Nasdaq Aims OrderView Data Feed at Algorithmic Traders, and more
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
To Have and to Hold
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.
Price Joins TowerGroup
Tom Price joined TowerGroup as a senior analyst in its Capital Markets research service.
Ameritrade CIO Hirji Promoted to COO
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.
Data: A Sea Change Ahead
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
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
Now that firms understand SOA, they are starting to build adaptable infrastructures that can meet today's changing business needs.
At New York-based Lehman Brothers, BCP continues to be a top priority.
BCP: Expect the Unexpected
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.
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
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
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?
Financial IT Megatrends
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.
Outsourcing for Operational Efficiency
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
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
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.
HP and Sun Announce New Game Plans
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?
Division Of Labor
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
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.