Wall Street & Technology

WST

The End of Labor Arbitrage

June 23, 2007 | By Penny Crosman

The age of outsourcing to India for the cheaper labor costs is over, according to S. Premkumar, corporate officer and global head-financial services at Indian outsourcing firm HCL Technologies. Where once a function performed by 100 U.S. employees could be handed over to 100 Indian employees who could do it for significantly less, the diminishing value of the dollar combined with the strengthening of the rupee and increasing salary levels in India have wiped out the benefits of such labor arbitrage, he points out. Captives, too, have lost their luster, Premkumar says - they don't grow well because they're too focused on cutting costs and they're not good at sharing people and resources.

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NYSE Euronext Develops Dark Pool for Crossing Portfolios

June 12, 2007 | By Ivy Schmerken

With dark pools gaining traction among institutions seeking leak-proof matches, one of the worldis largest liquidity pools is venturing into the crossing network space. By the end of this summer, NYSE Euronext is expected to launch NYSE MatchPoint n a point-in-time benchmark crossing-network geared to large index funds and mutual funds looking to matching portfolios of stocks.

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NYSE Data Center Upgrade To Yield New Business March 24, 2010
NYSE Euronext will offer infrastructure and hosted services in addition to its data and trading services when it brings two new mega-data centers online.

More Operations Archive

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JPMorgan Losing Data and Making Headlines

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Larry Tabb Column

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SunGard Strengthens Wealth Management Functionality

Today's Money Managers Are Leveraging Funds Into Alternative Investment Products

Electronic Trading Resource Center

As markets move faster and trading in all types of investment classes continues to migrate to electronic trading, the technology that supports trading strategies is evolving at a rapid pace. Reducing latency and building systems that can match orders in hundredths of a second will be required if firms want to continue to compete in many markets.

Events

July 25, 2007 Live Event headline

August 28, 2007 Another Web Event Title

August 29, 2007 Third Web Event Title blah balha blah

August 30, 2007 Fouth live event title tata

August 36, 2006 Fifth web event title

Whitepapers

Respond to financial market conditions and clients -- on demand: IBM software solutions for the financial markets industry
This solution sheet addresses the challenges & opportunities that exist today for midsized financial services/markets firms by explaining how these firms can achieve end-to-end business integration with industry-leading solutions from IBM and IBM Business Partners.

MiFID - How to Deal With Four Critical Reference Data Issues
As a result of emerging regulatory framework, the extensive changes surrounding the way data is gathered, managed, shared and retained will have significant impact for both buy side and sell side firms. This paper sheds light on some of the data issues stirred up by the MiFID revolution and suggests four pragmatic ways of addressing those needs.

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Market Place

Unexpected Surge in Trading Volumes and Volatility Raises Infrastructure Concerns for Hedge Funds

Experts Share Basic Ways To Reduce Power Consumption In Data Centers

These Servers Are Really Cool

Don't Panic, but the Grid's Going Down

What's a Green Data Center?

Wells Fargo Taps Web 2.0