Indata, provider of enterprise software and ASP solutions for investment-management firms, announced that The Renaissance Group is now live with the Indata I.M.S. for Windows system. The Renaissance Group was formed out of the merger of Bowling Portfolio Management and Renaissance Investment Management in June of 2001. Renaissance has been an Indata client since 1998, while Bowling Portfolio Management had utilized products from Advent software, including Axys and Moxy.
CheckFree Investment Services announced availability of Multiple Strategy Portfolio (MSP), a new trading and reporting tool. Offered through the CheckFree APL platform,MSP allows broker/dealers and investment managers to leverage a new consultant-wrap product gaining steam in the separately managed-accounts arena. Chicago-based money manager, The Burridge Group, is CheckFree's first client to adopt the new offering.
Financial Fusion, Inc., announced that Brut, LLC, an alternative-trading system that preserves the relationship between broker/dealers and institutional investors, has implemented the Financial Fusion Server with GlobalFIX in its production facilities. Brut has implemented, tested and deployed GlobalFIX for its operations in the U.S. and Europe to provide FIX connectivity to firms like Morgan Stanley, Merrill Lynch and Goldman Sachs.
B2B ITS and Sun Microsystems announced test results for FIX Antenna V12. The test results demonstrate that FIX Antenna V12, running on only entry level SUN hardware, provides high performance. The benchmark results show that FIX Antenna V12 processes and logs more than 5000 messages per second while maintaining up to 50 sessions and more than 4000 messages per second with 200 sessions, when running on a SunFire 280R with only 2 CPUs.