OpHedge Selects GoldenSource to Power Enterprise Data Management
OpHedge Investment Services, LLC, a fund operations/administration service provider has licensed GoldenSource Securities & Products together with GoldenSource Positions. These solutions provide OpHedge a data management foundation to consolidate its company-wide data systems and the ability to establish a reference data standard across the enterprise.
OpHedge offers middle and back office solutions to the alternative investment management industry. The company, experiencing substantional growth, recognized the need for a high-volume scalable EDM platform. OpHedge expects the GoldenSource environment to accommodate its strategic data management services to existing and future clients. "OpHedge recognizes the importance of advanced data functionality for the leaders in our market niche, and we take pride in implementing business processes before they become industry standards," commented Jeff Li, CTO of OpHedge, in a release. "GoldenSource solutions allow us to improve the quality, management and reporting of our data, and, in short, enable us to achieve the same level of functionality as global financial institutions. Our clients demand this type of investment in our capabilities, and our relationship with GoldenSource promotes our ability to meet our clients' future needs today."
Kanbay Adds Location in Dublin
Kanbay International, a global IT services firm focused on providing solutions to the financial services industry, opened a new office in Dublin, Ireland. Kanbay's Dublin office will support sales and customer services throughout Ireland, with a special focus on expanding the capabilities of Kanbay's Global Securities and Investments Practice.
"By adding an office in Dublin, we can better service European financial institutions, a demographic in which we are seeing increasing demand to use a global services delivery model for their IT services needs," said Nick Bennett, managing director, Kanbay Europe, in a release. "Moreover, we offer specific expertise on fund administration and custody services for hedge fund managers, which is a growing need in Ireland."
Kanbay's Dublin office provides expertise on IT services for securities and investment firms, which include fund administration and custody services. Kanbay enables hedge fund managers and their administrators to grow and accelerate their business by enhancing their technology platforms and strategies.
UBS Sponsors TopCoder Open
UBS has signed on as a Premier sponsor of the 2006 TopCoder Open (TCO06). This marks the first time a financial sector organization has sponsored a TopCoder Inc. flagship event.
The TCO06 will bring thousands of the world's finest programmers together in competition over the course of 10 weeks for international ranking, notoriety and a share of the $150,000 prize purse for Algorithm, Component Design and Development categories. TopCoder will fly in 64 finalists to Las Vegas to compete in face-to-face competition to determine the victor in all competitions.
As a major financial institution, UBS will use the competition as a means of discovering young talent for its business. The TopCoder Open offers a unique method of evaluating programming talent for UBS's electronic trading systems.
"UBS executes one in nine shares globally and trades in nearly every securities product around the world," said Will Sterling, U.S. Head of Direct Execution for UBS, in a release. "And our technology platform is the core of that global business. We need the best programmers to continue to improve our high speed order routing platforms, create innovative new automated trading algorithms, and empower our traders and clients with the best trading and risk management tools in the industry. We are excited about sponsoring the TopCoder Open and look forward to working with TopCoder to introduce developers to the unique challenges and opportunities at UBS."
TopCoder's annual flagship events, the TopCoder Open and TopCoder Collegiate Challenge, allow partner companies to brand, recruit and interface with the leading programmer community in the world. TopCoder's global programming tournaments involve thousands of developers using the latest technologies, and offer a form of skills evaluation previously unavailable to the programming world - real-time programming contests that are judged immediately and objectively.
Koscom Selects BT to Deliver Market Data
Koscom Corporation, the distributor of the Korea Exchange's (KRX) market data, has signed an agreement with BT South Korea to disseminate KRX's market data. BT will utilize BT Radianz's shared market infrastructure to support the distribution of the Exchange's real-time data, making it available to more than 10,000 financial services sites worldwide.
Through the agreement, Koscom will make the KRX market data available on a shared network for the first time, which will simplify access to this data for the global financial community. Koscom will also use BT Radianz's to identify information distribution opportunities and increase the ease with which institutions can access the information.
"Through BT's global financial services vertical, it will be easier for customers to receive real-time Korea market information in a cost-effective manner. This will ultimately result in effortless investment activities within the Korea finance market and an increase of point-to-point international investors. Previously, the costs and complexity faced by international counter parties to reach Korea and establish connectivity had been considerable," said Shin, Heon Chan, Deputy CEO of Koscom Corporation, in a release.