The Chicago Board of Trade has selected an Internet Protocol-based networking solution by Radianz in order to distribute real-time financial information to 60 market-data vendor connections. Radianz will carry CBOT's Quote Vendor Network for a contracted three years, using its multicast technology in its global extranet, RadianzNet, to deliver the feed simultaneously to all recipients.
A Los Angeles-based hedge fund, MW Post Advisory Group LLC, which specializes in high-yield bonds and distressed securities, has recently signed with Princeton Financial Systems to provide a portfolio-management and accounting system. Princeton's solution, PAM, will be hosted on Princeton Financial's application service provider, which will house the data, provide remote access and perform all data-center activities for MW Post's $2 billion+ portfolio.
StatementOne, a N.J.-based wealth-management technology provider, has introduced an automated data conversion tool called TransPro. The technology will allow investment advisors to back load historical account data and client information from third-party software systems including Advent Axys and FCSI's dbCAMS. TransPro migrates and scrubs data before moving it into StatementOne's data warehouse, allowing clients to leverage historical data from alternate system investments for performance reporting.