Garban-Intercapital launching a new e-trading division; First phase of Nasdaq private placement ends; Knight Securities implements new trading system.
Capital Management Sciences pre-releases version 4.2 of BondEdge; SS&C releases CapitalSuite; Cutter Associates releases study on Trade Order Management and Compliance Systems, and T+1/STP.
The Advantages of Automation
Arthur Andersen is coining a new, broader phrase for straight-through processing-straight-through business (STB).
The New Age of Risk Management
Polytechnic University's Fred Novomestky looks at how recent breakdowns in the financial markets have spawned a new age of IT specialists in risk management.
SunGard Investment Management Systems, Thomson Financial Software, INDATA and InvestorForce.com.
Omega Research, Spectra Securities, Sun Microsystems and IPC Information Systems.
Nasdaq Japan Opens for Trading
For-profit partnership between NASD and SOFTBANK does trading volume of 680,000 shares on its first day of business, with an initial listing of eight companies.
The International Securities Exchange, Mercer Management Consulting, Tradescape.com and FNX Limited.
Gain Capital Goes Live with FX Trading System
System provides 24-hour live trading of Euro/U.S. Dollar, U.S. Dollar/Yen, British Pound/U.S. Dollar and U.S. Dollar/Swiss Franc, with plans for other currencies in the near future.
Merrill Lynch Asset Management Canada, ING Barings, Financeware.com and InvestorForce.com.
The Feeling is Demutual
Genesis 10 CEO Harley Lippman explains how technology is dictating demutualization to the world's financial exchanges.