Content posted in May 2005
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Harris Nesbitt Cuts the Risk in CRM
Despite the dismal track record with implementing enterprise CRM packages on Wall Street, Harris Nesbitt found a start-up with roots in the institutional equity business.
Operations Newsflashes: Banc of America Securities Picks SunGard for Reference Data Managed Service, and more
Banc of America Securities Picks SunGard for Reference Data Managed Service, Xcitek Appoints Gyngell to Manage European Accounts for XSP
Electronic Trading Newsflashes: Reuters to License Telerate TRS to HyperFeed, and more
Reuters to License Telerate TRS to HyperFeed, UNX Provides Access to UBS Algorithms, WestLB Supplies Streaming Executable FX Rates to Bloomberg, SFTI B2B Will Route Order Flow to CBOE
No Touching: Algo Trading Leaps Forward
The way that institutional buy-side traders are managing their order flow is rapidly changing. Gone are the days when buy-side traders just delegated their order flow to their favorite broker.
People & Careers
Citadel's Hirschfeld Joins Asset Control; Hibschman Leaves BGI; Freddie Mac Pushes Operational Efficiency; Keeping Tabs
Innovative Technologies & Services
Monte Carlo Hits Top Speed; Customized Reporting Made Easy; Teaming Up for Data Auditing
The Promise of Enterprise VoIP
Financial institutions have long become accustomed to leveraging their data networks and resources across their entire corporate enterprise.
CIO Challenge- SOA
THE CHALLENGE: Legacy systems and inflexible architectures often prevent investment management firms from leveraging applications across the enterprise. To improve interoperability across the organization, many firms are turning to service-oriented architecture.
Operation Topoff
Industry trade associations ramp up BCP efforts through participation in the Department of Homeland Security's simulation attack exercise.
Data Managers: Ambassadors of Change
Data managers are earning new respect and their roles are evolving from back-office clerks to business-savvy, C-level executives.
Risky Business
Financial institutions of all sizes are getting a handle on operational risk to gear up for Basel II.
Slow and Steady
Although corporate actions automation has been talked about for years, most of the industry has yet to make progress toward achieving it.
Marrying Wireless and CRM
As the Blackberry becomes omnipresent on Wall Street, investment management firms are rushing to find compatible CRM products.
A Chip Off the Block
The NYSE's Hybrid model seeks to win back institutional trading volume from the electronic networks.
Dear CIO...
Do you think the New York Stock Exchange's planned merger with Archipelago is good for the industry?
Up Front: Trends & Highlights
FSIs Focus on Growth; Who's On Top; U.S. Ranks No. 1 in ID Theft Vulnerability
From Data Geek to Chic
Who knew the data manager would be so in vogue? Over the past few years, data managers have moved up from the basement - literally - and are heading toward the C-suite.
The New Toll Collectors
Cha-ching! Every time a buy-side firm sends an order to a broker or an alternative trading system (ATS), you almost can hear the sound of a cash register ringing.
So Much for Fragmentation
With the merger of Archipelago and the NYSE and the acquisition of Instinet (Inet) by Nasdaq, the over-crowded ECN field of five years ago suddenly looks smaller.
Is This the End of the Floor?
NYSE-Archipelago Merger: If the New York Stock Exchange and Archipelago merge, will the two entities remain separate or will the NYSE floor become a thing of the past?
Hedge Funds Warm To Trading Tools
Hedge funds are interested in tapping direct market access and algorithmic trading tools, but they're not sure how to select and use them.
https://www.informationweek.com/
At the first annual TradeTech conference in New York, buy- and sell-side traders gathered to discuss some of the most pressing issues in the marketplace, including creating a benchmark for algorithms, the NYSE's Hybrid market and the future of the buy- and sell-side relationship.
May the Best System Win
The New York Stock Exchange may be hedging its bet on electronic trading by seeking to acquire Archipelago's all-electronic platform. But, while Nasdaq intends to combine with INET, the NYSE must decide if it will merge its trading platforms.
Bear Upgrades Data Apps
Bear Stearns has deployed integrated data management technology from GemStone
BOX Moves Ticker to Linux
With minor disruptions and transparency to traders in mind, The Boston Stock Exchange migrates its ticker processing system to Linux.
Power Shift and the OMS
With links to electronic markets and broker algorithms, OMSs are a hub for buy-side traders. But are the trading apps trying to do too much?
Algorithmic Arms Race
With everyone from the postman to your next-door neighbor offering algorithms, what's a buy-side firm to do?
Special FX
Electronic foreign exchange platforms are growing in popularity. But which trading model will prevail?
Early Dawn
The NYSE is considering opening early to capture additional trading volume, and Archipelago may provide the venue.
Trading Up
Christian Hauff has joined Banc of America Securities in its Electronic Trading Services group.
... And Larkin Replaces Him
Andrew Larkin has left Morgan Stanley to rejoin his old team at Investment Technology Group.
Troise Leaves ITG for Lehman ...
Frank Troise joined Lehman Brothers as a managing director in charge of U.S. connectivity products.
Quick Releases
GL TRADE, based in Paris, will provide service bureau connectivity to the International Petroleum Exchange (IPE).
Looking to Recruit Traders?
Preparing college students for real life is a difficult challenge.
How Will the SEC Rule on Soft Dollars?
With a decision on the use of soft dollars imminent, the industry is pondering how the Securities and Exchange Commission will rule on the controversial issue.
CIBC Taps BofA Securities’ Algorithms
CIBC World Market's Global Electronic Trading Services (GETS) is rolling out access to algorithmic trading strategies to all of its buy-side clients, including quants, hedge funds and mutual funds.
A New Galax-C At the CME
Traders at the Chicago Mercantile Exchange have new power in the palm of their hands.
ISE Goes Public
In March, the International Securities Exchange (ISE) kicked off its widely anticipated initial public offering (IPO).
A Note From The Editor
Seth Merrin, Liquidnet's CEO, made two seemingly outrageous comments when speaking at an April trade show on trading technology.
Investment Management Newsflashes: Nationwide Retirement Solutions Signs On for MFACT, and more
Nationwide Retirement Solutions Signs on for MFACT, Sophis Adds New Data Service Module for Asset Managers and Hedge Funds
Compliance Newsflashes: SOX Compliance Best Practices Revealed in New Report, and more
SOX Compliance Best Practices Revealed in New Report, Yaletown Technology Group Releases Content Compliance Solution
Deutsche Bank's Ira Lehrman Moves to Merrill
Ira Lehrman joined Merrill Lynch as chief technology officer (CTO), global investment banking and client technology.
Block Trading Firm Harborside+ Closes Down
Harborside+, an anonymous matching system that competed for market share with Liquidnet, ceased operations last week.
Electronic Trading Newsflashes: MarketAxess Is Developing Electronic Platform for Credit Default Swaps Index Trading, and more
MarketAxess Is Developing Electronic Platform for Credit Default Swaps Index Trading, Reuters Connects With South Africa's Peresys for Cross-Border Equity Trading, Tabb Report Says Black-Box Trading Strains Market Data Infrastructure, Imagine Software Adds NYMEX and COMEX Real-Time Data to Derivatives.com
Operations Newsflashes: Bear Stearns Consolidates Derivatives Trading and Processing on Calypso, and more
Bear Stearns Consolidates Derivatives Trading and Processing on Calypso, Fimat Expands U.S. Equity Clearing via PreferredTrade Acquisition
Investment Management Newsflash: SunGard Launches MINT Trade Management for Investment Managers and Broker-Dealers
SunGard Launches MINT Trade Management for Investment Managers and Broker-Dealers
Compliance Newsflashes: Richard Fleischman & Associates Launches Messaging Compliance, Disaster Recovery Solution, and more
Richard Fleischman & Associates Launches Messaging Compliance, Disaster Recovery Solution, Survey Reveals IT Directors 'Don't Know' Cost and Impact of Messaging Technology, Reed Smith and DolphinSearch Partner on ComplianSeek for Investment Advisers
Amerex Waits For VoIP To Gain More Traction
Amerex isn't ready to migrate solely to a VoIP service from an outside provider. 'Once you've placed all your eggs in one basket, if that feed goes down, you lose everything,' CIO Trudeau says.
SIA Quietly Initiates VOIP Pilot; Goals Unclear
The SIA has launched a pilot with several major Wall Street firms to offer its stamp of approval on one or more VOIP networks.
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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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