Hedge fund Cornerstone FTM has gone live with “a cutting-edge” investment platform that leverages the portfolio support, custody, and fund administration services of Northern Trust and the infrastructure and data management offerings of Equity Data Science (EDS), a business partner of Northern Trust. The collaboration between Northern Trust and EDS, which provides the real-time quantitative… Read More >>
CMA Rethinking Veto of the FNZ-GBST Merger
The unraveling of the GBST-FNZ merger has been put on hold as FNZ is getting a second hearing before the U.K. regulator that ordered FNZ to divest itself of the back-office technology provider, which it purchased in 2019. Toward the end of last year, FNZ challenged the order of the U.K. Competition and Markets Authority (CMA) by… 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 >>
BlackRock to Broaden Aladdin via eFront Acquisition
The world’s largest asset manager BlackRock is acquiring alternative investment management software provider eFront with the intention of combining its offerings with the Aladdin software system, broadening the reach of BlackRock’s investment platform to include capabilities for private equity and other alternative investment funds. If all goes according to plan, BlackRock will acquire via a… Read More >>
IPC Extranet Links to Crypto-Trading Gateway
IPC Systems, a voice-trading, electronic communication and networking solutions vendor, is launching a partnership that facilitates extranet access to a platform from newcomer Omniex that supports the trading of digital assets via cryptocurrency exchanges and over-the-counter (OTC) venues. With this move, IPC is targeting buy- and sell-side firms that want to start trading digital assets,… Read More >>
