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Timothy Murphy
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Mr. Murphy is Director of Americas for TIM Group. He works with both instituional brokers and their clients to develop tailored alpha capture strategies as investment firms face increasing pressure to perform. Mr. Murphy formerly was Vice President of Sales for SuperDerivatives Inc. responsible... More
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  • US Institutional Brokers Back In Action After Sandy; Somewhat Optimistic About Election

    TIM Ideas Update on Institutional Broker Sentiment, November 2, 2012

    US institutional brokers immediately snapped back their production of stock trading ideas when the US markets opened for trading after being closed due to Hurricane Sandy. Idea volume was in the 2000-3000 daily range on Monday and Tuesday, but on Wednesday and Thursday it doubled to the 4000-5000 daily range, which is somewhat above average.

    Idea sentiment remained moderately bullish. To date this quarter, 62% of all ideas have been long. On Wednesday and Thursday, ideas averaged 64% long. A long percentage of 66% or more is considered bullish as equity sales desks are recommending two longs for every short trade.

    Since brokers have generally been in this 60%-plus range since the beginning of October, it would appear the outcome of the US presidential race, or the US and European fiscal and economic situations, don't pose any immediate threat to their outlook. During the last election, long ideas averaged a moderately bearish 59% in October 2008, slightly more bearish than during the month of September 2008, when the stock market was hit by the failure of Lehman Brothers.

    About the Data

    The data is based on recommendations sent by equity sales desks, at more than 750 brokerages globally, to their clients at more than 250 hedge and quant funds and traditional long-only institutional investors. TIM Group compiles this data through its TIM Ideas platform, which enables institutional brokerage firms to develop and distribute trade ideas based on clients' investment styles.

    About TIM Ideas

    For the buy-side, TIM Ideas increases transparency by tracking the relative performance of each idea, increases accountability by aligning commission allocation with the value created by brokerage firms, and reduces "noise" by putting all ideas from a funds' brokers on one platform so they can be sorted, filtered, and analysed efficiently. For the sell-side, TIM Ideas enables the generation of commissions by capturing intellectual property-based services used in the brokerage process in addition to traditional research. For both the sell-side and the buy-side, TIM Ideas enhances compliance by creating an auditable history for each idea.

    About TIM Group

    TIM Group provides alpha-generating information technology to the financial services industry. The company's focus is on helping buy-side and sell-side firms and administrators maximize their intellectual property to generate more revenue. TIM Group is employee owned with venture capital investors that include Commonwealth Capital Ventures of Boston, GrandBanks Capital of Boston, and JLA Ventures of Toronto. Please visit TIM Group's website at timgroup.com.

    Contact

    Michael Shallo, Anreder & Co., at +1 (212) 532 3232 or michael.shallo@anreder.com

    Nov 02 2:04 PM | Link | Comment!
  • TIM Ideas Expands Network To Latin America Sell And Buy-side Firms

    TIM Ideas, the trade idea network, is expanding its service to Latin American sell and buy-side firms, particularly in Brazil, where BM& FBOVESPA, the third largest exchange in the world in terms of market value, recently reported record trading volumes.

    TIM Group's TIM Ideas web-based platform enables equity research sales and sales specialists to send client specific long or short term trading ideas to clients around the world. Fundamental and quantitative investors use TIM Ideas to capture, track and monetise these ideas as a new source of alpha and as an objective analysis tool for the allocation of commissions.

    TIM Group's effort is focused at helping Latin American based brokerage and money management firms set up their own trade idea programs. Latin America would be the fifth major TIM Ideas market. Starting in London in the mid-2000s, TIM Ideas is now used by more than 600 sell and buy-side firms in North America, UK, Europe and Asia.

    David Allen, TIM Group's General Manager, Americas, said brokerage firms are already developing and distributing recommendations on TIM Ideas on Latin American stocks. So far this year, 74% of these ideas have been on Brazilian stocks, 14% on Chilean stocks, and 12% on Mexican stocks.

    "Buy side firms that use TIM Ideas are willing to pay real commission dollars for great ideas on Latin American stocks," said Mr. Allen.

    In early August, BM&FBOVESPA reported record volumes of 812,151 average trades a day for the second quarter of 2012, up 61% from the year ago period and up 9% from the first quarter of 2012.

    About TIM Group
    TIM Group provides alpha generating information technology, consulting and services to the financial services industry. The company's focus is on helping buy and sell-side firms and administrators maximize their intellectual property to generate more revenue. Please visit the company's website at timgroup.com.

    Contact
    Natalie Hall, Marketing Manager, TIM Group, at +44 (0) 20 7826 4308 or natalie.hall@timgroup.com

    Michael Shallo, Anreder & Co., at +1 (212) 532 3232 or Michael.shallo@anreder.com

    Oct 24 4:13 PM | Link | Comment!
  • NEW SERVICE FROM TIM GROUP HELPS FOHFS ADAPT FASTER TO CHANGING MARKETS

    LONDON & NEW YORK, 20 December 2011 -- TIM Group today launched a new service that enables the fund of hedge funds (FoHFs) industry to react faster to changing market and industry conditions.

    Through a series of newly developed Application Program Interfaces (APIs), TIM Funds Connect enables TIM Funds users to “plug and play,” “mix and match,” and interact seamlessly with virtually any in-house or third party technology based system or data/information service.

    “The FoHF industry no longer needs to fear being ‘locked in’ to anything,” said Jonathan Bradshaw, TIM Funds Client Director. “Connect provides FoHFs and their administrators with the ability to access their data when they need it, and in whatever form they find most useful. They also will have unparalleled flexibility, now and in the future, to adapt quickly and continuously to changing industry and market conditions.”

    TIM Funds, formerly known as The HIP (Hedge fund Information Provider), is the leading online platform used by FoHFs or through their administrators and custodians, for front, middle and back office management information, and decision making.

    Connect is now available to all existing users of TIM Funds, which include standalone and large FoHF complexes, institutional investors who invest directly in hedge funds, and major FoHF third party administrators.

    Access all key data

    Using Connect to integrate TIM Funds with other information systems enables data to flow automatically between them. 

    ·      Users can view and analyse all their position information in one place.

    ·      Everyone in the organisation so authorised can access a data dictionary to extract the exact elements they need to create customised reports.

    ·      Users can maximise their return on investment in TIM Funds by providing fast, resilient and intuitive access to data and results that monitor and drive their portfolios.

    React faster to change

    Connect enables FoHFs to use TIM Funds to quickly adapt to new demands from regulators, investors and management.

    ·      Develop new reports to meet regulations, such as Europe’s Directive on Alternative Investment Fund Managers (AIFMD).

    ·      Create customised portfolios on behalf of every client, rather than fund picking on behalf of a portfolio.

    ·      Respond to increasing investor demands for new levels of transparency.

    ·      Produce data to better manage overhead, liquidity or compliance.


    Today’s announcement is part of TIM Funds’ strategy of becoming the technology backbone for the next generation of growth in the FoHF industry.

    “Once FoHFs are on our web-based platform, portfolio managers can use its powerful tools to analyse performance and changes to the fund, and generate and transmit trade orders.  All position information is automatically updated,” Mr Bradshaw said. 

    “With TIM Funds, FoHFs can completely get out of the data management business and focus 100% of their time on where they can add the most value – fund selection, due diligence, maximising performance and expanding assets under management.”

    Clients are supported through 24/7 global customer service and a team of more than 100 developers, operating out of offices in New York, Boston, London, and Hong Kong.

    About TIM Group

    TIM Group provides alpha generating information technology, consulting and services to the financial services industry.  The company’s focus is on helping buy and sell-side firms and administrators maximise their intellectual property to generate more revenue. Please visit the Company’s website at timgroup.com.

    Contact

    Natalie Hall, Marketing Manager, TIM Group, at +44 (0) 20 7826 4308 or natalie.hall@timgroup.com

    Michael Shallo, Anreder & Co., at +1 (212) 532 3232 or Michael.shallo@anreder.com

    Dec 21 11:02 AM | Link | Comment!
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