London-based Liquid Capital Markets, a liquidity provider in a range of exchange traded equity and fixed income options, has implemented SunGard’s Kiodex Risk Workbench, a Web-based commodities risk management solution that integrates deal capture, valuation models, risk measurement, financial reporting and independent market data. Used by Liquid Capital’s commodities traders in London and Sydney, Kiodex integrates with the firm’s front- end systems.

EFG Financial Products, a newly established subsidiary of EFG International, is using Orc Software to supply key technology for its structured products operations.

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Boston-based Old Mutual Asset Management has selected the INDATA IMS ASP solution for its affiliate managers. The IMS ASP solution provides trade order management, portfolio accounting and reporting, performance measurement and attribution with the added benefit of INDATA providing hosting and system administration management.

An Italian investment firm and established Orc Software customer, Centrosim, is using Orc technology for its single platform-based automated trading and risk management solution. Centrosim is using Orc Trading technology tools, including Orc Trader and via Orc Connect, market connections for the Italian Derivatives Market, Italian Stock Exchange, Securitised Derivatives Exchange and the Mercato Alternativo del Capitale. Plans are also being developed for non-membership market access via Orc Connect to SEB for the major European and North American financial markets, including Euronext.liffe, Eurex and CME-CBOT.

Interdealer broker ICAP has expanded its presence in the Middle East, with a new EBS Prime customer in the Kingdom of Bahrain. The Bank of Bahrain & Kuwait (BBK), based in Bahrain, went live on EBS Prime on March 26. EBS Prime is a facility that enables customer banks to view and trade on the best prices available on the EBS system.

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London-based institutional equities house ODL Capital (ODLC) has gone live with FIXCity’s indication of interest (IOI) distribution product, ioinet. ioinet enables ODLC to step up its distribution of liquidity in equities and more rapidly secure orders from buy side firms, according to the vendor.

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An Italian investment firm and established Orc Software customer, Centrosim, is using Orc technology for its single platform-based automated trading and risk management solution. Centrosim is utilising Orc Trading technology tools including Orc Trader and via Orc Connect, market connections for the Italian Derivatives Market, Italian Stock Exchange, Securitised Derivatives Exchange and the Mercato Alternativo del Capitale. Plans are also under way for non-membership market access via Orc Connect to SEB for the major European and North American financial markets (Euronext.liffe, Eurex and CME-CBOT).

Structural Wealth Management, provider of tax-efficient tailored solutions premised on efficient markets, has selected the Charles River Investment Management System (Charles River IMS) to consolidate its portfolio management, trading and compliance operations on one integrated platform and support real-time electronic trading via FIX.

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Emirates NBD, the largest bank in the Gulf Cooperation Council in terms of assets, has selected Calypso software as its cross-asset, front-to-back solution for trading credit, equity, interest rate and FX derivatives as well as FX, money market and fixed income. With the credit markets expanding rapidly in the Middle East, Emirates NBD was seeking a comprehensive cross-asset system with strong derivatives support to meet increasing client demand. After evaluating a number of systems, Emirates NBD selected Calypso Technology not only for the strength of its software platform, but also for its partnership approach, the vendor claims.

Japan’s Mitsubishi UFJ Securities (MUS) has completed the first phase roll-out of a new algorithmic execution service based on technology developed by UK vendor Fidessa.

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DeSari Capital, a newly formed alternative asset manager, has selected the Calypso Technology cross-asset software platform, hosted by Sky Road, as its complete front-to-back office technology solution. DeSari Capital was seeking a complete technology solution to run the CDPC with quick time-to-market and advanced trading, risk and operational processing capabilities. The Sky Road hosted Calypso software solution offered all the benefits of ASP technology coupled with the multi-asset, front-to-back Calypso platform.

Boston Financial Management, with $1 billion in equity and fixed income assets under management, is live with INDATA IMS for its front to back office needs. “Not only did the INDATA system have the functionality we were looking for in different areas, they were also more cost effective and timely when it came to the actual implementation of the system,” says Jack Abbott, president & CEO, Boston Financial Management, Inc. “This, combined with the fact that INDATA’s technology offering was firmly established and was being utilised by other sizeable investment management organisations in the Boston area, led us to our decision.”

Rand Merchant Bank (RMB) has selected Eurobase’s Siena Front Office, Siena Rate Manager and Siena eTrader products to provide a complete multi-asset class electronic trading and order management platform. RMB is the investment banking arm of FirstRand. The Siena eTrading Solution will provide high performance pricing including margin management to end customers and will also enable the bank’s customers and branches to trade directly via a single platform in, initially, forex and money market products.

Italian bank and existing Orc Software customer Banca Aletti has utilised Orc technology to launch two new Certificates for baskets of stocks on the Italian Securitised Derivatives Exchange, SeDeX. The new Certificates (AL7499 and AL8461) make use of Orc’s covariance matrix for derivatives based on baskets of correlated securities.

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BankInvest Group, which has $18 billion of assets under management, has selected the Charles River Investment Management System (Charles River IMS) to support and integrate portfolio management, asset allocation, trading and compliance operations across its Denmark-based domestic equity and fixed income, and global emerging markets businesses. BankInvest will also benefit from an interface between Charles River IMS and its existing proprietary back office and data warehouse solutions. In addition, BankInvest’s custody business, which offers outsourced compliance services to external funds, will deploy Charles River’s compliance solution.

Interactive Data Corporation has agreed to supply a range of low latency data to General Welfare Group. By utilising Interactive Data’s PlusFeed, General Welfare Group will be able to have complete access to low latency data in the North American markets, helping them to innovate a range of trading strategies.

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Morgan Stanley has signed a global software licensing agreement for Trading Technologies’ order entry software, X_Trader, which will be rolled out to customers and internal trading desks at its client listed derivatives business.

Chicago-based TT says Morgan Stanley’s client listed derivatives business will also utilise its hosted ASP service, TTNET, to distribute X_Trader to its customers and internal trading desks globally.

The TT technology will be integrated with Morgan Stanley’s proprietary applications and other third-party systems to provide front-to-back full service for client listed derivatives activities.

The concept of messaging platform-based trading systems has struggled for validation. But the recent deployment of Pivot’s 360° online collaboration system, together with its IMTrader instant messaging platform, by electronic broker Capital Institutional Services (Capis) – and its adoption by Goldman Sachs earlier in the year – add credibility to the idea.

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McComsey Asset Management, a growth-focused large-cap money management firm, has adopted Linedata Services’ LongView Trading order management system on an application service provider model. With ASP deployment, Linedata manages and hosts LongView Trading at secure, specialised data centres.

GL Trade has launched, within Société Générale, an execution platform covering a number of European institutional markets: London Stock Exchange, Euronext (Amsterdam, Brussels, Lisbon, Paris), Frankfurt, Madrid and Milan, the SWX and virt-x exchanges in Switzerland and the OMX Nordic Exchanges platform (Copenhagen, Helsinki, Oslo and Stockholm).

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