Content posted in October 2011
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Humans, Not Systems, New Targets of Hack Attacks Requiring New Security Methods
Regulators are more vigilant than ever before, and firms are struggling to keep up with new, sophisticated attacks.
Four Investment Banks Go Live with AcadiaSoft
Deutsche Bank, Goldman Sachs, HSBC and J.P. Morgan are using AcadiaSoft's online community for margin automation in the OTC derivatives market.
SunGard Connects with GETCO's European Crossing Network
GETMatched crosses brokers’ orders with passive flow from GETCO’s European market-making operation.
What the Cloud Really Means for Custodians
Cloud is increasingly becoming the basis for IT infrastructure, and that can fundamentally change the way that custodians do business, contends StatPro's CEO Andrew Peddar.
Pershing Expands Anywhere Account Access for Investors and Advisors
The BNY Mellon company recently introduced a version of its platform that is compatible with Google's Android operating system.
TeraExchange to Launch New Market for OTC Derivatives
New trading venture will offer a central limit order book for swaps and OTC cleared derivatives in Q4 2011.
Applauding Occupy Wall Street
The Occupy Wall Street movement should be commended for reminding Americans of the country's intimate history with public protest. However, the movement itself needs some refining.
Open Compute Project Aims to Bring Open Source Standards to Data Center Technology
At New York City event, OPC names its first slate of directors, which includes Goldman Sachs.
Bernie Madoff Reveals The Worst Part of Prison
Bernie revealed what keeps him up at night: And it's not, as you might think -- or hope -- his victims.
Larry Tabb’s 2012 Financial Markets Forecast: Antacid — And Plenty of It
The markets are in a state of shock. And all of the new rules coming in 2012 will only make it more difficult and more expensive for all financial markets participants.
For RIAs, Successful Dodd-Frank Compliance Must Start Now
With new Dodd-Frank Act rules looming, registered investment advisers must make certain that their IT supports new regulatory compliance requirements, according to Ernst & Young’s Cynthia Doe and Daniel New.
Technology's Growing Importance to Business Provides an Opportunity
Today's economies are far more technology-intense than in 1980, and the overall technology economy is growing even as the global economy stagnates.
New Application Development Tools Promise to Boost Code Quality and Reduce Downtime
To improve application code and reduce downtime, financial services firms such as Raymond James are turning to an emerging category of analytical tools to objectively measure quality and inform developers.
Arrest Of Former Goldman Exec Could Lead To More Juicy Wall Street Revelations
Gupta was saved the humiliation of a perp walk, which could be far from incidental.
Hedge Fund Compensation Fell in 2011: Glocap Survey
Compensation for hedge fund employees declined in 2011 in the wake of volatile markets, with portfolio managers and senior traders taking the biggest overall cuts in pay, a Glocap survey shows.
Wealth Managers Fail To Live Up To Investors' Technology Needs
They should get some tips from Apple, Google and Amazon, according to a new report.
Pipeline’s Misuse of Client Information
As a journalist who wrote about Pipeline many times over the past 7 years, I can’t believe the firm would deceive its clients about how and where it was executing trades.
On the Pipeline Fiasco and Our Addiction to Anonymity
An industry that has lost a good deal of the public's trust now has yet one more reason not to trust its own.
Who’s Afraid of Volatility?
Todd Hurlbut of Everett Capital Management uses algorithms and dark pools to cope with volatility in equities and alternative asset classes. Find out what this buy side trader thinks of HFT.
The High-Speed Chase for Liquidity
Options exchanges are going after market share by upgrading their trading platforms and moving to third-party data centers -- all in the name of lower latency.
High-Frequency Trading to Blame for Market Volatility?
As the markets continue their wild gyrations, regulators continue to struggle with high-frequency trading's role in the volatility and with how to stabilize the markets.
When Quants Open Up
A portion of the blame for the market's current volatility and the great divide of wealth in this nation can be laid at the feet of algorithmic trading.
The Quant Mystique
Why is the mystique of software code more important than the surety of security?
Where Is Your Rogue Trader Hiding?
The information and technology silos inside your firm are the perfect hiding spot for a trader about to go rogue.
JP Morgan Gets a Global Electronic Refresh
JP Morgan revamped its algorithms, aggregated internal liquidty and hired quants on a global scale to win the buy side's electronic trading business.
Q&A with Quant Expert Paul Wilmott: The Fundamental Flaw of Nearly All Risk Models
Quant expert Paul Wilmott tells Advanced Trading that Wall Street's risk models share a fundamental flaw, and that traders are all too happy to ignore their true risk exposure in search of profits.
Everett Capital's Todd Hurlbut: Detecting Patterns in Alternative Assets
Relying on algorithmic trading and dark pools, Todd Hurlbut of Everett Capital Management executes cash equities trades while trading futures across multiple asset classes. But what does this low-latency trader think about high frequency liquidity?
Meet Advanced Trading's Gold Book 2011 Honorees
This year's Gold Book honorees prove that even smaller players can excel in the fast lane.
Equinix's IBX Cloud Marketplace Launches Today
Equinix sets up online community for companies to search for partners ranging from network connectivity to private clouds to alternative trading systems.
Apple's iPad Market Share Takes A Serious, Surprising, Tumble
Apple's iPad market share tumbled from 96% to 67% in the third quarter.
Proposed Taxes on High-Frequency Trading Won't Become Law
High-frequency trading has become quite the punching bag for overseas governing bodies in recent months, but for the time being it appears that those who rely on it may escape being taxed for it.
Olympian Capital Hires Arun Kaul as CIO
Hedge fund manager looks to expand its business into macro-global multi-strategies for private clients.
Financial Institution Selects SunGard’s Adaptiv Riskbox
The announcement follows demands by industry participants and regulators for stronger measures to manage counterparty credit risk.
Bankers Fear For Their Lives. Maybe.
Protesters may still be unclear about the details of their agenda, but they are not happy. And now they want to put a face on it.
BATS' Acquisition of Chi-X Europe Clears UK Regulator
The UK Competition Commission provisionally concluded that customers have the power to prevent the merged company from raising trading fees or worseing service.
The Rush to Alternative Investments
Extreme volatility and macroeconomic uncertainty are driving the buy side into alternative investments. But firms are using options to boost returns, not just hedge positions.
AlgoSpan Speeds Up London to Frankfurt-Stockholm Trade Routes
The network upgrade serves high frequency/low latency traders with strategies in London going direct to Nasdaq OMX in Stockholm and Xetra/Eurex in Equinix's Frankfurt data center.
To Boost Cloud Usage, NYSE Technologies Launches Advisory Service
The service will help market participants discern the functional, economic and security benefits of moving to a cloud environment.
Hedge Funds Wake Up to Transparency
The veil of secrecy has caused a problem for hedge funds and led to Dodd Frank, says an AT Summit panelist.
Swap Dealers Expect Smaller Profits Under Dodd-Frank
The Dodd-Frank bill is likely to boost the amount of liquidity floating throughout the swaps market, but most dealers believe profits will be hard to come by in the new landscape, research by Tabb Group contends.
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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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