01:54 PM
INVESTMENT-TECHNOLOGY NEWSFLASHES
American Century Investment Management, a Kansas City, Mo.-based buy-side firm with $83 billion in assets, has agreed to license Sentinel. The compliance application comes from LatentZero, a front-office systems vendor based in London. American Century, which has trading desks in Kansas City, New York and Mountainview, Calif., will use Sentinel as a pre- and post-trade compliance solution for domestic as well as international equities and fixed-income securities. The firm will also tap into LatentZero's Professional Services to help with the implementation of the solution. According to a statement from American Century's Keith Kinart, vice president of investment-management technology, the firm opted to LatentZero for the solution's robust functionality and technical architecture. In addition, Kinart says that the firm plans to use Sentinel's Web-based reporting functionality.
New York City-based Altair Investments NA, has opted to implement Indata I.M.S. for Windows. The solution, from San Diego-based Indata, will offer the start-up asset manager the ability to use one platform to perform portfolio modeling, pre-trade compliance, trading, custom reporting and customer-relationship management.
New Star Asset Management, a U.K.-based fund manager, has implemented the Web-based research and analytical application from New York City-based Thomson Financial, called Thomson One Analytics. New Star will use Thomson One Analytics as a real-time workflow system that monitors markets, portfolios and securities. In addition, the system offers features such as Excel add-in.