Most Read
- The Almost-Meteoric Rise of SaaS on Wall Street
- 15 Percent of FX Trades Could be Completed With Algorithms by 2010
- Nasdaq OMX Europe Strikes Order Routing Deal with Citi
- 5 Steps for Stopping the Insider Threat
- TowerGroup Warns That Without Innovation, Fee Revenue Processing Costs Will Skyrocket
- IT Executives See Greening of Data Center as Mission-Critical, But Lack "Green" To Go Green
- Investors Allocated only $16.4 Billion to Hedge Funds in Q1 2008
- Thomson Reuters Links Portfolio Management and Reference Data Systems
June 21, 2007
MFS Builds Automated Reports Based on Actuate Tools
MFS Investment Management, a Boston-based asset management firm, and Actuate, a business intelligence software vendor, announced today at the SIFMA show that MFS has been using Actuate’s Enterprise Reporting Application Platform to build automated reports in three areas of the firm and will continue to create more.
In one application, MFS used the Actuate platform to efficiently disseminate analysts’ ideas to investment bankers and traders. More than 200 portfolio managers and research analysts use Actuate to receive information on fund holdings, trade commissions and internal financial research, including graphs, risk statistics, client reports and analyses. Users receive a report similar to a PDF document with embedded links, or they can access the information through a portal.
The trading systems group uses Actuate reports to find any discrepancies in trade records and to make sure that all their systems are in agreement. And the service center uses Actuate to look at and analyze incoming individual client account activity for mutual funds.
“We have the ability to do things we’ve never been able to do before,” says Joe Piotrowski, vice president and development manager at MFS. “It doesn’t take any perceptible time to build extensions on Actuate to generate new reports.” This has led to cost reductions in support services, he says.
Posted by Penny Crosman at 03:23 PM
This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.
Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service.
Important Note: This comment area is NOT intended for commercial messages or solicitations of business.
Greg MacSweeny Columns
Greg MacSweeney15 Percent of FX Trades Could be Completed With Algorithms by 2010
Market participants are rapidly adopting electronic trading strategies in FX market, says ...
Measurisk Joins JPMorgan’s Alternative Investment Services
Thomson Reuters Links Portfolio Management and Reference Data Systems
Larry Tabb Columns
Larry TabbNow Is the Time for Firms to Position Themselves for the End of the Economic Downturn
Downturns happen -- the industry will survive. But firms need to adjust to changing market...
Clearing and Settlement Top-of-Mind for Front-Office Execs
Risk Management IT Comes to the Forefront in the Wake of Subprime Credit Crisis
In a Tumultuous Economy, Wall Street Must -- and Will -- Find a New Model
CHECK THIS OUTNovell Real Time Linux Webcast SeriesIn order to succeed, companies must be able to respond quickly, deliver superior value and quality of service, and carefully manage their costs. In this series of brief webcasts, you will learn how SUSE Linux Enterprise Real Time from Novell enables organizations to respond quicker by delivering low latencies, deliver increased value with fast response times, and better manage costs. |
EventsLive Events:Navigating the New World of Risk on the Street October 07, 2008  Bank Systems & Technology's 3rd Annual Executive Summit October 19-22, 2008 Avoiding the Mobile Blind Spot: Enhanced Security for the Wireless Workplace October 28, 2008 Buy-Side Trading Summit 2008 November 16-18, 2008 Accelerating Wall Street 2009 March 18, 2009 Web Events: CEP Beyond the Trading Desk September 17, 2008 Where the Millionaires Are, What They Want, and the Technology Needed To Serve Them September 25, 2008 |
|
Marketplace |
Career CenterReady to take that job and shove it?
|
Most Recent Job Posts:
* Cirrus Logic seeking Digital IC Design Engr in Austin, TX
* Hebrew SeniorLife seeking Senior Network Analyst in Boston, MA * Agilent seeking NPI Project Manager in Shanghai, CN * UC Berkeley seeking Helpdesk Team Lead in Berkeley, CA * Rohm and Haas seeking Product Portfolio Manager in Philadelphia, PA For more tech jobs in the industry, visit Wall Street & Technology's Career Portal. |
