TRADE ORDER MANAGEMENT
Hill Samuel Asset Management, a subsidiary of Lloyds TSB, has signed on for the MacGregor Group's MFTP trade order management system, CompALERT, its pre-trade compliance module, and the Advanced Fixed Interest module. Fund managers at Hill Samuel will used the system to input deal instructions which will be compliance checked and electronically routed to the central dealing desk where executions and allocations are specified. The firm will implement MFTP for 70-users in its Pan European equity fund management, dealing and mid-office areas. After its Y2k system implementation freeze passes later this year, Hill Samuel plans to roll the system out to additional desks in their London office at the beginning of 2000 to support its U.S., Far East and Fixed Income operations.
Global Investment Systems (GIS), a provider of investment industry software, has launched MFACT 5.0, the newest release of its fund accounting software. Version 5.0 includes a new compliance module that allows clients to create and perform customized queries against fund data. MFACT 5.0 also employs a portfolio data extraction tool for users to gather system calculated data values from a portfolio's current open positions and taxlot records.
The Institute for International Research is holding a two-day forum, Increasing Investment Management Operations Efficiencies, on Nov. 15-16 at the Marriott East Side Hotel in New York City. The conference will focus on such topics as improving the efficiency and accuracy of securities transactions through straight-through processing, blending people and technology to achieve optimal efficiency and outsourcing as a way to focus on your core business. Attendees will also learn about new systems and software that improve portfolio accounting, trade order management, post-execution efficiencies, performance measurement and client reporting. Opening remarks will be made by co-chairs of the event, Michael Smith, executive vice president of Cutter Associates, and Randi Brosterman, a partner, financial services industry leader management solutions and services division, at Deloitte & Touche.
CASH AND FUND MANAGEMENT
Fundtech, a provider of software solutions that enable businesses to electronically manage cash, process payments and transfer funds, has expanded its agreement with Compaq Computer to jointly offer a UNIX-based electronic payments solution for Compaq's Alpha hardware platform. Over the past two years, Fundtech and Compaq have teamed to offer globally Fundtech's PAYplus RTGS electronic payments product as part of Compaq's Windows NT-based Non-Stop Payments Factory. Through the new agreement, the two companies will offer a Tru64UNIX version of Fundtech's payment system on the Alpha server platform which support multiprocessing and clustering.