Content posted in May 2006
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Feds Lead The XBRL Charge
Regulators are pushing banks and financial services firms to use the XBRL standard to report financial data. Public companies are next.
Rising Technology Stakes
As rumors fly over potential takeover targets, there's no doubt that the global exchange scene is ripe for consolidation.
Day Trading and Russian Roulette
A few weeks ago my phone rang and a guy in his 40s asked me to help him with his trading.
Who’s Looking Out for Your Block Trading Interests?
With money management firms growing rapidly in size over the past 10 years, being able to trade large blocks of stock without any information leakage to the market is becoming a major issue.
The Great Order Flow Debate
Buy-side traders are adopting more-sophisticated tools to measure execution quality and rank their brokers. The question remains: Do the top-ranked brokers receive the most order flow, or does the relationship reign supreme?
Trading Newsflashes: Currenex Applies for Patent on Liquidity Matching Engine
NYFIX Appoints CTO, Currenex Applies for Patent on Liquidity Matching Engine, Major Banks Sign On to Reuters for FX Trading, ITG Solutions Group Taps Roberts as European Head of Macgregor, Apama Adds Dashboard for Real-time Visualization
Market-Data Revenue: Icing on a Broker’s Cake
Despite potential revenue gain, market-data revenue is not reason enough for brokers to buy or launch ECNs.
Operations Newsflashes: Cantor Fitzgerald Europe Automates Corporate Actions Processing, and more
Cantor Fitzgerald Europe Automates Corporate Actions Processing, IONA and Wipro Technologies Partner for SOA, T-Zero Partners With Calypso Technology
Investment Management Newsflashes: VanthedgePoint Bolsters Hedge Fund Services, and more
VanthedgePoint Bolsters Hedge Fund Services, Lava Trading Selects GAIN for Reference Data Management, CSC Licenses Wealth Management Software to Three Insurers
SEC Enforces USA PATRIOT Act for First Time, and more
SEC Sanctions Firm Under USA PATRIOT Act, NASD Goes Digital With Compliance Podcasts, Abound Resources to Offer RiskWatch to Community Institutions, AudioTel Goes With Bharosa to Supply Strong Authentication
What Can Batman Teach the Buy-Side Trader?
Buy siders need to utilize new algorithmic trading tools to contend with ongoing pressures, but there are a few roadblocks to clear first.
Algorithms and Clearing Wrapped Up in One
Combining algorithm aggregation with central clearing can cut costs, but do these new hubs have staying power?
United They Stand?
The idea of the portfolio manager replacing the trader may be far-fetched, but their roles are becoming more integrated than ever before.
OES Hires Options Veteran
Order Execution Services Holdings (OES) has hired Corey Zimmerman as managing director, options and derivatives, to lead the firm into the options agency-execution business.
RedSky Hires Former Nasdaq Exec
In a move to take its direct-market-access business to the next level, RedSky Financial, a Chicago-based broker-dealer specializing in multi-asset trading, hired Robert Fitzsimmons as CEO.
ATD Moves Into Options Market Making
Mt. Pleasant, S.C.-based Automated Trading Desk, (ATD) a company specializing in automated trading and customized equity execution, has hired Tim Brennan as executive vice president of equity options to build an automated options market-making system for ATD.
Trading Up
Cantor Fitzgerald has hired Bill Adams as senior vice president and municipal bond trader in the firm's debt capital markets group, and more
Flatley Joins Deutsche Bank
At press time, Rob Flatley joined Deutsche Bank as managing director and head of global electronic execution for equities.
Sell Side Fails to Meet Fund Managers’ Needs
A recent report by APR Smartlogik asserts that U.K. fund managers are increasingly dissatisfied with information supplied by sell-side research analysts.
Placing Smart Bets on FX
Late April saw quite a stir in the foreign exchange waters, with some big-name players making moves into the FX space and rocking the boat.
Quick Releases
Lava Trading, a subsidiary of Citigroup, will introduce an interbank foreign exchange trading platform; BNY Brokerage has formed a new unit to provide the hedge fund community with electronic trading tools, commission management services and independent research.
Bley Enters Algo Frey Via EdgeTrade
Bley Investment Group, a Fort Worth, Texas-based broker-dealer, has signed on to use EdgeTrade's Quantitative Service Bureau (QSB).
ITG, Merrill Launch Crossing Service
Investment Technology Group (ITG) and Merrill Lynch have joined forces to create Block Alert, a global block order crossing service.
Interactive Brokers Names Top Student Traders
Interactive Brokers Group (IBG) named University of Texas graduate student Patrick Christmas the winner of its first annual electronic trading Olympiad.
Calling All Buy-Side Elite
As I write this column, I'm going through my source lists, pulling together the best and the brightest names in the industry to invite to speak at our first-ever Buy-Side Trading Summit.
ISO: Going Beyond Manufacturing
Information security standard provides a new option for financial institutions' security troubles.
Trading Newsflashes: Calyon Financial Picks Integral for FX Trading, and more
Calyon Financial Picks Integral for FX Trading,
Belzberg Partners With LavaFX, Reuters Taps Vhayu for Tick Capture Engine in Asia, AXES Appoints Gaffney as President
Operations Newsflashes: Bank of New York Realigns Global Management Strategy, and more
Bank of New York Realigns Global Management Strategy, HSBC Improves Lending Decisions, Xcitek Expands Reach to Germany, Camulos Capital Gravitates to Business Continuity Plan
Compliance Newsflashes: Cisco Invests in Guardium, and more
Guardium Secures Funding From Cisco, PFPC Develops Web Solution for 22c-2, ICICI Bank of India Using Fingerprint Technology
Investment Management Newsflashes: Securian Financial Services Taps Albridge Wealth Reporting, and more
Securian Financial Services Taps Albridge Wealth Reporting, COESfx Partners With Crosscurrents, NBCN and StraightThrough Launch Hedge Funds Portal
Banhidi Switches Gears
Equities veteran Andrew Banhidi will apply his trading experience to a new asset class since joining online foreign exchange trading platform FXall as CTO.
StreamBase Upgrades Engine
StreamBase Systems (Boston) released StreamBase 3.0, an upgrade to its stream processing engine.
Dipping Into Dark Pools of Liquidity
As private crossing networks and related nonquoting sources of liquidity, known as "dark books," vie for market share among block traders, they are creating a highly fragmented market for block trading, according to a new report from TABB Group.
Project and Portfolio Management
The Challenge: As IT budgets have soared, firms have increased efforts to wring business value out of IT. Project and portfolio management software can help strengthen IT governance, better aligning tech initiatives with business goals and improving resour
Money, Power And Principle
A lawsuit against Morgan Stanley provides a rare look into high-stakes IT deals and begs the question: Are you crossing the line?
Getting Crafty With VOIP
Concerns about call quality, security, and infrastructure construction and management have kept some financial services organizations from investigating VOIP. But as the technology matures, that may be changing.
The Virtual Trader
In the event of a disruption, organizations can get traders back to work quickly by using infrastructure such as dedicated alternative trading facilities or by having a distributed architecture that enables traders to move among operational sites in a "hot desk" fashion.
Strolling With My Alpha
Alpha? Beta? Have the Greeks invaded Wall Street and no one told me? Nah, not the Greeks, more like the quants.
Derivative Confirms for Buy Side
Interwoven (Sunnyvale, Calif.) launched Scrittura BuySide, a new solution for buy-side firms that automates the incoming confirmations process for over-the-counter derivatives.
Flow-Based Anomaly Detection
Westford, Mass.-based NetScout Systems released nGenius Analytics, an application flow-based anomaly detection system for automated network and application performance management.
Goldman Exec Joins OptionsXpress
Pat Schuler, the former Goldman Sachs vice president and global head of regional enterprise technology, has joined online options brokerage optionsXpress Holdings as CTO.
Capitol Wealth Advisors Taps Paventi
David Paventi has joined Capitol Wealth Advisors -- a new wealth management subsidiary of Capitol Bancorp -- as COO.
Banks Take Their Places on the Grid
As computing demands increase, more and more investment banks are jumping on the grid bandwagon. And as it matures, they're finding more and more uses for the technology.
Merrill Lynch Drives Efficiency Through Grid Computing
To drive greater efficiency, higher utilization and more flexibility in providing the tools and infrastructure the business needs to remain competitive, Merrill Lynch's business, development and infrastructure teams are collaborating on an enterprisewide grid computing project.
The Best of Both Worlds
Mutual funds with hedge fund characteristics, such as offerings from Rydex Investments, are giving customers more choices.
An Industry in Denial
Industry participants believe the costs of Reg NMS will be someone else's problem, but investors surely will pay.
Communication Overload
The ever-growing demand for rich, timely market data -- in conjunction with the speed and ease of modern communications, including e-mail and instant messaging -- has created a situation in which buy-side fund managers are being inundated with information, according to a recent study from APR Smartlogik called "The Relevance Rift."
I Want My BPO
If the audience survey of executives conducted by Capgemini and IDC at the IDC Outsourcing Forum East in March is any indication, people love business process outsourcing (BPO).
Ask the Expert: Careers
The reward and recognition for IT managers is better, in many cases, by orders of magnitude than for their predecessors.
For Good Measure
New research commissioned by global management consulting firm Accenture indicates that many firms lack reliable metrics for verifying and qualifying the accuracy of their data.
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