News & Commentary
Content posted in December 2001
Buy-Side Firm Leverages OMS for GSTPA Connectivity
News  |  12/20/2001  | 
Custodians, buy-side firms, sell-side firms, exchanges and technology vendors are all on the GSTPA's list of concentrators -- would one of these solutions be right for you? For one buy-side firm, its OMS vendor was the preferred choice.
TimesTen Releases Enhanced Version of its In-Memory Database
News  |  12/20/2001  | 
Version 4.3 features increased performance and functionality to save users time and money.
WIRELESS BRIEFS
News  |  12/20/2001  | 
Wireless Vendor Expands into Asia and the Pacific Rim.
MARKET DATA BRIEFS
News  |  12/20/2001  | 
Instinet's Research & Analytics product is being transferred to Reuters; VistaSource releases its Anyware RealTime for Excel in support of Bloomberg real-time market data; Iverson Financial Systems establishes a London office to provide market-data.
RISK MANAGEMENT TECHNOLOGY BRIEFS
News  |  12/20/2001  | 
Barra introduces its Barra Risk Factor tool for the brokerage industry; KMV introduces Credit Monitor 4.
INVESTMENT MANAGEMENT TECHNOLOGY BRIEFS
News  |  12/20/2001  | 
PFPC Inc. launches a fully-automated wash-sales-processing system for equity mutual funds; GIS says that its revenues have jumped 30 percent; Investment Technology Group, Inc. announces the release of the North American version of the ITG Platform.
OPERATIONS BRIEFS
News  |  12/20/2001  | 
Encompys names Gene Siembieda chief technology officer; SunGard eProcess Intelligence announces that KBC Bank NV selects intelliMATCH for matching and reconciliation of securities items and related cash; JPMorgan Investor Services ends 2001 and starts 2002 with top awards.
ELECTRONIC TRADING BRIEFS
News  |  12/13/2001  | 
The Pacific Exchange selects networking connectivity software from Radianz; PatSystems expects to build interface to a pair of single-stock futures markets that expect to launch in the U.S. in the first quarter; Fifth Third Bank rolls out trade-order management platform supplied by BNY ESI.
MARKET DATA BRIEFS
News  |  12/13/2001  | 
EBS purchases Cicada's interest in EBS Market Data business; The New Zealand Stock Exchange makes summary depth information available to brokers; The Copenhagen Stock Exchange makes real-time information on shares and unit trust certificates available on Website www.xcse.dk.
RISK MANAGEMENT TECHNOLOGY BRIEFS
News  |  12/13/2001  | 
Creditex launches chat-facilitated real-time trading platform; Aquila selects SunGard Trading and Risk Systems for cross-commodity trading and risk management; Robert Benson is appointed board director at Tamesis.
INVESTMENT MANAGEMENT TECHNOLOGY BRIEFS
News  |  12/13/2001  | 
Caplin Systems announces that UBS Warburg selects RTTP to deliver real-time data over the Web to employees and buy-side trading partners; GIS announces that it creates FundShare; Financial Models Company Inc. wins "Best Use of Technology" award at 7th Annual Canadian Mutual Fund Awards.
OPERATIONS BRIEFS
News  |  12/13/2001  | 
Macgregor and GSTP announce Macgregor's intention to provide concentrator services to the GSTP solution; JPMorgan Investor Services announced the launch of Follow the Sun, a universal, client-technology-service support system that provides custody clients with technical and functional support in every time zone, 24 hours a day; Wilco International and IBM announce breakthrough results from Wilco's next-generation trade-processing system running on the IBM eServer zSeries.
Laying New Plans
News  |  12/10/2001  | 
Disaster recovery and business-continuity planning make the top of priority lists this year.
PRODUCTS & SERVICES
News  |  12/10/2001  | 
DST adds new tool to Vision Web; Advent introduces Warehouse Report Center; New tool helps Wireless application developers build mobile applications.
A New Exchange Is Born
News  |  12/10/2001  | 
Electronic trading engine automatically routes customer orders to competitive markets when it can find no internal market-maker match.
ECNs: The Fight To Attract Listed Equities Order Flow
News  |  12/10/2001  | 
Historically, ECN's have built their businesses by matching buy and sell orders for Nasdaq stocks. Today, however, more and more ECN's are attempting to attract a piece of the NYSE's order flow. How are they doing? WS&T takes a closer look.
Is Regulation Right Around the Corner?
News  |  12/10/2001  | 
Regulators, Industry Groups, Firms and Vendors alike are focusing heavily on disaster recovery and business continuity following the Sept. 11 attacks. As the prosepct of regulation nears, Wall Street & Technology takes a look at some of the lessons learned and how new ideas are being applied on all sides in the securities industry.
SIA Moves T+1 to 2005
News  |  12/10/2001  | 
T+1 has been postponed till 2005. What your peers are doing with the newfound time and money.
Institutional CRM Delivers Value in Tough Times
News  |  12/10/2001  | 
Is now the time to invest in a CRM system?
IT CHALLENGE
News  |  12/10/2001  | 
As employees become increasingly wary of travel, tech managers are calling upon new ways to conduct operations.
IT CHALLENGE
News  |  12/10/2001  | 
Using Touch-Tone menus for call-center operations is becoming more difficult.
Wireless -- A Communications Insurance Policy
News  |  12/10/2001  | 
More than any pitch ever could, September 11 has made the industry appreciate the power of wireless.
Digital Certificates Draw Wireless Attention
News  |  12/10/2001  | 
Wireless vendors look to make digital certificates fly through the air with ease.
GovPX Turns To Bang Networks for Business Continuity Needs
News  |  12/10/2001  | 
Disaster Recovery Sheds Light on Internet Delivery of Market Data for GovPX .
ING Gets Ahead of the Curve with Operational Risk Solution
News  |  12/10/2001  | 
ING Takes a Proactive Approach to Operational Risk with OpVar Implementation.
Opening a Hedge Fund is Popular Move but Running One Requires Specific Technology
News  |  12/10/2001  | 
As the popularity of hedge funds increases, so does interest in the technology which supports them.
A Protocol If You Please -- Bond Efforts Unite
News  |  12/10/2001  | 
Two bond protocol initiatives have teamed up to develop a fixed-income standard that will make FIX compatible with emerging settlement standards.
XML Moves Forward in Financial Services Firms
News  |  12/10/2001  | 
Survey illustrates increasing adoption of Extensible Markup Language in financial-services industry.
CRM To Transition from Vision to Action in 2002
News  |  12/10/2001  | 
CRM evolves from buzzword to business strategy.
TowerGroup Finds High Costs and Lack in Consensus Main Barriers to Biometrics
News  |  12/10/2001  | 
High implementation costs and lack of industry consensus can delay use of biometrics technology at least a decade.
Wilmington Trust Automates Fixed Income
News  |  12/6/2001  | 
Wilmington Trust has automated its fixed-income trading with Indata. The firm cites data analysis and manipulation as key benefits to new system.
Reuters and Soliton Team up for "Plug and Play" Data Solution
News  |  12/6/2001  | 
Joint Offering combines Reuters DataScope with Soliton's TimeSquare product for faster data integration.
Teletrader Seeks To Mesh Order Routing, Data and Analytics on Single Front End
News  |  12/6/2001  | 
Eyeing investment banks and hedge funds, Teletrader is building a multifaceted, Windows NT-based front-end trading system.
ELECTRONIC TRADING BRIEFS
News  |  12/6/2001  | 
94 percent of the Chicago Mercantile Exchange's shareholders approve proposal to make futures market a wholly-owned subsidiary of Chicago Mercantile Exchange Holdings Inc.; Intercontinental Exchange plans to move into the European over-the-counter gas and power markets; SunGard Futures Systems upgrades the Exchange Gateway - to make it compliant with MISS architecture standard for Eurex.
MARKET DATA BRIEFS
News  |  12/6/2001  | 
TheMuniCenter releases series of enhancements to its site; Zurich Financial Services selects XML Global Technologies to provide XML/EDI data-transformation capabilities for sharing business information with partner financial institutions; Amicus, Inc. provides WS Griffith Advisors with a new extranet Web site and Internet applications for 1,100 advisors and home-office users.
RISK MANAGEMENT TECHNOLOGY BRIEFS
News  |  12/6/2001  | 
The Societe Generale Group selects Tibco's Enterprise Application Integration solution to integrate information from various trade-capture systems and streamline risk-evaluation process; Algorithmics works with key clients to create the Algo Credit-BIS II Module for its Algo Suite; CECA selects SunGard Trading and Risk Systems' Panorama solution to provide market and credit-risk management to members..
INVESTMENT MANAGEMENT TECHNOLOGY BRIEFS
News  |  12/6/2001  | 
Javelin Technologies announce the opening of a sales office in Hong Kong to better serve Asian Pacific marketplace; Trema announces that Pension Fennia is now live with Finance KIT version 5.0; Thomson Financial announces the launch of Customer Care Online.
OPERATIONS BRIEFS
News  |  12/6/2001  | 
Options Clearing Corporation announces new record for total options volume; Brown Brothers Harriman Foreign Exchange announces release of FX ORDERView; European Central Counterparty Limited announces it is operationally ready to provide clearing, netting, settlement and risk management services for Nasdaq Europe.


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