AFME/ Finbourne study demonstrates need for longer deferrals for large and illiquid trades and shows transparency could be significantly improved for majority of smaller fixed income trades
3 May 2022 – The Association for Financial Markets in Europe (AFME) has today published a first of its kind study consolidating fixed income trading data from numerous sources for the period of March to December 2021. This shows that the majority of fixed income trades could be made transparent in near real-time, but also… Continue reading AFME/ Finbourne study demonstrates need for longer deferrals for large and illiquid trades and shows transparency could be significantly improved for majority of smaller fixed income trades
Striking ‘digital gold’: Hedge Funds and the lure of Cryptocurrencies
At nearly USD 3 trillion, digital assets such as cryptocurrencies are enjoying their hey-day as the new ‘digital gold’ and the hedge fund industry is no stranger to the asset class. FINBOURNE’s Michael Cummins and Tim Wong explore the allure of cryptocurrencies for systematic hedge funds and why achieving scale and diversification, through the use of SaaS technology is essential to striking gold.
The Case of the Missing HTTP Response
This week we finally got to the bottom of a perplexing issue that we have been examining for a number of months now. We had been seeing intermittent HTTP timeouts or other unusual disconnection problems affecting LUSID, our investment data management platform. These were most obvious in our build pipeline, where they were causing test-failures.
Consolidated Tape Provider (CTP)
A deconstructed view of a consolidated tape
With the discussion around the Consolidated Tape (CT) picking up the pace in both the UK and the EU, we believe there are a number of opportunities and challenges to be addressed – including data quality issues – to achieve a fit-for-purpose market mechanism. Neil Ryan, CTP Lead at FINBOURNE Technology, explores the benefits of… Continue reading A deconstructed view of a consolidated tape
Navigating unchartered waters: The regulatory tide turns for Hedge Funds
While hedge funds are currently enjoying a renaissance, the scale of global assets under management has not gone unnoticed and regulation is set to play a major role in the industry in 2022. The question is, how will this impact hedge funds across the globe and how will fund managers continue to secure capital allocations and respond to market opportunities, while sailing in unchartered waters?
Culture and Diversity
Life as an Associate Project Manager at FINBOURNE
We caught up with Zeynep Solmus, Associate Project Manager, to hear about her first few months in the Customer Success team and what she enjoys most about working for the company.
Asset Management 2022 vs 2035: from surviving to thriving – Part Two
In part two of Asset Management 2022 vs 2035: from surviving to thriving, we fast forward to 2035 and look at how SaaS technology, fintech innovation, and a new on-demand era has changed the way asset managers operate in the future.
Asset Management 2022 vs 2035: from surviving to thriving
Read part one of our blog to understand how interoperability can build a bridge from the systems of the past, to an ecosystem of future innovation…
Culture and Diversity
Life as a Software Developer at FINBOURNE
Back in 2019, we spoke with Daria Deluermoz, one of FINBOURNE’s first graduate hires, about her first few months as a software developer. Two years on, we catch up with Daria to hear more about her current role and what she enjoys most about working at FINBOURNE.
Railpen opts for FINBOURNE to deliver next generation data management service
Railpen, one of the largest pension funds in the UK, with c.£35 billion AUM, has opted for FINBOURNE’s cloud, investment data management platform, LUSID, as its Investment Book of Record (IBOR).
The ‘Great Resignation’: putting the squeeze on Hedge Fund operations
Amid the ‘Great Resignation’, many firms are increasingly under pressure to retain and attract talent, and future-proof operations. None more so than the hedge fund industry, where vast volumes of investment, market and reference data is submerging people and processes today. Thomas McHugh explores the impact of legacy software on hedge funds and why investing in the right technology will attract a more motivated workforce, boost productivity and protect business continuity.
Sustainable Finance: Delivering meaningful change requires operational change
Christopher Farrell, COO of FINBOURNE Technology, explores the current challenges buy-side firms face with ESG data, highlighting the need to establish a new standard for ESG data management to make sustainable finance a success.
Why data management is core to the success of Sustainable Finance
As COP26 draws to a close, it is clear that the urgency for change, together with investor demand for greater transparency and new reporting requirements will significantly shape the future of Sustainable Finance. But to create meaningful change, the industry must first overcome the ESG data challenges it faces today. FINBOURNE speaks to Sue McLean and Caitlin McErlane at Baker McKenzie, a leading global advisory and legal firm, to learn their perspectives around the critical roles of technology, data, and regulation.
Baillie Gifford selects FINBOURNE’s LUSID platform to boost investment data management
Baillie Gifford, a global investment partnership with £352bn (US$ 486.8bn) assets under management, has selected FINBOURNE Technology’s investment data management platform, LUSID, as the Investment Book of Record (IBOR) for its global investment operations. The platform will deliver a consolidated source of real-time investment data across Baillie Gifford’s equity, fixed income and multi-asset portfolios.
Data overload: The human cost of doing nothing
Thomas McHugh uncovers the human cost of inaction when it comes to data overload in the buyside. And why more than anything, firms need to move away from burnout and towards data empowerment. De-risking operational change and solving the limitations of legacy tech, is critical to breaking the status quo of inertia. The question is: can you really afford to live with the data overload, any longer?
Consolidated Tape Provider (CTP)
Consolidated Tape: Breaking bad data
In our recent views shared on Consolidated Tape (‘CT’), the issue of data quality was highlighted as central to the CT debate. Some may argue it is even hampering the development of a Consolidated Tape Provider (CTP) in the UK and the EU.
Consolidated Tape Provider (CTP)
Consolidated Tape: A fish that swims in all waters
Following on from our last insight on Consolidated Tape (CT) and the launch of our Design Council, we explore why the technology that underpins the CT, is key to ensuring that it is fit for purpose, no matter what the decided approach.
Why low-code, no-code is not a panacea for buy-side ops pain
Chris Brook, Co-founder and Head of Platform Engineering, FINBOURNE Technology, shares the limitations of the new tech trend ‘low-code, no-code’ as it applies to investment management operations.
Consolidated Tape Provider (CTP)
Consolidated Tape: Harnessing new technology to solve an old data problem
Neil Ryan, Regulatory Consultant at FINBOURNE Technology, explores the renewed drive for a Consolidated Tape (‘CT’) and why FINBOURNE’s Design Council will provide a vocal platform to promote and develop the conversation in both the UK and the EU.
The data struggle is real
While asset managers are not in the business of data management, there is no denying that data is central to investment management. Accessing and understanding data in the investment chain is crucial.
FINBOURNE integrates with FlexNOW delivering deep integration without complex implementation
FINBOURNE Technology and FlexTrade Systems announce a collaboration to integrate FlexNOW with FINBOURNE’s LUSID platform.
Fidelity International onboards FINBOURNE’s LUSID platform and makes strategic investment
– Fidelity selects FINBOURNE’s LUSID platform to drive data strategy for its global asset management business – Fidelity International Strategic Ventures invests into FINBOURNE’s latest funding round Fidelity International, London, 21 July 2021: To address the growing need to prioritise data as a strategic asset and to better serve its clients with new growth initiatives,… Continue reading Fidelity International onboards FINBOURNE’s LUSID platform and makes strategic investment
Capitalising on the power of data in asset management
FINBOURNE Technology, in collaboration with the Financial Times, also hosted a panel on capitalising on the power of data in asset management. Thomas McHugh, FINBOURNE Technology’s co-founder and CEO participated in the session alongside the Chief Data Officers of OFI Asset Management and UBS Asset Management. Watch the full session here. On investment data management… Continue reading Capitalising on the power of data in asset management
Understanding the resilience of ESG and impact investing in the face of COVID
Thomas McHugh, FINBOURNE Technology co-founder and CEO participated in a session on Understanding the resilience of ESG and impact investing in the face of COVID. He was joined by the CEO of HSBC Asset Management, the Global Head of sustainability at BNP Paribas, and the CEO of International Federated Hermes in a quality discussion. Watch… Continue reading Understanding the resilience of ESG and impact investing in the face of COVID
Panel Recap: Alternative Data for Traditional Managers
HFM hosted another great EU Tech Summit this Monday, 22nd of February covering popular and pressing topics with industry experts. FINBOURNE was excited to participate in the panel on Alternative Data for Traditional Managers.
Operating in illiquid markets: Consolidating disparate data sets to develop your investment insight
Earlier this week we held a webinar discussing illiquid markets. This blog highlights some of the themes that arose: the origins and nature of the liquidity challenges, the data solution to those challenges and how the right toolset will empower gathering, consolidating and incorporating the data solution not only to inform allocation strategies, but also… Continue reading Operating in illiquid markets: Consolidating disparate data sets to develop your investment insight
Fund Operations: How to centralise access to your investment and decision support data
Would you like a playbook setting out exactly how you can consolidate investment data in real time and how to get centralised access to your investment and adjacent data using data virtualisation?
APIs for the investment industry: What does good look like?
In our last API blog post, we looked at how an API-first strategy reduces operational costs and enhances access to data. In this piece, we set out what a good quality API looks like and examine some of the ways in which the right API-first platform can transform how you access and manage your investment… Continue reading APIs for the investment industry: What does good look like?
How technology can give you the edge as you grow your fund
Last week, we participated in a webinar at HFM’s European Technology Forum. I spoke on a panel with Michael Fastert, COO and CLO at TIG Advisors, and Doron Gutstadt, CTO of Taconic Capital. Read on to get a snapshot on: How more people in the front office are now technologists themselves – how can you… Continue reading How technology can give you the edge as you grow your fund
FINBOURNE interviews TP ICAP’s Chris Dearie and Roland Anderson
This week, we sit down with Chris Dearie, Deputy CEO, and Roland Anderson, CTO of TP ICAP’s Data & Analytics business. In a wide-ranging chat, we discuss how TP ICAP is providing insights as well as data to buyside clients and the potential game-changing impact Google Cloud could have on the buyside.
The 2021 LIBOR transition: Mitigating risk with flexible architecture
In this piece we take a look at the challenges the transition could present to the buy-side, regulatory considerations and how flexible architecture could present a solution to mitigating some of these challenges.
FINBOURNE interviews Michelle Calcutt and Andrew Morrison, Aviva Investors
In this interview, Gus Sekhon, our head of product, sits down with Aviva Investors’ Michelle Calcutt and Andrew Morrison to talk all things customer experience related.
How an API-first strategy for the investment industry reduces operational costs and opens up better access to data
Investment fund infrastructure has not typically been optimised for the rapid exchange of information, but rather for functionality around a narrow set of instruments, vendor services and third-party administrators.
FINBOURNE interviews Olivia Vinden, Head of Fintech and Innovation, Alpha FMC
In today’s interview, Dermot Shortt, FINBOURNE Chairman sits down with Olivia Vinden, Alpha FMC’s Head of Fintech and Innovation. We discuss automation, how buyside firms are using data analytics in distribution as well as their investment processes and why ecosystems are so important today.
Securing your network with WeaveNet
This post is about Weave, our customisations, and a Weave related production issue that FINBOURNE encountered and resolved in the last couple of months.
How an IBOR should give you better control of your data
Last week we held a webcast with The Trade where we did something we think is unusual: we defined an Investment Book of Record (IBOR). Not by what it is – that’s a fairly commonplace categorisation – but by what it does.
The Mysterious Hanging Client & TCP Keep Alives
This blog looks at the solution we implemented to fix an issue with the Python SDK which was very difficult to pinpoint.
Engineering, Investment Technology
Do you still need an Order Management System?
In this piece we look at how the concept of the OMS became popular, what problems it sought to address, how today’s complex investment environment is testing the capabilities of the OMS and the alternative solutions available.
Plotting the future of hedge fund technology
This week, I spoke on a panel at the HFM European Technology Summit about the future of hedge fund technology. Here are my thoughts following the panel.
FINBOURNE Technology and TraderMade sign partnership to make TraderMade data available to LUSID clients
FINBOURNE Technology has signed a partnership with TraderMade to make its data available on LUSID, the open investment data platform.
Does your legacy IT system support your fund’s machine learning strategy?
Legacy systems and data limitations are major barriers to implementing an effective machine learning strategy. In this blog post, we explore how the right technology can help investment managers overcome these barriers.
Change is inevitable. Growth is optional
Increasingly diversified investment strategies, closure of mutual funds, the rise of passively managed funds and companies racing to consolidate. It’s easy to say the asset management industry is slow to change but when you look at it from the outside, it’s being pummelled by change in all directions. How do you adapt to external change… Continue reading Change is inevitable. Growth is optional
Fund start-up pain and making mistakes for the long term
This post is the second in a series looking at investment data management topics that come up regularly in our work with fund managers. We’ve spoken with around 100 small hedge funds and asset managers specifically to learn about their experiences setting up platforms and operations, and growing the business. This post concerns the fund… Continue reading Fund start-up pain and making mistakes for the long term
Do you even need an Investment Book of Record?
The problems that an IBOR is trying to solve are well understood, but there are many shortcomings with the approach. The best analogy that we’ve come across came from a recent conversation with the CDO at a global investment firm. He compared implementing an IBOR with building a self-driving car. For a vehicle to be… Continue reading Do you even need an Investment Book of Record?
Three lessons the investment industry can learn from Open Banking
While retail banks have mostly been dragged kicking and screaming into the UK government-backed Open Banking initiative, the fund investment industry should treat it as an opportunity to remove unnecessary cost, connect more closely with their customers and build better services.
Transforming the reconciliation game
This is the first in a series of posts looking at some of the questions we’re regularly asked about improving the investment data management process. Today we’re looking at reconciliations.
What a Naval Historian Can Teach Us About Data
Everyone knows that data is important, but do we really appreciate how important access to correct data is for the successful execution of an investment strategy?
What is bitemporal data anyway?
Bitemporal data is a fundamental principle in our LUSID platform, yet the term is not very common amongst technologists nor business users. It can be a complex concept to describe, and I’ve been thinking of a simple example to help illustrate it…
FINBOURNE Launches LUSID
FINBOURNE Technology launches LUSID™ a revolutionary replacement software system for the asset management industry.
RegTech: Barking Up the Wrong Tree
Huge amounts of money are being spent on bolt-on regulatory technology. Why don’t we embrace the capabilities of our digital infrastructure and allow the data required by regulation to be gathered as part of the core business process. I worry that a lot of the RegTech industry is just barking up the wrong tree.
In Real-time, Every Time
In our last piece, we said we would talk more about “transactions” being the meta-solution to a swathe of investment industry challenges
Real Problems. Real Solutions.
A big part of our story at Finbourne is maintaining an open communications channel with our customers, our partners and the community in general.
Time For a Change
During the first quarter of 2017, European asset managers enjoyed inflows of EUR210bn – the highest in 5 years. This is great news and points to a wider theme that governments around the world are shifting responsibility for savings and retirement to the private sector – all good for investment managers.
Authenticating S3 Proxy
Using nginx and oauth2_proxy to deliver S3 based content (and azure blob store)
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