(Global banks and other sell-side firms face “a technological fork in the road” when it comes to order management systems (OMSes), according to a recent report, “The Future State of Global OMS,” from market research firm Datos Insights. “Sell-side firms … will need to reevaluate the value proposition of their existing OMS architecture and determine… Read More >>
Broadridge Links NYFIX to Coinbase Prime & Other News
Broadridge & Coinbase Target Buy-Side Firms Broadridge Financial Solutions is partnering with crypto exchange Coinbase to provide an integrated solution that enables NYFIX clients to route order flow to Coinbase Prime via the FIX protocol for electronic trading, officials say. The partnership will also allow “buy-side traders to source crypto liquidity from Coinbase and trade… Read More >>
BlackRock’s Aladdin Links to Portware’s EMS & Other News
FactSet & BlackRock Forge Partnership Asset management giant BlackRock will be integrating its Aladdin investment management and operations platform with FactSet’s Portware execution management system (EMS) to offer common clients access to trade execution, multi-asset portfolio and risk management support, and Portware’s electronic trading and automation capabilities via an application programming interface (API), officials say…. Read More >>
Neovest Charged with Acting as an Unregistered Broker
JPMorgan Chase & Co. (JPMC) will be paying a $2.75 million penalty to settle SEC allegations that its Neovest subsidiary was acting as an unregistered broker-dealer for more than a decade in addition to its role as an order and execution management system (OEMS) vendor. This case marks the first time that the SEC has penalized… Read More >>
Eze Software Bolsters its OMS via Partnership with WTT
Investment technology provider Eze Software is expanding its existing foreign exchange (FX) features via a new partnership with Wise Trading Technologies (WTT), whose real-time, currency risk mitigation toolkit will become available to end-users of Eze’s order management system (OMS). The integration of key features from the two vendor is intended to help financial services firms… Read More >>
Linedata, DTCC, Smartkarma & TFS Target MiFID II Burdens
(Editor’s note: With the MiFID II deadline about 100 days away, FTF News will be running an ongoing roundup of IT and operations news related to the market reform legislation.) Linedata & the DTCC Extend a 10-Year-Old Relationship With the MiFID II deadline looming, Linedata, a vendor of investment management solutions, has extended a decade-old… Read More >>
Pzena Investment Tackles Data Integration Woes
Pzena Investment Management, a self-described value-oriented investment management firm, is upgrading its systems from vendor INDATA whose new data aggregation support will boost Pzena’s reporting capabilities across platforms, officials say. The key business requirement was to find a way to integrate external and internal data, including large quantities of data. “Among the business challenges was… Read More >>
State Street, Bloomberg Join Forces for Fixed Income ETFs
Custodian and asset manager State Street Corp. and market data and news provider Bloomberg have joined forces for a Bloomberg terminal enhancement that improves workflow and settlement for fixed income exchange traded funds (ETFs). The combined effort has led to an integration between Bloomberg’s Fixed Income ETF Basket service (BSKT<GO>) and State Street’s TotalETF automated… Read More >>
Liquid Holdings Updates Key Products
Cloud-based investment management solutions vendor Liquid Holdings has rolled out new several new features, such as portfolio analytics reports and redesigned dashboards, for its LiquidMobile and LiquidTrade products, officials say. LiquidTrade is the vendor’s broker-neutral order and execution management system, while LiquidMobile is a web-based portfolio and risk analytics application, officials say. The new features… Read More >>
Capricorn Capital Group Deploys Athena IMS
Alternative asset manager Capricorn Capital Group has gone live with financial technology provider Cymba Technologies’ Athena Investment Management Solution (IMS), according to a Cymba statement. Capricorn invested in the IMS, which supports the order management, pre- and post-trade compliance, trading, operations and execution functions, in order to launch a new fund compatible with the Undertakings… Read More >>
