Content posted in February 2010
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The Proposed Volker Rule Prompts Spin Outs of Prop Desks
With the Obama Administration moving forward on the so-called Volcker Rule to limit banks from conducting proprietary trading, some technology vendors see an opportunity to serve bank spin outs.
Statistical Research Teams Up with Progress Software on HFT Algo Trading
SRL will use Progress Apama's CEP platform to offer one-stop shop for quantitative and algorithmic trading to brokers and hedge funds.
TGIF: A Bad Office Is Bad For Business (video)
This humorous video clip from Regus.com shows how a bad office is definitely bad for business...
Pershing Launches Multi-Asset Agency Execution Service
Pershing has introduced its Nexus Execution Services, a new multi-asset execution service for private clients.
What's the Future of Climate Change and Carbon Trading?
In a video interview, Editor-at-Large Ivy Schmerken spoke with Larry Tabb, founder and CEO of Tabb Group, about the likelihood of the U.S. Senate passing climate change legislation this year.
TSI Launches First Fully Automated Distressed Loan Settlement Platform
The new platform streamlines the process of trading and settling distressed loans, creating substantial time and cost efficiencies for all market participants, according to the vendor.
Incentive Capital Management Selects Pricing Partners
Dublin-based asset manager chooses Price-It Excel to price and risk manage its inflation linked derivatives business.
Mitsubishi Extends Brady's System to Global Trading of Precious Metals
Mitsubishi will use Brady as a single integrated platform for both physical and derivatives trading, gaining improved exchange connectivity and regulatory compliance.
Bloomberg Tradebook Launches Futures Pairs Algo
Bloomberg Tradebook has launched its new MTRX algorithm for risk-based spread trading in futures markets.
The Marriage of Compliance and Risk
With a new regulatory regime in the offing, and the promise of more stringent controls likely to be fulfilled, Matt Grinnell of Fidessa LatentZero looks at how asset management firms can prepare themselves by breaking down the barriers between legal, risk management and compliance teams.
Deutsche Bank's Marques Is Focused on Developing Smarter Algos to Access Dark Liquidity
Jose Marques is heading up algo development and DMA trading at Deutsche Bank.
Configurable 'Ticker Processors' Accelerate Automated Trading
FPGA-based computers minimize the latency of feed-handling algorithms.
Why Government Regulators Seem Unprepared
The global financial crisis and Toyota's current mess have something in common -- government watchdogs didn't fully understand the complex systems they were supposed to be regulating.
ConvergEx Offers Prime Brokerage Clients Commission Management Tech
ConvergEx offers North Point clients commission management technology.
Charles River IMS selected by Italy's Market Leader Eurizon Capital
Integrated trading platform streamlines front-office operations across asset classes.
Dow Jones, Revere Team Up For Enhanced Data Offering
Dow Jones and Revere Data have teamed up to provide traders with an enhanced news source for analyzing and identifying trading, investing and hedging opportunities.
Don't Expect FinReform Legislation This Week
CNBC is reporting that Senator Chris Dodd is unlikely to unveil financial reform legislation this week, to negotiate with Republican Sen. Bob Corker over the consumer protection piece.
Turquoise and EuroCCP Extend Clearing Service to Hungarian and Czech Securities
Turquoise will offer trading in the Hungarian and Czech securities cleared through EuroCCP from Feb. 26 onward.
Knight Builds Out Institutional Options Team
Knight Capital Group is expanding its options capabilities for institutional clients with the hiring of a new sales and trading team.
What Regs Are Next? (video)
In light of the Madoff scandal and the financial crisis, regulators who have been heavily scrutinized for their failings are under more scrutiny than ever before. In this video clip, Senior Editor Melanie Rodier speaks to Larry Tabb, CEO and founder of TABB Group, about what new regulations the financial community can expect, and about the future of the SEC.
Integral Development Corp. Jumpstarts FX Algo Development
Launches FX Inside Alpha for firms to develop algorithms, backtest and host them in a single environment.
SEC Risk Proposal: A Fair Start But Lacking Specifics
The SEC risk management proposal advocating baseline operational risk controls is a good-faith attempt by regulators to augment risk management within brokers and broker/dealers, however, the SEC leaves too much discretion of acceptable practices to the discretion of the firms whose activities require control.
Hedge Funds Make Operational Changes, Says Study
About 70 percent of hedge funds have altered their operations to reduce counterparty risk, reports Omgeo-sponsored/Greenwich Associates study.
Instinet Grows Australian Trading Team
Instinet continues to grow its Australian brokerage subsidiary with the addition of four staff members to support its trading efforts.
BlackRock Selects Pyxis Mobile Platform For Multiple Business Units
The Pyxis Mobile platform is extending multiple CRM systems to BlackRock's mobile workforce, aggregating and accessing all the systems through native applications on employee devices.
SuperDerivatives Names Equity Derivatives Sales Head
SuperDerivatives has hired Mikael Benguigui to head up its equity derivatives sales team.
TGIF: New Sneak Preview of Wall Street 2 - Money Never Sleeps
Greedy Gordon Gekko is Back. 20th Century Fox has just unleashed a new international trailer for "Wall Street 2: Money Never Sleeps", coming out with brand new footage.
Obama's Controversial Stimulus Did Help Growth
Marking the first anniversary of President Obama's controversial stimulus, WSJ's Gerald Seib discusses how the package, along with interest-rate moves and a shoring-up of bank balance sheets has allowed the U.S. to outstrip European economic growth.
StreamBase Launches Industry's First Developer Community to Advance CEP Innovation
The StreamBase Component Exchange allows developers to download and share reusable components in a global community, as a means to spark innovation in CEP through the development and sharing of applications and ideas.
Bloomberg Expands Machine-Readable News Offering With Analytics
Bloomberg adds metrics such as most read Bloomberg-only stories and "news heat" — analysis of the most-written about companies and topics.
No Word On the Options Symbology Conversion
I didn't see the Options Symbology Initiative landing on the front page of the Wall Street Journal or other media outlets.
Introducing Broker-Dealers Compete With Big Boys
Introducing brokers' technology budgets are small, but many of these firms can, and do, compete with the largest firms' platforms simply by being smart shoppers, says a new Aite Group report.
JPMorgan: Regulation Increases Costs
Tighter regulation is supposed to be the price of making the banks stable and taxpayers whole, but JPMorgan Chase is warning it will also bring a much higher cost of doing business,
Ticonderoga Launches Research Coverage of Asset Management Companies
Ticonderoga also plans to cover brokerage firms, exchanges, market structure and e-finance, within its recently established financial services sector.
TradingScreen Expands Transaction Cost Analysis Capabilities
The TCA services will be integrated into the TradingScreen infrastructure.
Options IT Expands its Options PIPE Platform to Interxion's London Collocation Financial Hub
Agreement extends Options IT's high-performance technology infrastructure, managed hosting, market data and connectivity services to Interxion's collocation facility.
Five Major Brokers Added to UNX Trading Network
UNX has added five major brokerage firms to its trading connectivity network: Girard Securities, Goldman Sachs Electronic Trading (GSET), Mizuho Securities USA, Rosenblatt Securities and UBS Investment Bank.
CastleOak Securities Flips Switch on Fidessa Trading Platform
Boutique investment bank upgrades its trading technology with Fidessa hosted trading platform.
TradingScreen Connects to Societe Generale For FX Trading
According to the agreement, Societe Generale Corporate & Investment Banking will offer the TradingScreen Buy Side client base a full foreign exchange execution suite covering Spot, Forward and Swap deal types supported through RFQs and RFSs.
Lightspeed and Recognia Launch Intraday Trade Setup Notification Tool
Tool alerts traders of all skill levels to 'trade setups' throughout the day.
New Book Blames Quants for Credit Crisis
Should the average American with a 401-K worry about the rise of quants on Wall Street? That is the focus of a new book, "The Quants," by Scott Patterson, staff reporter at the Wall Street Journal.
List Group Releases CEP and Algo Trading Engine
List Group, the electronic trading software provider behind 15 European electronic markets, has launched its Brain3 (B3) advanced CEP and algorithmic trading engine.
ConvergEx Launches Tactical Trading Algo
ConvergEx Group has launched its Abraxas tactical trading algorithm, which utilizes a proprietary multi-dimensional sensitivity profile to exploit dark liquidity, favorable price movements and volatility changes.
BNP Paribas Securities Selects Asset Control for Reference Data
BNP Paribas Securities Services has chosen Asset Control, a financial data management solutions, to provide a centralized data management platform for “golden copy” securities reference data.
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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.
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