The ambitious consolidated audit trail (CAT) industry project has suddenly moved into a new chapter with the revelation late last week that Thesys Technologies, acting as Thesys CAT, will be phased out as the plan processor for the SEC-mandated big data initiative. A transition is underway to designate a new plan processor to collect every… 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 >>
U.K. Firm Deploys iRecs Platform from Watson Wheatley
BennBridge Rolls Out iRecs Platform London-based BennBridge Ltd. a multi-boutique investment firm, has implemented the iRecs trade reconciliation platform from Watson Wheatley Financial Systems, officials report. Tom Wheatley, chief operating officer (COO) for Watson Wheatley, reports that the BennBridge project requirements “were relatively complex” but that the application was successfully rolled out to… Read More >>
Blackstone Hatches ‘Refinitiv’ via Thomson Reuters Partnership
A Blackstone-led consortium has finalized partnerships and begun the transformation of the Thomson Reuters Financial and Risk (F&R) group into a new company Refinitiv. The newly hatched company will use the private equity infusion to advance content coverage, cloud options, artificial intelligence (AI), analytics across the Elektron and Eikon platforms for buy-side firms, trading, wealth… Read More >>
