American Century Investments has chosen Tumbleweed Communications' Integrated Messaging Exchange (IME) as its platform for secure online communications. IME is a platform and set of applications for creating secure communications channels between a business and its customers, partners and suppliers. American Century believes that IME will allow the firm to build stronger customer relationships online in a secure and confidential fashion. Initially, the firm will use IME to distribute prospectuses online, as well as send customer service messages, account statements, trade confirmations, tax information, shareholder notices, annual reports and marketing messages to financial advisors and shareholders. The firm will also use the platform for internal communications.
The Western and Southern Life Insurance Co. and its registered investment advisor, Fort Washington Investment Advisors, have licensed Princeton Financial's PAM system for portfolio accounting and management. Both companies, based in Cincinnati, have a total of approximately $25 billion in assets under management. In addition to the core PAM functionality, they will use several of Princeton's complementary products, including the Bloomberg Portfolio Trading System for placing, settling and accounting for major trading transactions; the Custodian Trade Notification system for transmitting trade advice and settlement instructions directly to their custodian banks; the DTC TradeMatch Interface; and the Interface Module for automatically exporting PAM data to third-party systems. Previously, Western-Southern used an internally developed mainframe application.
The Institute for International Research (IIR) is holding its Fixed Income Trading Technology Forum at the Loews New York Hotel in New York City on May 22 and 23. The conference will cover such topics as understanding how the order management system impacts fixed-income trading, acquiring practical tips from end users on fixed-income system requirements, and gaining insight on cost-efficiency with alternative trading systems in the fixed-income market. Speakers include Chris Ferreri, head of IT strategy for Garban, Myles Harrington, chairman of MuniAuction, and Edwin McGuinn, president and ceo of LimiTrader Securities. To register visit IIR's Web site at www.iir-ny.com.
Clearnet is holding its TMART (Trading, Market Data and Real-Time Technology) and OMTEX (Order Management and Automated Trade Execution) seminars on May 15 and 16, respectively, at One World Trade Center in New York City. TMART focuses on such issues as exchange markets trading and technology, dealer markets trading and technology and enterprise and industry integration. OMTEX will focus on new process and technology for best execution in equities, fixed income, future and foreign exchange, as well as an in-depth look at the FIX protocol. To register, check out www.mgit.com.