Content posted in March 2011
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Embracing Dodd-Frank: Into the light
Perhaps if more bankers and traders embrace Dodd-Frank, we can enjoy a long, steady recovery.
Derivatives: OTC or Exchange-Traded -- Good, Bad or Indifferent?
By moving OTC derivatives to exchanges or SEFs, regulators are making it easier to trade these exotic instruments.
A Cold Shower for New Hedge Funds
Five years ago you couldn't walk down Wall Street without tripping over a new hedge fund. But thanks to new rules, traders aren't so quick to leave their cushy bank jobs and fly solo.
Banks Ditch Prop Trading to Court Regulators
Despite being given plenty of wiggle room by regulators to comply with the Volcker Rule, Wall Street's largest banks are wasting no time in shutting down their proprietary trading operations.
After Quake, Hedge Funds Go Long on Japanese Equities
Goldman Sachs employees may be trying to flee their Tokyo digs , but hedge funds apparently can't get enough of Japan right now.
Deltix Launches Hosted HFT Quant Trading Solution
The solution, hosted by Investment Technology Group, allows clients to create, backtest and deploy quant trading strategies with connectivity to global destinations.
Dimon Hates New Regs
The JP Morgan chief criticized the CFTC swaps crackdown and Dodd-Frank in no uncertain terms.
DTCC And SIFMA Release Report Identifying Opportunities To Mitigate Risks In Processing MMIs
DTCC and SIFMA formed the MMI Blue Sky Task Force in October 2009 to review the functioning of the MMI settlement system following the financial crisis.
Vivisimo Unveils Web 3.0 Customer Experience Optimization Platform
The CXO personal workspace platform capitalizes on information generated by groups of people, and in way that is indicative of Web 3.0, learns the context of a question about a specific person and pulls the relevant data out.
J.P. Morgan Executes and Clears CDS and IRS Trades Via Bloomberg Professional
The news reflects that Bloomberg's fixed income business is preparing to register as a swap execution facility with the CFTC and SEC.
BlockCross Hires Ex-Liquidnet Sales & Trading Executive
Patrick DeGroat joined BlockCross, a rival alternative trading system that Liquidnet had accused of patent infringement.
Reaching 100% STP - Why Not? Why Now?
Firms have grown too complacent and comfortable with the STP they have achieved and thus are not pursuing the greater goal of 100 percent STP across all asset classes.
Predictive Analytics Arms the Buy Side Against HFT
Buy-side traders can use streaming data on stocks to capture short-term alpha and avoid adverse selection, says Pipeline's Henri Waelbroeck.
Hedge Fund's Twitter-based Strategy Met With Skepticism
When U.K.-based hedge fund Derwent Capital Markets makes its highly anticipated debut later this spring, many on Wall Street will be watching its performance closely.
Goldman Gets Gangster with Tokyo Employees
Executives who parachuted in to give fearful employees a pep talk also conveyed a stern warning to its Tokyo staff, CNBC said. Don't leave Tokyo and don't leave Japan. If you do, don't expect to keep your job, CNBC reported, citing a person familiar with the matter.
Tibco Unveils Extreme Low-Latency Messaging Technology
Targeted at banks, hedge funds and exchanges, Tibco FTL claims to be 40 percent faster than competitors like Informatica, IBM and Solace.
Kenmar Group Selects GlobeOp For Managed Account Fund Administration, Risk, Managed Services
Kenmar's CLariTy Managed Account & Analytics Platform is comprised of 40 separately managed accounts.
BATS to Become Listings Venue, Challenging NYSE and Nasdaq
Files rules with SEC to launch a listings program in U.S. stocks, offering a competitive alternative to incumbent exchanges.
Can Rajaratnam Beat the Rap? Probably Not
Over at Business Insider there's a running debate on whether the billionaire can beat the rap. At least one of their editors thinks Rajaratnam's defense team is deftly picking apart witnesses and neutralizing the prosecution's evidence.
OTC Derivatives Coming Under Regulatory Scrutiny
After operating for years in the shadows, over-the-counter derivatives are coming under scrutiny from regulators. While some critics fear fragmented markets will dry up liquidity, others worry about the details of clearing. What's in it for the buy side?
Spread Networks Clocks Latency Under 14.75 Milliseconds
The telecom provider further reduced the latency on its Ethernet wave service between Chicago and all the market center execution points in New Jersey.
BT Announces New Managed Secure Messaging Services For Financial Services Community
The service is designed to meet the security requirements of banks, clearing houses and securities depositories as well as corporate treasurers.
Hedge Funds Beef Up Risk Management Even As Global Crisis Fades
Although the global financial crisis is fading into memory, at least on Wall Street, hedge funds are becoming even more resolute in the risk management procedures that many were putting into place even before the crash.
What Email? For Goldman Sachs, Voicemail Is Still Best
Lloyd Blankfein told jurors at the insider trading trial of Raj Rajaratnam, that he sometimes does not read his e-mail and prefers instead to listen to voice mail.
Citi Clears First U.S. Client Interest Rate Derivatives Trade on LCH.Clearnet
The move reflects Citi's commitment to a consolidated, global and platform-agnostic approach to central clearing.
Hedge Funds Bet on Asia Pacific
While the aftershocks of Japan's earthquake, tsunami and nuclear crisis continue to unfold, hedge funds are sprouting up in Asia Pacific and U.S. investors are buying Japanese ETFs.
Marathon Asset Management Selects SimCorp For Investment Management System
The firm, which has $53 billion in assets under management, will use the system to support its portfolio accounting operations serving traditional and alternative funds.
Asset Manager Marathon to Deploy SimCorp Dimension
Marathon Asset Management, which manages $53 billion for institutional clients, announced it will use SimCorp's Dimension platform as its investment management system.
Fidelity Moves Buy-Side Trader Brian Conroy to Head Up Capital Markets
Conroy succeeds Mark Haggerty, Fidelity Capital Markets' former president who was named head of new product development across Fidelity's institutional businesses.
Merger Mania: Bigger Is Not Always Better
Stirring up national passions and regulatory obstacles, a slew of cross-border deals that threaten the survival of national stock exchanges are in the works.
Start Your Engines: The Future of High Frequency Trading
On May 6, 2010, however, the world changed when the Dow went into freefall only to bounce back minutes later.
E*Trade Launches New Facebook-Style Online Investment Community
The site allows investors to see other E*Trade clients' integrated account data as well as their trading performance and account activity.
Morgan Stanley Unveils VWAP for FX
Morgan Stanley announced the rollout of an over-the-counter algorithmic trading platform that provides institutional investors with flow-weighted average pricing in currencies.
Knight Names Sohos to Head Electronic Trading Group
Knight plans to expand client market making and principal trading activities across geographies and asset classes.
In His Own Words: Q&A with Bloomberg Cofounder Thomas Secunda
Thomas Secunda, one of the cofounders of Bloomberg LP, shares his thoughts on higher education, rapid technology development, financial services transparency and more.
Inside the Bloomberg Machine
Thirty years after it was founded, Bloomberg LP has woven its technology into the fabric of Wall Street’s front office. Superior customer service and rapid technology upgrades have generated a loyal customer base and billions in profits. Here’s an inside look at how Bloomberg pushes out new technology at a phenomenal pace.
Liquidnet's Merrin Calls On Exchanges to Look Past Mergers
Liquidnet Chief Executive Seth Merrin called for a new market structure where which institutional investors trade alongside retail markets run by exchanges, in a speech to the World Exchange Congress in Madrid.
Orange Business Services Installs New Turnkey Trading Foors In China
China Minsheng Banking Corporation and Evergrowing Bank have used Trading Solutions to design and deploy entirely new trading floors in their respective Shanghai offices.
New Technologies To Stop Insider Trading
With the biggest insider trading trial in history currently under way, Wall Street firms are ramping up their technology to try to prevent market abuses before it's too late.
GFI To Provide OTC Energy Data Via GlobalView's MarketView Solutions
The data is sourced directly from GFI's electronic trading platforms for the energy markets, EnergyMatch Europe and EnergyMatch.
Morgan Stanley Hit With Lawsuit for Stock Plunge
Diversify, diversify, diversify. And never bet your entire nest egg on company stock. It's investing 101. But six Morgan Stanley employees who paid dearly for not going that route aren't taking their losses quietly.
Nasdaq OMX Nordic Debuts North American Market Access
Nasdaq OMX Nordic is making it easier for its clients to trade in the North American equity markets.
J.P. Morgan Worldwide Services Issues Guide for Hedge Fund Start Ups in Asia
Provides advice on launching a hedge fund in Asia, including regulatory issues, fee structure, service provider selection and technology systems and processes.
Traiana Launches Central Clearing Connectivity for FX Derivatives
Citi is the first client to use the central clearing service, Harmony CCP Connect, for the bank's FX prime brokerage trades.
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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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