PFPC Inc., a member of The PNC Financial Services Group, Inc. and the nation's largest full-service mutual-fund transfer agent, announced that AssetDirections, its managed-account platform, now offers managed-account sponsors a private-label solution for servicing an enhanced list of products, including separate accounts, multi-discipline accounts, variable annuities and mutual-fund wrap programs. The new platform also offers servicing capabilities for fee-based brokerage accounts.
SolutionForge, a U.K.-based provider of STP solutions, announced that Monument Securities has selected its FIX.NET Server 2002 FIX engine to add FIX connectivity to its current OMS. FIX.NET Server 2002 is SolutionForge's Microsoft-based FIX-messaging solution and will provide transaction-data flow between Monument Securities' equity-dealing desks and other third-party institutions and exchanges. Monument Securities' selection of FIX.NET Server 2002 is part of a program to upgrade its present manual processes for equity dealing, to reduce the need for data re-entry.
Harborside+ announced that traders are gaining access to new sources of liquidity, by leveraging interfaces between its large block-trading service and their respective order-management systems. A confidential service for attracting and matching large block-equity indications (IOIs), Harborside+ opens up a pool of liquidity by including traders from the buy and sell sides. Harborside+ and Macgregor jointly developed an application (Harborside Indication Manager) that seamlessly allows Harborside+ to receive IOIs from a traders' OMS.
Yodlee, a provider of aggregation solutions, and NIWS, a Japanese solutions provider that specializes in enterprise systems for large financial institutions, announced an agreement to make available Yodlee's OnCenter account-aggregation solution to Japan's financial institutions and portals. The OnCenter service, which allows institutions to serve, retain and grow their customer relationships, is available through NIWS.