News & Commentary
Content posted in August 2010
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Slicing the Alpha-Generation Pie
Commentary  |  8/31/2010  | 
In building out their research capabilities, agency brokers are encroaching on the bulge bracket's turf.
A Bright Spot for Agency Brokers
Commentary  |  8/31/2010  | 
As agency brokers expand into the alternative research area, they are becoming alpha generators, which turns out to be a more stable, if not growing, piece of the total commission pie.
Bloomberg Tradebook Sheds Light On Dark Pools With B-Dark Algorithm
News  |  8/31/2010  | 
Agency broker Bloomberg Tradebook is shedding new light on dark pools with the launch of the B-Dark algorithm, a platform the firm says allows traders to execute dark liquidity orders with more control and visibility.
'Flash Crash' Prompts a Rethinking of the Rules
News  |  8/31/2010  | 
The Flash Crash quickly spurred the realization that disparate regulation across the interdependent securities and derivatives markets is ineffective. As a result, the SEC and CFTC are wasting no time taking steps to shore up the market structure and to simplify and harmonize rules for all participants.
Thomson Reuters Brings Elektron Hosting Platform to India
News  |  8/31/2010  | 
Thomson Reuters announced the launch in India of Elektron, its real-time network and hosting platform, as part of a bid to meet soaring demand for fast and cost-effective access to one of the world’s fastest growing markets.
Cross Research Group Joins Pulse Trading's Independent Research Platform
News  |  8/31/2010  | 
Cross Research's analysts provides focuses on the global tech sector.
Knight Direct Joins the Orc ExNet Broker Connectivity Network
News  |  8/31/2010  | 
Knight Direct will offer its suite of execution algorithms to Orc's trading customers.
Thomson Reuters Launches Elektron In India
News  |  8/31/2010  | 
Working in collaboration with Netmagic Solutions Pvt., the new facility at the Bombay Stock Exchange will provide co-location hosting with a managed application environment, low latency connectivity to local market data and access to the Elektron global real-time network.
EXQIM Chooses OneTick for Quantitative Strategy Development
News  |  8/30/2010  | 
French investment manager selects unified CEP and Database system rather than multiple systems.
Newedge Warns of International Regulatory Arbitrage in OTC Derivatives
News  |  8/30/2010  | 
Supports regulatory harmony between the European Commissions proposals and the U.S Dodd-Frank Bill's private clearing initiatives.
Bloomberg Tradebook Forges Dark Pool Transparency Agreements
News  |  8/30/2010  | 
Tradebook also launched its B-Dark algorithm, which contains the first analytic to deliver real-time venue transparency in dark pools, allowing traders to execute dark liquidity orders with more control and visibility.
Voltaire Announces High Density 10 GbE Switch for Efficient Scaling of Cloud Networks
News  |  8/30/2010  | 
Top-of-rack switch delivers new virtualization and converged data center capabilities.
UBS Trading Floor
Trading Floors  |  8/29/2010  | 
With 1,400 seats, 2,000 computers and 5,000 monitors, the UBS trading floor is noted by the Guinness Book of World Records as the largest single trading floor in the world.
Bats Europe to Roll Out Depository Receipt Trading
News  |  8/27/2010  | 
Bats Europe announced plans to launch trading of depository receipts on its integrated book and dark book pending regulatory approval.
NYSE Euronext Completes Migration of NYSE and NYSE Amex to U.S. Data Center
News  |  8/27/2010  | 
With the NYSE and NYSE Amex equities primary matching engines now inside the new data center, NYSE Euronext will begin the migration of its other markets as well as NYSE Technologies' diverse product portfolio that includes co-location services, direct data feeds, and trading infrastructure on-demand.
SEC Adopts New Proxy Voting Rules
News  |  8/26/2010  | 
Shareholders who own at least three percent of a company's shares continuously for the prior three years, would be eligible to nominate directors to a company's board.
Security Expert Chip Tsantes Joins Ernst & Young
News  |  8/26/2010  | 
Tsantes' specific areas of focus includes security program management, threat and vulnerability management, privacy and data protection and identity and access management.
Viodel Communication Solutions Launches Web Portal for Hosted Software Applications
News  |  8/26/2010  | 
Customers can access to software applications from Microsoft, RIM, Cisco and McAfee as a predictable month-to-month subscription service.
Nasdaq OMX Unveils Volatility Target Index
News  |  8/26/2010  | 
Nasdaq OMX Group announced that it will launch a new volatility index in conjunction with Deutsche Bank’s global asset management segment, a system it said is designed to limit risk for investors dealing on the Nasdaq-100 Index.
CBSX Daily Volume Exceeded 100 Million Shares
News  |  8/26/2010  | 
Equity exchange surpassed 100 million shares in daily volume for the first time since it was launched in 2007.
Shore Capital Turns Liquidity Provider via +TRADER Platform
News  |  8/26/2010  | 
The broker will offer Retail Service Provider (RSP) trading to users of +TRADER.
Numerix Expands South Asia Presence With New Seoul Office
News  |  8/25/2010  | 
Numerix, a provider of cross-asset analytics for derivatives valuations and risk management, announced the opening of a new regional office in Seoul, a move the firm said is aimed at capitalizing on the growing South Korean derivatives market.
Nasdaq Teams Up With Tivo
News  |  8/25/2010  | 
Tivo to improve the visual experience and interactive nature of NasdaqMarketSite.
FX Bridge Names Stephen Best CEO
News  |  8/25/2010  | 
FX Bridge Technologies, a provider of FX and options trading platforms, announced it hired Stephen Best as CEO, a post he assumes after a decade of overseeing complex trading strategies at several large firms.
Hong Kong Monetary Authority Chooses Calypso for Trading and Treasury Management
News  |  8/25/2010  | 
Hong Kong's monetary authority will use the system to trade across multiple asset classes, while monitoring the underlying risks in real time.
Hong Kong Monetary Authority Selects Calypso For Trading And Treasury Management
News  |  8/25/2010  | 
The platform will leverage functionality for a variety of front-to-back office tasks including pricing, valuation and risk management.
SimCorp Launches Version 4.8 Of Straight-Through-Processing Solution
News  |  8/24/2010  | 
The release features updates and new modules designed to further automate workflow processes throughout the back, middle and front office, SimCorp said.
Solace Systems And Serisys Sign Distribution Agreement For China
News  |  8/24/2010  | 
This agreement allows Serisys, which is based in Hong Kong and has offices in Shanghai, Tokyo and Singapore, to sell and service Solace equipment to financial services providers throughout China including Hong Kong.
RIA Clients Can Now View Their Portfolios and Performance Reports On iPads
News  |  8/24/2010  | 
Starting in October, Adhesion will roll out new capabilities for advisors to interact with and analyze client portfolio and practice data, complete WealthADV access for advisors via the iPad, and iPhone and Android-based apps for clients with smart phones, Adhesion said.
TradeStation Integrates Futures Trading on Eurex
News  |  8/24/2010  | 
TradeStation Securities announced real-time trading in Eurex futures has been integrated into its platform, a move the firm said was driven by growing demand from traders seeking the ability to deal in a wider range of global futures markets.
Tokai Tokyo Securities Picks Japanese Trading Platform
News  |  8/24/2010  | 
The Japanese brokerage firm picked Fidessa for its high-performance capabilities and its hosted-Software-of-As-Service solution.
Morgan Stanley Takes Speedway Trading Platform Global
News  |  8/24/2010  | 
Morgan Stanley announced that U.S. traders can now use Speedway, its high-speed direct access platform for low-latency trading, to access major equity trading venues in Europe and Asia.
Neptuny Launches New Virtualization Planning Tool
News  |  8/24/2010  | 
Caplan 3.3 new features include virtualization planning, benchmark management, tagging, filtering and searching enhancement, and integration of new data sources.
GFI Group Deploys IPC's IQ/MAX to Fuel Growth in South America
News  |  8/23/2010  | 
The IQ/MAX Turret will provide specialized communication applications for GFI's brokers in Santiago, Chile.
Colt Deploys Infinera's Network to Deploy Low Latency Routes in Europe
News  |  8/23/2010  | 
Colt is now offering a measured latency of 4.22 milliseconds between London and Frankfurt and 2.65 milliseconds between Paris and Brussels.
How to Save Your Shared Services Model from Becoming a Money Pit
News  |  8/23/2010  | 
Given the drastic changes that have occurred in many corporate operating models during the recession, certain common services may not be as highly value added as before.
Top 10 Cloud Computing Complaints
News  |  8/23/2010  | 
Leading industry experts respond to gripes that IT professionals have about the security, cost, and portability of cloud computing in the enterprise.
Morgan Stanley iPad Application Takes Aim at Institutional Clients
News  |  8/23/2010  | 
Morgan Stanley announced the launch of an application on Apple Inc.’s iPad that aims to let institutional clients view reports on fixed income markets, stocks, currencies and economics.
TradeStation Buys Portfolio Testing Software From Rina for $5 Mln
News  |  8/23/2010  | 
TradeStation Technologies Inc. announced it bought the Portfolio Maestro software platform from Rina Technologies for $5 million, acquiring a system that allows users to test their portfolios and trading strategies.
State Street Beefs Up Risk Analytics Tools
News  |  8/20/2010  | 
State Street Corp announced it enhanced its risk analytics tools with portfolio reallocation devices and economic stress tests to help traders grapple with a volatile market.
State Street Releases Risk Analytics and Services Products for Institutional Investors
News  |  8/19/2010  | 
New tools for clients, including performance heat maps and compliance features, are integrated into State Street’s Analytics Dashboard.
Fidessa Connects Its Global FIX Network to Chi-X Japan
News  |  8/19/2010  | 
Fidessa group plc announced its global FIX network is now connected to Chi-X Japan, the latest proprietary trading system in the Japanese equity market and first Chi-X venue operating in Asia.
Voice Trading in Derivatives Is Not Dead: Long Live the Squawk Box!
Commentary  |  8/19/2010  | 
Sweeping financial reform of the OTC derivative market targets aspects of voice trading, however today’s traders rely on voice solutions more than ever.
LCH.Clearnet Hires Michael Davie to Head SwapClear's Products for Buy Side
News  |  8/19/2010  | 
Appointment of JP Morgan executive reflects commitment to buy-side OTC derivatives clearing offering.
Knight Capital's Trading Floor
Trading Floors  |  8/19/2010  | 
As speculation swirls that Knight Capital Group could go of out business after reportedly losing more than $400 million Aug. 1 when a software error misfired a program trade, causing mayhem in 148 listed stocks, regulators have the firm under a microscope. Advanced Trading takes you behind the scenes to view Knight's cavernous trading floor in Jersey City, N.J., where the firm's electronic trading operations and traders are based. Taken two years after it was built, the photos show how the floor is structured and include close-ups of the technology used on specific desks.
Broadridge Acquires NewRiver in $77 Million Deal
News  |  8/18/2010  | 
Broadridge Financial Solutions Inc. announced it acquired NewRiver Inc., a firm which specializes in electronic investor disclosure platforms, for about $77 million in a deal that’s expected to close later this month.
Instinet Adds Futures and Options Functions to Newport 3 EMS
News  |  8/18/2010  | 
Agency broker Instinet Inc. announced it added U.S. listed futures and options trading capability to the Newport 3 execution management system, a platform it says will enable users to better manage risk across asset classes.
FTEN Receives Patent for its Financial Data Processing System
News  |  8/18/2010  | 
The technology provides real-time cross-market risk management and surveillance at a time when regulators are pondering new mandates for sponsored and naked access.
Themis Trading Calls for Moratorium on New U.S. Equity Exchange Approvals
News  |  8/17/2010  | 
Cites the unknown causes of the May 6th 'flash crash' and the complexity of fragmented trading venues as reasons.
The Demise of the Corporate Data Center
Commentary  |  8/17/2010  | 
To secure their infrastructure and processes, Wall Street firms have built up castle walls around their data for years. But electronic trading is creating cracks in those walls.
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