News & Commentary
Content posted in August 2003
The House that MDDL Built
News  |  8/28/2003  | 
SIIA accelerates the quest for standards with a toolkit from Foliage.
Fleet Sees Payoff In CRM
News  |  8/28/2003  | 
Slow but steady approach to portal development is increasing revenue; bank plans to build on the platform with analytics system.
NEWSFLASHES
News  |  8/28/2003  | 
Zurich Financial Services Australia implements HiPortfolio from DST International; Commercial-mortgage-backed securities pricing added to the Reuters DataScope; The Depository Trust & Clearing Corporation and the Taiwan Securities Central Depository sign general agreement of mutual cooperation.
BCP Lies in Tapping Threat Profiles
News  |  8/26/2003  | 
The solution to the agencies' dilemma lies in tapping the organizations' threat profiles; if we're talking about near-random single-epicenter events such as earthquake, air accident or similar, then yes, the radius of effect determines separation.
Dream a Little Dream
News  |  8/26/2003  | 
Everyone is whispering that it could be time for a market rebound.
Reconciliation Vendors At Forefront of Change
News  |  8/26/2003  | 
According to a report by Financial Insights, reconciliation vendors are looking to the future.
Tech and Biz Execs at Odds over Disaster Preparedness
News  |  8/26/2003  | 
A recent RoperASW poll found wide gaps in data-vulnerability perceptions and disaster-recovery readiness by leaders of major U.S. companies.
Celent Ranks Anti-Money Laundering Vendors
News  |  8/26/2003  | 
Between 2003 and 2005, Celent Communications estimates there will be approximately $632.2 million spent on anti-money-laundering software- related hardware and services.
Earning a Payback on CRM: Smaller Projects, More Homework
News  |  8/26/2003  | 
Financial-services companies struggling with CRM should scale down projects and do more business analysis.
Lost in the Mail
News  |  8/26/2003  | 
Ensuring that your firm has an effective e-document-management system, while continuing to run an efficient business, will take a comprehensive step-by-step approach.
VoIP Comes Through Loud & Clear
News  |  8/26/2003  | 
When Cantor Fitzgerald needed to rebuild its infrastructure following the Sept. 11 tragedy, the firm had to make a decision about its telephones.
Trading the New-Fashioned Way
News  |  8/26/2003  | 
Autotrading may allow financial-services firms to reduce headcount and execute on advanced trading strategies. But is the technology ready to be trusted?
Firms Eye Risk In Regulatory Storm
News  |  8/26/2003  | 
In today's compliance-intensive environment, firms are seeking the most effective way to structure their risk departments.
It’s Raining Market Data, Hallelujah!
News  |  8/26/2003  | 
The introduction of TRACE information adds to the challenge of optimizing market data on corporate-bond-trading desks.
Getting Your Fair Share
News  |  8/26/2003  | 
New technology for shareholder services has many investment managers reviewing their transfer-agency contracts.
Who Will Bid On the GSTPA's TFM?
News  |  8/26/2003  | 
After eating up over 90 million euros of industry funding on its way to bankruptcy court, the GSTPA's TFM will soon be on the auction block.
IT Challenge
News  |  8/26/2003  | 
Auerbach Grayson & Company has built a brokerage business that spans 83 countries by partnering with local brokerages and building a 24X7 international trading system.
Services for Six-Sigma Success
News  |  8/26/2003  | 
Effective customer servicing is the goal of Business Process Management, a new training program being offered by Six Sigma Qualtec.
To Catch a Criminal
News  |  8/26/2003  | 
Mid-tier financial institutions may be interested in an anti-money-laundering and USA Patriot Act solution from Actimize.
Keeping in Compliance
News  |  8/26/2003  | 
The compliance marketplace can now add a new solution to its shelves from LiveOffice Corporation.
NYSE Makes It Official
News  |  8/26/2003  | 
The New York Stock Exchange recently elected Peter Costa to the position of senior floor official.
JPMorgan Woos Citigroup Exec.
News  |  8/26/2003  | 
Teresa McGonagle has been appointed global practice leader in JPMorgan Investor Services' Global Client Group.
Old Presence Lands New Position
News  |  8/26/2003  | 
Industry veteran P. Howard Edelstein has found a new home.
People on the Move
News  |  8/26/2003  | 
Building a Platform for Wealth
News  |  8/22/2003  | 
With the fall off of online investing over the past three years, bankers, brokers, advisers and investment managers have been migrating their organizations toward a holistic view of the retail customer, driven off a compressive financial plan.
WS&T WEEK
News  |  8/21/2003  | 
IT executives at financial-services firms, ECNs and the exchanges had many issues to contend with during the blackout. Below we tell their stories.
Amex Runs Out of Steam
News  |  8/21/2003  | 
The American Stock Exchange had all its bases covered in the event of a power failure -- except one.
Lehman Brothers Stays Together
News  |  8/21/2003  | 
Lehman Brothers' CIO Jon Beyman took August 14th off but didn't have the relaxing day he planned.
ECNs Battle Blackout
News  |  8/21/2003  | 
Electronic-communications networks worked through the night to make sure their customers were plugged in.
NYSE Broker Doesn't Break
News  |  8/21/2003  | 
After getting a workout running up and down 26 flights of stairs, Richard Rosenblatt got right back to work.
Devastated on 9-11; eSpeed Handles Blackout with Ease
News  |  8/21/2003  | 
Advest rerouts calls to get around branches affected by the blackout.
Advest Adapts to Branch Closures
News  |  8/21/2003  | 
Advest rerouts calls to get around branches affected by the blackout.
Outage Knocks Out Small Broker
News  |  8/21/2003  | 
Disaster-recovery sites and backup diesel generators cost money that some smaller players just don't have.
Nasdaq: All Systems Read Go
News  |  8/21/2003  | 
Being an all-electronic exchange, Nasdaq was ready to go when the screens went dark.
Brut ECN To Cut Rates In Battle for Volume
News  |  8/14/2003  | 
Brut ECN is reducing rates for high-volume traders in a move to lure business away from rivals.
Need to Transfer Between Transfer Agencies?
News  |  8/14/2003  | 
Principal Mutual Funds decides to reinvest in its long-time shareholder-accounting partner.
NEWSFLASHES
News  |  8/14/2003  | 
Northern Trust Company announces availability of its Trade Services capability for global institutional-investment managers; Chicago Mercantile Exchange's Globex soon accessible through Sprint; HSBC Bank USA extends use of Calypso to equity-derivatives products.
A "New CRM" for Investment Managers and Advisors
News  |  8/8/2003  | 
Today's CRM technologies feature capabilities that extend far beyond the creation of unified views--including advanced analytic capabilities for leveraging a brokerage's rich repository of centralized data.
Ameritrade Pitches New Interface at Active Traders
News  |  8/7/2003  | 
Ameritrade is rolling out a new interface to active traders that displays liquidity in the Nasdaq Level II feed.
Banking on Data
News  |  8/7/2003  | 
The Bank of New York saves hundreds of thousands of dollars a year using active archive software from Princeton Softech.
This Week's Tech Update
News  |  8/7/2003  | 
This week's tech happenings from around the financial-services industry; including briefs on electronic trading, investment technology, risk management, market data and operations.


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