Content posted in August 2000
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T+1 -- Which Direction Will the Industry Take?
T+1 is fast approaching, and as quickly as preparing for it is being pushed to the forefront of securities and investments firm's technology strategies, just as quickly are the number of solutions to chose from beginning to confuse participants.
CBOT Goes Live with New Internet-Based Order-Entry System
To date, 15 members have signed on to use the new browser-based eopenoutcry.com, which is expected to eventually replace the CBOT's incumbent order-entry platform. Another six users are already in the pipeline.
TT Launches New Graphical User Interface
Trading Technologies' MD Trader, which has been integrated with TT's front-end workstation products, X Trader and X Trader Mercury, is expected to improve price transparency and enhance trade executions for clients who use those systems.
CFOWeb.com Snags New Information Provider
National Australia Bank agrees to contribute information on foreign exchange, money markets and interest rate derivatives products to the B2B exchange.
IN BRIEF
Optimark looks for buyers for its disappointing U.S. stock trading business; Optimark's Roger Burkhardt accepts post as NYSE's chief technology officer and svp; International Securities Exchange scheduled to begin trading stock options on Gateway, Inc. in decimals.
BlackRock Launches BlackRock Solutions for Institutional Investors
Firm announces intention to launch a separate business line targeted at the asset management community in BlackRock Solutions, through which it will market, implement and manage its proprietary investment management tools as an ASP provider.
Advent To Offer Financeware Applications to Financial Advisors
A new suite combining Advent's portfolio management and accounting solutions with Financeware's wealth management applications is expected sometime in October.
Princeton Financial Enhances Bloomberg Interface
Enhanced version of Bloomberg Data License interface will automate the request and retrieval of market information by users of the PAM investment management system.
IN BRIEF
Bridge Information Systems offers customers on-site capacity testing and assessment; American Century chooses Arbortext to build a variety of investment product offerings; Nasdaq plans to start pilot for conversion to decimal notation this week.
Regional Exchanges Push Ahead Plans to Trade Nasdaq Stocks
The idea of rallying more exchanges to trade Nasdaq stocks parallels Nasdaq's vision that eventually all exchanges will become part of its SuperMontage.
Global Link To Connect Through EzeCastle
State Street deal with EzeCastle will facilitate routing to exchanges and trading systems worldwide. A new offering combining functionality is expected this week.
New Auction Platform for Bonds Goes Live
WR Hambrecht & Co. rolls out OpenBook, an Internet-based auction platform covering new issues in the investment-grade bond market.
WealthPlace Sets Sights on the Wealthy Wired
WealthPlace.com, launching in September, will serve as a portal site to reach clients more interested in preserving wealth than in how much a flat trade costs on an online brokerage transaction.
BSE Gets Green Light from SEC To Roll Off-Site Specialist System
Boston Stock Exchange will begin beta testing next month for Beacon Remote, a trading system that allows brokerage firms to trade BSE-listed stocks, as specialists, outside the floor of the exchange.
Regional Exchanges Push Ahead Plans to Trade Nasdaq Stocks
The idea of rallying more exchanges to trade Nasdaq stocks parallels Nasdaq's vision that eventually all exchanges will become part of its SuperMontage.
New Auction Platform for Bonds Goes Live
WR Hambrecht & Co. rolls out OpenBook, an Internet-based auction platform covering new issues in the investment-grade bond market.
IN BRIEF
Savvis signs deal with Boston Stock Exchange; Knight Trading Group hires Robert Stellato as global head of institutional sales; eBondUSA.com makes it debut.
eCommerce in the U.S. Fixed Income Markets
Implementing an electronic trading system that can manage
the distinctive characteristics of the vast array of securities in today's
markets presents a major challenge. The Bond Market Association's annual review of electronic transaction systems takes a detailed look at the market's key players.
A Conversation With Michael Bloomberg
Michael Bloomberg provides a glimpse at his perspective on pricing, his competition and other major issues.
BuySideDirect Set to Go Live
Intelligent Markets Inc. launches its subsidiary, BuySideDirect.
A Conversation With Joseph Eng
Everyone is wondering what new CIO, Joseph Eng, is planning for S.W.I.F.T.-s next generation of standards. Eng discusses this and other issues with WS&T-s Executive Editor, Kerry Massaro.
Brown Brothers Tackles STP For Overseas Nasdaq Orders
Brown Brothers Harriman becomes a one-stop shop for executing small retail orders and providing integrated clearance and settlement services.
Decisions, Decisions
The GSTPA mulls its choice for the industry's first model to share post-trade, pre-settlement data on cross border trades.
Guardian Selects Janna and Sailient as its CRM Solution
Guardian Capital Advisors chooses to join Merrill Lynch and JP Morgan as users of Janna Contact Enterprise customer relationship management (CRM) software.
TradingLinx Hires Scudder Pro to Focus on Buy Side Relationships
TradingLinx.com hires Joel Gallo--former vice president of investment administration and technology--to focus on buy-side relationships
SuperMontage: ECNs, Nasdaq Make Their Cases in D.C.
Sources confirm that a number of ECNs and several high-ranking members of Nasdaq met with SEC Chairman Levitt and Phil Gramm (R-Texas) to present arguments for and against Nasdaq's proposed SuperMontage.
State Street Eyes Expansion for Bond Connect
With the incorporation of a European bond database into the electronic fixed-income trading platform, coverage of European debt instruments and U.S. municipal bonds is on the horizon for Q1 next year.
Goldenberg Hehmeyer and A.B. Watley Choose Tradeworx for Decision Support
Goldenberg expects to roll out a pair of Tradeworx' front-end applications by October, while Watley in now in the process of integrating the vendor's Limit Order Tool with its internal order-routing and execution system.
IN BRIEF
ePIT names Timothy E. Campbell president and chief operating officer; Stephen Ficara and Joel Gallo join TradingLinx.com; The Chicago Mercantile Exchange to launch new group of contracts, the FORTUNE e-50 index futures, on Sept. 5.
The Second Coming of Merrin
Will LiquidNet Succeed Where Others Have Failed?
FNX Releases eSierra, an ASP for Trading
FNX Ltd rolls out the eSierra Portfolio, a Web-enabled trading, deal capture and risk management application.
FTI Unveils T+1 Performance Group
FTI sets up a new T+1 Performance Group that tests a firm's data processing capabilities.
Watcher Introduces Decimal-Ready
Watcher Technologies releases a new version of its WatcherPlus trading platform that gives traders the ability to express their orders
IT Hiring Binge Continues
Most CIO's expect to continue hiring information technology (IT) personnel during the third quarter of 2000.
The Big Picture: Account Aggregation
Individual investors are increasingly becoming confused over how to manage the various online accounts they hold.
iPhrase Eases Financial Searches
iPhrase Technologies hopes to help users navigate and find information on financial Web sites with minimal time and effort.
Improving the Flexibility of Neural Network Trading
BioComp 'mesh" technology frees up the traditional rigid structure of the neural network.
Black Pearl/LogicSpan Venture to Target Financial Services Sector
San Francisco-based Black Pearl Inc., an e-business software provider, and LogicSpan, a consulting firm, joined forces creating a strategic partnership at a Web seminar on July 18
A Conversation with Nick Davidge
Nick Davidge explains how his company's brokerage technology and domain expertise.
Innovision Rolls out First Applications using FIXML
While the industry considers FIXML, Innovision Corporation takes the step in offering a solution.
Macalla Revs up with Mobility Launch
Macalla Software releases its latest version of Mobility.
Cisco Enhances Hoot and Holler Networks
Cisco Systems, adapts its voice over IP (VoIP) network technology for the Hoot and Holler networks.
Buyer Beware: Cutter Points Out Potential Pratfalls to Buying a Trade-Order Management System
Although investment managers need to be concerned about functionality when conducting a trade-order management and compliance system search, a report conducted by Cutter Associates highlights the attention that a buyer must pay to the vendor selling the system.
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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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