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INVESTMENT MANAGEMENT TECHNOLOGY BRIEFS
SEI Investments Company and Vertical Management Systems to develop and market an Internet-based, fully automated, straight-through solution linking mutual fund automation tools with investment processing operations; Vanguard Group's DiStefano dead at 52; Selkirk Financial Technologies reports revenue growth of 34 percent for its fiscal year ending May 31, 2001; Financial Fusion says Thomson Financial's Sales and Trading Group selects Financial Fusion Server with GlobalFIX.
INVESTMENT TECHNOLOGY BRIEFS
SecuritiesHub LLC announces addition of Credit Suisse First Boston to its online community of financial institutions; Advent Software, Inc., says revenue for the second quarter ending June 30, 2001 increased to $41.9 million from $32.7 million in the same quarter last year; Mobius Management Systems, Inc., announces that KeyCorp has licensed Mobius ViewDirect.
Desperate for an Infusion of Cash, TradingLinx Teeters on the Brink
Without new resources, sources say, it is unclear whether the company will be able to stay in business long enough to see any revenue from its burgeoning efforts.
BUY-SIDE BRIEFS
Financial Fusion announces competitive upgrade program for current FIX engine users; Credit Suisse signs multi-million-dollar agreement with Reuters.
Going Global
Feeling the itch to go global or suffering the pains of having tried? Time zones, language barriers and system functionality are just a few of the roadbumps that block your push abroad. What every IT executive needs to know when the CEO says its time to leave the familiar comforts of the United States.
Will the Buy Side Offload their Back Offices to Custodians?
Buy-side firms pressured to change or buy new systems to create a STP environment enabling them to transition to T+1 in 2004.
CSC Helps Schroders Get Back to Business
Schroders decides it's time to let someone else worry about infrastructure.
Cutter Picks FMC Man to Head European Operations
Buy-side tech-consulting firm Cutter Associates has appointed Jamie Durack to head its European Operations, hoping his experience in the vendor world will help set the firm apart.
INVESTMENT TECH BRIEFS
CheckFree Investment Services announces the departure of Senior Vice President, James (Jamie) Waller; KLM Pensioenfondsenkantoor B.V. licenses Princeton Financial Systems' PAM for Mutual Funds investment management and accounting system; Charles River Development announces the appointment of Rick Paoletti as the new Vice President of Professional Services.
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