A brokerage and foreign exchange investment firm based in the United Arab Emirates (UAE), ADS Securities, is offering its clients new connectivity to New York financial markets because customers are more concerned with the ways “they can connect than they are with the places,” according a spokesman for the firm. The Abu Dhabi-based firm, regarded… Read More >>
How Hurricane Sandy Put BNY’s Business Continuity to the Test
(Editor’s note: Hurricane Sandy devastated the East Coast and the Northeast of the U.S., among other regions, three years ago. According to current tallies, 233 people in eight countries died as a result of the hurricane’s destructive path, which caused $75 billion in damage. For Wall Street firms, the hurricane was a test of their… Read More >>
Interactive Data’s CTO: Clouds Are On the Horizon for Ops
(Cloud computing is making its way into securities operations, particularly for middle- and back-office administrative functions. While it’s early days for cloud-based trading and post-trade functions, Scott Caudell, chief technology officer (CTO), infrastructure for Interactive Data Corp., a reference and market data services vendor, foresees a time when the industry could embrace aspects of cloud-based… Read More >>
SS&C Embraces Cloud-Based Reporting via Varden Purchase
Services and software vendor SS&C Technologies is clearly in a buying mood as it announced its third acquisition this year — Varden Technologies, a provider of client and advisor communication solutions for investment firms — in a bid for the leadership position in cloud-based enterprise reporting. Earlier this year, SS&C acquired Citigroup’s Alternative Investor Services… Read More >>
Q&A with Advent and SS&C: ‘It’s amazing how money talks’
Editor’s note: This is another in a series of stories about SS&C Technologies and its acquisition of Advent Software. In mid-June, the U.S. Department of Justice cleared SS&C Technologies Holdings’s pending $2.7 billion cash acquisition of Advent Software, which was announced in February. When asked if this action means that the acquisition was going to… Read More >>
PageFreezer Bundles Social Media Compliance for Small Firms
PageFreezer, a Vancouver, British Columbia-based software-as-a-service (Saas) provider of website and social media archiving solutions, has unveiled new website and social media compliance bundles intended for financial services firms with fewer than 100 employees. The bundles simplify Financial Industry Regulatory Authority (FINRA) and SEC compliance for financial services firms by automatically archiving websites, blogs and… Read More >>
Oppenheimer & Co. Picks VestmarkONE Platform
New York City-based Oppenheimer & Co. Inc., a subsidiary of Oppenheimer Holdings Inc., has chosen VestmarkONE, the unified wealth management technology platform from Wakefield, Mass.-based Vestmark, a software-as-a-service technology provider. VestmarkONE helps clients “consolidate, manage, and trade all of its advisory programs, as well as those offered through its affiliate, Oppenheimer Asset Management Inc.,” the… Read More >>
Albion Financial Group Embraces Cloud-Based Reporting
SS&C Technologies, a Windsor, Connecticut-based provider of financial software and software-enabled services, reports that Salt Lake City-based Albion Financial Group, a registered investment advisor with $900 million in assets under management, has selected its cloud-based client reporting solution. The SS&C solution, known as the Investment Management Intelligence Cloud, “aggregates data [from front, middle and back-office… Read More >>
Finpacific Joins Misys Partner Program
Finpacific Treasury Systems, an Australian treasury, risk and cash flow management vendor, has partnered with financial software vendor Misys and joined Misys’ InFusion Partner Program, officials say. Finpacific has more than 10 years of experience working with banks in the Asia Pacific region and has “deep expertise in application development and deployment, managed services, training… Read More >>
Torstone Module Targets International Trade Flow
Torstone Technology released in time for the Sifma Ops 2015 conference “a lightweight instance” of its flagship post-trade securities and derivatives processing system, Inferno, that can be used as a complementary add-on for managing international transactions, says Jonny Speers, global head for sales and business development for the back-office systems vendor. The Inferno system supports… Read More >>
