apparent that a portfolio that seems to be well-balanced in terms of dollar contributions can be extremely concentrated in terms of risk contributions because of differences in volatility and pairwise correlation levels amongst the constituents.
Risk parity has become an increasingly popular risk management methodology within and across asset classes.
The Velocimetrics solution has been integrated with private financial cloud provider Options’ ultra low latency product offering, Velocity.
The new Options-Velocimetrics solution will enable clients to instantly gain a detailed understanding of their trading performance, through real-time latency monitoring, problem detection, alerts and rapid issue analysis.
Velocimetrics’ monitoring technology delivers visibility across the complete trading environment, tracking the exact route and latency of trading events through business critical software applications, integrated systems and across global networks.
Options’ clients will gain a comprehensive view of their firm’s trading activities, real-time detection, alerting and diagnosis of issues and analysis of
Barchart has launches several application programming interfaces (APIs) through its Barchart OnDemand service, designed to serve the commodity futures industry including agricultural, energy, metals and softs markets.
Barchart OnDemand is a cloud-based service developed for accessing and delivering market data and information using web services. It is built upon the Amazon Web Services (AWS) cloud infrastructure and features the ability to easily access an extensive amount of market data and information.
As an on-demand web service, the new APIs make access to market data easy and efficient.
The new APIs include:
• getWeekly_ShortDatedFuturesOptions: Provides access to market data for
