Month: March 2005

MFA Debates New Era for Funds

The Securities and Exchange Commission’s (SEC) recent ruling on registration of hedge fund advisors was the centre of attention at the MFA Network 2005 event in Florida, staged by the Managed Funds Association. Not only did MFA update delegates on its own work since the ruling, but many of the technical sessions at the conference […]

BNP and Axa in New Initiative

BNP Paribas (BNP) and AXA Investment Managers (AXA IM) are to offer investors both a pure asset and an asset allocation tool through the development of a wide range of ETFs as an integral part of their product offering.  In a concentrated, high-potential growth market, the firms claim this structure will provide them with a […]

Knight Signs with S3

Knight Trading Group’s subsidiary, Knight Equity Markets, has established a strategic relationship with S3 Asset Management to provide hedge fund clients with balance sheet management solutions. S3, based in New York, trades collateral on an agency basis, provides financing services and structures funding programmes for its hedge fund clients.   “The effective management of financing […]

Citigroup GTS Licenses SunGard

Citigroup GTS has licensed several SunGard integrated solutions to support its third party administration (TPA) business in North America. Under the agreement, Citigroup will use SunGard’s Invest One, an investment accounting solution; Xamin, a performance measurement and attribution system; Investar One, a shareholder recordkeeping system; and PowerImage, a workflow and document management system, to manage […]

Nexa Launches Black Box Service

Nexa Technologies, a provider of online and direct access trading solutions, announces the launch of Spinnaker, its ’one-stop-shop’ black box service aimed at hedge funds and quantitative traders.   Mark Munoz, senior vice president of corporate development, Nexa Technologies comments, “We’re seeing particular growth in the high-frequency trading arena. With the launch of Spinnaker, traders […]

Patsystems Extends Global Coverage for Fimat

Patsystems, a supplier of trading technology and exchange technology, has signed Fimat USA as a client for J-Trader; a web-based derivatives trading system aimed at retail and institutional clients, providing them with access to international exchanges.   The Fimat Group is a member of more than 40 derivatives exchanges and offers a range of global […]

Skandia Signs for BBH Infomediary

Skandia UK Group has chosen Infomediary, Brown Brothers Harriman’s integrated communications outsourcing solution, for the automation of third party fund orders and confirmations from Skandia’s multi-manager platform. Skandia says it will use the product to connect to cross border fund providers and transfer agents over the Swift network using a combination of the latter’s ISO […]

ASEBP Improves Front End Services

Canada’s Alberta School Employee Benefit Plan (ASEBP) has deployed Fineos Claims Manager as a front-end solution across its plan administration system. Implemented over four months, the solution provides functionality in five key areas, says Fineos Corporation, a financial services and government software developer.   First, it provides users with a single view of customer and […]

…as Does CSFB’s Harding

Bank of America (BoA) confirms that Jonathan Harding is to join its emerging markets FX trading team. He held a similar position at CSFB in London. In his new role, he will be based in London, and report to Kai Herbert, senior emerging markets FX trader.

McEvoy Moves to BoA London

Bank of America confirms that Tony McEvoy is joining its short term directional trading desk. He will be based in London and report to Andy White, senior trader, global FX. He was previously a spot trader at Citigroup, the bank confirms, and reported to Gavin Wells, managing director, spot FX.