OptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, and Nasdaq today announced that OptionsCity is a preferred independent software vendor for Nasdaq Futures (NFX), the exchange group’s U.S. based designated contract market (DCM). Through NFX, Nasdaq will expand its commodities business with futures and options on key energy benchmarks including oil, natural gas and U.S. power, which will launch in 2015.
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As new financial technology develops, it is increasing the number of global opportunities open to asset managers. With each improvement in connectivity, new regions around the world become potential customers and partners.
Buy-side firms are scanning wider horizons for investment opportunities as well as prospective clients. Market conditions in recent years, which have seen artificially low rates and volatile equity performance, are leading investment managers to consider other options to achieve the returns they need, such as emerging market equity and fixed income.
Milestone Group, the global provider of investment management fund processing technology, is pleased to announce that NEPC, LLC (NEPC) has selected pControl to be its core platform to perform end-to-end account processing for its growing discretionary business. The platform gives Outsourced Chief Investment Officer (OCIO) providers like NEPC a single platform to manage all their portfolio’s activities including analytics, trading, cash management and valuations.
The financial crisis exposed a number of weaknesses in the financial industry’s ability to assess, realise and mitigate risk on a very public scale. The knock-on effect of this exposure has been, and continues to be, vast with financial institutions being subject to heavy scrutiny from regulators. The expectation on banks to demonstrate increased transparency and the ability to effectively manage their risk has intensified substantially.
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that Bank of the West, a $71.7 billion asset bank with locations in 22 states, has added the Snap-to-Pay(TM) capability to its mobile banking app. Snap-to-Pay enables customers to pay bills with a snap of their smartphone cameras and is currently offered through the Mobiliti Enterprise(TM) mobile banking and payments solution from Fiserv. Bank of the West is the first to launch Snap-to-Pay, branded for their customers as Scan to Pay.
Under the terms of the agreement, which mainly covers wholesale banking IT infrastructure, HP will provide dedicated data centre services on demand including storage, platform and hosting.
Deutsche Bank will retain activities such as IT architecture, application development and information security.
Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that BIL Manage Invest (BMI), the management company of Banque Internationale à Luxembourg (BIL), has selected Linedata Front Office Platform to manage their complete front-to-back asset management workflow across their full suite of investment funds.
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that Bank of the Ozarks, headquartered in Little Rock, Arkansas, successfully converted to the Premier(R) bank platform. In addition, the bank is implementing a host of additional Fiserv solutions to enhance capabilities and optimize processes for the institution.
Instinet Europe Limited (IEL) today announced its number five ranking, by customer market share, among cash equities brokers in Europe, according to a research report published by Markit.
Instinet was the only firm in the top ten to climb the rankings in 2014, increasing market share from 6% to 10%, doubling its traded client volumes in Europe last year and seeing volumes worth €990bn compared to €486bn in 2013. Instinet saw growth in large, mid and small cap equity securities.