News & Commentary
Content posted in July 1999
IN BRIEF
News  |  7/30/1999  | 
With reports from The New York Stock Exchange, Nasdaq, Easdaq and The Spanish Financial Derivatives Exchange.
European Bond Trading Expanding With EuroMTS
News  |  7/30/1999  | 
IBM and the Societa Interbancaria per l'Automazione (SIA) are touting the success of the new electronic wholesale trading market for European benchmark bonds.
Chartwell and Bessemer Choose MacGregor
News  |  7/30/1999  | 
Chartwell Investment Partners and the Bessemer Group are set to go live with the MacGregor Group's Predator trade order management (TOM) system.
Archipelago Signs Pact with Instinet, Files for Exchange Status and Preps for Longer Hours
News  |  7/30/1999  | 
Archipelago, which ultimately wants to migrate to a 24-hour trading environment, is also filing an application with the SEC to be registered as a self-regulated stock exchange.
Firstrade Rolls Out w-Trade Wireless Trading System
News  |  7/26/1999  | 
Firstrade Securities is rolling out w-Trade Technologies' Wireless Trading System in support of its traders and clients.
All Aboard: Fidelity, Schwab, DLJ and Spear Leeds Form ECN Alliance; Agenda Includes After-Hours Trading
News  |  7/26/1999  | 
The yet-to-be-named ECN will be registered as a broker/dealer and is scheduled to go live by September.
Evergreen Looks to Open Source Codes
News  |  7/26/1999  | 
The Evergreen Funds has begun to rely evermore on XML (Extensible Markup Language) and Linux as primary ingredients in its integration of disparate applications and systems.
IN BRIEF
News  |  7/26/1999  | 
With reports from WinningDayTraders.com, The Chicago Mercantile Exchange, Investment Technology Group, Asahi Bank Ltd and The Chicago Board of Trade.
BT, IPC Launch Turret Software
News  |  7/21/1999  | 
IPC Information Systems and British Telecommunications–the two largest worldwide suppliers of programmable trading telephones–once again tried to outdo each
DTC/NSCC Getting Their Act Together
News  |  7/21/1999  | 
Holding company’s management team now in place.
Dow Jones Launches DJ Day
News  |  7/21/1999  | 
Dow Jones Newswires recently initiated DJ DAY–a new service featuring regularly scheduled programming, including market previews and recaps, calendars, news highlights and point-of-view columns from Newswire reporters and columnists.
Bloomberg Boasts of Partnership With ITG
News  |  7/21/1999  | 
Bloomberg used this year’s SIA show to talk up its recent deal with ITG, in which the two agreed to create a so-called SuperECN that will link Bloomberg’s
Morgan Keegan First for New Flavor of Phase3
News  |  7/20/1999  | 
Memphis-based retail brokerage is the first firm to roll out Phase3 Integrated Broker Desktop, the fledgling SunGard Brokerage/Plaid Brothers collaboration.
Barclays Capital Installs NEC Flat Panels for N.Y.C. Traders
News  |  7/20/1999  | 
Barclays Capital has rolled out flat-panel-display (FPD) monitors in support of its full complement of 300 traders on its New York City-based trading floor. The firm, which has equipped each of its traders
Danish Powerhouse Beefs Up Back Office
News  |  7/20/1999  | 
A member of the Copenhagen Stock Exchange for more than ten years, soon to become a member of Eurex, and the fifth largest financial institution in Denmark with some DKK 47.7 billion
DTC Data Added to BondEdge
News  |  7/20/1999  | 
The Depository Trust Company (DTC) is now integrated into Capital Management Sciences’ BondEdge product.
Full-Service Brokerages Begin to Embrace the Internet ... Finally
News  |  7/20/1999  | 
It emanated through the U.S. brokerage community like the proverbial shot heard around the world: "Merrill Lynch to offer online discount trading."
Bloomberg Upgrades Server Pact with Sun
News  |  7/20/1999  | 
Sun Microsystems has agreed to a deal with Bloomberg Financial Markets that calls for Bloomberg to run its market data engine on 10 of Sun’s Unix-based E10000 servers.
Deutsche Financial Adds Needed Insight
News  |  7/20/1999  | 
Deutsche Financial Services recently found an important piece in a risk management puzzle. It came in the form of BancWare's Insight loan portfolio analysis tool.
Buy- and Sell-Side Firms Look to Thomson ESG to Gauge STP Efficiency
News  |  7/20/1999  | 
Just how fast are we communicating trade information? Offer financial services firms an effective way to gauge straight-through processing.
DLJ's Pershing and Scherrer Resources Reach Agreement on Broker's Ally Pro
News  |  7/20/1999  | 
The Pershing division of Donaldson, Lufkin & Jenrette and Scherrer Resources, have come to terms on joint licensing, marketing, and technical transfer agreement.
Brown Brothers Reportedly Considers Charles River, Bloomberg For Trade Order Management
News  |  7/19/1999  | 
Brown Brothers Harriman Investment Management is close to the end of its search for a trade order management (TOM) system, reportedly narrowing its selection to Charles River Development and Bloomberg.
A.W. Bertsche Looks to Eze Castle to Promote Communication Between Brokers and Institutions
News  |  7/19/1999  | 
Only a couple of weeks after the firm tapped into the Autex's TradeRoute+ order routing and execution network, A.W. Bertsch has signed with Eze Castle for ez-eXchange, its communication platform, as well as its trade order management system (TOM).
A.W. Bertsch Signs Order Routing and Communications Pact With Eze Castle
News  |  7/16/1999  | 
Only weeks after tapping into the AutEx's TradeRoute+ order routing and execution network, A.W. Bertsch signs a deal to use to a pair of systems from Eze Castle.
IN BRIEF
News  |  7/16/1999  | 
With reports from TRADEHARD.COM, the Chicago Mercantile Exchange and the Securities Industry Association.


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