Solutions
Meridian Global Fund Services Group, a fund administrator, has implemented Fascet Balance and Fascet Conduit solutions for its enterprise data management.
Meridian Global Fund Services now has data normalisation and business process management solutions and the ability to automate the process of transaction matching and account reconciliation.
“Our implementation of the Fascet solutions for fund administrators has significantly increased the functionality of our back office and provides more efficiency in daily and monthly processing for our investment management clients,” says Tom Davis, chief executive Meridian Global Fund Services. “The complexity of our growing client base demanded a solution that allowed
Vastardis Capital Services has adopted Geneva, Advent Software’s portfolio management and fund accounting solution, to support its fund of funds business.
Vastardis was one of the earliest adopters of Geneva 8.0, the latest version of the product which includes portfolio management capabilities, integration to counterparties and data providers, and access to real-time data.
Vastardis is a fund administrator headquartered in New York with offices in Toronto and Singapore. The firm has approximately USD20bn in assets under administration. More than 75 per cent of assets administered by Vastardis are from fund of funds managers.
John Stefankiewicz, partner and chief operating officer
NYSE Euronext has reported net income of USD128m, or USD0.49 per diluted share, for the third quarter of 2010, compared to net income of USD125m, or USD0.48 per diluted share, for the third quarter of 2009.
Results for the third quarter of 2010 include USD25m of pre-tax merger expenses and exit costs and a USD21m deferred tax benefit related to the reduction of the UK corporate tax rate.
Third quarter 2009 results include USD8m of pre-tax merger expenses and exit costs and a USD4m net gain from disposal activities.
Excluding the impact of these items, net income in the third
At the derivatives markets of Eurex, an average daily volume of 9.2 million contracts was traded in October, down from 10.4 million in October 2009.
Thereof, 6.3 million contracts were traded at Eurex (October 2009: 6.4 million) and 2.9 million contracts were traded at the International Securities Exchange (October 2009: 4.0 million).
In total, 193.7 million contracts were traded on both exchanges (October 2009: 228.8 million); thereof, 132.0 million contracts at Eurex and 61.7 million contracts at ISE.
At Eurex, the equity index derivatives segment was the most active segment, totaling 57.7 million contracts (October 2009: 67.4 million). Futures on
Traiana has expanded the Traiana Harmony network to manage exchange-traded derivatives.
Fully integrated with Traiana’s solution for foreign exchange, Harmony for Exchange Traded Derivatives provides real-time post-execution risk management, with services for straight-through-processing, allocations, reconciliations, and confirmations for ETD trades.
Using Harmony, banks are able to provide their clients with real-time visibility of ETD trades, increasing the transparency and operational efficiency of the bank’s post-trade processes.
Deutsche Bank is the first customer to go live with Harmony for Exchange Traded Derivatives.
Buy-side firms can now match, allocate, STP and confirm their trades in real-time to ensure any mismatches are caught
Deutsche Bank has gone live with dbClear Listed Derivatives Matching.
The new service will provide Deutsche Bank’s clients with real-time visibility into the futures and options trade life cycle from execution to settlement.
The company says clients will benefit from improved risk management, trade processing and client service.
dbClear Listed Derivatives Matching connects the client, clearing broker and executing broker using Traiana Harmony for Exchange Traded Derivatives. It provides straight-through-processing, allocation, reconciliation, and confirmation for listed derivatives trades. This allows Deutsche Bank to match, allocate and execute post-trade processes for futures and options in real-time to ensure any mismatches are
InvestCloud, a company that delivers securities technology and services from the cloud, has launched The Prime Broker Cloud, the first of their institutional solutions for the securities industry.
The Prime Broker Cloud is an object solution for prime brokers that combines InvestCloud’s transaction editor, message technology, Interactive Data Repository, intraday accounting, order management system, and Interactive Reporting Portal.
The Prime Broker Cloud is designed to enhance the efficiency and effectiveness of processes at the heart of the prime brokerage role. It is able to selectively solve precise points of weakness in a prime services vendor’s current service offering by using
SuperDerivatives, a derivatives benchmark and multi asset front office system, has entered into a memorandum of understanding with Algorithmics, a provider of risk solutions, to offer banks, funds and asset managers a solution to improve their risk management capabilities.
The collaboration, which is subject to final contract, includes two elements: integrated data for managing OTC derivatives using SD’s volatility surfaces; and Algorithmics’ risk analytics for all asset classes and instruments.
Algorithmics’ clients can benefit by integrating SD’s data into Algorithmics’ full valuation framework and thereby isolating volatility as a risk factor more effectively. In turn, SD’s clients can benefit
ABN Amro Clearing is expanding its centralised OTC Derivatives Clearing Service with centrally cleared over-the-counter-traded interest-rate swaps as of 1 December.
The service will be available globally and extends ABN Amro Clearing’s offering of exchange-and off-exchange-traded products by providing clients with instant access to OTC products across multi-asset classes.
The new service will help reduce counterparty as well as systemic risk in the OTC market by shielding clients from running counterparty default risk on open swap positions while removing any risk-weighted capital requirements.
This is occurring at a time when regulators and industry bodies globally are looking for ways to
Calypso Technology, an application software provider of an integrated trading, risk and processing platform to financial institutions and corporate treasuries, has launched an over-the-counter clearing service for derivative clearing members.
The latest product development builds on the Calypso System as a clearing platform implemented by a number of clearing houses for interest rate derivatives and credit derivatives clearing.
The company is now offering a solution for clearing members to clear and process OTC derivatives on behalf of their house and clients accounts, across multiple clearing houses.
The service provides support for all trade lifecycle events of a centrally cleared
