Content posted in September 2010
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Office of Financial Research: Essential? Folly? Or Both?
The Dodd-Frank Wall Street reform Act created the Office of Financial Research to help the U.S. Treasury assess banks' risk. But achieving that goal may require an act of God.
Get Ready for FinReg's Systems Bonanza
The new Frank-Dodd Financial Reform law will result in a potential universe of 24 new regulatory systems, including platforms for reporting, compliance and risk.
Is HFT Ready to Take Over the World?
As high-frequency traders eye opportunities across the world, emerging markets are joining the low-latency race, increasing exchange throughput capacity, lowering latency and creating a more friendly regulatory environment.
SocGen Joins SmartPool
SmartPool welcomed SocGen as the latest member to join the European dark pool, and set record in September for dark trading of French CAC40 stocks.
UNX Upgrades Catalyst EMS
Adds support for international equity trading in Europe, Canada and Latin America as well as trade analytics from Goldman Sachs and QSG.
Oracle Capital Selects Options IT to Support Desktop and Mobile Tech
Infrastructure-as-a-Service (IaaS) model provides on-demand access to email, file storage and PC environment, as well as disaster recovery and business continuity.
Oracle Capital Chooses Options IT
Hong Kong-based hedge fund selects Options PIPE Core service, which offers full site of office and mobile technology.
Newedge Executes and Clears $2 billion in IRS via Eris Exchange
Contends private initiatives such as Eris Exchange can create a safer environment for OTC interest-rate swaps transactions and clearing.
Philippine Stock Exchange Completes Migration to NYSE Technologies' NSC V900 Trading Platform
The new trading platform is able to handle larger trading volumes and process trades 10 times faster than previous system.
Small Firms Leverage Cloud-Based Archiving Solutions to Build Social Media Advantage
By leveraging cost-effective cloud-based archiving solutions to ensure compliance, small financial services firms are gaining competitive advantage in the brave new world of social media.
Exchanges Embrace Open Source
As open source software matures, exchanges increasingly are embracing the transparency and efficiency that the solutions offer.
The Infrastructure Economics Breakthrough
The financial executives who can figure out how to shift technology spending from infrastructure and hardware to application development will drive their firms to the winner's circle in the competitive financial services industry.
Upwardly Mobile
While Wall Street has been slow to embrace smartphone applications, a number of firms are introducing new mobile apps. Wall Street & Technology takes a look at some of the latest offerings.
Equinix Partners with Bloomberg
Will provide colocation, connectivity and interconnection services for Bloomberg data services and Bloomberg Tradebook.
Quote MTF Commits to Pan-European Harmonized Tick Sizes
Plans to adopt the same tables as the domestic exchange venues by October 2010.
FSM Labs and Spectracom Deliver Time Accuracy to the Low Nano-Seconds
Test results prove synchronized time accuracy within 30-40 nanoseconds of GPS time from within the server’s trading applications.
OTR Global Enters Distribution Agreement With Assay Research
Shared clients will be able to leverage OTR's channel checks and custom research to investigate opportunities signaled by forensic analysis and to apply Assay's expertise in forensics to evaluate inflection points uncovered in OTR's marketplace findings.
ConvergEx's Cangemi Appointed 2011 STA Chairman
Industry veteran brings extensive experience and deep understanding of capital markets and market structure issues to STA role.
Pipeline Partners with IRC Securities
Buy-side clients of IRC Securities will be able to generate research credits for independent research by trading through Pipeline's Algorithmic Switching Engine.
Tradeweb Launches Equity Derivatives Platform, Supporting Regulatory Efforts
Institutional dealer-to-customer marketplace will support electronic trade execution of equity options on all European single stocks and major indices.
CapGroup Selects Adhesion Wealth Advisor Solutions For Online Reporting And UMAs
Through Adhesion's platform, CapGroup will also be able to apply sophisticated tax management strategies to client accounts, the firm said.
S&P's Capital IQ Acquires TheMarkets.com Research and Estimate Models
The combined companies will deliver a complete investment management research offering to the buy side.
Wolters Kluwer Acquires Risk Management Firm FRSGlobal
FRSGlobal's solutions enable international financial institutions to centralize multi-country risk and regulatory reporting, and address major financial regulatory, compliance and risk management requirements globally.
RBC Capital Market' Global Arbitrage Trading Group Picks Thomson Reuters for Risk Aggregation
The bank's proprietary trading unit will leverage Thomson Reuters' TopOffice to manage all risk exposures across the Global Arbitrage Group strategies on an intraday basis.
WallachBeth Capital Chooses TAG for TCA
The institutional broker will use TAG's advanced TCA to monitor execution quality in exchange-listed options and ETFs on behalf of clients.
Regulatory Reactions to the Crisis and Moving Forward
A new era on Wall Street has dawned, including revamped regulations for OTC derivatives and proprietary trading.
HSBC Goes Live With Liquidity Risk Calculation From FinArch
The solution provides HSBC with a common data architecture in which to store, manage and enrich data from all parts of the business, according to a release.
Bahrain Financial Exchange Strikes Partnership with RTS Realtime Systems
RTS will provide high-speed acces to the BFX trading engine through its range of low latency and algorithmic trading solutions.
Quote MTF Is Giving Equity Partnerships To Key Trading Firms
European MTF continues to rebuff passive flow rebate model to protect against price discrimination.
CBOE Stock Exchange Attracts Retail and Algo Order Flows with New Rebate Program
CBSX experiences 900 percent growth in volume with inverted "maker-taker" pricing program for 75 most active, low priced stocks.
Eurex Adds First Five Taiwan-Based Member Firms its Network
Trading volume from Eurex's Asian-based member firms doubled in the first half of 2010, year-on-year.
SWIFT Links Securities Matching Solution To Multiple CCPs
EuroCCP, SIX x-clear and LCH.Clearnet Ltd are the first CCPs to sign up with SWIFT and will enable a direct connection between SWIFT Accord and their clearing platforms.
Stormtech Financial Services Chooses Orc Software for Electronic Trading
Independent trading firm is utilizing Orc for trading, market connectivity and integration with inhouse systems and back-office functions.
Traders Are Wrong to Think Speed Guarantees Profits
As technology advances to the point that speed is becoming a commodity, traders must think outside the box to produce out-sized returns, says CQG's Yuriy Shterk.
Regulatory Systems: Will Their Steep Cost Outweigh Any Benefits?
Wall Street is evolving, seeking to reinvent itself following the financial crisis. Apparently, the metamorphosis will include building information systems that provide transparency into hidden balance sheets and create audit trails of high-frequency trading activity - at a cost of billions of dollars.
Rethinking Our Markets
How do we create a market that doesn't fold under duress?
A Flawed Model: Relying on High Frequency Traders As Liquidity Providers
While high-frequency traders add liquidity to the markets, the problem is that they are opportunistic liquidity providers that do not have a fiduciary responsibility to make markets.
Proprietary Trading Firms Lure Potential Spin Outs from Big Banks
The spin off of proprietary trading desks resulting from the Volcker Rule presents an opportunity for independent firms and tech suppliers.
Is the LTRS a Big Brother?
Market participants question the costs, required resources and privacy concerns of building a real-time Large Trader Reporting System.
Q&A with Georgetown Finance Professor James Angel
Georgetown finance professor James Angel explains how the financial world has evolved over the past two years, touching on everything from the explosion of displayed liquidity to why thirst for risky speculative practices remains unquenched.
The Key to Understanding Systemic Risk: Data Driven Analytics
When addressing systemic risk, firms need to increase market transparency and accuracy of data while preserving anonymity and security.
Standard Chartered PLC Picks Solace Systems
Solace to provide messaging infrastructure for next generation FX trading platform.
Technology Adoption Brings Change to Indian Capital Markets
While foreign brokers have influenced the adoption of high-touch DMA and the FIX protocol in India, Celent analysts say fully automated DMA remains a distant pipe dream as regulators are skeptical.
The New Wall Street
Heightened attention to risk, the growing role of central counterparties for OTC derivatives and a new breed of independent proprietary trading firms are just a few of the things changing life on the Street.
Voltaire Introduces New Software For Ultra-Fast Storage Access
Voltaire Storage Accelerator software enables a storage server pair to process up to a million I/O operations per second and deliver more than 10 GB/s of data.
Lime Brokerage Launches High-Speed Options Execution Offering
Provides direct access to eight options venues and reduces latency to low double-digit microseconds.
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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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