Investment manager Aperio Group will be using trading systems and support from vendor Linedata to stay ahead of a growing flow of business, especially in separately managed accounts (SMAs). Aperio, which describes itself a $16 billion research-based investment manager, has signed on with Linedata to replace an incumbent, internally developed platform, vendor officials say. Considered… Read More >>
Cloud Computing Gets a Second Chance
Cloud computing is hitting paydirt among buy- and sell-side firms in capital markets as firms face increasing cost pressures, compelling them to rethink the unthinkable. The cloud has been rapidly gaining ground over the last year to 18 months, according to research and advisory firm Celent, a division of Oliver Wyman, in its new report,… Read More >>
OpenGamma Gets $13.3M to Push Risk Analytics Standards
A vendor offering open source risk analytics for derivatives, OpenGamma reports that it has raised $13.3 million in total from venture capital firm Accel, ICAP’s Euclid Opportunities investment arm, and Cristóbal Conde, the former president and CEO of SunGard, all in a bid to accelerate plans to become the maker of benchmark industry-standard risk analytics…. Read More >>
Rabobank, D&H Complete Blockchain Proof-of-Concept Project
The Project’s Success Bodes Well for Other DLT Applications DH Corp., a provider of technology solutions to financial institutions globally, and Dutch bank Rabobank announced that they have successfully completed a proof of concept for blockchain/distributed ledger technology (DLT) that supports D+H’s payments services hub, and paves the way for other applications of DLT…. Read More >>
Boston Trust to Use SS&C’s Outsourcing Services
Outsourcing to Help Boston Trust Stay Competitive Boston Trust & Investment Management Co. (Boston Trust) will be using SS&C Advent Outsourcing Services for software integration, hosting and data management in an effort to bolster its competitiveness and to improve customer service. The implementation will offer SS&C’s suite of portfolio management products in a software-as-a-service… Read More >>
Agency-Broker Launches Portal for Order Inspection
Dash Financial Debuts a Transparency Portal An agency broker-dealer, Dash Financial has launched DROP360, a real-time, drop-copy facility that provides transparency into “order routing behavior, execution behavior, costs and performance” for options and equities, and relays the information in a machine readable format that uses the FIX electronic trading protocol. Essentially, the DROP360 service is… Read More >>
Robotics Comes to Due Diligence Reporting
Opus Signs Distribution Deal with OutsideIQ Opus, a regulatory software as a service (SaaS) vendor, announced that its Alacra, know your customer (KYC), reference data management and onboarding platform, will have access to automated due diligence reports for compliance via a distribution partnership with OutsideIQ, an artificial intelligence software provider. The agreement will make OutsideIQ’s… Read More >>
SmartStream’s New Offering Targets High-Risk Manual Recs
SmartStream Technologies is taking on manual reconciliation at small-to-medium-sized firms with a new solution, TLM SmartRecs OnDemand, intended to help them avoid the pitfalls of reconciliation based only on spreadsheets, officials say. “Manual reconciliation of spreadsheets necessitates a number of high-risk steps,” says Robin Hasson, product manager for SmartStream, in response to questions from FTF… 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 >>
BGC Partners Sells Trayport to ICE
Intercontinental Exchange (ICE), the exchanges and clearinghouses network that includes the New York Stock Exchange, reports entering into a definitive agreement to acquire London-based vendor Trayport for $650 million in ICE common stock, representing approximately 2.5 million shares. Trayport, which licenses its technology platform to brokers for electronic and hybrid trade execution, primarily in the European over-the-counter… Read More >>
