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A Closer Look at Achieving Low Latency in Real-Market Environments
In the new era of microsecond latency, is the quickest path between two points a straight line? Traditionally, messaging implementations aim to move information between publishers and subscribers by the most direct means possible, which often becomes the argument against legacy centralised, middleware messaging and queuing systems. Proponents of direct-connect, peer-to-peer messaging systems contend that…
BISS Research Grants Information Mosaic’s Cama 2008 CA Accreditation
BISS Research has bestowed its 2008 CA Accreditation on Information Mosaic’s Cama corporate actions system in all three market sectors of asset manager, broker-dealer and custodian. Gary Wright, CEO of BISS Research, explains: “The benchmarking has highlighted value added features of Cama and other services provided by Information Mosaic, which are described in this years…
SuperDerivatives Appoints Ex-Citi Head Mandell to Lead Product Management
Front office derivatives solutions and valuations provider SuperDerivatives has appointed ex-Citi global head of rates Ravit Mandell to lead the vendor’s product management function. Mandell joins SuperDerivatives as vice president for products based in the New York office and will lead the group to develop solutions covering all derivatives asset classes under the SuperDerivatives portfolio….
Carne Global Financial Services Appoints Ex-Citisoft Ramsey as Principal Consultant
Fund management advisory firm Carne Global Financial Services has added to its London team with the appointment of Paul Ramsey as a principal consultant. The firm is hopeful that Ramsey’s experience on numerous alternative investment and traditional asset management projects in the front, middle and back office will allow him to service the needs of…
GoldenSource Hires Broggi to Expand Sales Strategies for Southern Europe and Middle East
EDM vendor GoldenSource Corporation has hired Massimo Broggi as sales manager for Southern Europe and the Middle East. Based in Milan, he will be responsible for developing and expanding business strategies for the vendor in the region, with particular emphasis on helping local clients implement data management strategies to manage risk related to derivatives operations,…
XSP Achieves SwiftReady Corporate Actions Label Accreditation
XSP’s v5 platform has achieved the SwiftReady Corporate Actions Label accreditation for 2008 in conjunction with Microsoft BizTalk Accelerator for Swift, the SwiftReady Financial Enterprise Application Integration (EAI) product. This is the fourth consecutive year that XSP has received this accreditation.
LSE Migrates Sedol Masterfile onto UnaVista, Adds Broker Matching Utility
The London Stock Exchange (LSE) has revealed plans to migrate its centralised reference and financial data management solution, Sedol Masterfile, onto UnaVista, its global matching, reconciliation, data integration and validation service. The exchange operator has also launched a new service for the central matching of post-trade data across prime brokers, executing brokers and hedge funds…
HSBC Selects Petra Financial for Payments Reference Data
HSBC has selected Petra Financial as a partner to provide a new tool that will allow the bank’s clients to validate BIC and IBAN details before the submission of a payment or, if required, to derive these details from a bank name, address and Basic Bank Account Number (BBAN), subject to counterparty verification. The tool,…
Valuations Have Hit the Mainstream, Says New Report from A-Team Group
Valuations are no longer merely a concern for the back office; recent events have meant that they have finally hit the mainstream, according to research by A-Team Group, publisher of this news service. High profile failures and frauds relating to the mis-pricing of assets have made valuations headline news, says Ian Blance, author of the…
CheckFree eVent Receives SwiftReady Accreditation
Fiserv’s corporate actions processing solution, CheckFree eVent, has received SwiftReady accreditation for the fifth time. The accreditation reflects the solution’s ability to provide comprehensive support of Swift standards and market practice and it was tested by Swift’s Simulation Testing and Qualification Service (STaQs), to ensure the validation of messaging outputs, such as ISO 15022 MT…