Buy side

274 articles tagged with this keyword

/Buy side

BBH and Omgeo partner for post-trade service

Omgeo and US private bank Brown Brothers Harriman (BBH) have collaborated to link their post-trade communications platforms through a single interface.

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Lehman Brothers live with Yolus reporting tool

US investment bank Lehman Brothers has implemented Y-Mac, a multi-asset client reporting application developed by UK vendor Yolus, at its prime structured derivatives business in London.

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US broker-dealers keen to invest more in technology - survey

If they had an extra $100,000 to invest in their businesses, most US broker-dealers would spend it on technology, according to a poll conducted by outsourced asset management and processing provider SEI.

/Buy side

Advent International acquires majority stake in Sophis

Private equity outfit Advent International has acquired a a majority stake in Paris-based portfolio and risk management technology vendor Sophis through a leveraged buyout (LBO).

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SunGard acquires GTI Consultants

SunGard has acquired GTI Consultants (GTI), a specialist consultancy firm providing IT services to French financial institutions.

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GL Trade buys market data outfit Infotec

French dealing systems vendor GL Trade has acquired Swiss market data technology vendor Infotec, for an undisclosed sum.

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GlobeOp suspends shares after receiving $465 million lawsuit

Hedge fund administration firm GlobeOp Financial Services has suspended conditional trading in its shares after being hit with a $415 million damages claim by a former client.

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Reuters releases risk technology package for hedge funds

UK news and financial data company Reuters is launching JRisk On Demand, a tailored hosted risk management package designed specifically for the hedge fund industry.

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London Stock Exchange steps up a gear with £40 million TradElect switch

The London Stock Exchange will today flip the switch on TradElect, a new £40 million trading system that is designed to raise capacity fivefold and position the market for higher volume automated dealing.

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SS&C Technologies to raise $200m in IPO

Connecticut-based fintech vendor SS&C Technologies has filed for a $200 million initial public offering (IPO) with the US Securities and Exchange Commission (SEC).

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Goldman Sachs brings multi-broker algo access to Europe

Goldman Sachs has extended the functionality of its REDIPlus multi-broker execution management system (EMS) in Europe. Users in the region can now route orders to other brokers' algorithms – a feature that the investment bank launched in the US late last year.

/Buy side

Broker research evaluation service launched by TheMarkets.com, Wall Street firms

A full-service broker research evaluation programme called MeritMark is being launched by bank-backed capital markets portal TheMarkets.com in partnership with 12 Wall Street firms.

/Buy side

MTS gives guarded welcome to hedge funds

Pan-European government bond trading network MTS is set to give hedge funds the green light to trade on its electronic markets.

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Swapstream to launch dealer-to-client platform

Swapstream, the e-trading platform for interest rate swaps, is launching a new dealer-to-client swaps trading platform aimed at professional traders and hedge funds.

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Buy-side boosts FX trading volumes

Foreign exchange trading volume on electronic platforms doubled to $35 trillion in 2006, according to research released by Greenwich Associates which found that for the first time buy-side investors executed more than half of total global FX volume on automated systems.

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UK watchdog to step up monitoring of commodities

The UK's Financial Services Authority is to step up its oversight of the commodities market in the wake of a substantial bull run which it claims has raised risk levels for all market participants.

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OMX to host Bids ATS

Swedish technology group and exchange operator OMX has won a deal to provide hosting services for the Block Interest Discovery Service (Bids), the alternative platform for equity block stock trading that is being established by a consortium of Wall Street banks.

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Lehman buys 20% stake in hedge fund DE Shaw

US investment bank Lehman Brothers has acquired a 20% interest in hedge fund manager DE Shaw Group for an undisclosed sum.

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IT teams still waiting for green light on MiFID projects

UK regulators say they will take a pragmatic approach to any minor non-compliance from member firms when the EU's Markets in Financial Instruments Directive (MiFID) formally comes into effect in November.

/Buy side

Abbey to use DTCC corporate actions resource

Abbey Financial Markets is to use the DTCC’s Global Corporate Action Validation Service (GCA VS) for corporate actions data management.