A new convergence is underway to make cloud computing more palatable for buy-side firms looking for bottom-line cost savings as they face new derivatives-based demands for more compute power just as profit margins tighten and IT budgets flatten. At the same time, the security, business culture and regulatory barriers that have blocked the cloud are… Read More >>
Time for the Buy Side in the Clouds?
Buy-side firms need to embrace improved cloud computing solutions to get “badly needed computing power” while also helping rein in technology costs, according to consultancy Greenwich Associates. For instance, hedge funds could cut the computing costs of portfolio analysis by 50% if they embrace an enterprise-wide, cloud computing offering, according to the new report “Cloud… Read More >>
Case Study: Delaware Investments and the Cloud
Philadelphia-based global asset manager Delaware Investments is a firm believer that vendors can generally do a better job of hosting and managing the systems they create than internal IT and operations staffs. That is the main reason Delaware Investments opted for a private cloud, enterprise-wide implementation of the Investment Management Solution (IMS) system from Charles… Read More >>
FIS Group Adds Liquid to List of Service Providers
Liquid Holdings Group reports that it will be among the first group of approved service providers that investment manager FIS Group will offer to its roster of emerging investment managers via its Ecosystem program. Liquid Holdings, formed in 2012, is a cloud-based technology and managed services provider to the global hedge fund and trading markets…. Read More >>
Swaps Exchange Hits Milestone as Sapient’s Cloud Links to Clients
Swaps Exchange Processes $100B of Bunched-Order Allocations trueEX Group, the New York-based electronic exchange for interest rate swaps, reports that it has successfully processed more than $100 billion in bunched-order allocations via its newly activated Post-Trade Services (PTS) platform. trueEX’s PTS platform allows buy-side clients and their futures commission merchants (FCMs) to directly allocate executed… Read More >>
Case Study: AIFMD Services in the Cloud
INDOS Financial, a London-based start-up specializing in new depositary services for offshore hedge funds, is trusting cloud technology for IT support from basic networking to the applications it uses for the oversight and cash flow monitoring of its clients.INDOS is using the Eze Managed Suite offering supported by the Eze Private Cloud service of Eze… Read More >>
The 2013 Sifma Wrap
Cloud computing has quietly permeated a wide range of financial technology offerings as evidenced by the SEC’s cloud-based, industry-wide market data analysis system, and third-party product news at the Sifma Tech 2013 technology conference, which took place this week in New York. Vendors say the greater acceptance of the cloud among buy-side firms, which were… Read More >>
Q&A: A Common Framework for Ops Data?
FTF News recently spoke with Virginie O’Shea, an analyst with market research firm Aite Group, who covers data management and post-trade technology issues. In this Q&A, O’Shea focuses on the operational data management issues that are heating up as regulators apply pressure and margins tighten. She also references an upcoming Aite Group report on investment… Read More >>
Is the Cloud Causing Layoffs in the Back Office?
More buy-side firms than you think are moving IT infrastructures and operations to the cloud and then laying off back-office staffs. So says Todd Gottula, executive vice president and chief technology officer for Advent Software. Tighter margins are compelling firms to find efficient ways to “manage disparate systems” and the cloud option is getting popular,… Read More >>
Tackling Corporate Actions via Cloud Computing
For Henry Napier, a vice president overseeing corporate actions processing for The Industrial and Commercial Bank of China Financial Services (ICBCFS), mornings were a little busy because of a system that was essentially manual. “Basically, what we would do in the morning is spend several man hours pulling up internal data,” says Napier, who is… Read More >>
