Fidessa group plc (LSE: FDSA) has been judged Best Execution Management System at the Financial News Awards for Excellence in Trading & Technology. Presented at a gala dinner in London on Wednesday, the award is testament to Fidessa's ongoing programme of development of its Investment Management System (IMS).
A key part of Fidessa IMS – an integrated workflow platform covering the entire investment lifecycle – the firm's multi-asset Execution Management System gives asset managers total control of the execution process and provides connectivity to more than 800 brokers, broker algorithms and global cross-asset DMA destinations.
Commenting on the win, Richard Hooke, Buy-side Product Director at Fidessa, said: "We’ve worked extremely hard and invested heavily to ensure that our solutions continue to meet the needs of market participants. With a customer base that spans a wide range of firms, from large institutional managers to boutique hedge funds, we deliver the reliability and functionality that they require in today's complex and cost-conscious marketplace. This award is testament to that and we're delighted to have been recognised by the industry in this way."
Fidessa IMS provides the buy-side community with sophisticated portfolio management, real-time position management, compliance, order management, routing and execution capabilities. Delivered via a unique combination of software and managed services, it provides an optimised cost-of-ownership model.
The Financial News Awards for Excellence in Trading & Technology are independent and fee-free, drawing on anecdotal information from analysts, sell-side and buy-side firms, exchanges, clearing houses and industry experts, as well as empirical data, to draw up a shortlist. An independent panel of more than 50 judges comprising established industry veterans and experts votes on this shortlist.

Lombard Risk Management plc, a leading provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, announced its latest release of COLLINE—the company’s award-winning collateral management, clearing, inventory management and optimisation solution.

Lombard Risk’s COLLINE enables firms to move away from managing collateral in business silos by supporting multiple business lines on a single platform therefore enabling firms to significantly better manage their collateral inventory and optimise to ensure the best use of it—addressing the issues of limited liquidity and lower capital charges.  COLLINE version 13 enhancements and new functionality includes:

• Regulatory Enhancements – supporting clients in meeting their IOSCO and Basel III regulatory commitments.
• User-definable Optimisation Rule Builder – used to create and combine optimisation rules for flexible scenario analysis and optimum allocation of collateral.
• Configurable Inventory Manager - providing real-time scenario analysis across financial products and business lines in order to best manage collateral inventory on a firm-wide basis.
• Enhanced Collateral Substitution Workflow - automating complex, time-consuming manual processes related to substitutions enabling managers to deal with high volumes more efficiently.

“There are many regulatory issues such as Dodd-Frank/EMIR, IOSCO and Basel III that firms need to adhere to and COLLINE is constantly being enhanced to meet both market and regulatory requirements,” commented John Wisbey, Chief Executive Officer, Lombard Risk.  “Thanks to the experience of our dedicated collateral team and the detailed insight provided by our clients we aim to ensure that COLLINE remains the system-of-choice for firms to manage all aspects of their collateral efficiently.”

 “It is Lombard Risk’s strategy to provide clients with one solution that combines multiple  aspects of optimisation—trade, inventory and collateral—on a single platform,” commentedHelen Nicol, Product Director, COLLINE, Lombard Risk.  “COLLINE’S strengths in collateral optimisation focuses on its flexible and configurable rule builder offering several algorithms, which in turn drives the allocation process according to the rules selected.  The ‘what if’ functionality provides pre-trade and impact analysis for front office decision making.”

COLLINE® – collateral management, clearing, inventory management and optimisation.
Designed by experienced business practitioners for consolidated end-to-end, cross-product collateral management, clearing, inventory aggregation and optimisation.

Broadridge Financial Solutions, Inc. (NYSE:BR) has revealed a significant increase in demand for its revenue and expense management offerings, as financial services firms continue to face stringent regulatory and compliance requirements and a growing need for transparency in the industry.

Broadridge has continued to strengthen its solutions offering since it acquired Bonaire Software Solutions in July 2013. By enhancing product development, the firm has brought a more robust product set to market that addresses strategic business challenges in fee management across the financial services industry. Broadridge’s fully integrated revenue and expense management offering provides industry-leading solutions for fee and expense management through in-house installation, SaaS and Business Process Outsourcing. In the past year, Broadridge has added more than 20 new clients, and has seen continued traction in its SaaS offering.

“The heightened scrutiny around fee arrangements drove a strong year of growth for our revenue and expense management solutions, including the addition of more than 20 new clients,” said Christopher John, President, Revenue & Expense Management, Mutual Fund & Retirement Solutions, Broadridge. “Mutual funds and asset managers are demanding innovative solutions that provide transparency and create accurate forecasting, ROI analysis and defined processes for managing and auditing fee arrangements. We remain focused on continuing to enhance our offering of technology driven solutions that empower our clients to manage the wide ranging fee arrangements in place today and drive business.”

With the integration of the Bonaire solutions offering complete, Bonaire’s team of experts in the revenue and expense management space are now fully operating as part of Broadridge’s Mutual Fund & Retirement Solutions Group under the Broadridge Financial Solutions name.

“To succeed in this current environment, financial firms need to differentiate themselves, grow assets and meet their compliance mandates. We continue to strengthen the value we bring to our clients by investing in our mutual fund and retirement solutions business and end-to-end product offerings.  With a robust set of innovative solutions, we are well positioned to help mutual funds, asset managers, retirement providers, distributors, and investors succeed in today’s marketplace,” said Gerard Scavelli, President, Mutual Fund & Retirement Solutions, Broadridge.

Lombard Risk Management plc (LSE:LRM), a leading global provider of collateral management, liquidity and regulatory reporting and compliance solutions for the financial services industry, has announced its interim results for the six months ended 30^th September 2014.

Highlights

·      Revenue of £9.3m (2013: £7.3m) up 27.7%, supported by an order book of contracted revenue at £5.1m (2013: £5.4m).

·      121 COREP contracts now signed with 62 being for new names.

·      EBITDA of £0.8m (2013 restated: loss of £0.02m) following revenue growth partially offset by increased staffing levels to deliver additional contracts.

·      Profit before tax of £0.01m (2013 restated loss: £0.5m).

·      Cash at period end of £2.2m (2013: £1.8m) with reduction in debt to £0.3m (2013: £1.0m).

·      Continued investment in European Banking Authority regulatory initiatives including COREP and FINREP, the COLLINE® Optimisation module, and the next generation of REPORTER.

·      Interim dividend of 0.035p (2013: 0.030p) per Ordinary Share.

Chief Executive Officer, John Wisbey, commented on the results:

“The Company achieved a record first half revenue of £9.3 million, up 27.7% on the previous year, and as we again expect our revenues to be weighted towards the second half, this bodes well for our full year performance. The revenue rise was driven, in part, by our regulatory programme for the European Banking Authority’s COREP exceeding management expectations, with 121 clients now signed up for COREP, but we also signed some useful deals for COLLINE® our collateral management platform.”

“The outlook for revenue growth remains promising, with market and regulatory environments continuing to favour the Company’s product positioning in regulation, compliance and risk management despite a tough budgetary environment in the financial sector. In addition, the investment we have made in the last year can be expected to stand us in good stead in the years to come.”