Content posted in September 2001
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Thanks to Disaster Plans, Banks Report Little Damage from WTC Attack
But heavy damage to telecommunications infrastructure in lower Manhattan disrupts trading activity.
Banks Need To Upgrade OFAC Procedures in Wake of Attacks
Although U.S. Treasury Office provides list of those with terrorist ties, smaller banks may have difficulty implementing the systems to use it.
Can Government Learn a Risk Management Lesson from Banks?
Use of fraud detection technologies in financial services could serve as model for alerting government agencies to potential terrorist activity, experts say.
ELECTRONIC TRADING BRIEFS
Morgan Stanley Dean Witter pulls plug on 40% stake in Jiway.
MARKET DATA BRIEFS
TD Waterhouse Canada launches free online Markets and Research site for clients to access proprietary research from TD Securities and TD Newscrest.
RISK MANAGEMENT TECHNOLOGY BRIEFS
First Derivatives partners with trading systems provider FNX to create Java-based interest rate derivatives blotter.
INVESTMENT MANAGEMENT TECHNOLOGY BRIEFS
Macgregor and FIX network services announce three recent appointments to its management team.
OPERATIONS BRIEFS
In a move to provide secure, guaranteed connectivity for financial services organizations, Capco and Slam Dunk Networks, Inc., are announcing a strategic partnership.
eGain Donates E-Mail Management Services
Offers complimentary email management services for public and
non-profit agencies engaged in disaster relief.
Wireless Securities Trading in Europe - The Future is...Yesterday
Europe trails United States by two years in new technology uptake in the marketplace.
Does the Financial Services Industry Really Understand the Impact of GSTP and T+1?
Everyone knows what T+1 is from a conceptual standpoint, but does the industry know how different segments of the market will be impacted by the revenue implications of T+1? CSC takes a look at the winners and losers in the equation.
IntraLinks Offer Workspaces
Digital workspaces can enable communication and collaboration, company says.
Interflow Assembles Crisis Management Team
Consultant says team can assist in evaluations, repairs, upgrades.
eSpeed Names Senior Managers and Board Members
Cantor Fitzgerald unit names president in wake of tragedy.
Spectra Providing Office Space
Company says it has apartment, boardrooms, systems available.
SS&C Offers Disaster Assistance
Company offers services, facilities.
TowerGroup: Cost of Disaster for Securities Firms Could Be $3.2 Billion
$1.7b will be spent on hardware, report says, with $1.5b spent on software and services.
SEC Advisory Committee Recommends Greater Competition in Market Data Industry
: Report recommends that price transparency and consolidated market information should continue as core elements of the U.S. securities markets.
Analysts Reassured by Resilience of Financial Services' IT
Despite the devastating loss of life in the September 11 attack on America, technology helped the financial services industry weather the storm intact.
ELECTRONIC TRADING BRIEFS
Bear Stearns to donate at least $10 million to charities benefiting the victims and families of the WTC tragedy; Interactive Brokers Group LLC to donate $1 million to the September 11 Fund, a disaster relief fund established by the United Way of America and the New York Community Trust.
RISK MANAGEMENT BRIEFS
Kamakura completes 130-page research report entitled, "An Introduction to Kamakura Credit Risk Modeling;" Krishna Biltoo appointed new head of product development at London-based CreditTrade.
MARKET DATA BRIEFS
Reuters issues update on U.S. operations following last week's events at the World Trade Center; Xpresstrade launches a new tool for self-directed retail futures traders; Imperial Technology releases MegaTrade Program to provide existing MegaRam customer with a cost-saving upgrade path to more current models.
INVESTMENT BRIEFS
SEI Investments re-contracts with Oak Associates, Ltd. to provide full-service accounting, administration, and distribution to Oak Associates' family of five no-load mutual funds; CheckFree Investment Services says Allegiance Capital, Inc., going live with CheckFree APL WRAP.
OPERATIONS BRIEFS
TWIST announces it has published the second version of an open standard interface at www.twiststandards.org; SunGard eProcess Intelligence announces release of version 7.0 of intelliMATCH automated matching and reconciliation solution; JPMorgan says Prudential Staff Pension Scheme appoints JPMorgan Investor Services Europe, Middle East and Africa (EMEA) as its global custodian.
GFInet Provides Status Report
Office reopens, staff safe.
Update from Frost & Sullivan
Company reports staff is safe, office destroyed, provides new contact information.
PFPC NAMES JAMES F. CARTY TO RETIREMENT SERVICES TEAM
James Carty is named systems managing director and vice president in retirement services.
SIAC Restructures
The SIAC, NYSE and AMEX are making changes and promotions to strengthen development and operational capabilities.
Decimalization: ECNs Grab Additional Market Share and Depth of Liquidity
ECNs have proven that innovation can overcome even the most challenging regulatory hurdles to give investors the transparent market of stocks all investors petition for, says MidnightTrader's Brooks McFeely. Decimalization is just one regulatory step closer to a level playing field for both the retail investor and the ECNs.
ECN Names New CTO
Archipelago names Steven Rubinow chief technology officer.
NqLX: Langley Out Fitsimmons In
Warren Langley resigns as chief executive officer of Nasdaq Liffe Markets.
New & Improved: B2B Institutional Investment Site Adds New Funds
InvestorForce creates funds geared to small- and mid-sized investors.
New & Improved: Ilumen Helps Montgomery Get Personal
Inlumen integrates suite of personalization and U.S. equity information services.
New & Improved: IPS-Sendero Forms Alliance with Kamakura
IPS-Sendero and Kamakura are forming an alliance to enhance international software.
New & Improved: Broker Workstation Analyzes Clients' Needs
SunGard rolls out PowerStation.
New & Improved: E*Trade Denmark Teams Up with eBridge to offer Power E*Trade
E*Trade Denmark and eBridge offer investing tools and technology.
New & Improved: BRE Implements OTC Pricing Module
BRE Bank licenses and implements OTC pricing module from DerivaTech.
New & Improved: Interactive Brokers Creates Link to PCX and PHLX
Brokers build an electronic interface that links to the PCX and the PHLX.
TesCom Offers Services in Wake of Tragedy
QA and testing services company offers services at reduced rates to companies affected.
New & Improved: SunGard Corbel Develops Custom Version of Document Software for Scudder
SunGard Corbel is developing a custom version of its Relius Documents Internet software.
New & Improved: Access beefs up enrollment system
Access360 has released enRole 4.0.
ELECTRONIC INK MAKES OFFICE SPACE AVAILABLE
Downtown Philadelphia technology firm offers space, equipment, high-speed connectivity to companies displaced in wake of destruction.
New & Improved: BRUT's Busy
BRUT beefs up its electronic order execution services.
New & Improved: Gain Capital Releases Version 4.O
Gain Capital, version 4.0 of the Gain platform is released.
New & Improved: S&P Rolls Out RatingsXpress
Standard & Poor's launches its new RatingsXpress Credit Research.
Weighing options: Build vs. Buy: A Fresh Look & Other 'Gotchas'
Firms should buy off-the-shelf software because "building custom applications is too risky, costly and time consuming."
Weighing options: Build vs. Buy: A Fresh Look & Other 'Gotchas'
Firms should buy off-the-shelf software because "building custom applications is too risky, costly and time consuming."
The Challenge:
Software is helping IT administrators manage tech resources.
NYSE Revs up Wireless Options
New York Stock Exchange is picking up speed becoming a T+1 centerpiece.
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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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