10:10 AM
INVESTMENT-MANAGEMENT TECHNOLOGY
SolutionForge, a U.K.-based provider of STP solutions, has announced that International Financial Data Services (IFDS), the global provider of shareholder- and investor-servicing solutions, has selected its FIX.NET Server 2002 FIX engine to provide connectivity to the U.K. fund market's Electronic Message Exchange (EMX). SolutionForge's FIX.NET Server 2002 will enable IFDS clients (fund-management companies and distributors) to take orders and provide valuations through EMX on behalf of their own clients, a facility that has previously not been fully automated.
Global Investment Systems Ltd. (GIS), a supplier of accounting software for the securities industry, announced that it has appointed Barry McConville to managing director of GIS Europe. In his new executive position, McConville will oversee all staff, marketing and sales for GIS Europe as well as serve on the Board of Directors for GIS Europe.