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DTCC and ESG, Former Foes, to Create New Post-Trade Processing Entity
Long-time rivals could create serious competition for the GSTPA.
Wilco Rolls Wireless App for Order Management
Will enable clients to remotely access Wilco's Order Management and STP Explorer exception-handling systems through WAP devices.
CyberCorp and Tradescape Unveil Plans To Attack the Buy Side
Both intend to launch institutionally oriented intelligent order-routing front ends.
IN BRIEF
American Century Investments, Princeton Financial's, The Institute for International Research and Clearnet.
PIMCO Signs for TenFold's Revenue Manager
Firm decides to focus on IT efforts for mission-critical analytical apps.
IDS Set to Release New Products for Wrap Industry
Paine Webber and MacDonald Securities are testing TAXeMIZER to automate investment tax consequences.
CyberCorp and Tradescape Unveil Plans to Attack the Buy-Side
Both intend to launch institutionally oriented, intelligent order-routing front ends.
IN BRIEF
The Chicago Mercantile Exchange, the London International Financial Futures and Options Exchange, Triple Point Technology and FleetBoston Financial.
Island Answers the Bell for Decimals
Says it will begin pricing in decimals July 3rd.
CBOT Names Interim President/CEO
Dennis Dutterer is named interim president and CEO.
OM Develops Multiple Front Ends, Builds Direct Link to Instinet
A trio of front-end systems will provide OM clients with direct access to a multitude of execution destinations.
Buy-Side Traders Side with Nasdaq CLOB vs. ECN Linkages
Buy-side traders seem to be leaning toward the Nasdaq's proposal for a Super Montage.
Online Fixed-Income Site Makes Debut
Fixed-income-market.com launches an information and communications Web site targeted primarily at intermediaries and end-users who trade illiquid bonds.
Kestrel Technologies Creeps into Buy-Side OMS Arena; Preparing to Offer ASP Model
Kestrel Technologies enhances the functionality of its core RAPTr trade order management system for the buy side.
Archipelago Clients Connect with Javelin FIX Engine
At least 10 Archipelago clients are using the Javelin FIX engine for electronic trading connectivity.
Brut Builds Electronic Connectivity to the NYSE and Rolls Out New Web Site
Brut builds the electronic connectivity to DOT in anticipation of trading NYSE-listed stocks--for the first time--in the second quarter.
AutEx Rearchitects Host to Release AutEx Connect in Europe and Asia
AutexConnect integrates several componentsorder routing, trade advertisement and indications of interest--and makes them available in a 24-by-7 atmosphere
CAI Technology Group Preparing to Release Enterprise-Wide Buy-Side Compliance System
ESTAC is set to be released by the end of the year.
Sun, Oracle and Swift Eye Tech Alliance with NYMEX
A consortium comprised of Sun Microsystems, Oracle Corp. and SWIFT has held preliminary technology partnership talks with the New York Mercantile Exchange (NYMEX).
Altvest Creates Online Forum for Investors and Managers
Potential investors will be able to submit Requests for Proposals (RFPs) directly to the hedge funds.
MFS Signs With CheckFree for APL Service
CheckFree Investment Services' APL WRAP will handle the portfolio management operations of MFS' new Private Portfolio Services division.
TT Building Front-End Interfaces to NYSE, Nasdaq, CBOT, CBOE, Instinet and Island
In addition, the ISV expects to develop connectivity to Instinet Corp. and Datek Online Holdings' Island within the next four months.
Survey Says: STP Still Not a Reality at Most Buy and Sell-Side Firms
Only a minority of both brokers and institutions have achieved straight-through processing (STP).
Russell/Mellon and Measurisk.com Join Forces to Integrate Risk, Performance Reporting
Measurisk.com is looking to tap into Russell/Mellon's 1,400 clients with a combination of services tailored for the needs of the institutional community.
Fidelity Releases Online LifeStage Planning Tool for Financial Advisors
New release affords investment professionals with access to non-financial information to promote relationships with clients.
J.P. Morgan and EDS Go Live with New Derivatives Processing Company
The two have created an independent company for the system called Arcordia.
Introducing a No-Load Mutual Fund Portal
Maxfunds.com says it's the only place on the Web where average investors can easily research and compare equity no-load mutual funds.
Incubator Seeds Investing Portal
LaunchCenter 39 seeds Internet start ups indigenous to New York.
IBM Targets Net Generation Companies
Big Blue fund offers two options for start-ups.
Financeware.com Releases Action-Packed Site
FA's and their clients can meet and work on a portfolio in an interactive fashion.
Schwab Takes on New Role as Educator
Learning Center availed for open enrollment.
InvestmentSeek.com Targets Buy Side
Institutional investors have a new and rapidly expanding source for information and research.
Gazoo.com: The Future Financial Services Firm?
Is Toyota's portal eyeing the financial services market?
NetMorf Launches SiteMorfer: Web to Wireless Connectivity
New product ports existing back-end Web data and services to wireless devices.
Internet Data Business Targets Financial Industry
Infocrossing opens a state-of-the-art Internet Data Center in N.J. and plans to open 20 more in the next 24 months.
Wachovia Embarks on its E-commerce Adventure
Online Brokerage Begins Beta of Wireless Trading
Schwab w/o Wires
Online Brokerage Begins Beta of Wireless Trading
Direct Share Investing Builds Customer Loyalty
Public companies can sell their stock directly to individuals via their corporate Web sites using StockClick from StockPower.
Tracking Customer Behavior to Deliver Real-Time Service
Halifax plc implements E.piphany's E.4 analytical applications.
The ABCs of Online Promotions
Brokers should think more like airlines and credit card companies.
E*Trade Signs with Output to Lift New Account Rates
Reduces application turnaround to 1.8 days.
Investment Site Attracts Private Capital
Xigo offers customized portfolio information to the individual investor.
TheStreet.com Posts a "For Sale" Sign
The question isn't "Why?" It's really "Who?"--as in, who'll actually buy this thing?
New Fund Plows $480M into Start-Ups
Targeting financial services, Sevin Rosen aims at infrastructure and B2B Co.s.
I've Got a Golden Ticket!
MS2 gives away 1,000 private-labeled chocolate bars containing warrants, or options, to buy shares in the company.
European Commission Takes a Close Look at the Impact of Windows 2000 on Competition
Competitors allege Microsoft designed Windows 2000 to leverage its dominance in PC operating systems.
Multex/Reuters Team to Pursue European Individual Investors
Will leverage Multex's technology and experience, while leaning on the Reuters brand name and knowledge of the European market.
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