Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

BlackRock plans global trading network

Asset manager BlackRock plans to develop its own global trading platform in a bid to save clients money on trading fees currently paid to Wall Street banks.

14 September 2009

News/Buy side

Hedge funds top payers for data management staff - survey

Average salaries rest comfortably in the six figures for data management and financial information professionals in North America and Europe, with those working for hedge funds best paid, according to a survey for the Financial Information Services Division (FISD) of the SIIA.

31 July 2009

News/Buy side

Swift switches on central matching for brokers and hedge funds

Banking co-operative Swift has adapted its Accord matching system to handle the pre-settlement processing of securities trade flows between prime and executing brokers and hedge funds.

11 June 2009

News/Buy side

UBS launches real-time cost analysis for European clients

Swiss bank UBS has launched a real-time transaction cost analysis tool enabling European clients to monitor how their trades are doing while there is still time to affect the order's outcome.

05 March 2009

News/Buy side

Swiss Exchange starts migration to new trading platform

SIX Swiss Exchange has gone live with its new SWXess modular trading platform, starting a migration period that gives member banks until April 9 to move off the old SWX platform. Swiss Bank BEKB | BCBE has become the first bank to connect to the FIX-based standard interface module, using the GLOX7 trading connectivity solution from GlobalXTrade.

18 February 2009

News/Buy side

System rationalisation to hit OMS and EMS spending - Tabb

Spending on order and execution management systems is expected to slide significantly over the coming year as buy-side firms worldwide looks to consolidate system and rationalise their use of trading technology during the downturn, according to research from analyst house Tabb.

13 January 2009

News/Buy side

Finexpo to highlight new trends in risk and transaction management

The Finexpo - Risk & Transaction Management conference and exhibition has opened for registration. The event, on Thursday 5 February at The Brewery in London, will focus on the latest developments in risk management approaches, regulatory frameworks, data and transaction management solutions and clearing and settlement infrastructures.

28 November 2008

News/Buy side

Asset managers call for consolidated tape as MiFID rule changes hit data quality

The UK Investment Management Association (IMA) says the quality of information relating to best execution in UK equities has deteriorated since the introduction of the Markets in Financial Instruments Directive (MiFID) last year.

25 November 2008

News/Buy side

Australia's GBST to acquire Coexis

Australian financial software house GBST is to acquire London-based securities tech firm Coexis. Financial terms of the deal were not disclosed.

05 November 2008

News/Buy side

Tradeweb enters inter-dealer broker business

Automated fixed income network Tradeweb is to become a full-service inter-dealer broker after acquiring US voice brokerage Hilliard Farber. Terms of the deal were not disclosed.

03 November 2008

News/Buy side

StatPro raises £2m in share placing; accelerates cost-cutting programme

AIM-listed StatPro Group, a supplier of analytical services to the asset management community, has raised £2 million in a share placing to boost its working capital and says it will accelerate its restructuring programme in a bid to reign in costs.

14 October 2008

News/Buy side

ING selects Microsoft for settlement connectivity via Swift

Microsoft has been contracted by Holland's ING Investment Management to provide its BizTalk Server as the financial messaging platform for Swift connectivity to its settlement partner Bank of New York Mellon.

15 September 2008

News/Buy side

Fidessa rises on positive first half

London-based Fidessa has posted rising revenue and pre tax profit for the first six months of the year and says it expects the growth to continue in the second half, despite the turbulent conditions in the financial markets.

04 August 2008

News/Buy side

Buy-side OMS spending to soar - TowerGroup

Global buy-side spending on order management systems (OMS) is set to rise from $450 million in 2008 to $699 million in 2012 - a compound annual growth rate (CAGR) of 12% - according to research from TowerGroup.

09 July 2008

News/Buy side

Bravura earnings downgrade threatens takeover

A second earnings downgrade in two weeks from Australian wealth management software vendor Bravura Solutions could derail a planned takeover by private equity firm Ironbridge Capital.

03 July 2008

News/Buy side

Private equity firm Fusion AI buys Tiger Consultants

Fusion Alternative Investment Partners (Fusion AI), a private investment firm specialising in technology and services, has acquired UK-based Tiger Consultants, a specialist consulting practice dedicated to the investment management industry.

17 April 2008

News/Buy side

Citisoft appoints Christopher Russo MD

Specialist investment management consulting firm Citisoft has appointed Omgeo executive Christopher Russo as a managing director.

08 January 2008

News/Buy side

Vhayu's Chadha joins hedge fund technology outfit Nirvana Financial

Tejpal Chadha, co-founder of Californian market data technology vendor Vhayu, has joined Nirvana Financial - a San Francisco-based hedge fund technology start up - as chief technology officer (CTO) and managing partner.

12 November 2007

News/Buy side

Buy-side spending on research technology to hit $1.1bn by 2010

Global buy-side spending on research technology is set to rise from $586m in 2007 to $1.1bn by 2010 - a compound annual growth rate (CAGR) of 22% - according to the latest TowerGroup research.

18 October 2007

News/Buy side

Omgeo offers MiFID reporting service

Post-trade processing house Omgeo has updated its transaction reporting service to comply with new EU trading regulations under the Markets in Financial Instruments Directive and has been certified by the Financial Services Authority as an Approved Reporting Mechanism.

09 October 2007