Content posted in January 2004
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Simplifying Symbology
The Anna Service Bureau announces its addition of MIC to the ISIN, as the LSE postpones launch date for enhanced SEDOL Masterfile.
ELECTRONIC TRADING NEWSFLASHES
Man Financial Singapore connects to four Asian markets via Patsystems; Eurex delays U.S. launch, New date is February 8; ITG's revenues decline 14 percent in 2003.
MARKET DATA NEWSFLASHES
Capco acquires Iverson Financial Systems; Tullett Financial Information opts for global-distribution system for market data; KTS teams up with Radianz for distribution of services.
RISK-MANAGEMENT TECHNOLOGY NEWSFLASHES
PRMIA names Carerro to head Venezuela chapter; FHLB chooses Summit system.
INVESTMENT-MANAGEMENT TECHNOLOGY NEWSFLASHES
Mutual-fund marketing library launched by SEI; Charles River Development and FutureTrade Technologies integrate software systems; London-based fund-of-hedge-funds group implements risk-management solution.
CHX Opens BrokerPlex to Electronic-Order Flow
The Chicago Stock Exchange is boosting electronic access to its floor brokers by hooking up its in-house order-management system with FIX networks.
ELECTRONIC TRADING NEWSFLASHES
Hotspot FXi appoints Curley; Eurex U.S. names Nandapurkar to head new electronic-futures exchange; TradeWeb's 2003 volume was up 70 percent over 2002.
MARKET DATA NEWSFLASHES
Telekurs completes enhancement for internal data-distribution systems; The SEC approves fees for TRACE; Buttonwood Tree Group streamlines market-data processes for London-based investment bank.
RISK-MANAGEMENT TECHNOLOGY NEWSFLASHES
Barra unwraps credit-risk product; Fiserv acquires RegEd; Israel Discount Bank of New York installs the Dart Math Library.
INVESTMENT-MANAGEMENT TECHNOLOGY NEWSFLASHES
SunTrust Banks will use a portfolio-processing and accounting system from SEI Investments; SS&C Technologies acquires Investment Advisory Network; Canadian investment-management company AGF has implemented PeopleSoft Enterprise CRM.
e-Trading Newsflashes
SEC approves the BOX; MFS Implements CameronFIX engine for fixed-income trading; Thomson AutEx obtain direct-access via Lava Trading; PHLX Taps HyperFeed to process market data for automated trading applications.
Market-Data Newsflashes
Dresdner looks to IBM to outsource reference-data operations; Swiss bank licenses data and distribution system from Telekurs; Philadelphia Stock Exchange contracts with HyperFeed.
Risk Newsflashes
FSA Fines Bank of Scotland for Money Laundering Breaches; Westpac NZ Deploys Midas ComplianceWatch for anti-money laundering
Investment-Technology Newsflashes
MFS selects CameronFIX for fixed income; SunGard releases new research platform; UK investment management opts for FMC solutions.
Leman Leaves Citigroup
Citigroup restructures and finds no room for longtime FIX leader.
Vielehr Leaves Merrill, Killeen Takes Over
Byron Vielehr, chief technology officer of Merrill Lynch's Private Client Group, has left the firm. Vielehr's duties will be carried out by John Killeen
E-Trading Newsflashes
CBOT installs wireless phone system for floor traders; Tullett Liberty renews software contract with Future Dynamics; Bank of China installs Summit Systems
Risk Newsflashes
Bank Austria Creditanstalt Signs Up with Fitch Risk to use database; SunGard Buys WhiteLight Basel II technology; BBVA installs Fundtech's PayPlus for CLS.
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MDSL enhances market-data cost-control software suite; UBS Investment Bank provides real-time options prices to clients; FX reference-data directory is released by SSISearch; Axa Group implements MarketXSPro data terminals
Investment-Technology Newsflashes
Prudential Investments' Managed Accounts Consulting Group has licensed CheckFree M-Pact; Two buy-side firms implement Indata solutions.
Nasdaq Unwinds Exclusive with Primex Auction System
The Nasdaq Stock Market will shut down the Prime Auction System this month to cut costs and consolidate trading functionality on SuperMontage.
The Right Time for Rightsizing
Though the market has started to show signs of life, portfolio managers continue to be pressured to find new ways to contribute to the bottom line.
Data Providers Face Identity Crisis
Plagued by declining revenues, the data providers seem to be between a rock and a hard place - hamstrung by increasing competition, an aging infrastructure, an ever increasing amount of content, and a customer base that wants to pay less.
EBS Founder Joins Forexster
Peter Bartko has been named CEO and director of Forexster Limited, the recently established Bermuda-based online-dealing facility for FX.
Loykhter Leaves Prudential
Virginia will not be the new home for Bella Loykhter, who left Prudential Securities instead of relocating to the Southern state.
ISE Opts For New Board Member
Thomas Cardello is the newest addition to the board of directors for the International Securities Exchange.
UNX Translates for the Buy Side
With constant changes in U.S. equity market-structure and numerous protocols evolving, UNX has introduced a universal-language translator for buy-side institutional traders.
Cantor Offers a New View
Traders can now supplement their strategies using Cantor Market Data's AutoSpeed View. The product combines a direct-data feed from eSpeed with proprietary analytics tools.
KnowNow Pushes PDA
KnowNow, a Sunnyvale, Calif.-based Internet-solutions provider, recently added LivePDA, a publish-and-subscribe mobile device, to the Wall Street wireless world.
A Conversation with Legg Mason’s Mike Abbaei
Marching into 2004, Mike Abbaei, executive vice president and chief information and operations officer at Legg Mason Wood Walker, is tackling a full plate of IT initiatives.
IT Challenge: Setting Priorities
The Challenge: Figuring out which project to tackle first is no easy task for IT executives.
Acronyms Abound in Operations
IM, BCP and STP are all part of the alphabet soup that operations professionals grapple with every day.
How BlackRock Stays Solid
BlackRock Vice Chairman Rob Kapito describes how his firm stays on top of the fixed-income world by keeping its technology architecture simple.
Administrative Anguish
The battle of billing and reporting continues, but a break in the war may finally be on the horizon.
Bringing Risk Into the Mix
Legg Mason is among a handful of firms revamping their wealth-management platforms to include risk management.
Favorite Few Rule E-Bond Trading
Seventy-five electronic-trading platforms are competing in the fixed-income market, but a few core systems have most of the volume.
Get With the Program
Sell-side desks are giving their buy-side clients access to program-trading tools so they can slice and dice large blocks and measure transaction costs.
Early Adopters Endorse Linux
While some are cautiously dipping their toes into the Linux pool, E*Trade's Josh Levine is taking the plunge.
Lehman Takes Control Of Provisioning
Lehman Brothers found that managing the complicated process of provisioning and de-provisioning users requires consistent policies and an automated system.
Is Time on Your Side?
As trading abuses are exposed, the mutual-fund industry contemplates how to stop the late bird from getting the worm.
Citigroup’s Secret
Citigroup has been quietly building a project-portfolio-management portal since 2000. The portal has helped CIO Tom Sanzone cut $200 million from his budget and change the way he manages 15,000 developers. Now he's considering putting the system on the market.
CRM: Starting to Live Up to Its Promise
What's actually happening is people are finally starting to figure it out.
Do Not Call Compliance
Each infraction, that's one sales call to a number listed on the Do Not Call list, can cost your firm up to $11,000.
Nasdaq Market Share Predicted to Increase
Celent Communications believes that Nasdaq will achieve 35 percent market share in 2005.
Alert! Alerts Promise Operational Savings
According to a recent Financial Insights study, Alerts and notifications promise significant operational advantages in a variety of applications.
Beyond Compliance: The Business Value of Sarbox
Investing in Sarbanes-Oxley could offer a competitive edge, according to a recent TowerGroup report.
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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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