Clearwater Analytics, a provider of investment accounting software-as-a-service (SaaS) solutions, is acquiring Enfusion, a SaaS provider to investment managers and hedge funds, for approximately $1.5 billion to combine their respective offerings and build a front-to-back office platform. “The purchase price is $11.25 per share, delivered in an approximately equal mix of cash and stock. Additionally,… Read More >>
U.S.-Based Trading of Eurex Dividend Options Approved
EURO STOXX 50 Index Dividend Options and EURO STOXX Banks Index Dividend Options from European derivatives exchange Eurex can be directly traded from the U.S., underscoring Eurex’s plans to expand globally, officials say. U.S. derivatives regulator the Commodity Futures Trading Commission (CFTC) approved Eurex’s efforts to offer its dividend options directly to participants in the… Read More >>
Pico & BMLL Combine Offerings to Streamline Trading
Pico, a solutions provider for low-latency trading, is partnering with BMLL, a provider of harmonized Level 3, 2, and 1 historical data and analytics, to provide access to real-time and historical data sets simultaneously, officials say. The combination of products and services will provide “a full-suite solution of historical data, backtesting, and live trading environments”… Read More >>
SS&C Launches SaaS Updates for Geneva, Eclipse & OEMS
With alternative investment firms in mind, officials say SS&C Technologies is offering a variety of new features and functions via updated software-as-a-service (Saas) releases of the Geneva, Eclipse, and OEMS products and services platforms. “We tailor our releases to the global marketplace. The recent advancements in our alternatives solutions illustrate our commitment to them to… Read More >>
Recs Projects Still Seen as ‘Complex, Costly & Messy’
(Marc McCarthy has worked for 25 years in reconciliations. His career began as “a reconciler and then project/program manager at Tier 1 banks,” he says. He also had a secondary career in consulting, sales, and executive roles on the provider side. He launched ReconIQ, a London-based specialist in reconciliation advisory services during the second quarter… Read More >>
Geopolitical Woes Are Top Systemic Risk Concerns: Survey
A little more than half of survey respondents — 55 percent — say that they “believe there is high or very high chance” that there will be “a high-impact systemic event” in 2025, and 84 percent express concern that a geopolitical event could impact financial services during the coming year. These findings are from the… Read More >>
Omnis Extends Transfer Agency Contract with SS&C
Officials say that multi-manager investment firm Omnis Investments Ltd. has extended its transfer agency relationship with SS&C Technologies and among its top goals is the evolution of its digital service offerings. The London-based firm’s contract with SS&C covers “Omnis’s range of mutual funds, which invest across several asset classes and regions. With more than GBP10 billion [$12.6… Read More >>
OMBA Streamlines Ops via Data Management Evolution Project
(OMBA Advisory & Investments recently announced that it can streamline operations after the firm worked with SIX and FINBOURNE to facilitate near real-time API-sourced data and end-of-day pricing via a cloud-based data solution. This project was part of an overall enterprise architecture initiative. With a specialization in exchange-traded funds (ETFs), OMBA offers wealth, asset management,… Read More >>
Hedge Fund Uses Pricing Driven via Machine Learning
British hedge fund Marshall Wace is using a real-time pricing data service from Bloomberg that incorporates machine learning models to bolster its systematic credit strategy with new pricing data delivered every 15 seconds across the liquidity spectrum for USD, EUR and GBP credit markets, officials say. Known as a global liquid alternatives manager, Marshall Wace… Read More >>
Indiana University Wins CME Group Trading Challenge
Indiana University, based in Bloomington, took first place in the CME Group’s 21st annual University Trading Challenge, officials say. The four-week competition, which had 2,300 students, set a new participation record. In addition to Indiana University, University Trading Challenge Winners are: Second Place: Tecnológico de Monterrey, a private university in Monterrey, Mexico; Third Place: ESLSCA… Read More >>
