Front Capital Systems, part of SunGard, has bought Chicago based Derivatech Risk Solutions, a provider of foreign exchange derivatives pricing, analytics and risk management systems. The price was not disclosed. Founded in 1996, Derivatech was privately held and has offices
Consultants Celent predict that by the end of 2007, more than 60 percent of fixed income trading will occur electronically. After three years of intense competition, bankruptcies and consolidations, the electronic fixed income market has stabilized and is poised for
Fundtech, the New Jersey based provider of payments systems, has appointed Michael Sgroe, the company's current Chief Operating Officer, as President, Chief Operating Officer. In his expanded role, Sgroe will control all global operations. "Mike has been responsible for an
New England Pension Consultants (NEPC) has selected Insignis to provide data collection and integration services. Insignis is a company that automates the back office functioning of plan sponsors and pension consultants by collecting and integrating data from money managers, brokers,
UK financial services companies are more optimistic than they have been at any time for five years. Or so suggests the regular Confederation of British Industry Price Waterhouse Coopers quarterly survey of the sector. Volumes and profitability have both grown
TEMENOS Group says the Bank for Agriculture and Agricultural Cooperatives (BAAC) in Thailand has signed a deal with it, IBM and Thai Equipment Research (TER) for 1.2 billion Thai baht (US $30 million). BAAC is looking to upgrade all its
Double Alpha Group, a New York based quantitative alternative investment management firm, today announced the appointment of Robert Chender as President. Charles Zaffuto will remain as CEO. Chender has more than 15 years experience in the hedge fund industry, having
Euroclear Bank has launched a book entry settlement service for Euronext Brussels equity trades. The ICSD describes Brussels as the second Euronext market for which exchange members will have a choice of settlement location, following the launch of a similar
Datamonitor, the IT analysts, have published a report that describes SmartStream as market leader in Enterprise Reconciliations and Exceptions Management. The report "Enterprise reconciliation a 'sexy' business'" says SmartStream is ahead of the competition in terms of customer numbers and
CityCompass says Tata Consultancy Services (TCS) has joined ADP Wilco, CheckFree, Information Mosaic, Mondas, Vermeg and XcitekSolutionsPlus as a participant in its second corporate actions benchmarking event, to be held in London on 30 June. "Corporate Actions processing is assuming