Content posted in November 2004
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What's the Value of Data?
Selling data these days is like selling ice to the Eskimos.
People & Careers
Witney to Head IT at Barclays Capital; SunGard Names Cinquina SVP; Morris Joins Penson From Pershing
Innovative Technologies & Services
IBM Boosts Storage Flexibility; Schwab Targets Advisers; Obian Taps COSO Framework
PPM: A Master Plan for Agility
Imagine you are the CIO of a financial-services company that is merging with a competitor. After some investigation, you uncover an inventory of thousands of homegrown applications.
CIO Challenge
As hedge funds soar, winning their order flow has become more vital than ever. To compete for that business, brokers and other providers need to offer hedge fund managers wider access to markets and trading products, and break down silos to improve integration.
Riga to Manila to Mumbai
More firms are considering offshore outsourcing than ever before - and their choices are growing by the minute.
Eurex and CCorp Forge Link
Derivatives exchange and Clearing Corp. tout transatlantic clearing link as they await regulatory approval of phase two of the project.
Want an Algorithm With That?
Major brokerage houses are franchising their algorithmic trading strategies to smaller firms that are feeling pressure to offer the service.
Preparing for Real Time
As municipal dealers attempt to meet MSRB's December deadline, Lehman Brothers offers a model solution.
A.G. Edwards’ Grand Plan
Deal with Thomson could raise costs in the short term, but it's all part of a long-term technology plan to simplify its infrastructure.
The Perfect Partner
Technology strategies play a key role in selecting independent investment advice providers for 401(k) managed-accounts programs.
Software’s Next Step
Services-oriented architectures are being embraced by business-technology specialists charged with creating more efficient IT infrastructures.
Learning How to Share
Banc of America Securities (BAS) has made major cost-cutting strides by creating a central hub to aggregate and validate reference data so a single source can feed front-, middle- and back-office applications.
Dear CIO...
Question: With so many new technologies, how do you weigh the decision between being an early adopter, which may provide a competitive advantage, against waiting for someone else to work out the bugs?
Trends & Highlights
Insourcing Isn't In; Not All Risks Are Created Equal; COSO Tackles ERM; JPMorgan Ramps Up Analytic Team
Long Live Long Term
In the long term, we're all dead. John Maynard Keynes' warning may have been directed at overly theoretical economists, but his words hardly offer a pep talk for thinking beyond the next fiscal quarter.
Trading Briefs
FIX Certification Vendors Prepare to Launch Service; MarketAxess Installs Cameron's FIX Engine; Nasdaq Names Brut's O'Brien to Market Data Position
SunTrust Banks May Not Make Sarbanes-Oxley Deadline
Problems with how loan-loss reserves are calculated are unlikely to be corrected by Dec. 31.
VoIP Can Save You Up To $28,000 Per Site
A recent survey finds that ShoreTel and Nortel offer the lowest start-up costs, while Avaya and Cisco prices are highest.
Alliance Leverages Confluence FundStation to Lessen Impact of SEC Hedge Fund Rule
In a 3-to-2 vote on Oct. 26, the SEC adopted Rule 203 (b)(3)-2 and related amendments requiring hedge fund managers to register as investment advisers under the Investment Advisers Act of 1940. Although managers have until Feb. 1, 2006, to comply with the rule, firms like New York-based Alliance Capital Management (ACM) are already looking to leverage existing technology to help lessen the impact of the new regulation.
Investment Management Newsflashes
Northern Trust Deploys FMC's Global FIA Model; JP Morgan Investor Services Goes Live on HiPortfolio/3; InvestEdge Partners With Access Data; CheckFree APL Becomes CheckFree EPL, a Web-based Offering
Compliance Newsflashes
SIA Hosts Anti-Money Laundering Compliance Conference; J.M. Forbes Goes Live With INDATA for Modeling, Compliance and TOM; Factor 3 Releases Business Activity Monitoring Platform
NYSE Gets Detailed About Hybrid Market
The NYSE's latest SEC filing offers specific examples of how its proposed hybrid market would work.
Perspective: Time for Brokers, Investors and Regulators to Align
The SEC has the brokerage industry in its crosshairs again. Can't we go a week without another inquiry, scandal or front-page disaster?
Trading Newsflashes
Shanghai Stock Exchange Taps Accenture to Implement Electronic Trading System From Deutsche Borse; Morgan Stanley Deploys Patsystems for Derivatives Trading; BrokerageAmerica Taps Radianz for Trade Execution Services; Swapstream Adds Futures Crossing via Eurex Link
AssetMark Partners With New Frontier Advisors; Merrill Lynch Launches Customized Investment Management Service for Concentrated Stock Positions; PFPC Offers Health Savings Account Services; TradingScreen Targets Asset Managers With TradeSmart Upgrade
Compliance Newsflash
PwC Survey Says Senior Execs' Data Management Strategies Not Measuring Up Despite Regulatory Requirements
Automating The Trade Process
Two years ago, discussions about shorter settlement cycles dominated the front-page headlines. Fast forward to the end of 2004 and here they are all over again. Is this renewed focus on T+1 proof that time really does equal risk?
InterSystems' Cache provides high-speed data persistence for Algorithmic and Program trading solutions
According to the New York Stock Exchange, program trading encompasses a wide range of portfolio-trading strategies involving the purchase or sale of a basket of at least 15 stocks with a total value of $1 million or more.
The Charles River Investment Management System Automates the Trading Process: Focus on Portfolio Management
Automation is crucial to a portfolio manager's decision making process because it allows the manager to focus on the value-added components of their responsibilities.
Indian Software Industry Relieved at Bush’s Re-election
India's software industry expressed relief over the re-election of President George W. Bush, saying it lessened the likelihood of U.S. restrictions on the outsourcing of U.S. technology projects to India.
MSRB Readies for Real-Time Switch
While most firms move ahead, a handful aren't signed up to certify systems.
COMPLIANCE NEWSFLASHES
SEC Approves New CEO Compliance Certification and CCO Designation Requirements; Tabb Group Predicts SEC Will Take More Proactive Approach Toward Business Continuity
INVESTMENT MANAGEMENT NEWSFLASHES
SAGEN Asset Management Selects Imagineer FundInsight for Due Diligence Platform; New Frontier Advisors Upgrades NFA Desktop Suite
OPERATIONS NEWSFLASHES
European Bond Dealers Form Association to Discuss Trading Operations; Three European Banks Sign Up for Money Markets Reference Data Service; ADP Finalizes Acquisition of U.S. Clearing and BrokerDealer Services
TRADING NEWSFLASHES
Wombat's New Feed Handler for Telekurs MDFstream Carries Direct-feeds and Reference Data; Trillium Trading Releases New Black Box Protocol With Direct-Access Futures Trading; UBS Partners With Linedata to Deliver ASP-Based Order Execution Service to Hedge Fund Market; Macgregor Touts New XIP 7s Order Management Network
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