Canadian firm Mawer Investment Management is embarking upon its most ambitious IT project in its 46-year history. Mawer Investment Management Ltd.’s motto is “Be Boring. Make Money.” But its plans for a major IT infrastructure overhaul are anything but dull. Mawer (pronounced “more”) has just embarked upon its most ambitious IT transformation project in its… Read More >>
Start-Up MEMX Launches Live Equities Trading
Members Exchange Trades in Seven Symbols A securities exchange start-up, the Members Exchange (MEMX) launched live trading via the U.S. equity market on Sept. 21, the first phase of MEMX’s rollout schedule. “A quick update on our first day of trading,” wrote Jonathan Kellner, CEO of MEMX, in a blog posting. “We executed our first… Read More >>
SimCorp’s Dimension Moves to Microsoft’s Azure: Q&A
(SimCorp, a provider of multi-asset investment management solutions and services, recently announced that it will be integrating its Dimension platform with the Microsoft Azure cloud computing platform. This phased integration will yield the hosted, SimCorp Dimension-as-a-Service offering via a public cloud, officials say. The move is the vendor’s response to the needs of its clients… Read More >>
SimCorp Targets Buy Side’s Need for Holistic Data Management
SimCorp, an investment management solutions and services vendor, has launched a managed data service, dubbed Datacare, that targets buy-side firms searching for an updated, holistic approach to overseeing multiple-asset, front-to-back office market and reference data, officials say. The new offering was developed in collaboration with buy-side institutions such as Zurich Insurance Group, which has an… Read More >>
ASX, Digital Asset & VMware Partner for DLT
ASX, Digital Asset and VMware Sign MOU The Australian Securities Exchange (ASX) has signed a three-party memorandum of understanding (MOU) with Digital Asset (DA) and VMware to work together on distributed ledger technology (DLT) initiatives in Australia and New Zealand. Under the MOU, the ASX plans to provide its DLT offering “with the support of… Read More >>
SIX & SimCorp Partner to Ease Sanctions
Financial data services and systems provider SIX has begun a partnership with investment management systems vendor SimCorp that brings together their offerings for the Sanctioned Securities Monitoring Service at a time when sanctions are becoming a hot button issue for many financial services firms. “The partnership between SIX and SimCorp, aims to address and streamline… Read More >>
Voters Reward Disruptive & Established Providers via FTF Awards
NEW YORK CITY — A mix of disruptive and established technology providers have made the winner’s circle of the FTF News Technology Innovation Awards (the FTF Awards), which Financial Technologies Forum (FTF) is revealing today. For instance, for the Best Artificial Intelligence (A.I.) Initiative, the winner is Synechron while TCS BaNCS and its Quartz effort… Read More >>
Buy Side Faces Costly Ops Changes: SimCorp CEO
(Klaus Holse, CEO for SimCorp, is reaching out to the buy side via an open letter about front-to-back integration issues for investment management technology. His online letter notes that integration issues are caused in part by the “rapid rise of alternatives, which presents new costs and challenges.” This is helping buy-side firms rethink multi-asset, end-to-end… Read More >>
World Bank Signs Licensing Agreement with SimCorp
World Bank Deployment to Cover Middle and Back Offices SimCorp, which provides investment management products and services to the financial services industry, reports that the World Bank has licensed SimCorp Dimension, the vendor’s investment management system. The agreement was signed in late 2018, per SimCorp. Under the agreement, the World Bank has licensed SimCorp’s “middle… Read More >>
Norwegian Firm Saves $1.1M by Consolidating Systems
A major Norwegian securities firm, Storebrand Asset Management, has replaced incumbent systems with those of SimCorp for a front-to-back-office consolidation that has yielded $1.1 million in savings, confirm vendor and Storebrand officials. In fact, Storebrand officials report that it is Norway’s largest private asset manager with €71 billion ($81.4 million) in assets under management (AUM),… Read More >>
