Citing a recent client win as the incentive, investment systems vendor SimCorp is revamping its organizational structure in Europe, establishing new Northern and Southern European market units that will be working with the existing Central European group. The changes on the European front will not have any impacts on SimCorp’s operations in North America, SimCorp… Read More >>
InvestCloud Buys Babel Systems for $20 Million
Los Angeles-based fintech upstart InvestCloud Inc. is acquiring London-based Babel Systems Ltd. for $20 million and plans to link its digital platform to Babel’s trading and accounting capabilities. InvestCloud’s digital platform targets wealth managers with client portals, mobility and advisor portals, and offers allocators (multi-family offices, pensions and endowments), and managers of multi-asset-class, multi-strategy portfolios… Read More >>
Broker Deploys Torstone’s Back-Office System in Four Months
U.K. Firm Wants Cost-Effective, Scalable Back Office Liberum, a pan-European investment bank, signed a multi-year deal with Torstone Technology in July to deploy the vendor’s Inferno back-office system and went live earlier this month with the new system, achieving a four-month implementation, according to Liberum and vendor officials. An employee-owned firm, Liberum offers pan-European equity… Read More >>
Russell Investments to Use SS&C for IBOR Push
Asset manager Russell Investments will be using proprietary, integrated systems from SS&C Technologies as the middle office core for an investment book of record (IBOR) that will help the firm’s portfolio managers trading in global markets. The firm, which has $244 billion in assets under management, is expanding its IT support for investment accounting, performance… Read More >>
FTF Focus Spotlights the 2016 FTF Awards Winners
For the sixth year in a row, Financial Technologies Forum (FTF) sponsored the FTF News Technology Innovation Awards competition to help securities industry professionals shine the spotlight on the outstanding companies, individuals and industry groups that have achieved excellence in post-trade operations. The key winners for 2016 are featured in the special Awards Issue… Read More >>
SS&C and Advent Team Up for Geneva Upgrade
SS&C and Advent Teams Focus on Combined Clients Technology teams from financial services software and systems vendor SS&C Technologies and its recent acquisition Advent have been working closely and quickly to deliver Geneva, version 15.2, the latest release of the fund administration platform for their joint fund administration clients. Originally an Advent product, Geneva offers… Read More >>
NSX Officially Re-Launches, Debuts Low-Price Fees
NSX Re-Launches for Equities, ETFs As expected, the National Stock Exchange (NSX) has re-launched trading operations for equity securities and exchange-traded funds (ETFs), and reports that it is offering “low-price market access fees,” officials say. The relaunch follows the SEC’s approval on Dec. 14 to resume trading operations, which includes a phased roll-out of all… Read More >>
SimCorp Dimension Upgrade Widens Views Across Ops
Investment management systems and services vendor SimCorp has updated its enterprise solution SimCorp Dimension, release 5.8, and is including new support for the back office, a performance analysis manager, tighter integration with MSCI’s RiskMetrics and the introduction of a manager for investment book of record (IBOR) models, officials say. The back office module will allow… Read More >>
U.K. Pension Administrator Deploys Eagle Platform
U.K. pension administrator RPMI Railpen, which manages the assets of the Railways Pension Scheme (RPS), has gone live with the enterprise data management solution of Eagle Investment Systems to create a security reference master and an investment book of record (IBOR), officials say. The implementation, which will use the Eagle Access private cloud, is also… Read More >>
SimCorp Opens a Portal on Everything IBOR
Investment management systems vendor SimCorp has launched an Investment Book of Record (IBOR) portal on its webpage, a move aimed at raising awareness and providing context in response to what SimCorp says is a recent heightened demand for IBOR solutions. An IBOR centralizes positions information across all asset classes on an intraday basis, providing a… Read More >>
