Content posted in September 2004
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WestLB Cools Off Trading Floor With PC Blades
WestLB deployed PC blades to avoid air conditioning costs, while others see cost savings in flexibility
Competition Heats Up to Offer Secure, Manageable, Affordable Linux Operating Systems
Analysts caution against blindly believing that security designations will translate into a certain level of security in any given IT environment
Operations Newsflashes
FSCC Promotes Cyber Security Issues in October; Flodstrom of OMX Was Named Chairman of EACH
informationweek.com
XcitekSolutionsPlus Partners With Odyssey Asset Management Systems on Corporate Actions Software; PFPC Chooses Advent Software's Geneva Solution; Pershing Offers Customers Financial Planning Software; Sander Morris Harris Selects MyVest Wealth Management Solution
https://www.informationweek.com/
GFI Launches CreditMatch; Chicago Mercantile Exchange Clears One Billion Futures Contracts This Year; RealTick Launches Spanish-Language Web Site; Rolfe & Nolan to Market Emos Futures Products
Compliance Newsflashes
Business Objects Releases Sarbanes-Oxley Analytic Solution; Instinet Group Manages Sarbanes-Oxley Compliance With Movaris; IDS Scheer Upgrades ARIS SOX Audit Manager
Leveraging Sales and Servicing Data Integration
Mutual fund distributors and manufacturers have traditionally been separate entities. As a result, sales and servicing data are generally stored on different systems at fund companies and their service providers.
Hand Grenade or Golden Egg? A contrary view of the costs of compliance
While Elliot Spitzer rolled a grenade into the mutual fund industry's clubhouse, it seems that the SEC has laid a golden egg at the door.
Why Asset Managers Implement Compliance Solutions
Compliance technology has advanced significantly, and the asset manager now has a choice of highly functional systems aimed at avoidance of breach. This advance in technology has enabled the automation of a wide range of compliance checks, and it is now a standard practice in the industry to run automated checking of orders and positions.
Mantas Brings Proven Expertise to Mutual Fund Challenges
Ninety-five million Americans invest seven trillion dollars in mutual funds. For many of those 95 million, plus countless financial advisors, investors, traders and administrators, the mutual fund industry is now synonymous with the seemingly endless barrage of scandals that have rocked the industry's foundation.
Mutual Fund Compliance: Today’s hot issues are only the tip of the iceberg
While a lot of noise has been made recently regarding mutual fund sales practices, little has been said about the underlying inefficiency of current compliance processes, the solution to which requires flexible technology moving at the speed of regulation.
Sun’s Wall Street Courtship Includes Simpler Utility Computing Model
It was back to the future for Sun Microsystems as it conducted its quarterly product launch this week in New York, where the company pledged to continue its efforts to recapture its onetime dominance among financial-services companies.
IBM’s SWIFT Specialist Describes Industry Transformation
SWIFT's Alec Nacamuli speaks about two strategic transformations in the financial industry: the bank/corporate relationship and the consolidation of back offices at European banks.
Electronic Trading Newsflashes
Piper Jaffrey to purchase Vie Securities, a provider of electronic execution services; Goldman Sachs Algorithmic Trading expands access to proprietary algorithms via multiple order-management systems; BNY Brokerage to acquire Wiltshire Associates' execution and commission-management business; ICAP hooks up with Dow Jones Newswires to offer custom newsletter to clients in fixed income and currency markets; NeoNet integrates direct-access trading platform with Thomson AutEx network.
Investment Management Newsflashes
Schwab Launches PortfolioCenter; Asset & Resource Management Company Chooses DSTi
Operations Newsflashes
SunGard Names Mack Gill president of SunGard Offshore Services; Penson Worldwide lands Orion Securities as clearing customer; ADP adds breakpoint functionality and Rights of Accumulation for broker to calculate sales charges on mutual fund orders; Enigmatec raises $6 million in venture capital round
Mutual Funds Face Future Regs
The mutual fund scandals center on five key areas: failure to apply breakpoints, late trading, market timing, brokers' conflicts of interest and the all encompassing breach of trust.
Que Es Mas Macho?
Wall Street has always been about macho. Who has the power, who gets the Quan (see: Jerry Maguire) and who's on top of the pecking order.
Shifting Gears
PFPC Hires John Korn; MONY Compliance Chief Jumps to D & B; SunGard Appoints Odho as SVP; Keeping Tabs
Product Watch
iLumin Addresses SOX; SunGard's Overlay Management; Postini Tackles More Than Spam
IT Architecture
Industry consolidation, new computing standards and a move to horizontal business structures have IT architects' plates full. To build a cohesive strategy, they need to leverage architectures across an organization, bust down technology silos and meld newly acquired units.
Looking for Trouble
Under new IT leadership, the SEC is upgrading technology to become a better watchdog and maintain market confidence.
Fine-tuning the BCP
As business continuity deadlines come and go, firms are still struggling to develop a foolproof plan.
Basel II: Coming to America
Now that the accord will apply to the U.S. securities industry, some firms are playing catch-up.
What’s Old Is New Again
Straight-through processing is again in vogue, but this time it's being driven by internal cost pressures.
Asset Managers’ Priorities
When it comes to current technology priorities, asset managers are taking a longer view.
Measuring Up
Cost-cutting is no longer the only innovation yardstick.
Innovation In Motion
Tech leaders are focused on seizing new opportunities.
Tapping the Pipeline
Automated trading is driving demand for low-latency data. In response, business units and IT groups are searching for ways to manage direct-exchange feeds before slow data drags down the bottom line.
Dear CIO...
What are some examples of mission-critical business technology projects that Lehman is funding, and what are the benefits to shareholders and clients?
Up Front
Performance-Attribution Spending Perks Up; SOX Update: How Compliant Are You?
New Faces at WS&T
Maria Santos is the newest addition to the Wall Street & Technology editorial team. Maria, who joined us in July, covers compliance and investment management
Sun’s Schwartz: Linux honeymoon is over on Wall Street
Jonathan Schwartz looks to Wall Street as one of the few industries with the means - money and will - to regularly redefine the computer industry.
Pulling Outsourcing Deal Fits With Pattern For JPMorganChase’s Dimon
Industry watchers see Dimon's fingerprints on Chase's decision, announced Wednesday, to cancel the company's $5 billion, 10-year "business-transformation-outsourcing" contract it signed with IBM in late 2002.
When E-Mail Isn’t Enough To Justify Mobile Sales Tool
Evergreen Investments Needed CRM Connection To Justify Widespread BlackBerry Use
Electronic Trading Newsflashes
CBOE votes to sell ownership stake back to NSX; Harborside+ partners with Quantitative Services Group to analyze trades on T+1; Capital Institutional Services picks FutureTrade platform for direct-access trading; Lehman Brothers partners with Neovest to offer customers access to its automated algorithmic-trading engines; Spear, Leeds & Kellogg joins TradeWeb as liquidity provider in corporate bonds
Operations Newsflashes
Credit Suisse Picks Software To Migrate to Swift IP Network; Investec Asset Management Chooses Netik for data warehouse hub
Compliance Newsflashes
Scotia Capital Deploys BT Voice Trading Systems with Built-In BCP; Schwab Settles Mutual Fund Charges with SEC; Mantas Releases AML, Trading Compliance and Broker Compliance Applications
Investment Management Newsflashes
Suncorp Group Automates Cash Processing for Wealth Management; U.S. Bancorp Picks Real-Time Portfolio Accounting Tool
Asset Management Newsflash
SunGard Launches Overlay Asset Management Software
Electronic Trading Newsflashes
Reuters Finishes Global Rollout of Managed Service Trading Network to Buy-Side Firms; FutureTrade Taps Former Instinet Executive as COO; Automated Trading Desk Selects SunGard Trading Systems/BRASS Network to Reach Brokers; BNY Brokerage Integrates DEx Platform With Eze Castle OMS
Compliance Newsflash
SunGard Acquires Kiodex Compliance Tool
Nasdaq Licenses HyperFeed Ticker Plant to Run Data Factory
Nasdaq is licensing ticker-plant software from HyperFeed Technologies to make its data products more competitive.
A New NYSE: The Winners and Losers
Market structure change is taking center stage, and the national market system debate occurring now in Washington will have profound impact on our business for years to come.
Operations Newsflashes
The Chicago Clearing Corp. to Provide Services for Chicago Climate Futures Exchange; ADP Wilco Receives SWIFT Accreditation for Service Bureau in Germany
Compliance Newsflashes
Panacya Releases Monitoring Solution for Enterprise Messaging Systems; Kenamea and Protegent Join Forces on Compliance Solutions; Security Flaw Found in EMC Centera; Former Invesco Funds Group Employees Settle Market Timing Charges
Electronic Trading Newsflashes
Archipelago Exchange Launches New Market-Data Web Site; TowerGroup Says Markets Will Increasingly Be Differentiated by Technology
Investment Management Newsflashes
TowerGroup Predicts Increase in Outsourcing Contracts for Asset Management Industry; Missouri State Employees' Retirement System Outsources to DST International; RBC Dain Rauscher Launches Unified Managed Account Program; NorthStar Announces 'Active' Investment Policy Statement; NWQ Investment Management Company Picks Charles River IMS
Operations Newsflash
Thomson Buys Software Firm in Treasury-Management Market
UBS Eyes Nasdaq Trading From Schwab Deal
UBS this week said it is acquiring Charles Schwab SoundView Capital Markets, the company's capital markets group, for $265 million cash.
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