The Tech Round Up

APAC Tech Round Up

ITG takes hedge fund platform to Asia Pacific

ITG, a leading execution broker and research provider has announced the launch of its comprehensive hedge fund platform for Asia Pacific.

The solution includes integrated execution, order and position management tools designed to improve operational efficiency and costs for hedge funds.

To support the offering, ITG has hired two experienced hedge fund platform specialists. Phil Chevalier joins ITG in Hong Kong. He previously worked at Advent Software and Eze Software, specializing in portfolio management and order management systems (OMS). Gaye Anable joins ITG’s Sydney office from Bloomberg, where she led the Australian OMS team. Both report into Simon Wade, ITG’s Asia Pacific Head of Sales.

Michael Corcoran, Joint CEO of ITG in Asia Pacific said: “ITG is well known as the leading provider of trading platforms for the long-only fund management community. We have used this expertise to integrate our Triton Black execution management system with ITG Position Manager, an order and position management system, and our global ITG Net FIX network. These products, used individually or in combination, help solve operational challenges which hedge funds face. As we go live with our first hedge fund clients in Asia this quarter, these hires demonstrate our commitment to delivering and supporting products that improve workflow for Asian and Australian hedge funds in a cost-effective manner”.

Tuxedo Money Appoints Regional Director For APAC

Tuxedo Money Solutions, the UK-headquartered international payments technology firm, has appointed Duncan Currie as Regional Director for Australia and Asia Pacific.

This role is another significant move in supporting the drive out of its international expansion. Based Melbourne, Victoria, Duncan’s role is to support Tuxedo’s international growth plans in the Asia Pacific region, a key market for prepaid and electronic payments.

This appointment represents the latest move in the aggressive international expansion strategy and comes hot on the heels of deals with GPS in the Middle East and i2C in the USA. With this appointment, Tuxedo will build on its presence in Australia following the launch of its payment platform in the region last year and its noted expertise in travel currency cards.

John Sharman CEO of Tuxedo Payment Solutions said: “Duncan is a strategic hire for the company and will bring his wealth of experience to help drive up the business in the region. Australia is a key market for the prepaid sector, particularly in the travel market, where according to a recent RFi study, a quarter of Australians who travel overseas use prepaid for their travel money.”

Cathay United Bank Adopts Numerix Treasurer

Numerix have announced a successful implementation of Numerix Treasurer by Cathay United Bank, one of the largest commercial banks in Taiwan. Driven by stronger corporate demand, the structured product market in Taiwan has grown significantly making Treasury Marketing Units (TMU) one of the most important departments within banks.

Numerix Treasurer is the innovative solution which has been designed particularly for TMU.

“Our objectives are to streamline sales’ administrative services and provide proactive strategies for our customers. We believe this progress will continue to help expand our market share in Taiwan and other regions,” said Tony Kao, Senior Vice President of Financial Marketing Department of Cathay United Bank. “Risk management is also a key issue to address in today’s marketplace.

NRI introduces Data Management Framework For Japanese FIs

Nomura Research Institute (NRI), a leading provider of consulting services and system solutions, today announced the introduction of a data management framework for Japanese financial institutions in collaboration with the US-based Enterprise Data Management Council’s Data Management Capability Assessment Model (DCAM).

The goal of NRI’s progressive framework is to implement the DCAM’s standards among Japanese financial institutions as they prepare for the Basel Committee on Banking Supervision’s BCBS239 regulations.

The DCAM is designed to assist financial institutions in complying with stricter requirements on data management capability and to provide risk management professionals with a practical capabilities-based assessment model. NRI is the first and currently only authorized Japanese partner of the advisory group, EDM Council, which serves data management experts at financial institutions and US federal agencies. The EDM Council is comprised of experienced chief data officers from financial institutions, as well as data management professionals.






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