Content posted in March 2010
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ITG Takes Dark Pool to Asia
ITG has launched its new Posit Marketplace dark pool in Asia to trade Hong Kong equities.
Brand Name Managers Join Covestor, Giving Legitimacy to Social Investing
Social investing site Covestor.com has attracted top wealth managers, such as Navelier & Associates, and four other established investment firms, allowing everyday investors to mirror their moves.
Citi Launches Next Generation Algorithmic Trading Platform
The new platform enables clients to get self monitoring alerts for exceptional conditions with multiple levels of severity; real-time information on strategy progress and performance and enhanced stability, redundancy, and recovery framework.
Kaufman Vows to Go After Wall Street Fraud
In response to Lehman Brothers' "Repo 105" accounting gimmick to shift debt off its balance sheet, Senator Ted Kaufman (D-Del.) vows to weed out fraud on Wall Street.
Derivix Adds J.P. Morgan and S.A.C. Venture Investments As Strategic Investors
New investments enable continued product innovation, and expansion of the company's sales and customer support infrastructure.
Morgan Stanley, Mitsubishi to Integrate Japanese Securities Businesses
Mitsubishi UFJ Financial Group (MUFG) and Morgan Stanley have announced plans to integrated their securities operations in Japan.
Northern Trust Finds Success in Unity
Northern Trust consolidated its trading operations in time to weather the financial crisis and streamline the trading process.
J.P. Morgan Asset Management Gives Traders A Break
J.P. Morgan Asset Management has built an Execution Optimizer, or EO, that will further automate the trade workflow by utilizing TCA and portfolio manager profiling to generate and execute on strategies.
Hard at Work: The Buy Side Rebuilds and Refocuses for a New Trading World
Buy-side firms aren't waiting for the next big thing to lift the industry. They're undertaking large-scale projects to improve the trading desk and emerge from these trying times more efficient than ever.
Colonial First State Global Asset Management Appoints ASSET4 As Its ESG Research Provider
ASSET4, which was acquired by Thomson Reuters in November 2009, has developed the world's largest database of transparent, objective and auditable ESG information covering over 3,000 publicly listed companies worldwide, as well as a variety of other entities including countries, local authorities, state-owned companies and supranational entities.
Eze OMS Integrates LocateStock’s Matador Stock Locate Platform
LocateStock’s Matador real-time stock locate platform is now available through ConvergEx Group’s Eze order management system (OMS).
LCH.Clearnet Launches Clearing Service for Credit Default Swaps
nday, March 29, to bring security and transparency to OTC derivatives markets.
Uncertainty Over Volcker Rule Impacts Proprietary Trading Desks
While it is doubtful that the Volcker Rule will pass as is, it already is having an effect on banks, which are spinning off proprietary trading desks.
Instinet to Launch Corporate Access Platform, Changing Sell-Side Driven Process
Instinet's Meet the Street will automatically match CEOs and CFOs with institutional investors to arrange non-deal roadshows in U.S. cities.
Computing Return on IT (ROIT): The Holy Grail of the Business Value of IT
The development of a return on IT measure ensures that business and IT management can understand current technology investment in terms of business outcomes, according to Howard Rubin, founder of Rubin Worldwide.
Commodities Traders Increasingly Adopt Algorithms
Commodities traders increasingly are adopting algorithms, but these aren't the equity markets' automated trading strategies, as commodities algos often make room for human discretion. By Ivy Schmerken
Fiserv's TradeFlow Extends Pre- and Post-FX Automation for Continuous Linked Settlement
With this enhancement, TradeFlow from Fiserv can automatically identify trades eligible for CLS settlement and eliminate the need to work with custodians for exception management.
Vendor Risk Top of Mind for Wall Street Firms
As firms search for stability in their technology partners, larger vendors have the edge. But eventually smaller, innovative providers will make a comeback.
Kuwait and Middle East Investment Company Picks Quod Financial
Quod Financial will provide new online trading platform for retail and high-net worth investors in Kuwait.
ITG Canada Goes Live on Omgeo CTM
ITG Canada has become the first broker in North America to go live with the Omgeo Central Trade Manager (Omgeo CTM).
Capital Markets Firms Turn to Cloud Computing
Despite disagreement on the actual definition of 'cloud computing,' capital markets firms increasingly are turning to the technology to achieve scale, cut costs and improve time to market. But not everything about the cloud is white and fluffy.
Proactive IT Monitoring Strategy Emerges for Complex, Low Latency Infrastructures
A new strategy, Business Transaction Processing, has emerged for monitoring and troubleshooting high-volume, complex environments in investment banks.
OptionsXpress Embraces Virtualization
While brokerage optionsXpress has embraced virtualization, don't tell EVP Ben Stein that the firm is using a cloud.
Boston Options Exchange Taps SaaS for Billing
The Boston Options Exchange's decision to move to a software-as-a-service billing solution was chiefly driven by its need to free up resources to tackle industry initiatives.
Riding the Cloud to Market: Q&A With Marc Chaikin
Marc Chaikin, who developed the first real-time analytics workstation for stock traders and portfolio managers, talks to WS&T about his latest venture and how he is using the cloud to deliver data to investors' smartphones.
The 2010 mySIFMAech.com Site Is Now Live
The mySIFMA Website for the 2010 SIFMA Financial Services Technology Expo is now live and can be found at mysifmatech.com.
TGIF: It's A Twitter Frenzy
Don't get left behind! Just about everyone - and we do mean everyone - is tweeting nowadays. Jon Stewart discusses the trend in this clip from the Daily Show...
Thomson Reuters CEO on Encouraging Innovation
In this video clip from the Wall Street Journal, Thomson Reuters CEO Tom Glocer discusses how he asks employees to play with new technologies.
Digits: Will Apple's iPad Live Up to the Hype?
Apple's iPad makes its much-awaited debut in just 8 days. AllThingsD.com's Kara Swisher discusses whether she believes the tablet computer will live up to the hype.
Redline Trading Solutions Announces New High-Performance Market Data Platform
InRush 10G provides significant latency and throughput advantages as well as adding support for dual 10Gbit Ethernet market data connections.
Industry Working to Build Infrastructure to Enable Central Clearing of OTC Derivatives
While Congress hammers out details of OTC derivatives reform, buy-side firms and dealers are working to connect to central counterparty clearinghouses to enable central clearing and reduce counterparty risk.
The Tangled OTC Derivatives Marketplace
Rather than build connections to multiple central counterparty clearinghouses, many buy-side firms will rely on third-party services to bridge the gap in OTC derivatives clearing.
The Speed of Change
Unlike regulatory reform, the pace of technology innovation has quickened to help facilitate change in the financial markets.
A Leap Forward in U.S. Stock Analysis
I recently spoke with Jonathan Greenberg, CEO of OCE Interactive, the developer of Market Topographer, an interactive Web-based platform for benchmarking and valuation analysis of U.S. stocks.
Liquidnet Ranked No. 1 Broker for Best Ex in ITG Broker Edge Study
Liquidnet ranked first in three major categories, from Q4 2008 through Q3 2009.
Lime Brokerage Offers Solution to Naked Access Problem, In Advance Of New SEC Regulations
Releases LimeInside with pre-trade risk controls for sponsoring brokers to aggregate risk across multiple destinations.
Nomura Makes Key Program Trading Appointments
Nomura Securities International has named several new senior leaders for its program trading team to support the expansion of its U.S. capabilities and the build out of its global portfolio trading offerings.
TMX Group Taps NetScout Systems for Latency Monitoring
Operator of cash and derivatives markets deploys nGenius Assurance Solution to track order messages, market data feeds as well as the performance of communications protocols.
RealTick Expands Relationship With Nomura Adding Latest U.S. Electronic Equity Trading Capabilities
RealTick users can access Nomura's latest ModelEx suite of algorithms, Smart Router and dark crossing platform NX, as well as make use of Nomura's direct market access, Program Trading and Worked Order capabilities for U.S., European and Asian equity execution.
Intel, AMD Servers To Run NYSE Data Centers
Like Google, Yahoo, Amazon, and Microsoft, the NYSE is building its data centers with PC-style servers, disk drives, and I/O devices -- on a massive scale.
NYSE Data Center Upgrade To Yield New Business
NYSE Euronext will offer infrastructure and hosted services in addition to its data and trading services when it brings two new mega-data centers online.
Global Parallels Prime Canadian Traders to Find Alpha
As U.S. and European firms respond to their changing environments and the dispersal of liquidity along with high frequency trading, Canadian traders are also looking to speed and automation to secure alpha.
Deutsche Bank Launches Super X Algo
Super X enables the client to manage access to dark liquidity, while avoiding adverse selection and minimizing the trade footprint, according to Deutsche Bank.
RealTick Adds Nomura Equity Trading Capabilities
RealTick has added Nomura’s latest U.S. equity trading products to its execution management system (EMS) platform.
SunGard Identifies Ten Trends for 2010 in Wealth Management
An increasing number of investors are seeking advice during the troubled economy, and automation will remain critical to firms' profitability and productivity, according to Sungard, which has identified "Ten Trends for 2010 in Wealth Management."
Status of Financial Reform Bill
he debate over financial reform is heating up today, as the banking committee begins amending Sen. Christopher Dodd's bill today.
Syntel Taps Numerix to Power New Pricing Service
Syntel announced it would begin providing independent pricing services to its buy- and sell-side clients using Numerix’s cross-asset pricing and risk analytics technology.
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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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