News & Commentary
Content posted in February 2006
News  |  2/23/2006  | 
Automated tools will monitor employee use of E-mail, phones, and the Net, and a lot of companies are happy to use them
Schwab Announces Complete Account Fraud Coverage, and more
News  |  2/23/2006  | 
Schwab Stand Behind Customers With Fraud Guarantee, Fidelity National Announces Source Code Escrow Service, Corillian and StrikeForce Partner for Authentication Solutions, ActivIdentity Introduces New CEO
Jefferies Hires Six From Banc of America, and more
News  |  2/23/2006  | 
Jefferies Swipes Some Talent, Tukman Selects IMpower from SunGard, Bain Picks Vantage for Reporting, Saad Using Financial Studio Platform
Tokyo Stock Exchange Plans $27 Million in Upgrades, and more
News  |  2/23/2006  | 
TSE Outlines Investment Plan for System Improvements, Fed: Credit Derivatives Processing Looking Better, Capco Adds Two To European Staff
Australian Stock Exchange Picks Cameron Systems to Introduce FIX-based Market Data
News  |  2/23/2006  | 
Cameron, Archipelago Sells Brokerage Arm, and more
Three Out Of Four Say Business Security Has Improved
News  |  2/21/2006  | 
But people issues and organizational changes resulting from mergers, acquisitions, and outsourcing still pose challenges.
DTCC Developing Derivatives Industry Infrastructure, and more
News  |  2/16/2006  | 
DTCC Plans Derivatives Processing Support, Interpay and Transaktioninstitut Agree to Merger, HSBC Delivers Mobile Data With Tradermade, Mexican Banks Select TIBCO Staffware Process Suit
FutureTrade Partners With QSG for Transaction Cost Analysis
News  |  2/16/2006  | 
FutureTrade Partners With QSG for Transaction Cost Analysis, FIX CITY Enhances IOI Feed for Buy Side, BNY Brokerage Provides Algorithms via Bloomberg, Thomson TradeWeb Connects With Fannie Mae Discount Notes
JPMorgan Acquires Hedge Fund Ops, Creates New Business Unit, and more
News  |  2/16/2006  | 
JPMorgan Worldwide Securities Services Acquires Paloma Operations, Bank of America Chooses Pollack to Head Credit and Banking, VanthedgePoint to Offer Advent's Geneva to Clients, BISYS Signs Four Funds
Morgan Stanley Settles E-Mail Dispute for $15 Million, and more
News  |  2/16/2006  | 
Morgan Stanley Offers $15 Million to Settle SEC Probe, CIBC World Markets Chooses GoldenSource for AML Compliance, Wells Fargo Picks Reveleus for Basel II, Passfaces Upgrades Its Authentication Solution
Morgan Stanley Settles E-Mail Dispute for $15 Million, and more
News  |  2/16/2006  | 
Morgan Stanley Offers $15 Million to Settle SEC Probe, CIBC World Markets Chooses GoldenSource for AML Compliance, Wells Fargo Picks Reveleus for Basel II, Passfaces Upgrades Its Authentication Solution
NYSE Regulation to Launch Ask Market Surveillance
News  |  2/16/2006  | 
Member firms and their compliance staffs will soon be able to search an online database for interpretive guidance on NYSE trading rules and submit questions to the NYSE's market surveillance staff.
Archipelago CTO, Steve Rubinow Discusses Front-Office IM Use
News  |  2/15/2006  | 
Listen to this episode By Cory Levine, Associate Editor Instant messaging is increasingly being used as a means for traders to increase the efficiency of their communications. Listen to Steve Rubinow, CTO of Archipelago Holdings discuss the use of IM in his business. Steve explicates the ways in which his business co
Little Confidence In Online Banking
News  |  2/14/2006  | 
The United Kingdom's Financial Services Authority has characterized consumer confidence in online banking as "fragile."
Small Businesses Big Biz for Banks
News  |  2/14/2006  | 
Capturing small businesses as banking customers will be a top priority for many banks this year.
Data Standards Take a Hit
News  |  2/14/2006  | 
With no fewer than five different data format "standards" currently in use industrywide the financial services industry is in desperate need of a universally agreed upon solution.
Hedgies Open Their Wallets
News  |  2/14/2006  | 
According to Greenwich Associates, the credibility afforded by SEC registration may become a necessary qualification for hedge funds .
Vetting Fraud Solutions
News  |  2/14/2006  | 
As competition in the fraud management space increases, Aite Group has issued recommendations for financial institutions.
Prioritizing for 06
News  |  2/14/2006  | 
Hybrid Outsourcing
News  |  2/14/2006  | 
Brokerages must upgrade their core back-office clearing and settlement systems to handle the growth in alternative investments.
Keeping Tabs
News  |  2/14/2006  | 
Holistic Information Availability
News  |  2/14/2006  | 
The securities sector's recovery strategies have always been valuable, but now a more proactive approach is needed to ensure information availability.
Aggregation: Back to the Future
News  |  2/14/2006  | 
Aggregation was dead. Except for the recent acquisition of RealTick/Townsend Analytics by Lehman Brothers, the aggregation business has been in the doldrums for the past year and a half.
Morris to Cohead BNY Program Trading
News  |  2/14/2006  | 
Bank of New York subsidiary BNY Brokerage promoted Derek Morris from SVP of program trading sales to cohead of the program trading business.
DTCC Hires Derivatives Expert
News  |  2/14/2006  | 
Derivatives processing authority Bill Stenning joined the Depository Trust & Clearing Corp. (DTCC) as VP of business development.
Trading Technologies Trades Up
News  |  2/14/2006  | 
Chicago-based Trading Technologies International (TT) has launched X_TRADER 7, the next generation of its X_TRADER trading platform.
Stealth Algorithm
News  |  2/14/2006  | 
Instinet (New York) unveiled Cobra, a stealth algorithm that, according to the company, removes portions of liquidity when available, leaving the stock's spread unchanged.
Partnership Offers Grid Solution
News  |  2/14/2006  | 
ClearCube Technology (Austin, Texas) and DataSynapse (New York) have partnered to offer a combination hardware and software platform for grid computing.
CIO Challenge
News  |  2/14/2006  | 
THE CHALLENGE: Business continuity means more than backing up data. To ensure that business disruptions don't shut down operations, firms must provide employees with remote access to critical systems, which can be more challenging than keeping the systems running in the first place.
Security Begins at the Start
News  |  2/14/2006  | 
The DTCC is working to integrate security into the beginning stages of the application development process.
Brokerage Teams Tackle Reg NMS as Deadline Looms
News  |  2/14/2006  | 
Reg NMS teams are swinging into action at brokerage firms as the June 29 deadline looms. But with so many rule clarifications still pending, preparations likely will come down to the wire.
Prime Time for Primes
News  |  2/14/2006  | 
As competition heats up, hedge fund servicing providers must choose a service model: full-service prime brokerage or specialized 'mini-prime.'
Jumping Into the (Pension) Pool
News  |  2/13/2006  | 
Northern Trust has found that creating a tax-transparent, cross-border pension vehicle poses more than just technological challenges.
Compliance for Less
News  |  2/13/2006  | 
Despite personnel and budget constraints, two small firms find proven solutions to fulfill their compliance needs.
Repo Invasion
News  |  2/13/2006  | 
Tullett Prebon and BGC are launching platforms to compete against ICAP's BrokerTec, the dominant player in repo trading.
Ticktock, Ticktock
News  |  2/13/2006  | 
Sometimes, time is on your side; sometimes, it's not.
CitiGroup's Ileana van der Linde on Next-Gen Advisor Platforms
News  |  2/10/2006  | 
Listen to this episode As part of their effort to enhance the service offering to high-net worth clients, Citigroup Private Bank developed a Wed-based platform called "The Relationship Report." Ileana van der Linde, global director of Internet strategy for Citigroup speaks on the development of this platform and how it is giv
Trading Newsflashes: EZX Connects Buy Side to Liquidnet
News  |  2/9/2006  | 
EZX Connects Buy Side to Liquidnet, Tullett Prebon Launches SwapMarker Plus, ATD Receives NASD Approval to Expand Market Making
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News  |  2/9/2006  | 
Electronic Proxy Voting Platform Goes Live in Japan, EdgeTrade Chooses Wombat for Connectivity, Calamos Using BT for Voice Trading
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News  |  2/9/2006  | 
RGIA to Use Contango Platform for Alternative Investments, Evercore Asset Management Sends Its Back Office to Mellon, MAXAM Selects Backstop for Research and Reporting, Pacific Select Group Chooses SunGuard's Protegent Surveillance for Broker Compliance
Compliance Newsflashes: NYSE Brings Down the Hammer on Bear Stearns, and more
News  |  2/9/2006  | 
NYSE Fines Bear Stearns $1.5 Million, New Web Training From NYSE, Asset Control Partners With b-next for MiFID Compliance.
Credit Suisse Registers ATS to Boost Transparency
News  |  2/9/2006  | 
Credit Suisse refutes published reports that it's transforming CrossFinder into a public block crossing network.
The Devil in the Details: Complying With the PATRIOT Act
News  |  2/7/2006  | 
Financial institutions opening correspondent accounts or private banking accounts will have to do their homework, and technology can help -- to an extent.
WS&T Radio: TowerGroup's Matt Nelson Shares Data from New Reference Data Management Survey
News  |  2/6/2006  | 
Listen to this episode TowerGroups 2005 Reference Data Survey reveals that financial firms are spending more on reference data and that the reference data market has matured considerably since 2002. Also, firms are cautiously playing a wait-and-see game when it comes to outsourcing reference data management. Background Music
Operations Newsflashes: JPMorgan Creates 100 New Jobs, and more
News  |  2/2/2006  | 
JPMorgan Adds 100 New Positions to Glasgow Operation, BNY Brokerage Expands Boston Office, NYMEX Connects to BT Radianz Extranet, Citadel and EDI Partner to Offer Corporate Actions Data
Mellon Names New CEO, Fidelity Develops New Managed Account Programs, Bear Stearns and RiskMetrics Form Partnership Offering
News  |  2/2/2006  | 
Kelly Takes the Big Chair at Mellon, Fidelity and National Financial Roll Out New Managed Account Programs, Bear Stearns to Distribute RiskMetrics Platform
Japanese Banks Select RSA SecurID Tags, and more
News  |  2/2/2006  | 
Japanese Online Banking Customers Get a New Gizmo, R.R. Donnelley and EDGAR Online Offer Reporting Compliance Solution, Axentis Offers New Integration Platform
TD Ameritrade CIO Bartlett Tackles Platform Integration for Ameritrade and TD Waterhouse Legacy Systems
News  |  2/1/2006  | 
Listen to Jerry Bartlett now At the new TD Ameritrade's kick off event at the NASDAQ market site in Times Square on January 25, WS&T editor Greg MacSweeney catches up with Jerry Bartlett, CIO of TD Ameritrade, who discusses the challenges of integrating systems from two previously separate companies -- Ameritrade and TD Waterhouse -- whi


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