Vol 6 No 14
BRIEF OBJECTS
FTI, OMGEO, AFA
FTI ALLIES WITH M.A. PARTNERS
New York-based financial enterprise software vendor Financial Technologies International (FTI) has formed a partnership with m.a. partners, a London-based management consultancy, for consulting and systems integration expertise. The partnership is intended to create a "best of breed" partnership for the provision and delivery of streamlined processes and increased efficiencies for back-office operations. M.a partners and FTI are already working together on a number of requirement-definition projects with a variety of tier-one clients. M.a partners will work with FTI across its entire StreetEnterprise suite of solutions.
OMGEO REPORTS MATCHING CLIENT GROWTH
Omgeo, the global provider of trade matching services, has reported significant adoption of its US trade matching service. Omgeo Oasys-TradeMatch is a central matching service for domestic US securities, which Omgeo sees as a stepping stone to its global trade matching service, Omgeo Central Trade Manager (CTM). To encourage movement toward Omgeo CTM, its leading STP product, Omgeo has dropped all Oasys allocation service fees for those that adopt the enhanced TradeMatch confirmation-comparison service. The number of investment managers using the system has risen from 19, of whom 13 were live, in January 2002, to 81 managers today, with 47 of those live. By connecting to the system, users are able to match allocations to confirmations in real time.
AFA SYSTEMS SIGNS HVB UNIT
Trading systems vendor AFA Systems recently completed an installation of two positions of its DART+Exotics trading and risk management platform at Vereins-und-Westbank, part of the HypoVereinsbank Group. Vereins-und-Westbank is using DART+Exotics to replace existing tools, which offer limited flexibility, and to help overcome current user input issues. The new software will offer traders the ability to complete scenario analyses more quickly and allow users of the risk management element to more easily monitor the trading positions that the exotics traders have taken. DART+Exotics supports both exchange-traded and OTC global derivatives.
RANDOM WALK SETTLES MATTERS AT FXALL
Random Walk Computing disclosed last week that it worked with FXall to deliver a new Web-based user interface that allows clients to seamlessly process trades through FXall Settlement Center. FXall and Random Walk deployed Enterprise Java technology, including Servlet and JavaServer Pages (JSP), to provide a user interface to the trade-matching engine. The new interface requires no additional installation of software and allows all trades, whether executed over FXall or by phone, to be processed by Settlement Center. It also provides a single view of all FX trades executed by the client.
