AMVESCAP Expands Pact with MacGregor
AMVESCAP has decided to deploy MacGregors Merrin Financial Trading Platform in support of more than 300 equity traders and portfolio managers worldwide.
Invista Capital Looks to Thomson
Des Moines, Iowa-based Invista Capital Management, a subsidiary of Principal Capital Management, is installing Thomson Financial Software Solution's Portia as its portfolio accounting system, and is planning to integrate it with Thomson's trade order management system, OpenTrader, which the firm has used since 1995.
Order Management Vendors Building 'Intelligent' Links to ATSes
With the buy side taking advantage of new, alternative pools of liquidity such as ECNs and crossing networks, order management system (OMS) vendors such as Decalog and the MacGregor Group are moving to create "intelligent" links to these alternative trading systems.
NEON Mulls New GSTPA Connectivity Biz
New Era Of Networks is considering entering a new business--creating a service bureau to support connectivity to the Global Straight-Through Processing Association's transaction flow manager (TFM).
Survey Finds Buy-Side Automation on the Rise
Preliminary results of a survey researching the extent of trading system automation in the fixed income and equity arena reveal that a vast majority of respondents are currently or are interested in transmitting trades electronically to brokers.
Firms prep for T+1, using middleware to get them there
Middleware-the technology that sits between hardware and software, holding the promise of total communication in its grasp-has been irreverently called technology's glue. This is apropos for the financial industry, where middleware got its start filling the numerous gaps in the transmitting and processing of trades.
Presenting at SIBOS ... STP and More STP!
Straight-through processing and the move to a T+1 settlement cycle are buzz words that you'd better get used to hearing if you plan on attending the annual SIBOS convention in Munich. Exhibitors and delegates at the S.W.I.F.T-sponsored SIBOS convention, taking place September 13 -17, will be highlighting and investigating the latest in straight-through processing. Wall Street & Technology takes an inside look at what exhibitors are going to be showing at SIBOS as the march to STP continues.
Collaborating IT professionals at J.P. Morgan & Co. and PricewaterhouseCoopers (PWC) have spent the last half year hunkered down in their New York headquarters creating what they call FpML-Financial Products Markup Language-an XML (eXtensible Markup Language)-based protocol that allows for information sharing and electronic dealing of derivatives and foreign exchange products.