Profile of Greg MacSweeneyEditorial Director
Member Since: 5/8/2014
Blog Posts: 734
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology.
Articles by Greg MacSweeney
posted in May 2007
Although many US exchanges are enjoying increased valuations after much publicized IPOs, most exchanges will spend less on technology over the next few years as they answer to shareholder pressure, work to reduce IT expenses and focus on consolidating data centers, said Dushyant Shahrawat, research director for Towergroup's Security & Capital Markets service, at the Towergroup Financial Services and Business Technology
It was only four short years ago when Robert Hegarty, the managing director for Towergroup's Securities & Investments practice, made the statement that the NYSE trading floor will never go away. How quickly things change. In his presentation today at this year's Towergroup Financial Services and Business Technology conference, Hegarty joked, "Oops, I'm eating crow on that one, but soon we will all be eating
A senior wireless executive at a large Boston-based brokerage told me today -- and backed up his argument with some serious stats -- that mobile technology will be the next area that financial services firms try to dominate in order to capture and retain users.
Most brokers have stated that exchanges — large and small, new and established — have had problems at various times either processing the number of orders received or handling the various messages that are sent back and forth between market participants.
What'll the cyber crooks think of next? Well, this isn't a new idea and it certainly isn't the type of flashy heist you will see in this summer's sequel Ocean's 13 with George Clooney, Matt Damon and crew. But hundreds of account holders have lost funds after a most likely phony firm named Equity First generated random routing and account numbers and tried to deposit one cent. If the one-cent deposit clears, the fraud
Roseann Palmieri, a 20 year Wall Street data management veteran most recently with Bank of America Securities, has joined Merrill Lynch.