Content posted in January 2003
|
Bond Market Hopes FIX will be STP Catalyst
Bond market expects FIX 4.4 to help it make STP headway
Thomson Invests in Direct-Access-Technology Provider for Institutions
Thomson Financial bought a stake in TradePortal.com, which has developed a direct-access-technology platform for the institutional market. Thomson plans to market the product Matrix Suite to institutions and hedge funds.
Vendors Unite to Offer E-mail Archiving Solutions
Bringing together components from each provider, EMC, Iron Mountain and KVS aim to save users time and money when implementing e-mail archiving solutions.
LJH Selects Vendor to Service Fund of Funds
With needs different than those of a traditional mutual fund, LJH Global Investments chose PFPC to service its new fund of funds.
ELECTRONIC TRADING
An analysis of market-center data finds that for S&P 500 stocks, Nasdaq offers investors faster execution speeds, tighter spreads and lower execution costs; Fxall deploys a new Web-based user interface; Opex hires India's Elind Computers.
MARKET DATA
Fame releases its ReferencePoint Plus service; Traderforce signs on to use RadianzNet; CreditTrade launches its new CreditTrade Insight Web-based data service.
RISK-MANAGEMENT TECHNOLOGY
BoNY introduces a collateral-management service; FaceTime Communications launches its IM Auditor Enterprise product; Kiodex releases an enhanced version of its Kiodex Risk Workbench platform.
INVESTMENT-MANAGEMENT TECHNOLOGY
Linedata Services counts Vontobel among its clients; Columbia Management Group teams with eFORCE to launch a Web site; Royal London Asset Management selects the Macgregor Financial Trading Platform to automate its equity trading.
OPERATIONS
State Street utilizes CheckFree RECON Securities; U.S. Clearing launches E-Documents, an Internet-delivery and storage service; Omgeo announces new client adoption of Omgeo OASYS-TradeMatch.
The End of An Era
The GSTPA calls it quits.
TransactTools CEO Offers to Launch Free FIX Testing Facility for Fixed Income
Transact Tools is offering to build a free-centralized testing facility to support FIX for fixed-income trading.
Paper Suggests Mutual Funds Should Re-evaluate Service Providers
A new paper from TowerGroup says mutual-fund trustees need to take a closer look at their operations.
ADP Teams UP with ATS to Offer Users Real-time Integrated Risk Tool
ADP back-office outsourcing clients will have access to an integrated risk tool for margin account monitoring.
ELECTRONIC TRADING
Rand Financial Services, Inc. renews its software licensing agreement with Rolfe & Nolan for RISC; Thomson expands content and adds decision support tools to Thomson AutEx FI; TradeWeb reports record growth in trading volume in 2002.
MARKET DATA
Dow Jones Newswires enter into a distribution agreement with Comtex News Network; Smith Barney renews its contract for the SunGard PowerPartner market-data terminal; S&P releases its RatingsXpress Credit Ratings 2.0 service.
RISK-MANAGEMENT TECHNOLOGY
Bluewave launches a compliance asset tracking system to help firms meet regulatory requirements; UTI Bank implements Credence Analytic's iDeal treasury and risk management solution.
INVESTMENT-MANAGEMENT TECHNOLOGY
ADVISORport provides its fee-based advisory platform to UVEST Financial Services; Aberdeen Asset Management implements CRTS and ComplianceMaster applications; StatementOne adds three professionals to its management team.
OPERATIONS
PFPC Inc. is selected by LJH Global Investments to provide services for a registered hedge-fund-of-funds product to be offered starting this year; ADP becomes the most recent company to sign up for Syntegra's SettleNET; Syntegra and ISS announce that SettleNET would be used to offer ISS's proxy-voting services via CREST.
Newsmakers
JPMorgan Defector to Start FpML-Tools Community; Fidelity Taps McColgan for President; Bernie Weinstein Resurfaces at Cantor Fitzgerald.
Product Watch
BMA Develops Securities-Master Database for Fixed Income; WealthTouch Introduces Aggregation Tool; Trouble Trading ETFs?
Let the Seller Beware: How to Get Better Deals from Software Vendors
A software vendor-turned consultant tells all about getting the best deal when buying applications.
Investment Banks Can Do "IT" Better: Toward an Alternative IT Business Model
Investment banks don't always have the best structure in place for managing their IT resources. Here's how they can do it better.
IT Challenge
In the world of venture capital and private equity, communicating with investors in an efficient way is critical. Read about how some firms have improved the process.
Conquering Corporate Actions
A number of industry bodies are looking into ways to streamline the byzantine process of disseminating and
deciphering corporate actions.
One Size Doesn't Fit All
Rather than purchase wholesale wealth-management platforms, financial institutions are investing in key modules and looking to integrate best-of-breed components.
Do Not Delete!
Some of the largest Wall Street firms have been fined for having insufficient e-mail preservation procedures. Here are some ways to make sure it doesn't happen to you.
The Buzz Around Cicada
To avoid a conflict of interests, Cicada has been selected as the technology provider to the Nasdaq/UTP Securities Information Processor.
OMS Vendors Evolve
SunGard, NYFIX and other OMS suppliers are tweaking their systems to take advantage of the latest U.S.-equity market trends - such as sector trading and systems convergence.
Direct Access Goes Abroad
Direct-access trading-system vendors are working to expand their order-routing connectivity to European stock exchanges.
As the Market Goes Down, Outsourcing Goes Up
In a tough economy, outsourcing may be your best bet for keeping software-maintenance fees under control.
How Low Can You Go?
A difficult economy is fueling big changes in the market-data space as end users want more cost effective, streamlined solutions and vendors are charting a new course to revitalize business.
Game, Set, Match?
Omgeo is hoping that the demise of the GSTPA doesn't mean investment managers can do without central matching. But some on the buy side feel they are being asked to fix a process that isn't broken.
Firms Fumble to Manage Market Data; High Hopes For XBRL
If your firm is having difficulty managing its tremendous influx of data, you're not alone; XBRL, the XML-based standard for business reporting, is expected to catch on in the coming year as cost savings drive industry adoption.
Branching Out; Ringing in the New Year
Based on recent events in the STP space, my general STP interests have started turning cold along with the industry's; I would like to compliment the Wall Street & Technology staff on the high quality of its research and reporting in the January issue featuring "Technology Landscape 2003."
Is SuperMontage's Honeymoon Over?
While it's still early in the SuperMontage world, firms trading Nasdaq stocks say that things are running smoothly and many continue to rely on ECNs to help them get best execution.
ECNs Adjust to a SuperMontage World
While SuperMontage isn't likely the death knell for electronic-communications networks, it will force them to visit the drawing board and come up with a better battle plan for competing in the new environment.
ECN Evolution
ECNs, best known for their success matching Nasdaq stocks, have diversified significantly. Instinet, Archipelago and Brut, in fact, have already made a large impact trading exchange-traded funds, and are looking for ways to boost their listed equities businesses in 2003 and beyond.
The Jury is Still Out
Now that SuperMontage has been launched, has anything changed? From the perspective of the end user, their trading world seems much the same.
Certification Program for FIX Protocol Brewing--Again
The Global Fixed Income Committee is working on a certification program where buy and sell-side firms, as well as ECNs, can go to test the FIX protocol that is being developed for fixed-income securities.
Fast-Growing Investment Manager Turns to FIX
When volumes skyrocket, it's time to call technology to the rescue. One buy-side firm found help in FIX.
Charles River Creating STP Interface to TradeWeb for Electronic Confirmations and Allocations
Charles River Development is building an interface to TradeWeb--a leading ECN for fixed-income trading.
Operational Risk: Qualitative versus Quantitative
New research says most investment in operational risk will focus on processes, not necessarily technology.
ELECTRONIC TRADING
ICAP signs a contract to acquire BrokerTec's businesses for up to 181 pound sterling; Barclays opens one of the largest trading floors in New York City; OM hires two new senior level executives to lead sales and marketing efforts for North American financial markets.
MARKET DATA
Interactive Data Corporation acquires S&P ComStock for $115 million in cash; S&P launches its RatingsDirect 4.0 Web-based global- credit-information service; Reuters enters into an agreement with CreditTrade to provide its benchmarks credit-derivatives-data service to Reuters customers.
RISK-MANAGEMENT TECHNOLOGY
Gerry Wilkinson is appointed manager of Raft International's Radar operational-risk product suite; Kamakura shifts management positions, naming Warren Sherman as president and COO.
INVESTMENT-MANAGEMENT TECHNOLOGY
Ariel Capital Management, Inc. selects the MFTP to automate its equity trading; NorthRoad Capital Management LLC runs its approximately 1,000 separately managed accounts on CheckFree APL; ADVISORport and PFPC launch Nationwide Financial's The BEST of AMERICA Advisory Services Program.
OPERATIONS
U.S. Clearing forms a new relationship-management group; Charles River Development and TradeWeb offer a fixed-income STP solution that spans the front, middle and back office; JPMorgan announces the addition of end-to-end investment-partnership processing to its accounting, tax, custody, administration and transfer-agency services for investment managers.
|
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.
Tweet This