CMS WebView plc (CMS), a provider of software systems for real time financial data distribution and management, says the market data feed it built for the Chicago Board of Trade (CBOT) has gone live. The new market data feed provides
During 2003, a further 13 firms from across Europe Finland, France, Germany, Switzerland and the UK signed up to use the Russell Mellon CAPS AMI database service. This brought the total number of asset managers using AMI to 114, with
Fidelity Investments has announced that it has made two additional appointments to its London based Fixed Income portfolio Management team. Beatrice Rodriquez has joined the team as money market manager, and Joe Andrews has been hired to the Quantitative Research
DALBAR has released the results of its 2003 study of methods to improve retirement income security through increased saving rates. The study, whose findings are based on the 45 year history of inflation rates, interest rates and investment returns of
The Bank of New York has announced that it has extended its Value at Risk (VaR) capabilities through an enhanced strategic relationship with RiskMetrics Group using its VaR application, RiskManager. Through the use of RiskManager, the Banks global custody clients
Alecta has selected front office analytics software from Stockholm based Algorithmica Research for its asset management operations. Quantlab Software will be integrated into the production environment in order to support the fixed income group. "This shows that the Quantlab family
ADP Brokerage Services Group (ADP), a division of Automatic Data Processing, Inc., has announced that WestLB New York and Düsseldorf have gone live with ADP OMR's TradeThru ASP solution for foreign exchange and money market processing. TradeThru was rolled out
Consolidation in the correspondent clearing space is set to continue with the sale of Wexford Clearing, the clearing arm of Prudential Securities that specialised in emerging market debt securities, to Refco. Wexford, which Prudential bought from Daiwa Securities four years
Premier Chocolate Products, a UK based manufacturer and supplier of chocolate and cocoa based ingredients and David Cater Ltd, a UK based physical commodity broker, are two of the five new corporate clients to subscribe to ProphetX in December 2003.
Misys, the UK based software company whose new management is refocusing its business through a series of disposals and acquisitions, has acquired IQ Financial Systems (IQFS) from Deutsche Bank for $40 million in cash. Misys says the acquisition extends its