Solutions
Technology company ConvergEx Group has signed a definitive agreement to acquire RealTick, a multi-broker, cross-asset electronic execution platform, from Barclays Bank.
Financial terms were not disclosed. The deal is expected to close by year end 2010, conditional upon regulatory and other customary closing conditions.
With the close of this acquisition, ConvergEx will broaden its technology offering to include a multi-asset class, easily deployable and completely broker-neutral execution platform.
RealTick’s technology integrates sinto almost any trading style and offers features that enable traders to simplify their daily workflow.
“We chose to acquire RealTick because of its highly scalable technology, proven track
A study by Advent Software suggests that a research management solution can save investment firms around 40 per cent in labour costs associated with inefficient and often futile information searching.
Based on a survey of 360 portfolio managers, research directors and analysts, the study found that highly compensated professionals spend an inordinate amount of time searching and sifting for information that is already in their firms’ possession, but scattered among different systems – email accounts, network drives and individual computers.
The inability to find critical decision-making data quickly is costly, not only in staff time but also in missed opportunities.
Northern Trust has integrated BarraOne with its operations platform to strengthen predictive risk analytics and reporting across asset classes, including derivatives.
The integration of BarraOne’s multi-asset class portfolio risk service with Northern Trust’s custody, accounting, fund administration and collateral management platform provides a seamless view of risk and compliance information for clients including investment managers, pension funds, insurance companies, family offices and other asset owners.
Using Northern Trust’s single, integrated risk portal, clients can apply the full spectrum of risk models and stress-testing to generate predictive risk reports that can be used to adjust strategies, maintain investment policy compliance or
SGGG Portfolio Systems, a provider of technology to small and mid-sized hedge funds, has built the first appliance specifically for hedge fund managers.
The appliance combines hardware, operating system and SGGG’s proprietary hedge fund software in a single pre-installed and pre-configured box.
When connected to a hedge fund’s network, the system provides real-time portfolio management and trade order management.
Hedge funds use the system for the entire trading and portfolio management process – to send trade orders to dealers, keep track of trades and portfolios and interface with their custodians.
The appliance has pre-configured connections to numerous electronic trading systems
Woodbine Associates has published a report examining the features, functionality and value proposition of 18 established trading solution providers and giving guidance on choosing the optimal solution for each particular need.
Intended to help buy- and sell-side firms implement an execution management system or select another provider, the study is an impartial guide on which EMS players are worth evaluating, what features differentiate them, and what EMS providers are doing to meet the evolving needs of the capital markets industry.
“Our intent is to provide trustworthy and actionable information to help the investment community make more informed decisions about
BlueNext has launched trading of its first spot emissions reduction units contracts using Trayport’s GlobalVision Exchange Trading System.
The launch of spot ERU trading comes on the back of two ERU auctions BlueNext held in January and September this year.
BlueNext trades three types of environmental contracts: EUAs, CERs and now ERUs. It has used Trayport’s GlobalVision Exchange Trading System since 2008.
BlueNext held the first-ever auction of 400,000 tons worth of ERUs in January. ERUs are created when companies invest in greenhouse gas reduction targets under the Kyoto Protocol.
“The exchange decided to implement secondary auctions and make spot
Collateral secured certificates from Switzerland are now tradable on Scoach, the Frankfurt exchange for structured products.
The collateral deposited for these collateral secured instruments (COSI) minimises counterparty risk for structured products.
COSI enables investors to protect themselves against the possibility of issuer insolvency.
The issuer EFG Financial Products is offering COSI for the first time in Germany, exclusively on the Scoach trading platform. A total of 17 COSIs are currently tradable on Scoach in Frankfurt; the volume invested thus far amounts to EUR61.5m.
For COSI, the issuer deposits collateral in the form of securities or cash at Swiss custodian SIX
Derivatives exchange Eurex will introduce a new pricing model on 1 February 2011.
The overarching goal is to further increase the attractiveness of the Eurex marketplace by offering incentives for market quality and volume contribution as well as fee reductions in a number of key products.
“The new pricing model is designed to further encourage volumes, enhance order book quality and attract new customers. Our new model will help fuel growth in trading volumes across key product segments,” says Andreas Preuss, chief executive of Eurex.
The enhancement of order book trading shall support market transparency and price discovery. To achieve
MSCI has launched Barra Portfolio Manager, a series of equity portfolio management tools for institutional investors.
Designed to help fund managers and their teams manage, monitor and build better equity portfolios, Barra Portfolio Manager provides users with additional portfolio insight and enables them to make faster, more informed investment decisions.
It offers a way to access a broad range of equity portfolio analytics, advanced workflow tools and high quality data.
“In this competitive environment, our clients need flexible, easy-to-use tools that align with their investment process – whether quantitative, fundamental or a blend of both,” says Nathan Tidd, global head
Bolsas y Mercados Españoles and Clearstream have started operations of the trade repository Regis-TR that is jointly owned by the two market infrastructures.
The trade repository aims to meet demands from regulators for more transparency in the OTC derivatives market.
The start of operations of Regis-TR takes place one year after the initiative was announced in November 2009 and follows a testing period in which the financial institutions Banco Sabadell and BBVA participated as pilots. Over the last few weeks the corporates Iberia and Telefónica also joined as pilots.
To operate the trade repository, BME and Clearstream have created a
