News & Commentary
Content posted in August 2004
Independent Aggregation: An Oxymoron
News  |  8/27/2004  | 
Ah, to be an independent aggregator ... to develop ECN aggregation technology; provide quick and consistent order execution and blazing-fast market data; and get acquired by one of the world's largest brokerages for (I am guessing) gazillions of dollars - that's the life.
Shifting Gears: People & Careers
News  |  8/27/2004  | 
Cusick Named to Regulate PHLX; Arman Falsafi Manages CME Europe and Asia; Jaime Punishill Makes a Career Move; Keeping Tabs
Product Watch
News  |  8/27/2004  | 
LSE Improves Real-Time Data; Portfolio Systems Upgrades; Capco Streamlines Research
Taming Corporate Insecurity
News  |  8/27/2004  | 
The IT department of Acme Corp. is currently in a state of chaos. Servers located throughout the corporate environment are either crashing, rebooting or at such a depleted level of performance that users cannot access them at all.
CIO Challenge - Project Management
News  |  8/27/2004  | 
Ramping up for growth while keeping costs in check is a challenge for any manager.
The ABCs of ASPs
News  |  8/27/2004  | 
The application-service-provider model is gaining momentum as firms seek ways to lower the cost of technology adoption.
Building the Right Team
News  |  8/27/2004  | 
With no sign of waning regulations, compliance officers remain essential to the architecture of the securities industry.
Custodians Target Compliance
News  |  8/27/2004  | 
Firms that lack the technology, data or manpower to monitor compliance are looking to their custodian services for relief.
United, We Stand
News  |  8/27/2004  | 
A consolidated view of clients' holdings may be the Holy Grail of investment management, but is Wall Street ready?
Bracing for Disclosure of Soft Dollars
News  |  8/27/2004  | 
The SEC's examination of soft dollars could require money managers to increase disclosure of costs and force the sell side to unbundle its commissions and separately price its research.
Dear CIO...
Commentary  |  8/27/2004  | 
With sophisticated market data reporting systems, I can report on how often a user accesses any particular service. If an individual uses a service only once a year but still makes $50k on the deal, is it worth it to try to save the fees? Where is the balance?
Up Front
News  |  8/27/2004  | 
Fraudsters Go Phishing; Things Are Looking Up; SOX on the Brain
Bringing India to You
Commentary  |  8/27/2004  | 
Despite the controversy over sending technology jobs to other countries, outsourcing has become a fact of life for financial institutions.
Climbing the Algorithmic Learning Curve
News  |  8/27/2004  | 
In an aggressive push to capture buy-side order flow, brokers are offering a variety of algorithmic trading strategies, but institutions are not sure which model to use.
Algo Trading Lures the Buy Side in a Fragmented Market
News  |  8/27/2004  | 
Buy-side traders find algorithmic trading helps them conceal their trades, boost productivity and measure their performance against benchmarks.
Making Connections
News  |  8/27/2004  | 
Already in control of the desktop, OMS vendors are looking to add direct-market connections.
Going Direct
News  |  8/27/2004  | 
Industry consolidation and the emergence of new asset classes drive direct-market-access technology.
Man Versus Machine
News  |  8/27/2004  | 
With algorithmic trading, it seems like the evolution of electronic trading has taken a quantum leap.
COMPLIANCE NEWSFLASHES
News  |  8/26/2004  | 
NASD Orders First-Ever Suspension of Mutual Fund Business; Laserfiche Launches Upgrade for Compliant Document Management; Janus Capital Management Settles SEC Fraud Charges
Zeman
News  |  8/26/2004  | 
ABN AMRO BEEFS UP FX PRIME BROKERAGE WITH TRAIANA TRM; WESTPAC PICKS CREDIENT FOR MANAGING CREDIT LIMITS; BNY BROKERAGE CONNECTS DEx TO LONGIEW TRADING
INVESTMENT MANAGEMENT NEWSFLASHES
News  |  8/26/2004  | 
Ameritas Acacia Selects eMoney Advisor for Financial Planning Software; ABN AMRO Asset Management Goes Live with LatentZero; TD Securities Selects Eagle Investment Management Solutions
Looking for Trouble: The SEC Upgrades Technology to Be a Better Watchdog
News  |  8/26/2004  | 
Under new IT leadership, the SEC upgrades technology to become a better watchdog and head off scandals that could shake market confidence
CyberTrader Cuts Trading Costs
News  |  8/26/2004  | 
CyberTrader reducing commission rates for active traders by eliminating electronic communication network (ECN) and exchange fees and option charges.
How One Small Investment Adviser Is Making Automation Work
News  |  8/26/2004  | 
For Winward Investment Management, success created its own problems. The Boston investment advisory firm's sudden expansion to over 300 accounts under management a few years ago was leading to serious issues in rebalancing client portfolios.
Compliance Newsflashes
News  |  8/19/2004  | 
ZANTAZ Acquires Steelpoint Technologies; SIA Holds Mutual Fund Reform Updates Conference in October; WatchIT Releases New Program Aimed at Promoting Ethics and Compliance; RedMonk Report Recommends Service Approach to Compliance Issues
Investment Management Newsflashes
News  |  8/19/2004  | 
Torrid Technologies Releases Retirement Savings Planner Program; New Proposals and Legislation to Reinstate Shareholder Trust in Mutual Funds; McDonnell Investment Management Chooses OpSource to Oversee IT Infrastructure
Merrill Lynch Ramps Up Algorithmic Trading Access
News  |  8/19/2004  | 
Merrill Lynch is rolling out its algorithmic-trading strategies to institutional clients via Bloomberg and other third-party systems, signaling that it's becoming more aggressive in marketing its capabilities.
Operations Newsflashes
News  |  8/19/2004  | 
London Stock Exchange to Deliver Corporate Actions Data via SWIFT Network; BNY Securities Upgrades Commission Management Portal
News  |  8/19/2004  | 
"Seize the day" was the general sentiment of a business continuity planning (BCP) conference held in New York City by The Bond Market Association last week.
Electronic Trading Newsflashes
News  |  8/19/2004  | 
Fulcrum Global Partners Inks Nearly $2 million Contract to Use NYFIX Platinum for Trading Listed and OTC Stocks; FPL Global Steering Committee Chooses Two New Co-Chairs; Interactive Data Acquires FutureSource; Cantor Fitzgerald Launches New Voice Brokerage Business
SEC Outlines Its Five-Year IT Plan
News  |  8/12/2004  | 
The SEC has on its agenda collaborative technologies, knowledge management and workflow automation.
Can-Spam Isn’t Doing the Job
News  |  8/12/2004  | 
Data compiled by MX Logic says less than 1 percent of all unsolicited e-mail complies with the law.
Compliance Newsflashes
News  |  8/12/2004  | 
TowerGroup Report Estimates Increases in Compliance Waste; Offers Suggestions; Trema Introduces New Hedge Accounting Module; IT Compliance Conference Scheduled for Dec. 1-3, 2004, in San Francisco; Manulife Financial Implements Confluence's Clear Portfolio to Automate and Expedite Back-Office Procedures
Investment Management Newsflashes
News  |  8/12/2004  | 
Placemark Investments Feature Allows Reps Direct Management Capabilities; Suncorp Investment Management Chooses DSTi's HiRisk Solution; Radianz Makes FTEN's RiskXposure Service Available on Network
Operations Newsflashes
News  |  8/12/2004  | 
Threadneedle Outsources Retail Business to BoNY; ADP Sees Demand for Disclosure of Proxy Voting Overseas
Trading Briefs
News  |  8/12/2004  | 
The Clearing Corporation to Acquire onExchange; TwinFields Selects SunGard; Algorithmics Releases New Basket and Portfolio Analytics; CSFB Partners With Imagine
COMPLIANCE NEWSFLASHES
News  |  8/5/2004  | 
Franklin Advisers Settles Market-Timing Charges With SEC; Fidelity Brokerage Pays $2 Million in Document Alteration and Destruction Penalties
OPERATIONS NEWSFLASHES
News  |  8/5/2004  | 
'Business as Usual' in U.S. Financial Services Sector; ADP Creates New Fee Management System (FMS) for Complex Fee Arrangements; Fortis Securities LLC to Utilize Xcitek's Portfolio Tracking Service
ELECTRONIC TRADING NEWSFLASHES
News  |  8/5/2004  | 
Bloomberg Chooses Cognotec to Deliver Streaming Rates to FX Market; Eurex US Exchange Soars in Volume During Month of July; NYSE's Proposed Improvements to Automated Trading System Supported by SIA; UBS Currently Live on TradeWeb Network
INVESTMENT MANAGEMENT NEWSFLASHES
News  |  8/5/2004  | 
Northstar Capital Management Selects Cainsoft; Eaton Vance Management Chooses IWF Workstation; Radianz Joins Omgeo STP Partners Program; ICC Plan Solutions Enhances Retirement Enrollment Kit
Terrorist Alert Will Prompt Higher Financial Services IT Spending
News  |  8/5/2004  | 
Last weekend's elevation of the terrorist-threat level will cause financial firms to boost IT spending on operational resiliency by nearly 10 percent a year.


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