FactSet announced late last month that it is acquiring CUSIP Global Services (CGS) — a provider of identifiers for securities — from S&P Global for $1.925 billion in order to grow its data management offerings, and raise company and brand awareness in security issuance, settlement, back-office operations, and trading. “A CUSIP number is a unique… Read More >>
Finastra & CloudMargin Launch Collateral Management Service
Finastra’s FusionFabric.cloud Links to CloudMargin Financial services systems vendor Finastra is partnering with CloudMargin, a collateral and margin control solutions provider, to offer an integrated collateral and margin management solution via a Software-as-a-Service (SaaS) model. The “Collateral Management as a Service,” will be hosted by CloudMargin and available through Finastra’s FusionFabric.cloud platform, officials say. The… Read More >>
Buy-Side Trading Desks Favored IT Spending in 2019
On average, budgets for American and European buy-side trading desks rose by four percent in 2019, and it appears that much of that increase went to spending on technology rather than for hiring staff, according to a recent report from Greenwich Associates, a market research firm. In fact, the research firm found that “headcounts among… Read More >>
FactSet Launches KYC App for Client Due Diligence
FactSet Combines KYC & RPA for New App FactSet, a provider of financial information and analytical applications, reports the release of FactSet KYC, a cloud-based software-as-a-service (SaaS) application intended to streamline Know Your Customer due diligence. The new app combines KYC robotic process automation (RPA) with FactSet content and public registries, improving the efficiency and… Read More >>
Voters Reward Disruptive & Established Providers via FTF Awards
NEW YORK CITY — A mix of disruptive and established technology providers have made the winner’s circle of the FTF News Technology Innovation Awards (the FTF Awards), which Financial Technologies Forum (FTF) is revealing today. For instance, for the Best Artificial Intelligence (A.I.) Initiative, the winner is Synechron while TCS BaNCS and its Quartz effort… Read More >>
Abacus Group Buys Hedgepoint Solutions
IT Consultancy to Join Abacus Group Abacus Group, which hosts IT solutions and applications for alternative investment firms, is acquiring Hedgepoint Solutions, a boutique IT consulting firm based in New York City whose clients will be able to use the Abacus Cloud platform. Hedgepoint was founded in 2001 to offer technology services to businesses across… Read More >>
Merrill Lynch Unit Selects FactSet’s Market Data Wares
Merrill Lynch’s wealth management group will be changing market data providers after a two-year review of its data needs, which will mean a move away from the offerings of Thomson Reuters to the deployment of FactSet’s market data products. The agreement is an expansion of a previous relationship between Merrill Lynch and FactSet, a provider… Read More >>
FactSet & Quantopian to Develop Data Analysis Solution
Integrated financial information vendor FactSet is working with Quantopian, a self-described crowd-sourced quantitative investment firm, on a data analysis solution, dubbed Quantopian Enterprise, that the duo says will enable quantitative financial analysts to more effectively and quickly test their investment strategies. The Quantopian Enterprise will consist of Quantopian’s technology and data from the recently released… Read More >>
FTF Awards Q&A: FactSet Wins for Client Reporting & Services
(Editor’s note: The following Q&A is with two key officials at FactSet, which won two FTF News Technology Innovation Awards — Best Client Reporting Solution for Vermilion, a FactSet company; and Best Client Services Solution for FactSet’s offerings. The client reporting honor spotlights how the winning provider has improved the customization, look and feel, and… Read More >>
Electra and Linedata to Link Key Platforms
Electra and Linedata to Create Recs Interface Investment management software vendor Linedata and reconciliation services provider Electra Information Systems have announced that they are creating an interface between two key platforms. The new link will provide Linedata Mfact fund accounting users with support for Electra’s Reconciliation, offering capabilities for reconciling system-to-system, net asset value… Read More >>
