Charles River Development (Charles River), a provider of financial software and services to the global investment management community, yesterday announced that London-based F&C Asset Management (F&C) has selected the Charles River Investment Management System (Charles River IMS) to support its front office equity, fixed income and derivative operations.
Charles River Development, a provider of front- and middle-office systems to the global investment management community, yesterday announced that BlueBay Asset Management is now trading derivatives via the Charles River Investment Management System (IMS) and has been using the system since 2005 for its fund management business totaling in excess of US$9 billion in assets under management.
In a new report based on the first week of trading on the U.S. equity options market penny quoting pilot (which commenced on January 26th), trading platform provider Tethys Technology predicts that algorithmic execution in options markets will grow.
The multi-asset class algorithmic execution management systems vendor FlexTrade says that its clients now have direct access to the NYSE Arca Options market through FlexOPT, its algorithmic options trading application.
FlexTrade Systems, a provider of multi-asset algorithmic execution management systems, yesterday announced that its clients now have direct access to NYSE Arca Options through FlexOPT, its algorithmic options trading and risk management solution that enables users to minimise market impact, transaction costs, and risk exposure.
royalblue, provider of Fidessa, yesterday announced that Goldman Sachs has selected Fidessa as an additional distribution platform for buy-side listed derivatives flow. Fidessa's global connectivity network provides a highly resilient solution for routing buy-side order flow to broker destinations. Through Fidessa's network, users will now have the capability to route listed derivatives, cash equities and algorithmic orders, across 60 exchanges and 23 countries, to Goldman Sachs.
The derivatives exchange Eurex will be launching derivatives on Russian underlyings denominated in US dollars as of 23 April 2007, the firm has announced. This will enable investors to trade emerging markets derivatives on the Eurex platform for the first time. The derivatives will be traded in US dollars, another first at Eurex.
Investit Intelligence, the research forum dedicated to the operational issues of the investment management industry, has revealed the UK's largest investment management companies' and third party administrators' top priorities for spend and focus in the coming year.
Data, portfolio valuation and OTC derivative trade processing vendor Markit Group says that global custodian Northern Trust has selected the firm as its preferred provider of OTC derivative valuations.
Global custodian Bank of New York says it has expanded its independent valuation service for OTC derivatives to include European swaptions, foreign exchange options and OTC equity options. The bank already provides valuation services for interest rate swaps and credit default swaps.