Breaking up is hard to do, but after 16 years of using a legacy order management system asset manager Tremblant Capital deployed LiquidityBook’s LBX buy-side portfolio, order, and execution management platform as well as connecting to the vendor’s LBX Connect FIX routing network earlier this year. “We conducted an intense search for a replacement OMS, […]

Talk is cheap when it comes to promoting diversity and inclusion, and the asset management industry struggles to take the sometimes uncomfortable steps to make real progress, industry executives say. “We all say we think diversity is a good thing, but I don’t know if we actually believe it,” said Lori Heinel, deputy global CIO […]

Welcome to the Forefront Week in Review, where we take another look at top recent stories from the action-packed world of trading and market structure. On Wednesday, we saw a historically bad performance from stock-picking hedge funds — according to a report from Goldman Sachs, a large group of “fundamental long-short equity hedge funds” dropped 1.44%, […]

Among this year’s crop of new iPhones, reviewers seem unanimous that less expensive is the better option. Fortunately for Apple Inc., cheaper can still be highly profitable. Apple introduced the iPhone XR last month alongside two other new iPhone models, but the company tried a new approach this year—it launched the more expensive of the new phones first. […]

Europe continues to offer alternative investment managers attractive fundraising opportunities. With the right partners, setting up and managing a European vehicle is more straightforward than it has been for many years. While asset managers today are launching alternative investment funds in the U.S. to take advantage of an investor community seeking greater diversification and higher […]

Distributing applications onto banks’ and buy-side firms’ desktops can be an incredibly painful exercise, says Mazy Dar, CEO, OpenFin, who notes that financial desktops haven’t changed much in more than 20 years. Speaking with TABB Group senior analyst Dayle Scher, Dar explains how OpenFin is working to change this paradigm, from its commitment to open […]

Templum Markets, LLC (“Templum Markets”), a wholly owned subsidiary of Templum Inc. and FINRA-registered broker dealer and alternative trading system (“ATS”), today announced the close of the Aspen Digital Inc. digital security offering. On October 10, 2018, Templum Markets successfully closed a digital security offering to recapitalize the iconic St. Regis Aspen Resort, resulting in what is believed […]

Welcome to the Forefront Week in Review, where we take another look at top recent stories from the action-packed world of trading and market structure. This week, we saw a story with major implications for the crypto world: Fidelity is launching a new business that will provide cryptocurrency custody and brokerage solutions for institutions. While the custody solutions will […]

TORA, provider of the industry’s most-advanced cloud-based order and execution management system (OEMS), today launched its TORA Rebalancing. This new solution is natively integrated within the TORA platform and helps asset managers reduce risk and improve workflow efficiencies around the portfolio rebalance process. TORA Rebalancing helps portfolio managers rebalance the allocation/weightings of a portfolio’s assets […]

LiquidityBook, a provider of buy and sell-side trading solutions, announced on Wednesday that Ryan Canfield has been appointed as Lead Product Analyst. Canfield, who has almost 20 years of experience working with technology, will be working on enhancing the firm’s existing products for clients. “More and more, clients are turning to next-generation systems like ours […]