News & Commentary
Content posted in December 2004
News  |  12/21/2004  | 
Reg NMS was just re-released last week and the document surprised everyone, notes Larry Tabb, CEO of the Tabb Group and Contributing Editor to WS&T. Tabb offers his perspective on the regulation, pointing out its winners and losers. "While this may sound tame, it has the teeth of a shark," he says, "and for better or worse it will shred many current market practices."
http://www.informationweek.com/
News  |  12/16/2004  | 
The SEC voted yesterday to publish its reproposed version of Reg NMS for public comment. The revised regulation limits price-protection to automated quotes; prohibits sub-penny pricing; promotes uniform inter-market access via private linkages; and authorizes market centers to distribute their own data independently of the joint-industry plans.
The NYSE Revamps Floor Broker Technology
News  |  12/16/2004  | 
The NYSE is giving floor brokers new wireless handheld PCs to participate in a hybrid market subject to SEC approval. The project is a big win for IBM.
Investment Management Newsflashes
News  |  12/16/2004  | 
First National Nebraska Selects AdviceAmerica's LifeVision Wealth Planning Applications for Online Customers; ADP and Finaplex Partner to Offer Wealth Management Solution; Aspect Capital Selects Advent's Geneva; Inverness Counsel Selects Indata I.M.S. for Front-to-Back Office Solution
Operations Newsflashes
News  |  12/16/2004  | 
DTCC Launches Pilot to Automate Corporate Actions Liability Notices; Capco Opens New Delivery Center in Bangalore
Electronic Trading Newsflashes
News  |  12/16/2004  | 
ITG Moves to Acquire Remainder of POSIT Joint Venture From BARRA Subsidiary of MSCI; TowerGroup's Iati Joins Tabb Group; BNY Brokerage Links DEx to Charles River Platform; Mitsui Doubles the Size of Tokyo Trading Floor With BT Turrets; ITG Moves to Acquire Remainder of POSIT Joint Venture From BARRA Subsidiary of MSCI
Compliance Newsflashes
News  |  12/16/2004  | 
Archipelago Holdings Selects Movaris for SOX Compliance; FIS Wealth Management Improves Compliance With Aggregated Client Data; Greenwich Technology and Relational Security Partner to Offer Solution for Third-Party Security Audits
Spending for Managed Account Platforms on the Rise
News  |  12/9/2004  | 
According to a study released Monday by Needham, Mass.-based research firm TowerGroup, spending for managed account platforms will reach $439.2 Million by 2008.
Investment Management Newsflashes
News  |  12/9/2004  | 
Survey Says Investors Want Same Rules for Advisers and Brokers; CIS Selects DSTi for Risk Management, Trade Order Management and Performance Measurement; Brinker Capital Helps Advisers Raise Awareness of Separately Managed Accounts; Bailey Coates Asset Management Selects Cogency Alternative Investment
Electronic Trading Newsflashes
News  |  12/9/2004  | 
Survey Reports 74 E-Bond Trading Platforms With Move Into Derivatives; ITG Europe Eyes Purchase of E-Crossnet; Wedbush Morgan Securities' Maximus DMA Platform Supports Nasdaq Opening and Closing Crosses
Operations Newsflashes
News  |  12/9/2004  | 
AXA IM Outsources Pan-European Investment Operations to State Street; Adams Harkness Goes Live With SunGard's Phase3 for Equities Trade Processing; ADP interfaces BPS Platform With DTCC's Real-Time Trade Matching Application for Corporate and Municipal Bonds and UITs
Compliance Newsflashes
News  |  12/9/2004  | 
Capelogic Launches Fair Value Oversight System for SEC 38a-1 Compliance; Safecore Partners With EZECastle to Offer Hedge-Fund Compliance; Stifel, Nicolaus & Co. Selects Financial Tracking for Compliance Information
SEC Shocks the Industry With Revisions to Reg NMS
News  |  12/2/2004  | 
The industry is raising concerns over the SEC's proposed overhaul of market structure, which includes price protection for displayed orders and an inter-market sweep.
FutureTrade Turns Direct Access Platform Into a Service Bureau
News  |  12/2/2004  | 
With major banks and brokers owning direct-access trading platforms, FutureTrade sees an opportunity to launch a neutral service bureau for other broker-dealers to white label.
Electronic Trading Newsflashes
News  |  12/2/2004  | 
GL Trade Buys Ubitrade Group; E*Trade Securities Taps New Hire to Leverage DMA Trading; BondDesk Group Hires Bank of America Executive As New CEO; BB&T Capital Markets Chooses Lava OMS for Equity Trading
Fri, 05 Oct 2007 12:08:26 -0500
News  |  12/2/2004  | 
Investmaster Partners With Fyntel; Julius Baer Selects SimCorp Asset Management Platform; Fiji National Provident Fund Live on DSTi's HiPortfolio 3; Kayne Anderson Capital Advisors Implements Cogency Alternative Investment Platform
management/roi
News  |  12/2/2004  | 
DTCC Launches Global OTC Equity Derivatives Matching and Confirmation Service; Danish Bank Chooses SmartStream for Corporate Actions; Xcitek Introduces New Client Cost Basis Service
Compliance Newsflashes
News  |  12/2/2004  | 
Cargill Investor Services Selects Parlano MindAlign for Instant Messaging Transparency; LANsultants Uses C2C to Archive E-mail for SEC Compliance; SEC Delays SOX 404 Deadline for Some Companies; Study Says Enron E-mail Reveals E-mail Liability Remains a Significant Risk
Vendors Lay Out Their Plans for Reference-Data Services
News  |  12/2/2004  | 
Several leading consulting firms and financial software conglomerates claim they have the expertise to run a managed service for reference data.


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