A New Era of Change at the NYSE
Larry Leibowitz, executive vice president, head of U.S. markets and global technology at NYSE Euronext Group, was a refreshing keynote at this year's TowerGroup Financial Services Business & Technology Conference in Boston.
Drop in Housing Starts Indicates Unemployment Is Headed to 9%
Where is the economy headed? Some "experts" say the economy is ready to rebound, after a short contraction. Others think that the economy is just at the beginning of a long and painful recession. However, the truth may be hidden in data that tracks housing starts, according to University of San Francisco business professor Jon Fisher, who previously founded and sold his online authentication company Bharosa to Oracle. Fisher
Latency Risk Exposure On the Rise
In 2008, 16 percent of all U.S. institutional equity commissions are exposed to latency risk, totaling $2 billion, according to a new report from the TABB Group.
Mitsubishi UFJ Securities Rates Group Getting A Tech Makeover
The rates trading group at Mitsubishi UFJ Securities, part of Mitsubishi UFJ Financial Group (the largest financial institution in the world in total assets), is putting new technology behind its approach to relative value pricing and dissemination of market data. The group, which was formed in March 2006 and now employs 50 people, is installing a real-time tick database and low-latency price distribution technology.
Cox Joins Barclays; Northern Trust Promotes Daswani; The Depository Trust & Clearing Corp. Names Four Members to Board of Directors.
Magee Joins Information Mosaic as COO
Kevin Magee, who will lead the company's expansion, says Information Mosaic needs to continue creating products that will satisfy the needs of a market heavily dependent on customization in order to run its business.
Goldman Sachs Enhances REDIPlus EMS
Version 8.0 of GSET's REDIPlus proprietary execution management system includes a revamped front end, additional foreign languages, and expanded algorithmic offerings.
Optimizing the Web for Sales
Fund companies should view the Web as a 24/7 wholesaler that can extend a broader reach to investment advisers than the distribution team of any single asset manager, says kasina.