News & Commentary
Content posted in March 2003
Page 1 / 2   >   >>
Nasdaq Launches Liquidity Flags to Boost SuperMontageVolume
News  |  3/28/2003  | 
In a strategy to broaden participation in SuperMontage, Nasdaq implemented liquidity flags to help professional traders track their profits and losses from liquidity rebates and access charges in real-time. It's all part of move to win back market share from ECNs.
Automated-Allocation Tool Targets Smaller Investment Managers
News  |  3/28/2003  | 
Some large broker/dealers, tired of receiving faxes from lower-tier investment managers, have worked with Omgeo to develop a Web-based allocation solution.
Market Data Dilemmas
News  |  3/28/2003  | 
Industry leaders Focus on Data Centralization to Improve Data Quality
Electronic Trading Briefs
News  |  3/28/2003  | 
Charles River Development certifies FIX connectivity with Salomon Smith Barney. ; The International Securities Exchange (ISE) launches a virtual-private-network connectivity solution. ; Fxall signs an exclusive agreement with Moneyline Telerate to distribute FX quote data on hundreds of foreign currency pairs.
Market Data Briefs
News  |  3/28/2003  | 
HelioGraph announces the appointment of Simon Strong to its corporate-actions team. ; StatementOne announces that Triad Advisors agrees to integrate consolidated portfolio-accounting and performance-reporting solution into its technology infrastructure. ; Moneyline Telerate and Fxall announce that Moneyline Telerate has become the exclusive enterprise licensee.
Risk Management Tech Briefs
News  |  3/28/2003  | 
Rolfe & Nolan says the company will de-list from the London Stock Exchange. ; The International Securities Exchange (ISE) launches a virtual-private-network connectivity solution. ; Deutsche Brose AG expects earnings before interest and taxes (EBIT) to total $470.8 million to $492.2 million, according to chief financial officer Mathias Hlubek.
Investment Management Tech Briefs
News  |  3/28/2003  | 
Parnassus Investments recently implemented MFACT. ; Charles River Development certifies FIX connectivity with Salomon Smith Barney. ; Bear Stearns signs as the first to participate in the online FX auction system, Forexster. ; Investment management firms now get sales reporting information from a product that combines Access Data's SalesVision with Onyx Enterprise CRM. ; Searchspace has launches AML Sentinel Version 4.0.
Operations Briefs
News  |  3/28/2003  | 
JPMorgan Investor Services is appointed by ISIS Asset Management as custodian. ; ADP Securities Industry Software announces two new outsourcing clients for its securities-transaction-processing platform. ; John Gaudioso has joined JPMorgan Investor Services to head up sales and relationship management for non-custodial lending in the Western Hemisphere.
The Bond Market Association Gears Up for Emergency Trading
News  |  3/20/2003  | 
As the U.S. war begins with Iraq, The Bond Market Association is prepared to serve as a central-communications point for member firms and regulators. In case of an emergency, it will bring all parties together to focus on keeping the markets open.
Buy-Side Firms To Brokers: Operational Efficiency Matters
News  |  3/20/2003  | 
A new survey indicates that investment managers are more concerned than people might think about their broker's back-office efficiency.
Fischer Francis Signs with Advent
News  |  3/20/2003  | 
Asset management firm demonstrates Geneva's global functionality
The Gomez Performance Index - Year In Review
News  |  3/20/2003  | 
Looking back on 2002, Web site performance played a significant role in how financial-services firms evaluated the effectiveness of their online offerings.
Electronic Trading
News  |  3/20/2003  | 
The Bond Market Association sends letter to Securities and Exchange Commission regarding a focus on keeping fixed-income markets open during times of emergency. ; To comply with the SEC, Northwestern Mutual is the most recent firm to license the ITG Fair Value Model from Investment Technology Group, Inc. ; Dundee Securities reports that Syntegra completes a project to provide scalable voice-trading technology to its Toronto trading room. ; BNY Brokerage signs an agreement to acquire asset
Market Data
News  |  3/20/2003  | 
XcitekSolutionsPlus and Asset Control make alliance to integrate their solutions. ;Credit Market Analysis announces it will use creditex's credit-default-swap pricing data to improve offerings. ;STP vendor SmartStream Technologies acquires privately held Effective Solutions Inc. ;Financial Sciences Corporation, Inc. announces working with Reuters to implement an interface that will allow for electronic dissemination of commercial- paper-offering rates.
Risk Management
News  |  3/20/2003  | 
;Soros Fund Management LLC licenses Algo Collateral solution for OTC derivative margining from Algorithmics Incorporated. ;The European Bank for Reconstruction and Development goes live with Accurate Software's Operational Risk Management solution. ;On April 9th, Derivatech will sponsor a free Lepus seminar. See www.lepus.co.uk for more information.
Investment Management Technology
News  |  3/20/2003  | 
Texas-based Barbnet selects SolutionForge to provide FIX.NET Server. ;Soros Fund Management LLC serves as advisor to Quantum Group of Funds choosing Algorithmics' Algo Collateral to help manage risk. ;Macgregor and Global Securities Consulting Services form an alliance to create a solution for fund managers. ;Union Planters Corporation implements wealth-management solution from SunGard Wealth Management Solutions. ;Touchstone Investments chooses Brown Brothers Harriman as global custodian
Operations
News  |  3/20/2003  | 
XcitekSolutionsPlus and Asset Control make alliance to integrate their solutions. ; ABN AMRO announces Bank Julius Baer as first Swiss institution to award them a CLS third-party-services mandate. ;Trema announces DekaBank to go live with Finance KIT.
Harborside+ Ups the Ante on Liquidity
News  |  3/13/2003  | 
Harborside+ reports that liquidity, trading volume and number of buy-and sell-side users has doubled over the last quarter. But, the hybrid equity-trading-system faces a tough fight against Liquidnet, it's main challenger.
Analyst Doesn’t See T+1 Till 2010
News  |  3/13/2003  | 
Despite the fact that T+1 seems a distant memory, many consultants and analysts keep singing the STP tune.
Ready for Risk Management
News  |  3/13/2003  | 
Buy-side firm teams up with vendor to implement and promote compliance technology.
Electronic Trading Briefs
News  |  3/13/2003  | 
MGEX agrees to provide licensing of the RANorder MGEXpress API to Rolfe & Nolan Systems Inc.'s entire RANorder client base; Cynthia Zeltwanger is named president and CEO of Fimat USA, Inc; Customers of FlexTrade Systems can now access The New York Stock Exchange's OpenBook via FlexTrader.
Market Data Briefs
News  |  3/13/2003  | 
Thomson Financial announces five-year agreement to provide 3300 Thomson Workstations, market data and services to RBC Investments; Reveleus announces selection by the International Monetary Fund for its Treasury department; SunGard Market Data Services and Wall Street Source Inc. announce a new joint offering aimed at the institutional market.
Risk Management Briefs
News  |  3/13/2003  | 
Commonwealth Bank of Australia goes live with SunGard Trading Systems/FRONT eGlobal Trader; Creditex opens Singapore office in response to the global credit-derivatives market; Unicredit Servizi Informativi goes live with Rolfe & Nolan's RANmargin product.
Investment Technology Briefs
News  |  3/13/2003  | 
Pro Cap, LLC selects Web-based wealth-management platform from eMoney Advisor; Stifel, Nicolaus & Company selects Placemark Investment's TOTAL Overlay Portfolio Management Services to help its investment executives; New compliance and portfolio management solution develops to interface Eagle Investment Systems and Charles River Development.
Operations Briefs
News  |  3/13/2003  | 
Netik announces the launch of its SwiftNet Gateway product, TurboGateway; Mercator Software, Inc. announces completion of conformance testing with Omgeo Central Trade Manager; Research from SunGard eProcess Intelligence says global top 500 banks predict strong growth for the delivery of customer-based Web services.
All That Glitters
News  |  3/12/2003  | 
The Data-Management Challenge
News  |  3/12/2003  | 
Goldman VP Joins Business Technology Partners
News  |  3/12/2003  | 
Michael Reilly has joined Business Technology Partners as project manager.
TowerGroup Adds Senior Manager to Streamline Business
News  |  3/12/2003  | 
Maureen Hesney, formerly senior vice president of Gartner, has joined TowerGroup as senior vice president
Asset Managers Forum Names New Executive Director
News  |  3/12/2003  | 
Kenneth Juster has been promoted to executive director of the Asset Managers Forum.
Sun and B2Bits Offer FIX at Monthly Rate
News  |  3/12/2003  | 
Sun Microsystems and B2Bits are testing preloaded FIX hardware and software with buy- and sell-side customers for a monthly rental fee.
Revere Offers Real-Time Data Through Savvis
News  |  3/12/2003  | 
Revere is now making its Revere RealTime available via Savvis' Financial Xchange
Polycom Offers Integrated Conferencing
News  |  3/12/2003  | 
Pleasanton, Calif.-based Polycom has released a new conferencing-collaboration system
A Conversation with CSFB’s Ciaran Henry
News  |  3/12/2003  | 
My first impression of Ciaran Henry was that he was all business.
The Challenge
News  |  3/12/2003  | 
Finding the right technology vendor in a sea of offerings is no easy task.
SwiftNet Migration is Major Undertaking
News  |  3/12/2003  | 
Swift is, once again, asking its users to invest large quantities of money and time in a mandated technology conversion.
Bonds & the Buy Side
News  |  3/12/2003  | 
Though far behind equities, investment-management firms are starting to bring greater automation and efficiency to their fixed-income trading.
Hedge Fund Benefits From New Connectivity
News  |  3/12/2003  | 
Maple Leaf Capital recently came one step closer to straight-through processing when two of its vendors linked their systems.
Slapping On the Cuffs
News  |  3/12/2003  | 
Will new restrictions being placed on portfolio managers bring about risk reduction or simply reduce the potential for profit?
Nasdaq Duels NYSE for Best Execution
News  |  3/12/2003  | 
Armed with new statistics, Nasdaq claims that its electronic, distributed market of dealers and ECNs can execute S&P 500 stocks faster and cheaper than the NYSE.
Fimat Deals Its Clients a New Hand
News  |  3/12/2003  | 
Fimat is testing an Internet-based dealing solution from Warsaw to Winnepeg, giving FX players an electronic-trading platform focused on one-stop shopping.
Next on the FIX Hit List: Bonds and Derivatives
News  |  3/12/2003  | 
Experts say that 2003 is shaping up to be the year of FIX.
Girding for Grid
News  |  3/12/2003  | 
Financial institutions expand into derivatives and fixed income building complex, distributed-computing environments, networking high-end Unix servers to meet the needs of traders and risk managers
Merrill’s New Man on the Mic
News  |  3/12/2003  | 
From the Visionary to the Pragmatist: The replacement of John McKinley with John Cummings signals a new era for Merrill Lynch's tech department.
Buy Side Reluctant to Spend on Risk
News  |  3/12/2003  | 
Many respondents to a recent CarbonBased Consulting survey of 230 buy-side organizations say they are still reluctant to spend on risk management.
Page 1 / 2   >   >>


Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - Elite 8
The in-depth profiles of this year's Elite 8 honorees focus on leadership, talent recruitment, big data, analytics, mobile, and more.
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.