Buy-side traders may have one reason to breathe a little easier amid the pandemic-induced downturn and related market volatility. State-of-the-art, integrated, electronic transaction platforms are not likely to replace humans on the trading desks any time soon, according to researchers at market research firm Greenwich Associates. “The average number of traders on buy-side trading desks… Read More >>
SimCorp’s Dimension Moves to Microsoft’s Azure: Q&A
(SimCorp, a provider of multi-asset investment management solutions and services, recently announced that it will be integrating its Dimension platform with the Microsoft Azure cloud computing platform. This phased integration will yield the hosted, SimCorp Dimension-as-a-Service offering via a public cloud, officials say. The move is the vendor’s response to the needs of its clients… Read More >>
Buy-Side Trading Desks Favored IT Spending in 2019
On average, budgets for American and European buy-side trading desks rose by four percent in 2019, and it appears that much of that increase went to spending on technology rather than for hiring staff, according to a recent report from Greenwich Associates, a market research firm. In fact, the research firm found that “headcounts among… Read More >>
Raymond James Launches Customizable Algo Platform
Raymond James Financial has launched a new algorithmic trading platform, dubbed Raymond James Electronic Trading (RJET), that targets more than 1,000 institutional clients, including buy-side firms, hedge funds, and long only funds, officials say. “Equity trading continues to shift toward electronic channels, especially in the wake of unbundling among some of the largest asset managers… Read More >>
IBM & CLS Collaborate on DLT Network PoC
IBM and CLS to Work on DLT Proof-of-Concept Effort Computing giant IBM is collaborating with CLS, a market infrastructure group delivering settlement, processing, and data solutions, on a proof of concept (PoC) effort for LedgerConnect, described as a distributed ledger technology (DLT) platform for the financial services industry. The LedgerConnect offering to come is intended… Read More >>
Access Fintech Gets Two Boosts from JPMorgan
Post-trade start-up Access Fintech is getting two boosts from JPMorgan Chase & Co.: a round of series A funding from the bank, and membership in the JPMorgan In-Residence program — all to bolster the young vendor’s offering that brings together many post-trade processes into a single, aggregated view. The JPMorgan funding may pave the way… Read More >>
Denali Deploys INDATA OMS for Trading & Compliance
Denali Advisors, a quantitative-based, institutional investment management firm, went live last month with a trade order management system (OMS) and FIX-based electronic trading support via provider INDATA, an implementation for pre- and post-trade securities and compliance operations. The San Diego, Calif.-based firm’s installation of INDATA’s iPM (Intelligent Portfolio Management) Epic OMS is delivered to end-users… Read More >>
Buy Side Spared Direct CAT Reporting Requirements
(U.S. securities exchanges and the Financial Industry Regulatory Authority (FINRA) pushed for the creation of an uber market surveillance/database system, the Consolidated Audit Trail (CAT), to support SEC Rule 613. Plans for implementation have been underway since July 2012 and got a boost when SEC officials finally approved the CAT NMS Plan on Nov. 15,… Read More >>
Buy-Side IT Spending Up as Traders’ Compensation Shrinks
Are buy-side firms starting to shift more funding toward IT and data for trading and securities operations and away from compensation for front-line traders? The most recent answer appears to be in the affirmative, according to a new report from market research firm Greenwich Associates, which chronicles how “technology spending is crowding out trader pay… Read More >>
