News & Commentary
Content posted in May 2004
Balance of Power: Capital One’s Split-Focus IT Team
News  |  5/27/2004  | 
Capital One structures tech department to overcome internal conflicts and ensure projects, like grid computing, are a success.
ELECTRONIC TRADING NEWSFLASHES
News  |  5/27/2004  | 
Nasdaq to acquire Brut for $190 million; Charles Schwab beefs up software functionality for active traders; Chicago Merc to provide Reuters' customers with direct futures trading.
RISK MANAGEMENT NEWSFLASHES
News  |  5/27/2004  | 
Pakistani bank licenses Principia System for derivatives; CDC IXIX Asset Management to deploy LatentZero's Sentinel; Algorithmics names John Coady CFO.
IT Spending Rises to $71.5 billion for Global Securities Industry
News  |  5/20/2004  | 
TowerGroup predicts that asset-management technology spending will grow the fastest over the next four years, reversing four years of decline.
ELECTRONIC-TRADING NEWSFLASHES
News  |  5/20/2004  | 
InTrade Deploys AthenaTrader from Aegis Software for Proprietary Trading; TransAct Futures Names Gregory Sabatello President; Lava Trading Increases Equity Stake in Upstream Technologies.
RISK-MANAGEMENT NEWSFLASHES
News  |  5/20/2004  | 
Misys Partners with Almonde; Societe Generale Corporate & Investment Bank Installs OrderTools to Reduce Operational Risk in Foreign Exchange.
Electronic-Trading Newsflashes
News  |  5/13/2004  | 
Patsystems taps Richard Unger to spearhead sales in North America; FNX names Christensen to head Aspen Hedge; Duff & Phelps Investment Management Co. picks LongView Trading; Charles River promotes Field to focus on Asia-Pacific expansion; Nasdaq.com picks eSignal as data supplier
http://login.cmp.com/user/login.jhtml;jsessionid=null?siteId=300001&successfulLoginRedirect=http%3A//www.informationweek.comnull
News  |  5/13/2004  | 
Banca Intesa to deploy Tamesis for credit-derivatives trading; NumeriX promotes O'Hanlon to president and COO
Dreyfus Considers SAS for Reporting
News  |  5/13/2004  | 
IT exec at asset management firm moves SAS from capacity planning to analytics, and now, potentially to reporting as well.
Google Going Dutch
News  |  5/13/2004  | 
Google has thrown a wrench in its much anticipated initial public offering. Rather than go the run of the mill route of hiring a traditional underwriter, Google is bringing back the Dutch auction, first introduced in the late 90s. Larry Tabb, CEO of The Tabb Group, tells us why he believes this is a very smart move.
CBOE to Allow Screen-based Market Makers to Stream Quotes
News  |  5/6/2004  | 
The Chicago Board Options Exchange is going to let traders stream quotes without being physically located on the floor. It's all part of the CBOE's hybrid trading model, which is preparing for phase two just as its rival, the all-electronic ISE, announces an IPO.
Risk Management Newsflashes
News  |  5/6/2004  | 
Global Fund Services Division of Bank of Bermuda introduces GFSRiskPlus; ADP Brokerage Services Group launches service-bureau-based compliance platform built with Mantas.
Electronic-Trading Newsflashes
News  |  5/6/2004  | 
JPMorgan and Banc of America Securities partner with Charles River OMS for algorithmic trading services; Harborside+ promotes Cashel to president and CEO; The Clearing Corporation seeks U.S. regulatory approval for first phase of Eurex global clearing link; Linedata signs over nine execution destinations for linkage to Long View OMS.


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.