Caplin Systems, creator of the Real Time Text Protocol (RTTP), announced that UBS Warburg, a global financial-services firm, has selected RTTP to deliver real-time data over the Web to its employees and buy-side trading partners. RTTP delivers market data at levels of performance demanded by professionals. Users can integrate the data into their current systems as it streams through unmodified firewalls directly into a standard browser. Caplin's technology eliminates the need for expensive third-party distribution systems and achieves better control over communicating market data to end users.
Global Investment Systems (GIS), an investment-industry software company, announced that it has created FundShare, a customized and exclusive version of its MSHARE system for Nations Funds. FundShare will be used for the private-label distribution of the Nations Funds family money-market funds. MSHARE is GIS' transfer agency and shareholder record-keeping system for both retail and institutional funds. As an omnibus sub-accounting transfer agency system, FundShare will be distributed to, and used solely by banking institutions that distribute Nations Funds. As with users of MSHARE, GIS will provide all support and maintenance required by Nations Funds.
Financial Models Company Inc., a provider of technology solutions and services to the investment world, announced that it had won the "Best Use of Technology" award at the 7th Annual Canadian Mutual Fund Awards. The award was presented for effective, innovative use of technology in an industry-relevant application.Sponsored by Morningstar Canada, the award was presented on Wednesday, Dec. 5 at the Mutual Fund Awards Gala to Stamos D. Katotakis, president and CEO, FMC at the Royal York Hotel in Toronto, Ontario. The award for "Best Use of Technology" is a Special Jury Award and was determined by the vote of a jury with expertise in the award area.