New York-based Gerber Capital Management, a proprietary arbitrage fund, recently selected a trading analytics solution from Powerllel. The technology will allow Gerber to accelerate the computing of performance-demanding applications. In addition, Powerllel enables an open architecture and development framework to extend parallel computing to Gerber's current portfolio, reporting and real-time risk-management systems as well as new analytics-based strategies.
Merrill Lynch's Consults Diversified Portfolios announced that three new managers are using a multiple-strategy portfolio functionality from CheckFree Investment Services' APL platform. CheckFree's APL-MSP, allows managers to fulfill the overlay management role, and adhere to risk aversion, asset allocation and diversity for each investing client. The solution, which was introduced last year, helps investment managers and broker/dealers to structure separately managed accounts, with varied investment strategies, into one portfolio.
Mellon European Fund Services recently chose a correspondence management system from U.K.-based Oceanus Group. Mellon, a third-party provider of investor services, will use the CMS solution to automate tracking, measurement and quantification of all customer interactions. In addition, Mellon will allow its customers to view data and monitor service using browser-based access.
Deutsche Bank AG in Europe, Asia-Pacific and Japan has been certified for FIX connectivity with Charles River Development, the software developer reports. FIX certification between the two firms ensures that any investment manager client using the Charles River Trading System can electronically trade through Deutsche Bank using the full-range of commonly-used FIX message types, including list messages, IOIs (indications of interest) and qualified/foreign investor IDs.