The infamous Grinch had a change of heart when he tried to steal Christmas from Who-Ville, but he may have stolen the 2016 bonuses from the buy side instead. Remuneration for the asset management industry has been declining in 2016, and that will be reflected in annual bonuses that will be handed out early next… Read More >>
Thomson Reuters Targets Buy Side via REDI Acquisition
Market data, trading systems and news giant Thomson Reuters has acquired REDI Holdings, whose REDIPlus execution management system (EMS) will become part of the vendor’s suite of data and trading offerings, intended to attract more buy-side firms. The REDI acquisition will help Thomson Reuters provide an integrated workflow solution to the buy-side trading community, officials… Read More >>
New York Proposes Mandatory Cyber-Security for Firms
NY DFS Proposes Regulation to Require Cyber-Security Programs The state of New York via the State Department of Financial Services (DFS) wants to require banks, insurance companies, and financial services institutions to “establish and maintain” a cyber-security program via a new regulation proposed by the DFS and Governor Andrew M. Cuomo. The impetus for the… Read More >>
Vestmark Platform Links Sponsors to Asset Managers
Vestmark, a software-as-a-service (SaaS) provider of portfolio management and trading solutions, has launched the Vestmark Manager Marketplace (VMM), which is intended to connect asset managers to sponsors such as registered investment advisors (RIAs), banks and broker-dealers. The VMM service facilitates sponsors’ links to third-party management in model portfolio format or in separately managed accounts (SMAs),… Read More >>
BISAM Acquisition Serves as a Milestone for Unifying Performance and Risk
Performance measurement vendor BISAM’s just announced acquisition of risk analytics specialist FinAnalytica is a response to growing demands among buy-side firms for a unified performance and risk approach, and industry observers are in agreement that the two disciplines are on a parallel and perhaps intersecting path. BISAM officials are not disclosing the financial arrangements for… Read More >>
Q&A with Numerix: Real-World Models Have Many Uses
(Editor’s note: Numerix, a vendor offering cross-asset analytics for derivatives valuations and risk management, recently announced that it has expanded real-world modeling coverage in the Numerix CrossAsset core analytics stack, part of the 12.5 release. The upgrade offers the new Hull-White 2-factor real-world interest rate model (HW2F RW), which supports calibration to a projection curve… Read More >>
Dash Financial Debuts Data Visualization System
Agency broker-dealer Dash Financial has launched Dash360, a data visualization tool intended to help buy-side firms achieve more transparency and attribution into the order routing, execution behavior, costs and performance of securities transactions overseen by Dash, which works in U.S. options and equities markets. “We provide the transparency to see where we routed the order,… Read More >>
Investors Still Like Sell-Side Salespeople
An interesting report on how investors still rely on sell-side advice and interactions even while swap trading is moving quickly to electronic platforms slipped past me, but it’s worthy of belated notice. The report (issued late last month) from Greenwich Associates, “Interest-Rate Derivatives Sales: Not What It Used To Be, But No Less Important,”… Read More >>
Brown Shipley Deploys SimCorp Client Reporting System
Brown Shipley, a private bank in the U.K., has gone from a manual client reporting system to a platform from vendor SimCorp in a bid for greater operational efficiency, officials say. Brown Shipley officials confirm via a press release that by deploying the SimCorp Coric Client Communications system they have “significantly reduced the manual effort… Read More >>
Alacra Says Buy Side Wants Research-on-Demand Service
Business information vendor Alacra says its new Alacra-on-Demand (AOD) research service has recently seen significant adoption by asset managers, hedge funds and private equity firms. AOD had a soft launched in February and provides “a team of experienced researchers on an ad-hoc, pay-as-you-go basis to conduct specialist research,” according to a company statement. Alacra officials… Read More >>
