Bonaire Software Solutions announced a strategic alliance with Javelin Technologies, a wholly owned subsidiary of NYFIX, as part of an effort to further advance the utility of Javelin's products and services. Javelin Technologies is a provider of electronic-trading technology, providing infrastructure solutions forglobal-trading capabilities.
A subsidiary of the largest independent merchant bank listed on the London Stock Exchange, Close Brothers (Cayman) Limited, selected Global Investment Systems (GIS), a software company, and its product, MFACT, an automated accounting and administration system, for its mutual-fund accounting and administration services, GIS announced.
Macgregor, a provider of buy-side trade-order management systems and FIX-network services, announced that a series of recent events positions the company to maintain the growth rate seen in 2001. Macgregor achieved greater than 50 percent revenue growth in 2001 over 2000, and ended the year with the opening of a new office in San Francisco to support sales in that region.
TD Waterhouse Institutional Services and Advent Software, Inc. announced they have formed an alliance whereby Advent will provide TD Waterhouse with software and application tools to arm its 2,000 independent investment-advisor clients with a portfolio-management solution. This move gives advisors, managing client portfolios through TD Waterhouse, more software solutions to choose from, allowing them to maintain their independence.
Investment Technology Group, Inc., a provider of technology-based equity-trading services, announced that for the first quarter ended March 31, 2002, revenues increased 7 percent over first quarter 2001 to $97.7 million, net income was $22.2 million and diluted earnings per share were $0.45.
Iris Financial Systems, a provider of component-based financial-software solutions, is launching eqTrader, a component-based equity-portfolio-management and trading system. eqTrader is designed for quantitatively-oriented equity-portfolio managers and hedge funds that need a flexible, integrated, complete front-to-middle-office solution with real-time reporting capabilities.