With reports from Thomson, Banque Generale de Luxembourg and Wilco, Activa Asset Management, and Décalog.
Thomson Financial ESG released a study that showed 33% of their Oasys and Oasys Global clients are ready for T+1. Thomson obtained the data from its ITM Benchmark product that allows Thomson clients to view the "STP" rate of each client--brokers and institutions--and compare that rate to their counterparties or to other Thomson clients, says Chris Walsh, director, global business development.
Banque Generale de Luxembourg has asked Wilco to build a trade order management system to distribute large orders to its many brokers. Terry Williams, Wilco's chairman and founder, says Wilco plans to take the system and market it to existing and new clients. The system uses a Sybase relational database running on a Unix platform with a Powerbuilder front-end. Williams added that the system can capture orders in three ways: through S.W.I.F.T., FIX or manually.
Michigan-based Activa Asset Management has signed BISYS Fund Services to provide outsourcing services for its Activa Mutual Fund family. BISYS will perform fund accounting, transfer agent and Web-related services for the Activa Funds which include actively managed portfolios with about $513 million in assets.
Décalog has named Thierry Aiglon president and Lisa Church vice president of North American operations. Aiglon, who joined decalog in 1997 as vice president of International Operations, will continue to manage decalog's European Operations while spending more time at decalog's Boston headquarters. In his new role, he will work closely with SunGard Investment Systems, which acquired decalog last year, to emphasize a straight-through processing solution. Church, who has been with the company since 1998, will expand her role to include the full responsibility of decalog's North American operations. Brian Owen, president and ceo for the past two and a half years, will scale back his role from CEO to consultant.