Showing posts with label Capital Markets. Show all posts
Showing posts with label Capital Markets. Show all posts
Sunday, 2 November 2008
TABB Group
TABB Group is a financial markets' research and strategic advisory firm focused exclusively on capital markets. Founded in 2003 and based on the methodology of "first-person knowledge," TABB Group analyzes and quantifies the investing value chain from the fiduciary, investment manager, broker, exchange and custodian.
Friday, 3 October 2008
Knight Capital Group
Knight Capital Group, Inc. (NASDAQ:NITE) is a leading financial services firm that provides electronic and voice access to the capital markets across multiple asset classes for buy-side, sell-side and corporate clients. In Global Markets, we provide market access and trade execution services in nearly every U.S. equity security and a large number of international securities, futures, options, foreign exchange and fixed income. In Asset Management, Knight owns a 51 percent stake in Deephaven Holdings with Deephaven Partners controlling the remaining 49 percent as of February 1, 2008. Deephaven (www.deephavenfunds.com) is a global, multi-strategy alternative investment manager serving institutions and private clients. More information about Knight can be found at www.knight.com.
Friday, 12 September 2008
National City at RBC Capital
Robert Rowe, Chief Credit Officer of National City Corporation (NYSE:NCC) , will participate at the RBC Capital Markets Financial Institutions Conference on September 16, 2008 at 8:30 a.m. (Eastern Time). Mr. Rowe will join a panel discussion titled "Bank Credit: When Will Nonperforming Assets Peak?"
Interested individuals may access the live audio Web cast by visiting the National City Web site at www.NationalCity.com/investorrelations .
A replay of the presentation will be available on the Corporation's Web site following the live event and remain on the site for 30 days.
Interested individuals may access the live audio Web cast by visiting the National City Web site at www.NationalCity.com/investorrelations .
A replay of the presentation will be available on the Corporation's Web site following the live event and remain on the site for 30 days.
Wednesday, 10 September 2008
Calypso Technology Launches SaaS
Calypso Technology Inc, a software provider of an integrated trading application suite to the capital markets industry, today announced the launch of its SaaS (Software as a Service) offering. Calypso SaaS provides a powerful enterprise trading and risk management application for treasury and capital markets in a managed, outsourced environment. The solution will address the needs of the increasing number of financial institutions which are focusing solely on their core business by outsourcing the management of applications and infrastructure, as well as support of their technology platforms.
For trading businesses, Calypso SaaS offers the power and sophistication of the Calypso Trading and Risk Management Platform in an environment which dramatically improves time-to-market while reducing IT and infrastructure costs. It Calypso SaaS is especially beneficial for customers seeking to achieve rapid expansion into new geographies or business areas with minimal capital outlay. Built and managed by a dedicated team of product and technical specialists, Calypso SaaS allows the deployment of the full range of modules that comprise Calypso's front-to-back, fully integrated cross-asset trading software application suite. In addition, the SaaS solution is designed for ease of deployment and maintenance, available with built-in interfaces to market standard feeds and post-trade processing services. The hosted solution also benefits users with managed upgrades, ensuring that clients always have the latest product innovations at their fingertips.
Charles Marston, Chairman and CEO of Calypso Technology, Inc, says: "While many of our clients prefer to run their technology in-house, an increasing number of prospects and clients have expressed interest in an outsourced approach. We have addressed this challenge by developing Calypso SaaS, which essentially provides firms with all the benefits of an enterprise system - a comprehensive suite of cutting-edge trading applications - without any of the traditional infrastructure investment costs and lead times. The initial response from clients has been extremely positive, with the first users already coming onboard."
Highlights of Calypso SaaS include:
- On-demand service: Calypso SaaS customers can choose the type of service they want.
- Fast time-to-market: Calypso SaaS leverages Calypso Fast-Track for implementation and leverages the knowledge and lessons learned from over 90 clients.
- Real-time position management: Customers benefit from user-defined views of real-time positions and P&L.
- Consolidated risk management: Customers receive real-time and consolidated views on their risk exposures across asset classes.
- Secure and robust platform - Calypso SaaS provides an industrial-strength secure data center.
"Calypso is dedicating extensive resources to the SaaS offering and we are excited to be meeting diverse market requirements with an alternative delivery model of our robust and sophisticated, front-to-back, cross-asset solution," continued Mr. Marston. "Already, Calypso SaaS is generating a great deal of interest from new business initiatives looking to capitalize on dislocations within the current credit environment where time-to-market is critical."
The Calypso Trading and Risk Management platform is used by a wide range of financial institutions including global banks, regional banks, asset managers, insurance companies and hedge funds.
For trading businesses, Calypso SaaS offers the power and sophistication of the Calypso Trading and Risk Management Platform in an environment which dramatically improves time-to-market while reducing IT and infrastructure costs. It Calypso SaaS is especially beneficial for customers seeking to achieve rapid expansion into new geographies or business areas with minimal capital outlay. Built and managed by a dedicated team of product and technical specialists, Calypso SaaS allows the deployment of the full range of modules that comprise Calypso's front-to-back, fully integrated cross-asset trading software application suite. In addition, the SaaS solution is designed for ease of deployment and maintenance, available with built-in interfaces to market standard feeds and post-trade processing services. The hosted solution also benefits users with managed upgrades, ensuring that clients always have the latest product innovations at their fingertips.
Charles Marston, Chairman and CEO of Calypso Technology, Inc, says: "While many of our clients prefer to run their technology in-house, an increasing number of prospects and clients have expressed interest in an outsourced approach. We have addressed this challenge by developing Calypso SaaS, which essentially provides firms with all the benefits of an enterprise system - a comprehensive suite of cutting-edge trading applications - without any of the traditional infrastructure investment costs and lead times. The initial response from clients has been extremely positive, with the first users already coming onboard."
Highlights of Calypso SaaS include:
- On-demand service: Calypso SaaS customers can choose the type of service they want.
- Fast time-to-market: Calypso SaaS leverages Calypso Fast-Track for implementation and leverages the knowledge and lessons learned from over 90 clients.
- Real-time position management: Customers benefit from user-defined views of real-time positions and P&L.
- Consolidated risk management: Customers receive real-time and consolidated views on their risk exposures across asset classes.
- Secure and robust platform - Calypso SaaS provides an industrial-strength secure data center.
"Calypso is dedicating extensive resources to the SaaS offering and we are excited to be meeting diverse market requirements with an alternative delivery model of our robust and sophisticated, front-to-back, cross-asset solution," continued Mr. Marston. "Already, Calypso SaaS is generating a great deal of interest from new business initiatives looking to capitalize on dislocations within the current credit environment where time-to-market is critical."
The Calypso Trading and Risk Management platform is used by a wide range of financial institutions including global banks, regional banks, asset managers, insurance companies and hedge funds.
Tuesday, 9 September 2008
Trading Metrics
Trading Metrics (TM) Inc. is a privately held company with venture-backed funding from VantagePoint Partners. The company was founded to help brokers build and deploy latency tracking systems. In 2007, Trading Metrics accepted venture funding to expand its offerings and to address the requirements of the Capital Market sector for a software platform that is quickly deployed, easily expandable and globally available. In 2008, Trading Metrics launched two products: Trading Latency Metrics (TM) to track the speed of trade handling and executions, and Market Latency Metrics(TM) to detect latency in Market Data and data distribution systems. Market Latency Metrics is resold worldwide by Reuters(TM) who markets the solution as Reuters Latency Monitor.
Monday, 8 September 2008
Capital Markets Turbulence Puts Premium on Corporate Strategy
During the past five years, companies have enjoyed robust average annual returns in global capital markets, according to a new report by The Boston Consulting Group (BCG). But in order to continue that performance in today's much tougher economic environment, they will need to redesign their corporate-strategy process to focus more explicitly on value creation.
This conclusion is the core finding of Missing Link: Focusing Corporate Strategy on Value Creation, the tenth annual report in BCG's Value Creators series. The series, which began in 1999, shares BCG's insights about value creation with the firm's clients and the broader corporate community.
Starting from a database of more than 5,000 global companies, this year's report presents detailed analyses of total shareholder return (TSR) at 644 companies across 14 major industries for the five-year period from 2003 through 2007. It also identifies the top ten value creators worldwide and in each of the industries studied. Among the key findings:
-- The average annual return for the 2003-2007 period was an extremely healthy 17.1 percent. This return reflects the strong rebound of the global economy after the bursting of the late-1990s financial bubble and the 2001 recession. Given the recent downturn in global capital markets, however, future TSR is unlikely to be so robust. Most of the top ten companies in each industry had negative -- and often substantially negative -- TSR for the first half of 2008.
-- The arrival of companies from rapidly developing economies (RDEs) on the global value-creation stage has been dramatic in recent years. Fully half of the companies in the global top ten come from either China or India. By contrast, only one is from the United States. And the sole European representative, the global steel company ArcelorMittal (based in the Netherlands), is the product of India steelmaker Mittal's 2006 acquisition of the European steel company Arcelor. RDE-based companies are present in many of the individual industry top-ten lists as well.
-- The most successful industries were traditional old-economy sectors such as mining and materials, machinery and construction, and chemicals, in large part reflecting the recent boom in commodity prices. The worst-performing industries were previously highflying sectors such as media and publishing, and pharmaceuticals and medical technology, which are suffering from severe declines in company valuation multiples.
-- In every industry, however, the top ten companies not only substantially outperformed their industry average but also beat the overall sample average -- by at least eight percentage points of TSR.
"The lesson for executives is clear," said coauthor Frank Plaschke, a partner in BCG's Munich office. "Coming from a sector with below-average market performance is no excuse. No matter how bad an industry's average performance is relative to other sectors and to the market as a whole, it is still possible for companies in that industry to deliver superior shareholder returns."
Redefining Corporate Strategy
The key to generating superior shareholder value in the future, according to the report, is to repair what it describes as a "pervasive disconnect" between corporate strategy and value creation at many companies.
"Corporate strategy and value creation exist in a symbiotic relationship," said coauthor Daniel Stelter, a senior partner in BCG's Berlin office and global leader of the firm's Corporate Development practice. "And yet the necessary connection between the two is a critical missing link in many companies' corporate-strategy process. Establishing that link doesn't necessarily mean privileging shareholder value creation over all other strategic goals -- let alone always maximizing shareholder value in the short term. But it does mean understanding how a company's strategy actually generates value and how capital markets monetize it."
The report introduces a broader and more comprehensive approach to corporate strategy than companies typically employ today. In particular, it supplements the traditional focus on business strategy with a new strategic focus on a company's financial policies and its investors' priorities and goals.
w"Business strategy, financial strategy, and investor strategy ought to be three equal parts of a company's corporate strategy and should be addressed in a holistic fashion," said coauthor Eric Olsen, a senior partner in BCG's Chicago office. "An integrated approach is necessary because decisions in each of these areas can have a positive -- or negative -- impact on the others."
This conclusion is the core finding of Missing Link: Focusing Corporate Strategy on Value Creation, the tenth annual report in BCG's Value Creators series. The series, which began in 1999, shares BCG's insights about value creation with the firm's clients and the broader corporate community.
Starting from a database of more than 5,000 global companies, this year's report presents detailed analyses of total shareholder return (TSR) at 644 companies across 14 major industries for the five-year period from 2003 through 2007. It also identifies the top ten value creators worldwide and in each of the industries studied. Among the key findings:
-- The average annual return for the 2003-2007 period was an extremely healthy 17.1 percent. This return reflects the strong rebound of the global economy after the bursting of the late-1990s financial bubble and the 2001 recession. Given the recent downturn in global capital markets, however, future TSR is unlikely to be so robust. Most of the top ten companies in each industry had negative -- and often substantially negative -- TSR for the first half of 2008.
-- The arrival of companies from rapidly developing economies (RDEs) on the global value-creation stage has been dramatic in recent years. Fully half of the companies in the global top ten come from either China or India. By contrast, only one is from the United States. And the sole European representative, the global steel company ArcelorMittal (based in the Netherlands), is the product of India steelmaker Mittal's 2006 acquisition of the European steel company Arcelor. RDE-based companies are present in many of the individual industry top-ten lists as well.
-- The most successful industries were traditional old-economy sectors such as mining and materials, machinery and construction, and chemicals, in large part reflecting the recent boom in commodity prices. The worst-performing industries were previously highflying sectors such as media and publishing, and pharmaceuticals and medical technology, which are suffering from severe declines in company valuation multiples.
-- In every industry, however, the top ten companies not only substantially outperformed their industry average but also beat the overall sample average -- by at least eight percentage points of TSR.
"The lesson for executives is clear," said coauthor Frank Plaschke, a partner in BCG's Munich office. "Coming from a sector with below-average market performance is no excuse. No matter how bad an industry's average performance is relative to other sectors and to the market as a whole, it is still possible for companies in that industry to deliver superior shareholder returns."
Redefining Corporate Strategy
The key to generating superior shareholder value in the future, according to the report, is to repair what it describes as a "pervasive disconnect" between corporate strategy and value creation at many companies.
"Corporate strategy and value creation exist in a symbiotic relationship," said coauthor Daniel Stelter, a senior partner in BCG's Berlin office and global leader of the firm's Corporate Development practice. "And yet the necessary connection between the two is a critical missing link in many companies' corporate-strategy process. Establishing that link doesn't necessarily mean privileging shareholder value creation over all other strategic goals -- let alone always maximizing shareholder value in the short term. But it does mean understanding how a company's strategy actually generates value and how capital markets monetize it."
The report introduces a broader and more comprehensive approach to corporate strategy than companies typically employ today. In particular, it supplements the traditional focus on business strategy with a new strategic focus on a company's financial policies and its investors' priorities and goals.
w"Business strategy, financial strategy, and investor strategy ought to be three equal parts of a company's corporate strategy and should be addressed in a holistic fashion," said coauthor Eric Olsen, a senior partner in BCG's Chicago office. "An integrated approach is necessary because decisions in each of these areas can have a positive -- or negative -- impact on the others."
Thursday, 4 September 2008
RBC Capital Markets
RBC Capital Markets is the corporate and investment banking arm of RBC and is active globally in debt origination, sales and trading, foreign exchange, infrastructure finance, structured products, metals and mining, and energy. Its North American platform includes a significant U.S. middle market investment banking franchise and leading equity, underwriting, sales, trading and research businesses. Bloomberg ranks the firm as the 12th largest investment bank globally.
Wednesday, 3 September 2008
FBR Capital Markets Corporation Appointments
FBR Capital Markets Corporation (NASDAQ:FBCM) (FBR Capital Markets), a leading investment bank serving the middle market, announced today that its new Convertible Securities unit has commenced trading convertible and equity-linked securities. The firm also announced the addition of Robert Meringolo and Thomas Sugiura as Managing Directors, Adam Wachter and John Wright as Senior Vice Presidents, and Charles Ng and Ronald K. Schulhof as Vice Presidents on the Convertible Securities Sales & Trading team. They will report to Michael Lloyd, Senior Managing Director and Head of Convertible Securities in Sales & Trading, who co-heads the unit with Paul S. Rosica, Senior Managing Director and Head of Equity- Linked Securities in Investment Banking.
"Today we officially launched our Convertible Securities platform and have begun trading equity-linked securities," said Richard J. Hendrix, President and Chief Operating Officer of FBR Capital Markets. "The addition of the Convertible Securities unit to our equity capital markets franchise is an important step in the evolution and growth of FBR Capital Markets. This new business will provide clients access to additional capital options and will complement our existing business lines."
Mr. Sugiura also joins FBR Capital Markets from Bear Stearns where he, too, served as a Senior Managing Director on its Convertible Securities trading team. During his time at Bear Stearns, Mr. Sugiura made markets in a variety of convertible instruments and managed a structured convertible book which included client-facing synthetic convertible issuance. He holds a Bachelor of Arts from Harvard University in English and American literature and language and received an MBA from the Yale School of Management.
Mr. Wachter joins the FBR Capital Markets Convertible Securities unit most recently from Morgan Stanley, where he spent seven years in various senior trading positions in both customer- facing and principal businesses. Prior to Morgan Stanley, he was a convertible trader at Kennilworth Partners, an equity-linked hedge fund. Mr. Wachter received a Bachelor of Arts in finance from The George Washington University and an MBA from the Fordham University Graduate School of Business Administration.
"Today we officially launched our Convertible Securities platform and have begun trading equity-linked securities," said Richard J. Hendrix, President and Chief Operating Officer of FBR Capital Markets. "The addition of the Convertible Securities unit to our equity capital markets franchise is an important step in the evolution and growth of FBR Capital Markets. This new business will provide clients access to additional capital options and will complement our existing business lines."
Mr. Sugiura also joins FBR Capital Markets from Bear Stearns where he, too, served as a Senior Managing Director on its Convertible Securities trading team. During his time at Bear Stearns, Mr. Sugiura made markets in a variety of convertible instruments and managed a structured convertible book which included client-facing synthetic convertible issuance. He holds a Bachelor of Arts from Harvard University in English and American literature and language and received an MBA from the Yale School of Management.
Mr. Wachter joins the FBR Capital Markets Convertible Securities unit most recently from Morgan Stanley, where he spent seven years in various senior trading positions in both customer- facing and principal businesses. Prior to Morgan Stanley, he was a convertible trader at Kennilworth Partners, an equity-linked hedge fund. Mr. Wachter received a Bachelor of Arts in finance from The George Washington University and an MBA from the Fordham University Graduate School of Business Administration.
Tuesday, 2 September 2008
Neonet to Provide Access to NASDAQ OMX
Neonet, is to offer access to the new alternative market NASDAQ OMX Europe upon its target launch in September.
"As the global capital markets continue to evolve, you can be confident in Neonet to offer trading at the most competitive and liquid marketplaces. Neonet blends the order books of traditional exchanges and alternative marketplaces into a river of liquidity to ensure that transactions are made at the best possible price across multiple markets. We are thrilled to extend our relations with NASDAQ OMX as they launch an alternative market in Europe," states Simon Nathanson, CEO and President of Neonet.
"As the global capital markets continue to evolve, you can be confident in Neonet to offer trading at the most competitive and liquid marketplaces. Neonet blends the order books of traditional exchanges and alternative marketplaces into a river of liquidity to ensure that transactions are made at the best possible price across multiple markets. We are thrilled to extend our relations with NASDAQ OMX as they launch an alternative market in Europe," states Simon Nathanson, CEO and President of Neonet.
Friday, 28 March 2008
Quod ASOR Extended
Quod Financial, the leading provider of advanced execution technology for the global capital markets, today unveiled its solution for buy-side execution management. Capitalising on the experience and innovative technology of their established sell-side Advanced Smart-Order Router (Quod ASOR), Quod Financial empowers the buy-side by offering a new decision making and order routing technology.
As the European capital markets continue to change dramatically under MiFID, buy-side institutions aim to repatriate in-house the execution intelligence of the sell-side. This translates into having the technology which enables the buy-side to:
- Decide on the execution brokers based on dynamic analysis of quality and performance
- Dynamically decide on the type and quality of broker-based algorithms
- Build a smart-order routing capability to select the final exchanges, MTFs and dark pools. With the advent of liquidity decentralisation and the obsolescence of DMA, this is an increasingly necessary tool
Quod Financial's buy-side ASOR leverages its existing sell-side class technology and algorithms, and brings a new level of dynamic decision making and routing capability to the buy-side community. In addition, it provides the possibility to have a comprehensive multi-asset execution strategy which mirrors the cross-asset investment strategy.
"This is the next step in the evolution of the European capital markets," states Ali Pichvai, CEO and co-founder of Quod Financial.
"Having successfully gained momentum in the post-MiFID sell-side advanced smart order routing space, we have been invited by leading buy-side institutions to reutilise our technology to meet a number of challenges; implementing their complex execution strategies, proactively measuring the quality and performance of their brokers and their algorithms, as well as addressing liquidity fragmentation. We are confident we can meet this challenge, assisting our clients in gaining full independence."
Built on a low latency, high performance infrastructure, Quod ASOR's combination of algorithms and trading-specific Complex Event Processing (CEP) dynamically adjusts the execution pattern of an order against the client's individual best execution criteria. The ASOR is uniquely positioned to provide adaptive decision making and routing, and liquidity management. Quod ASOR is already live and proven with a number of leading international brokers, and is one of a number of advanced execution modules built upon the Quod Advanced Execution platform.
"Our underlying technologies have enabled us to create a smart-order router that is not only well adapted for the sell-side, but is now a viable solution for the buy-side. Our R&D effort continues to position us at the forefront of innovation in this fast-moving field", concludes Pichvai.
As the European capital markets continue to change dramatically under MiFID, buy-side institutions aim to repatriate in-house the execution intelligence of the sell-side. This translates into having the technology which enables the buy-side to:
- Decide on the execution brokers based on dynamic analysis of quality and performance
- Dynamically decide on the type and quality of broker-based algorithms
- Build a smart-order routing capability to select the final exchanges, MTFs and dark pools. With the advent of liquidity decentralisation and the obsolescence of DMA, this is an increasingly necessary tool
Quod Financial's buy-side ASOR leverages its existing sell-side class technology and algorithms, and brings a new level of dynamic decision making and routing capability to the buy-side community. In addition, it provides the possibility to have a comprehensive multi-asset execution strategy which mirrors the cross-asset investment strategy.
"This is the next step in the evolution of the European capital markets," states Ali Pichvai, CEO and co-founder of Quod Financial.
"Having successfully gained momentum in the post-MiFID sell-side advanced smart order routing space, we have been invited by leading buy-side institutions to reutilise our technology to meet a number of challenges; implementing their complex execution strategies, proactively measuring the quality and performance of their brokers and their algorithms, as well as addressing liquidity fragmentation. We are confident we can meet this challenge, assisting our clients in gaining full independence."
Built on a low latency, high performance infrastructure, Quod ASOR's combination of algorithms and trading-specific Complex Event Processing (CEP) dynamically adjusts the execution pattern of an order against the client's individual best execution criteria. The ASOR is uniquely positioned to provide adaptive decision making and routing, and liquidity management. Quod ASOR is already live and proven with a number of leading international brokers, and is one of a number of advanced execution modules built upon the Quod Advanced Execution platform.
"Our underlying technologies have enabled us to create a smart-order router that is not only well adapted for the sell-side, but is now a viable solution for the buy-side. Our R&D effort continues to position us at the forefront of innovation in this fast-moving field", concludes Pichvai.
Tuesday, 29 January 2008
BlueBay Implements Misys Lending
BlueBay Asset Management plc, a manager of fixed income credit funds and products in Europe, has enhanced its loan market operations with a best of breed commercial lending system from Misys (FTSE: MSY.L), the global software and solutions company.
The full implementation of Misys Loan IQ software has been completed at the firm's headquarters in London, enhancing back office performance and meeting the needs of the buy-side firm's rapidly expanding loan book. Furthermore, Misys has worked with BlueBay to replace manual processes and boost automation within its loans operations. The new solution has been integrated with SunGard's specialist investment accounting package, Invest 1, in the front office so that each loan related event which is captured into Loan IQ is reflected in the books and records of the portfolio accounting system.
Misys Loan IQ is a comprehensive lending solution that covers the entire lifecycle of a loan - from origination and deal tracking to administration and record maintenance. BlueBay will utilise Misys Loan IQ's proven modules for agency servicing and portfolio management among others to realise processing efficiencies in the back office and increase its presence in the primary loan market.
Simon Lumsdon, Head of IT at BlueBay, comments: "The implementation of Loan IQ fulfills our need for a system based solution that allows us to grow our loans business in a scalable and controlled manner. Loan IQ has been integrated into our systems architecture using a real time event based messaging solution that fully reflects the loans into our portfolio accounting system without manual duplication. This has allowed us to fully integrate management of the loan product together with the wide range of asset classes that we trade in, something which provides control and scalability to the operational management of this product.
"The speed at which Misys Loan IQ has been deployed also means we have been able to quickly develop our services whilst keeping the highest standards in compliance and reporting. Misys has shown commitment to working with us during this complex integration project."
Bluebay's adoption of Misys Loan IQ represents Misys' continuing expansion into the buy side.
Keith Stonell, MD EMEA, Misys Treasury & Capital Markets comments: "Expanding markets and changing legislation have encouraged the provision of larger loans, increasing levels of syndication and multi-currency requirements. There has been a noticeable increase in hedge funds getting into lending markets, and buying the loan books of sell-side institutions and we are leveraging our experience in the sell-side to serve buy side firms with increasingly sophisticated needs."
The full implementation of Misys Loan IQ software has been completed at the firm's headquarters in London, enhancing back office performance and meeting the needs of the buy-side firm's rapidly expanding loan book. Furthermore, Misys has worked with BlueBay to replace manual processes and boost automation within its loans operations. The new solution has been integrated with SunGard's specialist investment accounting package, Invest 1, in the front office so that each loan related event which is captured into Loan IQ is reflected in the books and records of the portfolio accounting system.
Misys Loan IQ is a comprehensive lending solution that covers the entire lifecycle of a loan - from origination and deal tracking to administration and record maintenance. BlueBay will utilise Misys Loan IQ's proven modules for agency servicing and portfolio management among others to realise processing efficiencies in the back office and increase its presence in the primary loan market.
Simon Lumsdon, Head of IT at BlueBay, comments: "The implementation of Loan IQ fulfills our need for a system based solution that allows us to grow our loans business in a scalable and controlled manner. Loan IQ has been integrated into our systems architecture using a real time event based messaging solution that fully reflects the loans into our portfolio accounting system without manual duplication. This has allowed us to fully integrate management of the loan product together with the wide range of asset classes that we trade in, something which provides control and scalability to the operational management of this product.
"The speed at which Misys Loan IQ has been deployed also means we have been able to quickly develop our services whilst keeping the highest standards in compliance and reporting. Misys has shown commitment to working with us during this complex integration project."
Bluebay's adoption of Misys Loan IQ represents Misys' continuing expansion into the buy side.
Keith Stonell, MD EMEA, Misys Treasury & Capital Markets comments: "Expanding markets and changing legislation have encouraged the provision of larger loans, increasing levels of syndication and multi-currency requirements. There has been a noticeable increase in hedge funds getting into lending markets, and buying the loan books of sell-side institutions and we are leveraging our experience in the sell-side to serve buy side firms with increasingly sophisticated needs."
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