Content posted in June 2004
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Boston Stock Exchange Launches Fast-Market Execution Product
The Boston Stock Exchange has launched an automated-trading product to give the trading community instant access to BSE liquidity.
Hardware & Software
The standard covers section 404 of the Sarbanes-Oxley Act, which requires companies and auditors to attest to the effectiveness of internal control over financial reporting.
RISK-MANAGEMENT TECHNOLOGY NEWSFLASHES
Mizuho Securities Deploys Algo Collateral for OTC Derivatives; PRMIA Names Le Cann as Regional Co-Director of New York Chapter.
ELECTRONIC TRADING NEWSFLASHES
Yamner & Co. Deploys CameronFIX engine; Eurex U.S. Boosts Incentives for U.S. Treasury Futures Trading; ADP Brokerage Services Group to Acquire U.S. Clearing and BrokerServices Divisions of Bank of America Corporation.
Providing Service in an Increasingly Electronic World
In early May, the NYSE announced that its program trading volume had broken the 52 percent level.
https://www.informationweek.com/whitepaper/Personal-Tech/TVs-Home-Theater/the-friday-itch-season-1-episode-6wp1213674635664
FPL Taps Houstoun to Co-chair GTC; NYSE Hires Merrill To Catch Violators; Citigroup Promotes Rosengarten; Keeping Tabs
Product Watch
Legato Preps Firms for Subpoenas; Enigmatec Manages Infrastructure; Fidelity Offers Corp. Actions ASP; BT Syntegra Opens Trading Floor; Linedata's Holistic View; ZipLip Gets Proactive
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A Conversation With Robert Gartland Managing Director, Morgan Stanley
CIO Challenge: Maintenance Costs
On average, IT maintenance eats up more than $6 out of every $10 in the IT budget.
Taking AML to the Next Level
Investment-management firms are beginning to leverage AML technology for more than anti-money laundering.
Learning to Like Compliance
Speakers at InformationWeek Media Network's compliance forum are achieving compliance without disrupting their businesses.
Lehman Moves In With AIGT
The investment bank outsources its mainframe operations and rents space for its distributed environment from the service provider.
Separate but Equal?
The complexity of separately managed accounts presents technology challenges, but their integration into investment offerings is inevitable.
How Low Can You Go?
Reg NMS' proposed formula for allocating market-data revenues among exchanges isn't getting a warm welcome on the Street.
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Broker-dealers are making their algorithmic-trading strategies accessible to the buy side via partnerships with order-management systems.
What’s So Great About Grid?
You wouldn't allow your employees to remain idle 70 percent of the time. And you shouldn't stand for it with your lazy computers, either.
Is VoIP Ready for the Mass Market?
Financial executives say yes.
Spending Stats
At a recent TowerGroup conference in Boston, Rob Hegarty, vice president of TowerGroup's securities and investments practice, revealed updated spending forecasts.
Career Profile: VP Of Development/salesforce.com
Buy-side order-management systems are being impacted by demand for electronic trading, continuous compliance and new requirements to handle complex derivative instruments
Dear CIO...
Question: "Are cost controls passe now that firms are making money again?"
Algo-Trading Meets Direct Access
As buy-side firms take more control over executing orders, there is an increasing interest in algorithmic-trading strategies combined with direct-access trading platforms.
Information Nation
Do you want to know the keys to information management compliance?
The Trust Factor
We're at a point where we trust the technology and we trust the operations, but we don't trust the human beings and the corporations they work for.
Toward Innovation
There was a certain buzz on the floor of the SIA show - a different kind of buzz.
Thomson and Capco Partner on Research Authoring Platform; Bloomberg Joins RIXML.org; Merrill Lynch Signs Exclusive Deal to Distribute Delayed Research via Thomson
Risk Newsflashes
Victus Capital Chooses Panorama for Trading and Risk Management; RiskMetrics Group Receives $122 million From Private-Equity Investors
Risk Management
Southeastern Asset Management Selects LatentZero; TradingScreen Connects Tenth Client to CSFB's AES for Algorithmic Trading; E-Crossnet Launches FIX-Routing Hub and Interface for Non-FIX Clients; Colvin to Exit Track ECN
ABN AMRO Installs Apama Platform for Algo Trading
With program-trading volumes rising, ABN AMRO is investing in tools to build automated-trading strategies that can search for events in market-data feeds.
STP’s New Driver: Compliance
Once a darling of the industry that brought people to conferences in droves, STP is back, according to some. But this time, compliance is driving STP efforts, STP itself.
The Need for Speed: Market Data Vendors Ramp Up Offerings
In today's electronic-trading environment, firms are in need of data that can be acted upon quickly and even fed into algorithms and analytical decision engines for fast, accurate responses.
Back to Basics: Reliability, Integrity and Customer Focus
In this bull market of new regulations, SIA President Marc Lackritz suggests focusing on the values of technology.
Trading Vendors Tout Speed and Integration for Fragmented Markets
With the trend toward electronic-equities trading and customers coping with fragmented liquidity pools, technology vendors are emphasizing the speed of market data updates and workstations that integrate news, market data, indications of interest and execution venues.
Can Innovation and Compliance Be Balanced?
As budget spigots open, it is imperative that compliance technology remains a top priority if the current cycle of regulation is to stop.
FROM THE SIA SHOW: Proactive Surveillance of E-mail Content
With the regulatory crackdown on e-mail retention and retrieval, brokerage firms are scrutinizing broker-to-customer communications for words that make promises or guarantees.
FROM THE SIA SHOW: Measuring Transaction Costs Before the Algorithm Trades
Today, Spear, Leeds & Kellogg (SLK, booth #3000) will demo pre-trade transaction-cost analysis (TCA) as part of its REDIPlus Release 4.2, a new version of SLK's direct-access trading platform with algorithmic trading strategies from Goldman Sachs.
FROM THE SIA SHOW: Legato Preps Firms for Subpoenas
Legato Software (booth #3512) is building a line of business around the capability of responding to one of New York State Attorney General Eliot Spitzer's subpoenas -- specifically, responding to large-but-specific requests from investigators for company e-mails.
FROM THE SIA SHOW: IT Spending Rises to $71.5 billion for Global Securities Industry
After three-and-a-half grim years of spending cuts, the global securities industry is expected to spend $71.5 billion on information technology (IT) in 2004, according to new research from TowerGroup.
FROM THE SIA SHOW: HyperFeed Focuses
HyperFeed Technologies (booth #1427) is going through a metamorphosis, and the company is eager to show the financial-services industry its new look at this year's Security Industry Association Technology Management Conference and Exhibit.
FROM THE SIA SHOW: Fidelity to Make Corporate Actions Tools Available on an ASP Basis
Fidelity ActionsXchange (booth #1726) is helping the financial-services industry cope with one of its most stubborn problems -- corporate actions.
FROM THE SIA SHOW: FaceTime Targets
FaceTime Communications (booth #1620) is looking to cash in on the convergence of two factors -- an explosion in the use of instant messaging at financial institutions and regulations that require those communications be audited and archived.
FROM THE SIA SHOW: Enigmatec Launches Infrastructure Management Tool
Engimatec (booth #4124), a provider of grid-computing technology for the financial-services industry, has released a new product to help users manage complex infrastructures more efficiently and reduce costs.
FROM THE SIA SHOW: BT Syntegra Opens Up the Trading Floor With Its ITS Hotlink
Addressing the frustration expressed by many trading system users, BT Syntegra (booths #3106, 3107) has teamed with Cisco Systems to offer a solution.
FROM THE SIA SHOW: Fidelity Frees Up Brokers With ’Broker To Go’ Wireless Wealth Management Solution
Targeting the adviser on the go, Fidelity Information Systems has launched the Sanchez Broker To Go solution for wireless wealth management.
FROM THE SIA SHOW: BCP Focus at SIA
The financial-services industry has come a long way in preparing for a disaster in the nearly three years since 9/11, when business-continuity planning (BCP) was quickly thrust to the top of financial institutions' priority lists.
A Letter From the SIA
This year's program reflects the expanded role of the information technology professional in the securities industry.
FROM THE SIA SHOW: Security Gets the Spotlight at SIA
Whether it's the Sasser worm or a hacker, security breaches are serious business in the financial-services industry.
FROM THE SIA SHOW: Best Execution and Compliance Tools Drive Buy-Side OMS Suppliers
Buy-side order-management systems (OMSs) are being impacted by demand for electronic trading, continuous compliance and new requirements to handle complex derivative instruments, say vendors exhibiting at the SIA Show.
FROM THE SIA SHOW: Algo-Trading Meets Direct Access
Platforms that combine automated portfolio trading with direct-market access help buy-side traders take control.
The Bad Side of Good News
The economy is humming, corporate profits are up, brokers' earnings are up and firms are increasing their technology spend - fantastic! But, where does that leave the industry's IT cost control and management accomplishments of the past four years?
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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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