Commentary

Jared Dillian
Traders Magazine Online News

The Great Rebalancing

In this guest blog, the author examines the need for portfolio rebalancing as time progresses.

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Do you feel today's market data fees are justified given the technological expense required to generate them?



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December 20, 2007

Merrill’s Broker-Neutral Play

Clearing Quarterly & Directory

By Gregory Bresiger

With hedge funds using multi-prime broker platforms, Merrill Lynch says its new middle- and back-office management system, Merrill Middle Office Solutions, will provide a broker neutral technology solution.

The platform uses the British GlobeOp open platform, which provides both global processing and servicing functions, according to Merrill officials. They added that the central product of Merrill Middle Office Solutions is a data consolidation engine, with overnight reconciliation of cash and security positions for multiple prime brokers.

“Our strategy,” says Jeff Penney, cohead of global markets financing and services at Merrill Lynch, “is to facilitate the flexible, independent multiple prime broker environment most hedge funds prefer, giving these hedge funds access to competitive pricing for financing.”