News & Commentary
Content posted in December 1999
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ECN Experts Debate Electronic Trading Issues at Financial Tech Expo
News  |  12/27/1999  | 
Wall Street & Technology brought together-for the first time ever-representatives from the nine electronic communications networks, the Nasdaq and two ECN portals, to discuss issues that include market fragmentation, after-hours trading, benefits to investors and a central limit order book (CLOB).
In Brief
News  |  12/17/1999  | 
Trading Technologies to Link with ISE
News  |  12/17/1999  | 
Trading Technologies is developing an API that will serve as a gateway to multiple U.S. equity markets.
Royal Bank Investment Management Installs CMS BondEdge
News  |  12/17/1999  | 
Royal Bank Investment Management has installed Capital Management Sciences' BondEdge, a fixed-income portfolio analytics and risk management system.
Ardsley Teams Up with Advent for Geneva
News  |  12/17/1999  | 
Ardsley Partners has signed on for Advent Software's real-time, global accounting engine, Geneva.
FMC Scores Big With First Two Scottish Clients
News  |  12/17/1999  | 
Financial Models Co. has signed contracts with both Scottish Equitable Asset Management and Adam & Company, marking its first foray into the Scottish marketplace.
Amex Seeks Competitive Edge by Giving ePriority to Electronic Orders
News  |  12/17/1999  | 
The American Stock Exchange has announced plans to give priority to orders routed electronically in a pilot program dubbed eQPriority.
NYMEX Inches Closer to For-Profit Demutualization
News  |  12/17/1999  | 
The NYMEX is evaluating a demutualization proposal that calls for the exchange to convert its members' seats into two classes of stock and create a for-profit, Delaware incorporated holdings company.
In Brief
News  |  12/17/1999  | 
Communications Hubs Takes SFE Overseas
News  |  12/17/1999  | 
The Sydney Futures Exchange has opened up two new communications hubs in Hong Kong and in Tokyo.
Crystal Box Offers Clear View of Risk Management at CDC
News  |  12/17/1999  | 
CDC Investment Management has teamed up with NetRisk enterprise risk management company to develop Crystal Box, an Internet-based reporting and analysis tool.
Track Data Eyes Entrance into ECN Market
News  |  12/13/1999  | 
Track Securities Corp. has filed with the SEC and NASD to form an individual investor-oriented ECN.
Neuberger Berman Builds Real-Time Web Front-end for Managers, Clients to Come
News  |  12/13/1999  | 
Neuberger Berman is creating a browser-based account management system for its internal money managers.
As Part of its Electricity Strategy, NYMEX Eyes Creation of an OTC ECN
News  |  12/13/1999  | 
The (NYMEX is considering a proposal that would divide its planned all-electronic electricity market into three units: a holding company, an electricity exchange and an OTC ECN.
Tradebonds Eyes P.M. Software and Searches For Minority Investors
News  |  12/13/1999  | 
Tradebonds.com plans to equip its site with portfolio management features by the third quarter of 2000.
Reality Online Signs on With Javelin
News  |  12/13/1999  | 
Reality Online has signed an agreement to integrate Javelin Technologies' FIX engine into its suite of electronic trading solutions, Reuters Electronic Broker.
All Eyes On The Horizon
News  |  12/13/1999  | 
The sun sets on a year of sweeping changes, giving rise to a new era in financial technology.
NYMEX Board Approves IT Revamp and Creates All-Electronic Energy Market
News  |  12/13/1999  | 
The NYMEX has approved a strategy to overhaul its information technology division and is drawing closer to demutualizing.
Wall Street & Technology in History
News  |  12/13/1999  | 
A look back at the magazine over the past 10 years.
Firms Look to Offshore Companies to Fill IT Needs
News  |  12/13/1999  | 
Financial services firms are heading offshore, investing in foreign IT services companies to access a wider pool of talent.
Laying it on the Line with Gigabit Ethernet
News  |  12/13/1999  | 
A growing number of firms are upgrading their LANs to support Gigabit Ethernet, the hot new 1000 Mbps technology.
After-Hours Trade Facility Proposed by NexTrade CEO
News  |  12/13/1999  | 
During a conference session at the Financial Technology Expo in New York, NexTrade CEO Mark Yegge addressed the issue of market-fragmentation.
Deal Makers Collaborate on Documents
News  |  12/13/1999  | 
Browser-based documentation service provider Intralinks looks to expand into additional multi-party deal services.
NetStock Direct Gets More Direct Selling Shares to the Public
News  |  12/13/1999  | 
NetStock Direct Corporation prepares to launch ShareBuilder, a new online investment Web site.
Financial Technology Expo Showcases New Products
News  |  12/13/1999  | 
Vendors at this year's annual Financial Technology Expo in New York City presented a sampling of new products, from research tools to XML platforms.
Strategy Developer for Portfolio "Back Testing" Launched by Vestek
News  |  12/13/1999  | 
Vestek has introduced a new component to its suite of portfolio management products.
Calling for the Next Revolution!
News  |  12/13/1999  | 
TheStreet.com's James Cramer's offers his take on the capital markets process at the Financial Technology Expo in New York City.
A Tale of Two Firms
News  |  12/13/1999  | 
AXA Financial and H&R Block are combining technologies to forge ahead in the investment management arena.
SEC Report Zeros in on Systems Capacity
News  |  12/13/1999  | 
SEC November report addresses online trading capacity issues.
ECN Connections
News  |  12/13/1999  | 
With market prices fluctuating by the second, the "time is money" attitude of electronic brokerage firms has fueled the war between ECNs and the "middleman." Daytraders are looking for more opportunities, faster execution times and lower transaction costs to make them victorious in Y2k.
CBOE Puts For-Profit on the Backburner
News  |  12/13/1999  | 
The Chicago Board Options Exchange (CBOE) is taking a wait-and-see approach toward demutualization.
Tradebonds Eyes P.M. Software and Searches For Minority Investors
News  |  12/13/1999  | 
Tradebonds.com plans to equip its site with portfolio management features by the third quarter of 2000.
Bloomberg Trading Set to Infiltrate Canada, But Work Remains
News  |  12/13/1999  | 
Bloomberg Trading System, boasting only modest success in the Canadian marketplace, is getting ready to descend on Canada in a matter of months.
T+1 Glitches: FIX and Decimalization Must Be Confronted First
News  |  12/13/1999  | 
At a recent conference, Nick Davidge, CEO of Davidge Data Systems, said the evolution of the FIX protocol and decimalization are proving to be costly headaches.
In Brief
News  |  12/13/1999  | 
New Hedgefund Site to Rely on Advent's Geneva for Accounting
News  |  12/13/1999  | 
PlusFunds.com, a new Web site that provides real-time information on hedgefund performance, is relying on Advent Software's global accounting system, Geneva.
Bloomberg Trading Set to Infiltrate Canada, Work Remains
News  |  12/13/1999  | 
Bloomberg Trading System, boasting only modest success in the Canadian marketplace, is getting ready to descend on our Northern neighbors in a matter of months.
In Brief
News  |  12/13/1999  | 
Decimalization Creeps up In the Homestretch
News  |  12/13/1999  | 
Yes, a new era is dawning on Wall Street, but before anyone can sit back and reap the rewards, the industry must address the obstacles that lie ahead.
Comdex: Oh, What a Feeling!
News  |  12/13/1999  | 
Nick Davidge, CEO of Davidge Data Systems, reports on Comdex, the mecca of all consumer electronics shows.
Not Your Father's Telecom Company
News  |  12/13/1999  | 
Sprint has transformed itself into one of the major Internet service providers, as it prepares to release its voice, data and video ION (Integrated On-demand) network infrastructure.
CyBerCorp to Introduce Trading Via CBOE
News  |  12/13/1999  | 
CyBerCorp.com plans to launch direct electronic access for options trading.
Connectivity to Back Office Takes Precedence When Buying an OMS
News  |  12/13/1999  | 
Panel finds that integration with the back office and vendor track record are key in decision making process.
SG Cowen Securities Joins NYFIX ATS
News  |  12/13/1999  | 
SG Cowen Securities Corp. last week joined a group of minority investors that have purchased stakes in NYFIX Millennium, an alternative trading system.
E&Y Partners and J.P. Morgan Envision Better Risk Assessment
News  |  12/13/1999  | 
Ernst & Young and J.P. Morgan have partnered to create an Internet-based operational risk tool.
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