Solutions
State Street Corporation, a provider of financial services to institutional investors, has added custody, cash management and foreign exchange services to its suite of front-, middle- and back-office administration services for hedge funds.
The expanded service offerings are in response to growing interest from hedge fund managers seeking to diversify risk by moving more services to global custodians during a challenging market environment.
“Counterparty risk is a heightened concern among hedge fund managers who are assessing safekeeping options for their cash and other assets,” said Jack Klinck (pictured), executive vice president and global head of State Street’s Alternative Investment Solutions
HedgeOp Compliance, a provider of compliance software and consulting services for alternative asset managers, has entered into an alliance with Strata Fund Services, a full-service administrator to the alternative investment industry, to provide Strata with its ComplianceTrak software platform.
Strata will use the software to service its clients and enhance its compliance offerings.
"We were looking for an efficient and cost effective way to enhance our compliance offerings to asset managers, and increase the number of clients we can service. ComplianceTrak, with its patented automated technology, will allow us to undertake, on a large scale, the reporting, monitoring and tracking
Instinet, a provider of electronic trading and agency-only brokerage services, has launched BLX, an algo-friendly dark pool for US equities that builds block trades by combining the liquidity aggregation benefits of point-in-time crossing with the flexibility of a continuous market.
BLX, which has been operating in a soft launch mode, recorded an average trade size of 15,719 shares in September 2009.
With BLX, Instinet aims to restore block-trading in the fragmented US equity market, as the platform aggregates multiple orders from both buy- and sell-side participants and consolidates them into block-size trades.
Given its multi-party participation model, BLX is able
Tokyo Stock Exchange has launched Tdex+ System, a trading platform for options contracts.
Tdex+ System is an electronic trading system based on Liffe Connect, which is used by NYSE Liffe.
It aims to improve order processing performance to six milliseconds of order response and about 20 thousand transactions per second.
In addition, TSE has also introduced the market maker scheme for all listed options contracts. Multiple market makers have started to quote, bid and offer continuously for options on JGB Futures and Topix options and equity options.
Atsushi Saito, president and chief executive of Tokyo Stock Exchange, says: “Today’s launch
Linedata Services, a provider of investment and credit software, services and support, has launched version six of its Beauchamp FundManager product, a portfolio management solution for alternative investments.
New features in Beauchamp FundManager include counterparty risk reporting; increased throughput; enhanced fixed income coverage; and improved financing calculation.
Counterparty exposure reporting capabilities are now available to help managers understand their exposure to a counterparty across their portfolio. Developed in close collaboration with clients and now available as part of the core product, Beauchamp FundManager reporting includes both standard and configurable reports.
Beauchamp FundManager’s architecture improvements include parallel processing of position
J.P. Morgan Worldwide Securities Services has developed an asset allocation and manager selection analysis tool that enables clients to plan and map the risk-return implications of their current and new portfolios.
The Portfolio Construction Tool allows plan sponsors and other institutional investors to see which portfolios potentially generate the optimal risk-adjusted returns.
It is delivered as a module on J.P. Morgan WSS’ Online Portfolio Analytics Lab, launched earlier this year. The lab provides online access to various investment performance and risk measurement tools that allow users to evaluate and rank managers, break down sources of return, analyse risk factors,
CarryQuote a provider of integrated desktop and mobile financial information solutions, has signed its reseller agreement in the US with EmergingTraders.com, an alternative investment management company.
The partnership enables EmergingTraders.com to offer a branded version of the CarryQuote solution to its universe of managed futures traders and investors, and expands CarryQuote’s domestic presence.
The CarryQuote solution provides real-time pricing data, actionable analytics, and personalised alerts through an integrated mobile and online interface.
By offering a branded, white-label application for investors, EmergingTraders.com can increase its number of customer touch-points and generate greater visibility among its user base of more than 10,000
The Market Authority of the Channel Islands Stock Exchange is making available transaction settlement at Euroclear UK & Ireland for CISX-traded open ended investment companies from 30 November 2009.
The CISX has been trading Oeic since March 2005, and will now be able to offer listed issuers in UK-domiciled (including Guernsey and Jersey) Oeic transaction settlement at Euroclear UK & Ireland for transactions on or outside dealing days.
Euroclear UK & Ireland is the central securities depository for UK, Irish and Channel Island securities and already provides settlement and related services for a wide range of securities traded on the
Gain Capital, a global provider of online trading services, has launched ForexTrader Pro, the latest version of its margin trading platform for active traders.
"Forex traders demand cutting edge tools. Our goal is to stay ahead of the curve with our proprietary trading technology and deliver a competitive advantage to our customers and partners," said Glenn Stevens, chief executive of Gain Capital. "The new ForexTrader Pro is a robust solution for active traders looking for advanced technical analysis capabilities, sophisticated order management and the ability to customise their trading environment to their specific needs."
ForexTrader Pro delivers a new user
Gravitas Technology, a technology and solution provider to alternative investment and financial services companies, has launched The Gravitas Fractional CIO offering to provide strategic information technology guidance to hedge funds.
This is the first fractional CIO service targeted exclusively to hedge funds and private equity firms.
Chief information officers play a critical role at both large and small funds. The CIO is responsible for identifying, recommending and developing technology solutions that control the firm’s internal and external information flows and directly impact fund performance and business efficiency. A CIO is also responsible for ensuring the company’s information technology investments are
