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News & Commentary
Content posted in December 2000
A New XML-based Standard for Weather Derivatives Transactions Proposed
News  |  12/22/2000  | 
Navigating the weather derivatives market with WeatherML.
ATS Pursues Partnerships/Joint Ventures for LimiTrader.com
News  |  12/22/2000  | 
LimiTrader.com may soon be backed by a new group of investors. ATS is aggressively trying to find partners for the system.
Aspect Capital Launches Fund on PlusFunds.com
News  |  12/22/2000  | 
Aspect Capital has placed its new hedge fund on the PlusFunds.com platform, hoping that increased price transparency begets increased liquidity.
BUYSIDE BRIEFS
News  |  12/22/2000  | 
SS&C Technologies has appointed eight new executives; The MacGregor Group announced Hermes has selected the MFTP; BNY Clearing Services chosen by Bloomberg Tradebook for its newly developed electronic fixed-income trading system.
ELECTRONIC TRADING BRIEFS
News  |  12/22/2000  | 
Computershare Ltd. acquires London-based Citywatch Ltd; Datek Online Holdings receives $700 million in private equity funding; The CME achieves an all-time annual high in trading volume.
NeoNet to Provide Electronic Trading Interface in Europe
News  |  12/15/2000  | 
NeoNet expects to provide electronic connectivity to stock markets in London and Paris in 2001.
CreditDimensions to Streamline Credit Risk Management
News  |  12/15/2000  | 
Ten vendors come together to launch online community for credit risk management.
WealthMetrics.com To Partner With Yodlee
News  |  12/15/2000  | 
WealthMetrics.com has teamed up with Yodlee to bring an account aggregation flair to their financial planning software.
BUYSIDE BRIEFS
News  |  12/15/2000  | 
SunGard plans to build a secure, global network infrastructure. Raiffeisen Kapitalanlage goes live with SunGard Investment Management Systems' Decalog product.
RISK MANAGEMENT & MARKET DATA BRIEFS
News  |  12/15/2000  | 
Decisioneering Inc. and Decision Strategies form a strategic alliance to offer an integrated product package. FinPortfolio releases several enhancements to its Web site. David Eisner appointed CEO of TheMarkets.com
ELECTRONIC TRADING BRIEFS
News  |  12/15/2000  | 
ePIT Inc. promotes Timothy Campbell to chief executive officer. Atriax adds seven new banks as members. The EEX expects to begin trading derivatives electricity contracts in the first quarter of 2001.
A Look Back, A Peek Ahead
News  |  12/15/2000  | 
The Big Board Pushes Wireless to End the Paper Trail
News  |  12/15/2000  | 
NYSE looks ahead to a paperless future.
Canada Looks to Stay in Step with U.S. for T+1
News  |  12/15/2000  | 
Canadian Capital Markets Association creates a working group to help Canadian financial services firms prepare for T+1.
Big Board Outlines Plan to Open Up to Individuals
News  |  12/15/2000  | 
New York Stock Exchange plans to to launch a pair of technology initiatives in 2001.
Liffe to B2B Technology Challengers: We're Better Than You Are
News  |  12/15/2000  | 
Liffe remains confident about it's future in the B2B market.
Lehman Brothers Moves Toward STP with Reuters' Data, Tibco Infrastructure
News  |  12/15/2000  | 
Lehman Brothers replaces and upgrades older proprietary systems in a quest for STP.
Risk Management Compensation Increases as Importance of Post Is Highlighted
News  |  12/15/2000  | 
Risk Executives' Comp Nears $1 Million
Operational Risk Takes Center Stage: Heller Financial Faces Its Operational Challenges Head On
News  |  12/15/2000  | 
Uniform Commercial Code statements a source of operational obstacle for Heller Financial.
BNY Asset Management Selects 'Merrin" As Trade Order Management System of Choice
News  |  12/14/2000  | 
BNY chooses MacGregor Financial Trading Platform to increase the level of automation involved in the trading and management of its portfolios.
Buy- and Sell-Side Firms Come Together Around RIXML
News  |  12/14/2000  | 
Representatives from buy- and sell-side firms form RIXML.org.
The Challenge: Coping With Commoditization
News  |  12/14/2000  | 
Financial services institutions faced with increasing competition must search for new operating models to drive revenue and fee income.
Citigroup Strives for Secure Multi-Device Access
News  |  12/14/2000  | 
Citigroup is adopting a uniform authentication strategy.
Tantau, Brokat and w-Technologies Fill Top Spots on Wireless Ranking
News  |  12/14/2000  | 
Celent ranks Tantau Software, Brokat and w-Technologies as the top three wireless vendors for the financial services industry.
2001: INDUSTRY EXPERTS TAKE A LOOK AT THE YEAR AHEAD
News  |  12/14/2000  | 
Six industry experts give their opinions on the year ahead.
A Conversation with GARP's CEO, Adam Davids
News  |  12/14/2000  | 
WS&T's Associate Editor Cristina McEachern talks with GARP's CEO Adam Davids about the association's big plans for the New Year.
TransactPlus Raises the Bar on Secure Message Delivery
News  |  12/14/2000  | 
TransactPlus emerges as a major player to deliver managed network services.
GFInet Hires New CIO
News  |  12/14/2000  | 
Wofex Names Don Fowler to Board of Directors
News  |  12/14/2000  | 
Big Board Breakthroughs
News  |  12/14/2000  | 
NYSE works feverishly to create a newer, more automated environment that should change the public's perception of its market.
Bloomberg Looks to Provide Straight-Through Processing Key
News  |  12/14/2000  | 
Bloomberg positions itself to lead the industry in a future of straight-through processing.
Cygnifi Joins Forces with International Law Firm to Launch Legal Risk Management Site
News  |  12/8/2000  | 
New Trinity service available on Cygnifi's Web site for legal research and analysis on collateralizing derivatives in countries around the world.
onExchange Snags Clearing Contract with EnergyClear
News  |  12/8/2000  | 
EnergyClear, a clearinghouse scheduled for launch next Spring, plans to use a clearing system supplied by onExchange.
Eagle Investment Systems Provides Portfolio Managers With Remote Access to PACE
News  |  12/8/2000  | 
Eagle Investments Systems looks to answer the remote access call with Eagle Portal.
BuySide Briefs
News  |  12/8/2000  | 
SunGard EBS selected as the preferred technology partner by Sunsuper. Lipper announces the availability of Daily Mutual Funds product to financial professionals on the Reuters Plus and Reuters Pro product series.
MARKET DATA & RISK MANAGEMENT BRIEFS
News  |  12/8/2000  | 
Reuters chief takes on group role. Easdaq gets innovation award. GovPX chooses Sector. eRisk holds online conference.
ELECTRONIC TRADING BRIEFS
News  |  12/8/2000  | 
CME volumes grow. Datek launches direct access system. BoA signs with ADP for global processing.
CME Opens Up Access to Globex2
News  |  12/1/2000  | 
CFTC gives CME green light to provide direct electronic trading access to all market participants.
Merrill Lynch Investment Managers to go Live with new Research Site
News  |  12/1/2000  | 
Merrill Lynch taps the ASP service provider to develop and host a new research Web site.
Javelin Develops FLIRT to Facilitate Electronic Trading Communication
News  |  12/1/2000  | 
Javelin launches FLIRT, a new Internet infrastructure that it hopes will catch on as the industry's choice for communication between financial services players.
BUYSIDE AND OPERATIONS BRIEFS
News  |  12/1/2000  | 
FXall forms partnership with FNX Ltd. The Global Investor Services division of Chase Manhattan Bank chosen to be the custodian of 6.5 billion in assets. SS&C Technologies to host its second annual Tech Expo 2001.
ELECTRONIC TRADING BRIEFS
News  |  12/1/2000  | 
The OM Stockholm Exchange is in the process of recruiting a successor to Carl Johan Hogbom. WallStreetCity.com and TradingMarkets.com form an alliance.
MARKET DATA BRIEFS
News  |  12/1/2000  | 
J.P Morgan provides its Morgan OnLine clients with Dow Jones News for Investors. Bridge teams up with DotEx International. Wireless access for First Call Web clients.
RISK MANAGEMENT BRIEFS
News  |  12/1/2000  | 
SunGard launches a credit risk application service. The New York branch of HVB implements Algorithmics' Sentry solution.


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