BidFX, a cloud-based provider of electronic foreign exchange (FX) trading solutions, has released a major upgrade to its mobile app to meet growing demand from market participants to securely manage and trade their spot FX, forward and NDF positions when working remotely.
Technology & software solutions
Backstop Solutions Group, provider of a cloud-based productivity suite for institutional investors, has launched IntellX Transactions, the newest solution built within the IntellX platform.
SimCorp’s full remote delivery successfully completes client implementations worldwide during lockdown
SimCorp, a provider of integrated, front-to-back, multi-asset investment management solutions and services to the world’s largest buy-side institutions, has announced the successful go-live of several clients worldwide, completed with SimCorp’s full remote implementation delivery during the Covid-19 lockdown.
As the demand for Collective Investment Trusts (CITs) in Defined Contribution (DC) plans gains momentum, asset managers must build a comprehensive strategy for CIT share class creation and pricing that helps them capitalize on the opportunity without further eroding profitability.
According to the Investment Company Institute (ICI), employer-sponsored retirement plans held assets totalling USD27.1 trillion at the end of 2018, up 12.9 per cent from year-end 2015. Of that, employer-sponsored defined contribution (DC) plans accounted for USD7.5 trillion, of which collective investment trusts (CITs) are estimated to account for 25 per cent by the end of 2020, up from 14 per cent in 2013.
In today’s environment, persistent pricing pressure, the demand of custom investment products and the rise of “institutional-style” investing across defined contribution (DC) plan segments are all contributing to the continued growth of collective investment trusts (CITs).
BNP Paribas Securities services employs Natural Language Generation to enhance global custody experience
BNP Paribas Securities Services, a global custodian with USD10.6 trillion in assets under custody, is using Natural Language Generation to help its global custody clients enhance monitoring and oversight of their operations.
DiligenceVault has reached a milestone, with over 12,000 users on its platform ecosystem, which helps asset managers and investors digitise and automate information exchange workflows to improve diligence experiences.
eFX trading solutions provider, Celer Technologies, has integrated into its price distribution and order management platform, the Direct API from CMC Markets Institutional, a firm that provides liquidity and white label trading solutions.
Swedish public pension fund Första AP-fonden (AP1) will adopt asset manager monitoring capabilities from eVestment, an institutional investment data and analytics firm.