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News & Commentary
Content tagged with Infrastructure posted in October 2012
Capital Markets Outlook 2013: Innovation While Cutting Costs
News  |  10/31/2012  | 
Once again, CIOs and their IT organizations will be forced to do more with less in 2013. However, this was expected and most are finding innovative ways to slash costs while boosting productivity.
NYSE to Test New Plan; Trading Floor Undamaged by Storm
News  |  10/30/2012  | 
NYSE Euronext said it plans to test a new contingency plan to help resume stalled U.S. equity trading, and added that its famed trading floor is not yet damaged by Sandy, one of the biggest storms to hit the United States.

Cost Cutting Vs. Innovation: Dueling Priorities for Wall Street CIOs?
Commentary  |  10/29/2012  | 
Despite smaller budgets, this is the time when business leaders turn to IT for more efficiency, more productivity and, yes, innovative ideas.
Legg Mason Profit Up With First Net Inflows Since 2007
News  |  10/26/2012  | 
Asset manager Legg Mason Inc said on Friday quarterly profit topped expectations as the company reported its first quarterly net inflows of client funds since 2007.

Fee Pressures Drain Revenue at Big Asset Managers
News  |  10/25/2012  | 
Two big asset managers reported quarterly revenue declines on Thursday as investors moved into lower-fee fixed-income funds.

Coping with the Unintended Consequences of Dodd-Frank
Commentary  |  10/22/2012  | 
Financial firms are learning to cope with the effects of Dodd-Frank by turning their focus to IT and operations, vendor "lift outs: and variable headcount, writes SunGard' Global Service's John Avery.
Knight Capital Posts $389.9 Mln Loss on Trading Glitch
News  |  10/17/2012  | 
Knight Capital Group reported a third-quarter net loss due to a glitch on Aug. 1 that forced the electronic trader to take on additional investors to avoid bankruptcy.

BlackRock Profit Climbs on ETF Gains
News  |  10/17/2012  | 
BlackRock Inc, the world's largest money manager, said third-quarter profit rose 8 percent as investors poured cash into its iShares line of exchange-traded funds.

Bloomberg's Vault Cloud Service Goes Local
News  |  10/17/2012  | 
Vault, a cloud-based enterprise information management solution, now has a version called Local Vault that meets regulatory requirements to keep data in a local jurisdiction.
Form PF: Lessons Smaller Asset Managers Can Learn From First Filers
News  |  10/16/2012  | 
The experiences of the largest investment managers can serve as helpful guideposts for smaller investment managers whose filing deadlines still remain on the horizon.
Equity Derivatives trading Volumes Move to Electronic Platforms — Study
News  |  10/16/2012  | 
The percentage of North American futures volume traded electronically soared to 48 percent in 2011-2012, up from 38 percent the prior year, according to Greenwich Assoc. equity derivatives study.
As HFT Profits Slump, the Hot Trend Loses Some Luster
Commentary  |  10/15/2012  | 
High frequency trading firms are contracting, as profits are down 35 percent from last year, leading some to reduce staff or close altogether.
Citigroup Profit Drops As It Writes Down Brokerage Unit
News  |  10/15/2012  | 
Citigroup Inc said quarterly profit plunged on a $4.7 billion writedown of its stake in a brokerage operated by Morgan Stanley, but North American mortgage lending revenue increased and capital markets results rebounded.

Would Traders Want OMS/EMS Access on an iPhone?
Commentary  |  10/12/2012  | 
Mobile apps for iphones and tablets are starting to emerge in the OMS/EMS space, so that buy side traders can place a trade, rebalance a portfolio or check compliance.
Mortgage-Backed Securities Once Again A Good Bet for Hedge Funds, Asset Managers
Commentary  |  10/12/2012  | 
With the U.S. housing market appearing to have turned the corner, along with the Fed planning to buy mortgage bonds every month, the outlook for mortgage-backed securities appears bright.
trueEX Signs Clearing Deal with CME Clearing
News  |  10/11/2012  | 
As a designated contract market or DCM, trueEX will offer electronic trading in standardized global interest rate swaps, and clear through CME Clearing.
Downgrade Unlikely for JPMorgan After 'Whale' Trades - Fitch
News  |  10/11/2012  | 
JPMorgan Chase & Co has made enough progress containing its $5.8 billion of derivatives losses and tightening its risk controls that the outlook for its credit rating has improved to stable from negative, Fitch Ratings said on Wednesday.

Spending on Data Centers Is Growing Rapidly - Survey
News  |  10/10/2012  | 
A new survey shows that total investment in data centers has grown to $105bn globally in 2012.
OTC Derivatives Clearing Raises Challenges for Collateral Management
News  |  10/10/2012  | 
A new report by Woodbine Assoc. analyzes the impact of Dodd-Frank/Basel II regulations on collateral management and increased margin requirements, while offering an in-depth analysis of vendor systems.
The Mainframe Continues to Lure Wall Street
News  |  10/10/2012  | 
With the rise of big data, mainframe computers are enjoying a resurgence of sorts. But many experts point out that 'big iron' never really went away in the first place.
Hedge Funds Cut Trading Desk Budgets —Study
News  |  10/8/2012  | 
With a prolonged slump in trading activity, 44 percent of hedge funds responding to a Greenwich Research study said 2012 trading desk budgets were reduced from 2011.
Are Wall Street Firms Looking to Third-Party Data Centers To Take Advantage of Efficient Cloud Computing?
News  |  10/8/2012  | 
In addition to cost savings, third-party data centers offer financial firms an increasing menu of infrastructure services, which can even help create competitive advantage. But security and compliance concerns will likely keep many financial organizations from soaring in the public cloud.
Anatomy Of A Brokerage IT Meltdown
News  |  10/8/2012  | 
Regulators last year issued the SEC's first-ever privacy fine against broker-dealer GunnAllen for failing to protect customer data. But former IT staffers say regulators didn’t seem to know half of this cautionary tale of outsourcing and oversight gone wrong.
Change Comes to OMS/EMS Space Amid Weak Trading Volumes
News  |  10/5/2012  | 
Asset managers are wrestling with technology costs and are looking for ways to "rationalize" their expenses for order management and execution management systems.
Big Funds Seek to Rein in Pay at Wall Street Banks
News  |  10/5/2012  | 
The days when Wall Street banks could blithely hand out half their revenue in compensation to their staff without a murmur from shareholders have come to an end.

Louis Dreyfuss Sells Energy Trading Biz
News  |  10/4/2012  | 
One of the buyers is hedge fund legend Paul Tudor Jones.
Politics Boost Risk For Emerging Market Yield-Seekers
News  |  10/4/2012  | 
Investors rushing headlong to emerging markets in search of yield could find future returns under threat as economic downturns and income inequalities spur a rise in political risks.
With More Fixed Income Assets to Manage, Automation Key For the Buy Side
News  |  10/3/2012  | 
Asset managers now have more fixed income assets to manage across disciplines and markets, placing more pressure on all phases of trade processing.
Monash Investors Adopts Imagine Portfolio, Risk Tools
News  |  10/2/2012  | 
The Australian fund manager adopted the new solutions to run Va, Monte Carlo and scenario analysis.
Clearwater Capital Partners Gears Up With Paladyne
News  |  10/2/2012  | 
The investment firm will now use Paladyne Portfolio Master as its multi-asset class trade order management and compliance system to support their front-office needs globally.
The End Of High Frequency Trading As We Know It?
News  |  10/1/2012  | 
If these rules are enacted, no one is sure that we will experience the perfect market that regulators are hoping for.
Taking the Cloud From Wall Street to Main Street
Commentary  |  10/1/2012  | 
The ability to ramp up development and testing environments in the cloud can help firms in many industries tame technology complexity.

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