Dubai's Debt May Hurt Banking Recovery
The state-owned company Dubai World wants more time to repay its debt. Given that it owes at least $59 billion to creditors, there are concerns a wave of defaults could be on the way.
Why Is ConvergEx Buying NorthPoint To Go Mini-Prime?
I spoke with Tom Galvin, CEO of Eze Castle Software and Douglas Nelson, CEO of NorthPoint, yesterday, to find out what motivated the transaction and how ConvergEx expects to leverage Northpoint's offering to expanding into the hedge fund space.
Bloomberg Launches Tradebook Order API
Bloomberg Tradebook has launched Tradebook Order API, which enables users to send orders directly from a desktop model to stock, option, futures and FX smart order routers.
New Asset Bubbles May Be Growing
There's growing concern that the world's central banks are flooding financial institutions with too much cash, setting the stage for another asset-bubble burst.
Parametric Portfolio Associates Selects Fidessa LatentZero’s Minerva OEMS
Minerva OEMS is a fully integrated front-office position analysis and trading solution that provides support for all asset classes, including OTC derivatives, with real-time positions and P&L, integrated market data, order management and trading, with integrated compliance in a single application.
Senator Kaufman Calls for End to Sponsored Access
Senator Ted Kaufman (D-DE) has delivered a letter to SEC Chairman Mary Schapiro and four commissioners urging them to end sponsored access and “combat manipulative high frequency trading algorithms."
Ten Take Aways from Our Trading Summit
I just got back from Advanced Trading's fourth Buy Side Trading Summit. And although the event is off the record (no reporting using trader's or company names - a way to ensure the buy side feels free to open up -) I figured I'd share the top general takeouts from the event.
IND-X To Merge with Enzard Ltd.
IND-X combines its execution and commission management platform with with Enzard's independent research provider offering to expand in Asia.
Capco Launches Wealth Management Group
Capco has launched a North American Wealth and Investment Management Group to service wealth managers, investment institutions and investor services firms.
Industry Aims to Secure Cloud
The obstacle to large financial firms' use of public clouds has been security, but industry groups and vendors are working to fix this. And internal clouds, protected within a firm's own firewalls, are under construction.