Solutions
ITG, an independent execution and research broker, has launched a new hosted solution for ITG Order Management System (formerly known as Macgregor XIP).
This new web-based solution offers a cost-effective alternative to traditional OMS deployments for use by both long-only institutional investors and hedge funds.
The ITG OMS hosted solution also provides real-time market data capabilities, redundant FIX connectivity and disaster recovery functionality.
The first institutional investor to go live with the new solution is Affinity Investment Advisors.
"The hosted solution provides us with all of the functionality of ITG OMS without the need to purchase
Advise Technologies, a software solutions provider for regulatory compliance, will offer the first CPO-PQR e-filing platform to the National Futures Association (NFA) EasyFile portal.
This will be the first time that filing electronically is possible for Form CPO-PQR.
Advise has worked closely with the NFA and several clients in the NFA’s pilot e-filing programme. Following successful testing in the pilot programme, the CPO-PQR add-on module is featured as part of Advise’s Consensus RMS platform and provides commodity pool operators (CPOs) an efficient and secure resource for filing Form CPO-PQR.
Consensus RMS is a global regulatory and investor
BlackRock and MarketAxess have formed an alliance to create a unified, open trading solution in the US credit markets.
The alliance between BlackRock’s Aladdin Trading Network (ATN) and electronic credit trading specialist MarketAxess is designed to help reduce liquidity fragmentation and improve pricing across credit markets, while expanding both firms’ open trading efforts.
MarketAxess will run electronic trading and broker dealer operations, which will be connected to BlackRock’s enterprise investment system, Aladdin, which hosts USD14trn in BlackRock and Aladdin client assets. BlackRock will provide buy side leadership, input on strategic direction, and innovations in trade execution capabilities for
Citi has launched OpenAi, a range of information delivery and reporting technology to support the delivery of solutions for Citi’s alternative investment clients.
OpenAi will enable alternatives managers around the world to be more efficient, invest in a more effective manner, and help better manage operational risk.
In an environment of expanding regulatory oversight, demand for greater transparency, increasing competition and operational complexity, having access to key portfolio data and exposures across multiple counterparties, fund structures and geographies is critical.
Built on an integrated data management model, OpenAi connects clients’ trading platforms seamlessly to Citi’s processing systems,
Following the acquisition and integration of Nexar, Union Bancaire Privée (UBP) has launched an alternatives division that offers clients broad alternative investment expertise and solutions.
As part of this strategy, it has selected Guggenheim Fund Solutions (GFS) as its partner to provide clients with a platform that combines carefully sourced, dynamic, high-potential hedge fund managers with a next-generation solution that delivers the transparency, governance, and structural risk mitigation required by investors.
Within this framework, UBP uses its hedge fund investing experience to identify, select and monitor performing managers that operate on the GFS managed account platform. Fourteen accounts
The US Patent and Trademark office has issued Patent Number 8,352,353 for Eze Software Group’s execution management system, the RealTick EMS.
The patent covers the proprietary technology and methodology for the staging of electronic orders into a neutral (aggregation) account for execution, providing ultimate flexibility and workflow efficiency to traders while maintaining their anonymity.
"We are excited to have been issued this patent," says Daniel Rooney, president of Eze Software Group’s RealTick EMS division. "RealTick has always been a leader in providing multi-broker functionality and this patent recognises that strength. Since its release, a majority of our customers
S&P Capital IQ’s Real Time Solutions has released its automated trading platform, QuantFACTORY 5.3.2, which includes a number of new features designed to help strengthen its overall capabilities and performance.
Quant traders, researchers and developers at banks, hedge funds and prop desks will benefit from the firm’s QuantDEVELOPER, QuantDATACENTER and QuantFRAMEWORK offerings. These will enable them to build and deploy alpha models more rapidly, thus allowing them to further focus on business development.
QuantFACTORY offers a complete set of tools for the development and automation of quantitative trading strategies. Based on a .NET framework clients can rationalise their
Torstone Technology, a provider of securities and derivatives processing software to the global financial markets, has launched the Inferno back office system for Virtual Private Cloud (VPC) environments such as Amazon or Rackspace.
Torstone believes it is first in its sector to offer this deployment option with the security and robustness to reassure target customers such as investment banks, larger hedge funds and brokers.
Brian Collings, chief executive of Torstone Technology, says: “We believe Torstone has stolen a march on our competitors and is very early in enabling our customers to take advantage of the flexibility, resilience, scalability
Stoxx and Eurex Repo have launched the Stoxx GC Pooling index family, including the migration of the existing GC Pooling Indices calculated by Deutsche Börse into the new index family.
The Stoxx GC Pooling Indices provide a representation of the secured euro funding transactions taking place on the Eurex Repo GC Pooling Market. A unique feature of this index family is the introduction of two funding rates that measure secured interbank funding rates and volumes in the euro zone.
All Stoxx GC Pooling Indices are designed to provide transparent, rules-based alternatives to unsecured interbank benchmarks such as Libor
Integrated Financial Arrangements, the company that operates the Transact wrap service, has selected Calastone as the provider of its electronic, interoperable re-registration solution.
Transact, along with a number of other organisations, took part in the original working group to develop the Calastone re-registration service, and has now chosen the solution to automate its own re-registration process.
Under FSA regulations it is compulsory for platforms to offer re-registration of assets. Whilst these regulations do not stipulate that this process must be automated, it is widely acknowledged that an electronic straight through processing (STP) solution is preferable. Calastone’s solution gives the market
