Content posted in May 2000
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ECNs, Demutualization and Alliances Dominate Electronic Trading Landscape
ECNs have forced the NYSE and NASD to seriously consider re-inventing themselves.
Operations: A Year of Consolidation and Preparation
1999 was a year of sweeping change in the financial services technology industry, including the growth of ECNs and online trading.
After-Hours, IPOs and Wireless to Boot!
1999 sees the continued ascendance of the Internet, after-hours trading, wireless trading, free real-time quotes and online private placements.
Market Data: Y2K, Capacity Planning and the Internet
The $6 billion market data industry faces exponential growth due to decimalization and the potential for linked options exchanges.
Risk Arena Marked by Integration of Risk Tools and Vendor Consolidation
1999 sees increased consolidation among credit and market risk systems.
OMS, FIX and the Internet -- Buy-side Technology 1999
Buy-side technologies, such as order management systems and various Internet plays, come into favor in 1999.
https://www.informationweek.com/
ECNs have forced both the NYSE and NASD to seriously consider reinventing themselves.
Internet Sites Turn up the Volume on Whisper Numbers
An unofficial earnings estimate—created by analysts and now, individual investors, continues to have a significant impact on the direction of stock prices in the five to 10 days before or after a company announces its earnings.
Merrill's Pact With Multex Says Volumes About the Future of Research Distribution
The manner in which broker research is collected and distributed to the buy side changed on December 22, 1999, the day that Merrill Lynch and Multex.com signed a multi-year contract to co-develop global research and information Web sites for Merrill’s institutional and retail clients.
Visible Markets Rolls Electronic Trading Application for Structured Bonds
The system will run electronic auctions for collateralized mortgages and asset-backed securities.
IN BRIEF
The Deutsche Borse, International Petroleum Exchange, Brut and GlobeNet Capital Corp.
ISE Goes Live, Joins the OCC
Initially, the exchange lists options on only three stocks, but intends to list the 600 most widely traded U.S. equity options
Document Management Picks Up Speed
According to a recent study on document management, 80% of respondents expect their company’s annual DM expenditures to increase over the next five years.
Sometimes the Help Desk Could Use a Little Help
Now that time has quelled the techno-anxiety posed by Y2k, IT consultants can relax as end users smoothly operate at their workstations, right? Not exactly.
MathWorks Links to Bloomberg, Live Data for Efficient Modeling
Bloomberg and The Math Works team to offer a product for developing financial and analytic models.
Lampertz Brings Physical IT Protection to the U.S.
Lampertz seeks to further change the way financial institutions in the U.S. view operational risk and the protection of data.
Stress Testing to Fill in Gaps Left by VAR
Daily stress testing helps identify scenarios that could cause significant loss outside of regular market events
Visualization Lends a Hand to Risk Arena
Data visualization technology is expected to increase in visibility with the recent merger of two leaders in the field, Visual Insights and Visible Decisions.
OM and Morgan Stanley to Develop European Stock Exchange
OM Group and Morgan Stanley Dean Witter have teamed up to launch a new online European stock exchange, dubbed Jiway.
Tradescape.com Gobbles Up MarketXT
Tradescape is expected to integrate the MarketXT trading system with its own and route orders to MarketXT’s ECN.
DB Ponders Restructuring
The Deutsche Borse A.G. will restructure its ownership—either via a private placement or an initial public offering
SEC Gives Green Light to Fully Automated Options Market
Separately, the ISE signs an allocation agreement with NASDR, the Nasdaq Stock Market’s regulatory arm.
Internet Attacks Wake Up Financial Firms to Security
Responding to the recent spate of hacker attacks on major commercial Web sites, many financial firms are evaluating their Internet security.
Buyside Behind
Fund managers are lagging behind investment banks in e-commerce.
W-Trade Releases New 401k Application for Hand-held Devices
W-Trade Technologies has extended its wireless application suite to include w-401k, a portfolio management and trading application suited for investors and fund managers.
Gateway to Go Live with FIXChange.net
Gateway Financial Solutions has just gone live with FIXChange.net, a network for connecting buy- and sell-side traders directly to independent floor brokers on the floor of the New York Stock Exchange.
Dresdner Gestion Follows Its Own Portfolio Management Path
Dresdner RCM Gestion has opted for Décalog’s IDÉE.
Fund Companies Grapple with Tech Issues on International Expansion
US mutual fund companies contemplate distributing their funds in Europe.
Open Season on Exchanges
if it’s so easy to build an exchange from scratch, why are officials at the largest and most successful futures exchanges in the world racking their brains over going electronic?
EBOT, The Missing Link?
Pending member approval, the CBOT will soon give birth to a new electronic exchange that could compete with CBOT's pits and create the first-ever cross-listings war in the U.S. derivatives markets.
Interactive Data and DBC to Expand Offerings Through Merger
Plans are to expand internationally with a new European financial site.
Brokers Scramble to Add B2B Sites for Buy Side
As e-commerce pervades the brokerage community, the buy side is beginning to see services never imagined before the advent of the Internet.
U.S. Plays Catch-Up with Europe in WAP Mobile Phones for Financial Services
Two European firms are within months of providing trading over so-called WAP (wireless access protocol) phones.
A Conversation with MarketXT’s Craig Vorselen
The executive vice president of technology and operations at MarketXT talks to Wall Street & Technology about the ECN’s latest moves and gives a glimpse as to what can be expected in the future.
Fleet Boston Opts Not to Live Sans SANs
Storage area networks appear to be climbing up the shopping list of securities industry CIOs.
Output Technology Launches Printing Product for the Future
Output Technology Solutions is planning to launch an online order and subscription product for ordering future documents.
Seagate Releases Enhanced Web Reporting Tool
Seagate Software has released Version 8 of its Crystal Reports product for Web report creation and distribution.
CyBerCorp Enhances CyBerTrader 2.0 with Options Trading
CyBerCorp.com has added options trading functionality to its CyBerTrader 2.0 trading platform.
Cantor Exchange Files to Trade Agencies
The Cantor Exchange has filed with the Commodity Futures Trading Commission to trade U.S. agency contracts.
TradeCast Introduces New and Enhanced Trading Software
TradeCast Securities has expanded and enhanced its trading technology for both the professional and the individual investor.
Juggling Technology Relationships
IT departments are being faced with a slew of decisions about the right technology mix and vendor relationships for the company.
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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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