News & Commentary
Content posted in September 2005
GFI Delivers STP for FX Options Trading, and more
News  |  9/29/2005  | 
GFI Delivers STP for FX Options Trading, FRI Launches Security Master.NET, IFBS Hires Ricciardi for U.S. Expansion Into Securities Lending
Mantas Selected by Bear Stearns for Anti-Money Laundering and Compliance, and more
News  |  9/29/2005  | 
Mantas Selected by Bear Stearns for Anti-Money Laundering and Compliance, Nasdaq CIO Testifies on Benefits of Electronic Trading and Resiliency of Capital Markets
Nasdaq Aims OrderView Data Feed at Algorithmic Traders, and more
News  |  9/29/2005  | 
Nasdaq Aims OrderView Data Feed at Algorithmic Traders, Securities Hub Renews Contract With Communicator for Fixed-Income Portal, Deutsche Bank Enters Global Software License With Trading Technologies, Reuters to Carry Data and Connect With Dubai Exchange
Messaging Reportedly Makes Financial Industry Vulnerable to Compliance Breaches
News  |  9/29/2005  | 
Orchestria's findings indicate that most policy breaches are due to a misunderstanding of policy rather than malicious intent.
To Have and to Hold
News  |  9/23/2005  | 
The acquisition of Macgregor, the buy-side order management system (OMS), by ITG, the agency broker and transaction cost analysis provider, has stirred the market over the need for a front end.
Keeping Tabs
News  |  9/23/2005  | 
Price Joins TowerGroup
News  |  9/23/2005  | 
Tom Price joined TowerGroup as a senior analyst in its Capital Markets research service.
Galper Exits TABB Group, Launches Vodia Group
News  |  9/23/2005  | 
Josh Galper left his position as a senior consultant at TABB Group to form research and advisory firm Vodia.
Ameritrade CIO Hirji Promoted to COO
News  |  9/23/2005  | 
Ameritrade promoted CIO Asiff Hirji to COO. In his new role, Hirji is responsible for trading systems and back-office clearing and settlement functions - which he also supported as CIO for the past three years.
Product Watch: Adobe Integrates Financial Documents Enterprisewide, and more
News  |  9/23/2005  | 
Adobe Integrates Financial Documents Enterprisewide; Dynamic Hedge Fund Analysis; Business Continuity Messaging
Data: A Sea Change Ahead
News  |  9/23/2005  | 
If I'm reading the tea leaves correctly, we're on the verge of a sea change in the way organizations manage data.
CIO Challenge - IT/Business Alignment
News  |  9/23/2005  | 
Despite the attention paid to aligning IT projects with business priorities, many CIOs still struggle to understand the business' needs. To truly achieve IT/business alignment, firms must integrate their management teams closely to build trust over time.
Riding the SOA Wave
News  |  9/23/2005  | 
Now that firms understand SOA, they are starting to build adaptable infrastructures that can meet today's changing business needs.
Boosting BCP
News  |  9/23/2005  | 
At New York-based Lehman Brothers, BCP continues to be a top priority.
BCP: Expect the Unexpected
News  |  9/23/2005  | 
The July terrorist bombings had only a minor impact on London's financial community, mainly because of existing business continuity plans. However, as a result of the tragedy, firms on both sides of the Atlantic are revisiting their procedures.
Harnessing Data
News  |  9/23/2005  | 
Financial services firms know that timely and accurate data leads to better business decisions (and also keeps regulators happy).
New ATSs Arise to Fill a Void
News  |  9/23/2005  | 
New alternative trading systems are emerging in response to the consolidation of U.S. equity markets and the adoption of Reg NMS.
Follow the Leader
News  |  9/23/2005  | 
A soft dollar ruling by the United Kingdom's FSA has the attention of U.S.-based financial institutions. Will the SEC follow the FSA's lead?
Securities Police Go High-Tech
News  |  9/23/2005  | 
NYSE Regulation is arming its examiners with tools to identify risk at member firms, brokers and branches.
Financial IT Megatrends
News  |  9/23/2005  | 
In addition to traditional IT spending, financial services institutions will invest another $100 billion in external spending on business process transformation by 2010, according to TowerGroup president and chief executive Karen Cone.
Growth Spurt
News  |  9/23/2005  | 
Outsourcing for Operational Efficiency
News  |  9/23/2005  | 
Regulatory pressures and an increasingly competitive market are forcing more and more financial institutions to turn to outsourcing as a way to improve their operational strategy, according to a recent survey conducted by the Economist Intelligence Unit and Plano, Texas-based technology provider, EDS.
Basel II Falls Flat
News  |  9/23/2005  | 
Despite increased efforts, banks are less certain about the benefits of Basel II compliance, according to a recent survey by Accenture.
BCP: Murphy’s Law Applies
News  |  9/23/2005  | 
Prior to the London bombings in July and the recent disaster along the Gulf Coast caused by Hurricane Katrina, studies and grumblings in the corporate world indicated that business continuity planning (BCP) was no longer a top priority.
Advent Software Launches Advent Portfolio Exchange, and more
News  |  9/22/2005  | 
Advent Software Launches Advent Portfolio Exchange, Tamarac Releases Advisor 5.0
Gravitas Technology Signs Manhasset Capital for Its Outsourced Compliance Solution,and more
News  |  9/22/2005  | 
Gravitas Technology Signs Manhasset Capital for Its Outsourced Compliance Solution, Fifteen Financial Institutions Convene to Tackle Business Continuity Issues
Financial-Services Firms to Double Offshoring in Three Years: Survey
News  |  9/22/2005  | 
Low-value IT activities such as infrastructure management already are being sent offshore by 42 percent of those surveyed, with another 17 percent to do so during the next three years.
IT Spending to Rise 4.3 percent in 2006, Forrester Predicts
News  |  9/22/2005  | 
While 53 percent of respondents expect IT budgets to increase, only 7 percent foresee decreases.
Security Becomes Financial Watchword
News  |  9/22/2005  | 
Banks and other financial firms are using technology to make sure data doesn't fall into the wrong hands.
SEC Votes to Publish Guidance on Soft Dollars, and more
News  |  9/22/2005  | 
SEC Votes to Publish Guidance on Soft Dollars, ITG Plans to Acquire Plexus Group for $12 million, TradePortal.com Launches Service Bureau, BT Global Services Promotes Edelstein to Head New Financial Vertical
Clearstream Readies New Securities Lending Service, and more
News  |  9/22/2005  | 
Clearstream Readies New Securities Lending Service, GL Trade Launches UBIX Publisher for Accessing Back-Office Information
L.A. Blackout Fells More Nets Than Hurricane Katrina
News  |  9/15/2005  | 
Katrina and the outage in Los Angeles prove that American businesses still haven't decided how vital constant connectivity is to business continuity.
HP and Sun Announce New Game Plans
News  |  9/15/2005  | 
HP and Sun are trying to revive their standings in the IT industry with waves of new products. Will they convince customers they're still leaders?
Strong Growth in the Hosted E-mail Market Fueled by Concerns Over Security, Archiving and Compliance; and more
News  |  9/15/2005  | 
Strong Growth in the Hosted E-mail Market Fueled by Concerns Over Security, Archiving and Compliance; Postini Announces Integrated Message Management for Enterprises
HSBC Selects GoldenSource’s Data Management Platform, and more
News  |  9/15/2005  | 
HSBC Selects GoldenSource's Data Management Platform, DTCC Develops Central System for Tracking Buy-Ins, Shadow Financial Services Provides Direct Link to BoNY
Algorithmic Trading Platform Expands Into FX Market, and more
News  |  9/15/2005  | 
Algorithmic Trading Platform Expands Into FX Market, LineData Partners With Thomson Financial to Redistribute LongView Trading OMS, BondDesk Group Names Robinson to Run TIPS and TechHackers
FIX Organization Tests Fast Protocol, and more
News  |  9/8/2005  | 
FIX Organization Tests Fast Protocol, BNP Paribas Deploys Grid Computing for Credit Derivatives, CME Launches Emerging Markets Incentive Program, SunGard to Link STN to SWIFTNet FIX
Bloomberg Fixed Income Trading Links to LongView Trading, and more
News  |  9/8/2005  | 
Bloomberg Fixed Income Trading Links to LongView Trading, Northern Trust Selected Correspondent Services Provider by Commerce Bank & Trust, Tel Aviv Stock Exchange Selects SunGard for SWIFT Connectivity
Investigo Signs Practice Management System Deal With Ameritrade Advisor Services, and more
News  |  9/8/2005  | 
Investigo Signs Practice Management System Deal With Ameritrade Advisor Services, JPMorgan Worldwide Launches New Portfolio Reporting Technology
Division Of Labor
News  |  9/2/2005  | 
ABN Amro's move to tap five outsourcers to handle its IT needs may lead to lower costs and reduced risk, since it won't depend on a single vendor. Just add good managers.
Lessons Learned: Exchange Doubles Up Backup
News  |  9/2/2005  | 
Many companies 'woke up' quickly following Sept. 11, and money was no object for the next six months, but this initial enthusiasm has waned, says New York Board of Trade's Gambaro.
Investment Management Newsflashes: Advent Software Announces Upgrades, Russell Investment Group Implements Charles River IMS
News  |  9/1/2005  | 
Advent Software Announces Upgrades to its Leading Axys Portfolio Management Platform, Russell Investment Group Implements Charles River IMS
Operations Newsflashes: Transaction Network Services Penetrates South Africa with Peresys, Lehman Exec Joins Clearing Corp. Board
News  |  9/1/2005  | 
Transaction Network Services Penetrates South Africa with Peresys, Rondal H. Filler Joins The Clearing Corporation Board of Directors
Electronic Trading Newsflashes: Nikko Systems Solutions Taps Iris Financial, and Track ECN, TNS Deliver Trade Execution
News  |  9/1/2005  | 
Nikko Systems Solutions Taps Iris Financial to Build Bond Trading System, Track ECN and TNS Secure Trading Extranet Deliver Trade Execution to Shared Customers
ABN Amro Taps Five Vendors In Massive Outsourcing Initiative
News  |  9/1/2005  | 
Dutch bank expects to save more than $250 million annually; the deals represent largest contracts to date for offshore vendors.


Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - Elite 8
The in-depth profiles of this year's Elite 8 honorees focus on leadership, talent recruitment, big data, analytics, mobile, and more.
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.