Solutions
Advent Software, a provider of software and services for the investment management industry, has launched the latest version of Geneva, its portfolio management and fund accounting solution.
Version 8.0 introduces middle office functionality, integration to counterparties and data providers, and customisable access to real-time data.
Geneva 8.0 simplifies the process of tracking varied investment classes and portfolio management activities across multiple strategies and portfolios.
By making information instantly accessible, it aims to help firms make more timely decisions to maximise performance while reducing operational risk and building investor confidence.
Enhancements to Geneva 8.0 include: real-time dashboards for monitoring counterparty exposure
NYSE Liffe will introduce weekly options on three of the most liquid shares traded on the Amsterdam market on 16 July: ING Group, Royal Dutch Shell and ArcelorMittal.
These contracts, which will provide investors with more opportunities to trade the major Amsterdam blue chip stocks, are the first ever weekly options on individual shares in Europe.
The key attraction of weekly options is that they cost less to trade than longer-dated alternatives. Generally the premium payable on short-lived weekly options is lower because its time value element is smaller.
For the same reason they also offer greater leverage: according
Quicken Loans has licensed Response Analytics’ Mortgage Asset Management solution to support its workflow for managing residential loans.
Quicken Loans, a 50-state, direct-to-consumer retail mortgage lender with more than 3,000 team members, is the nation’s largest online retail mortgage lender and the fifth largest retail mortgage lender overall.
Response Analytics’ software will be used by Quicken Loans when evaluating how to maximise the value of the loans it reviews for business partners.
“Response Analytics’ software will be very useful in helping us continue to evaluate our partners’ portfolios, while ensuring we continue to maintain the efficiency that has been
International derivatives exchange Eurex plans to extend its offering of futures and options on European size indices provided by Stoxx.
Four futures and four options based on the Euro Stoxx and the three corresponding sub-indices Euro Stoxx Large, Mid and Small will be tradable as from 28 July.
The new derivatives will enhance the existing offering of four futures and four options based on the Stoxx Europe 600 Index and the three sub-indices Stoxx Europe Large 200, Stoxx Europe Mid 200 and Stoxx Europe Small 200.
“By extending our offering to include new euro-denominated index derivatives, we will create additional
Deutsche Börse has launched an updated version of Xetra which aims to improve the efficiency of the pan-European trading system.
“Deutsche Börse has improved the market quality of Xetra yet again with Release 11.0. The functionality and speed of our trading system and the provision of liquidity will be improved,” says Rainer Riess, managing director of Xetra market development at Deutsche Börse.
One of the most important technical improvements is the expansion of the Enhanced Transaction Solution interface. Order information is now sent to participants in real time via this interface.
The new execution restriction “book or cancel” facilitates targeted
HedgeOp Compliance has introduced two new tiers of its ADVassist adviser registration service, providing enhanced customisation for advisers registering as investment advisers with the Securities and Exchange Commission.
The new suite of services, ADVassist Basic and ADVassist Advanced, enable private fund advisers to fulfill registration and compliance requirements cost-effectively and appropriate to a fund’s size and infrastructure.
"With financial reform a reality, private fund advisors should be preparing for registration now," says William Mulligan, managing partner and chief executive of HedgeOp Compliance. "Now is the time for these firms to implement a formal testing and review of their compliance procedures.
Singapore Exchange has launched Asia’s first dividend futures contract, the Nikkei Dividend Point Index Futures contract.
Since its 17 June debut, the contract has achieved total volume of over JPY1.5bn as at 1.00am Singapore time today.
Bid-ask spreads have been under two per cent for transactions of at least JPY60mn on both sides, and as low as 0.2 per cent for small-size transactions.
Open interest stood at JPY600m as at 1.00am today.
Chew Sutat, executive vice president and head of market development at Singapore Exchange, says: “We are delighted with the active participation of the international investing community in the
Hermes Fund Managers, an asset manager offering investment solutions for institutional clients, has selected client communications specialists Equipos to deliver its enterprise-wide client reporting infrastructure.
Hermes will use Equipos Coric to automate the production of client reports and streamline client communications.
The Coric suite enables end-to-end management of the client reporting process while providing dashboard control and workflow automation. Coric puts control of the reporting process into the hands of the client servicing team, enabling rapid response to ever-changing client reporting requirements.
Philip Keeler, executive director – operations and IT at Hermes Fund Managers, says: "When looking for a comprehensive
Riley Paterson Investment Management, a Singapore-based hedge fund manager with USD340m of assets under management, has implemented Paladyne Portfolio Master as its fully-hosted front-to-back-office solution.
Paladyne Portfolio Master offers a combination of order management and portfolio management functionality, and may either be installed on-site or delivered via Paladyne’s hosting platform, Paladyne ASP.
Riley Paterson uses Paladyne Portfolio Master for order management, compliance, real-time profit and loss monitoring, portfolio management, NAV reporting, and automated reconciliation to its prime brokers.
Additionally, Paladyne Portfolio Master includes out-of-the-box integration with Riley Paterson’s direct execution brokers and their preferred execution management system, Bloomberg EMSX.
Paladyne’s
GlobeOp Managed Services will partner with business communications provider Intermedia to offer Outlook 2010 desktop functionality through Microsoft Exchange as a hosted service.
The enhanced private cloud service enables GlobeOp to offer clients the benefits of full collaboration functions of Microsoft Outlook 2010, without client installation or maintenance.
Partnering with Intermedia, the world’s largest Microsoft Exchange hosting provider, also facilitates hosting Blackberry Enterprise Server and Windows SharePoint, delivering wireless synchronization and workspace sharing services respectively.
According to a June 2010 InformationWeek survey, 58 per cent of business IT professionals are either using or planning to use private clouds to cut
