News & Commentary
Content posted in March 2000
New European ISV Eyes Entrance Into U.S; NYSE, ISE, CBOE and CME on Hit List
News  |  3/31/2000  | 
Within the next year, Actant hopes to interconnect its electronic market making system with a multitude of U.S. exchanges and a pair of ECNs.
Internet-based Front End in the Works For Island ECN
News  |  3/31/2000  | 
Inlet is expected to be in full production mode in the next couple of months
Northern Trust Installing Tumbleweed for Private Bank; Considering for Institutional Clients and Money Managers
News  |  3/31/2000  | 
Firm expects to have IME installed in the second quarter.
Sectorbase.com Enhances Technology Infrastructure, Releases New Tool
News  |  3/31/2000  | 
Recent technology upgrades include the move to Oracle 8I and a separation of database and Web servers.
Infinity to Deliver Portfolio Analytics via ASP Model
News  |  3/31/2000  | 
The product is aimed at financial institutions, including banks and investment managers.
Trading Technologies Segments Front-End Products
News  |  3/31/2000  | 
Four separate products will be aimed at different target audiences in the trading community.
Bessemer Trust Partners with DLJDirect to Avoid Major Technology Enhancements
News  |  3/31/2000  | 
Rather than installing all the technology in-house, Bessemer partners with an established online player, a decidedly quick and easy fix.
Lava Trading Receives Investment from IFP; Seeks to Become CLOB
News  |  3/31/2000  | 
Lava may potentially become the central limit order book that investors have been asking for.
DTCC Investigating Expansion of FIX to Include Mutual Funds
News  |  3/24/2000  | 
DTCC will also be working with ISITC on adding mutual fund data fields to the ISO15022 data field dictionary.
New Commodities Exchange On the Horizon
News  |  3/24/2000  | 
Seven large U.S. and European financial institutions have joined forces to launch the IntercontinentalExchange.
CME Eyes E-Business, Restructures Management; CIO Jenks and COO Beyers Quit
News  |  3/24/2000  | 
CME's restructuring calls for the creation of a new management team consisting of nine managing directors.
Fimat Goes Live with Exchange Gateway
News  |  3/24/2000  | 
Fimat expects to begin rolling out Fimatrade at client sites in July.
J.P. Morgan Advisors Going Live with WorldStreet Wealth Advisor
News  |  3/24/2000  | 
The high net-worth investment management division of J.P. Morgan is completing user testing and will switch over its entire New York office this week.
PlanSponsorExchange.com Redesign Site; Changes Name to InvestorForce.com
News  |  3/24/2000  | 
The site has seen its user base grow to 1300 registered plan sponsors.
BOTCC Rewrites Software for CBOT/Eurex, Rejects Potential Cross-Margining Link
News  |  3/24/2000  | 
BOTCC is tweaking its internal system to account for differences in the way Project A and Eurex present trades.
T. Rowe Price Turns to Tivoli Policy Director for Extended Web Security…and Presence
News  |  3/17/2000  | 
Firm will add ability to upload more applications and functions to its secure Web site.
Multex.com Looks to Sage Online Acquisition For Better Mutual Fund Penetration, Live Events
News  |  3/17/2000  | 
Multex.com acquires Sage Online for an unspecified amount of money.
J.P. Morgan Advisory Services Moves Online With IBM; Outsourcing Hosting to Digex
News  |  3/17/2000  | 
J.P. Morgan Advisors will spend the next couple of months porting Morgan Online to its WebSphere Internet infrastructure.
Nasdaq ECNs Weigh in on NASD's Request to Postpone Decimalization
News  |  3/17/2000  | 
there is some disagreement about whether the NASD is justified in asking for an extension for its conversion to decimals.
Australian Futures Broker Eyes Links to Major Derivatives Markets
News  |  3/17/2000  | 
United Capital Services is thinking of tweaking its platform to connect to several major exchanges.
Achipelago Joins Forces with The Pacific Exchange; All-Electronic Equity Market on the Horizon
News  |  3/17/2000  | 
Archipelago will provide the Pacific with a trading engine that will serve as the heart of its equity business.
In Brief
News  |  3/17/2000  | 
NASD Initiates Restructuring with Member Vote and Private Placement Plan
News  |  3/17/2000  | 
NASD members will vote on the proposed restructuring at a special meeting on April 14.
Morningstar Set To Launch Central Portal for Financial Advisors
News  |  3/17/2000  | 
The site will aggregate information and allow advisors to interact among themselves and with institutions such as fund companies.
In Brief
News  |  3/17/2000  | 
Dreyfus Installing DST’s AWDST to Automate NAV Processing
News  |  3/10/2000  | 
DST Systems’ AWDST (Automated Work Distributor Straight-Through) will automate many previously manual accounting processes.
Princeton Financial Systems Company and Product Information Page
News  |  3/10/2000  | 
600 College Road East, Princeton, NJ 08540, USA
Contact Name/Title: Kelly O'Neill, Marketing Associate
Email Address: koneill@pfs.com
Web Address: www.pfs.com
HP to Provide Hardware, Cash to ePit
News  |  3/10/2000  | 
ePit, which sells a trading engine that simulates open outcry trading, will receive all of its hardware infrastructure, plus $8 million in financing, from HP. In return, HP will receive a minority equity stake in ePit.
In Brief
News  |  3/10/2000  | 
Advent Releases Trusted Network; Will Collect and Distribute Client Data
News  |  3/10/2000  | 
TrustedNetwork allows investment managers to glean client information residing at other buy-side firms.
Australian FCM Rolls SYCOM Interface for Professional Clients; Retail Traders Up Next
News  |  3/10/2000  | 
Dubbed TraderSpace, the interface has thus far been installed in support of 60 of UCS’ professional trader clients. Eventually, the application will also be deployed for the FCM’s retail clients.
FinancialPlanAuditors.com Releases Action Packed Site for FA’s
News  |  3/3/2000  | 
FinancialPlanAuditors.com, renamed last week FinanceWare, has upgraded its FinancialPlanAuditors.com site from a basic directory of financial advisors to a place where FA’s and their clients can meet and work on a portfolio in an interactive fashion.


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