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Compliance Newsflashes: RSA Snatches Up Competition PassMark, and more
RSA Security Buys Authentication Vendor PassMark, Thomson Financial Acquires Market Systems, SunGard to Help OmniPlus Customers Comply with Rule 22c-2
Operations Newsflashes: Reuters and Novell Form Alliance, and more
Reuters and Novell Form Alliance, BlueBay Taps Into TLM, Schroders Outsources Middle Office, Putnam Investments Finds Coherence
Investment Management Newsflashes: Credit Suisse to Merge Private Banking Subsidiaries, and more
Credit Suisse to Merge Private Banking Subsidiaries, Northern Trust Gets Socially Responsible, AQR Capital Management Invests in Cisco, Old Lane Chooses Triple Point
Trading Newsflashes: Lava Plans Interbank FX Platform, and more
Lava to Introduce Interbank FX Trading, BNY Brokerage Form Hedge Fund Trading Services Unit, Morgan Stanley Automates OTC Derivates Confirmations
CIOs Retain IT Staff With Training and Flex Time, Not Money
A survey of CIOs shows the most popular tactic for keeping IT staff happy is to offer training and flexible schedules.
Placing Smart Bets on FX
This week saw quite a stir in the foreign exchange waters, with some big-name players making moves into the FX space and rocking the boat. Interdealer broker ICAP announced last Friday the acquisition of London-based electronic FX trading vendor EBS Group while Lava Trading (New York) on Tuesday revealed what it calls a "major initiative" to introduce an interbank foreign exchange trading platform.
What's interesting about the EBS deal is that the company is owned by a consortium of 13 of the
Compliance Newsflashes: ICT and Actimize Team Up Against Online Fraud, and more
ICT and Actimize Combine Fraud Solutions, Gissing Developing MiFID Output Handlers
Operations Newsflashes: SWIFT and NYFIX Agree to Reduce Rates in Asia Pacific, and more
SWIFT and NYFIX Agree to Lower Rates for Asia Pacific Users, Wachovia to Use Dialogue for Customized Documents, and Charles Schwab Chooses SumTotal for Learning Management
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Merrill Lynch Investment Managers Get New FX Solution From State Street, New Boston Investment Manager Chooses Advent's Geneva, and New Hires From ING Investment Management and Sanders Morris Harris Group
Beyman to Leave Lehman to Pursue Personal/Philanthropic Interests
Investment bank's chief of operations and technology chooses to retire from "best job in the world."
internet/webdev
ISE Enters the Stock Exchange Business With Strategic Partners, BAS Appoints Almgren to Head Quantitative Strategies for Equities, Gain Capital Closes $40 Million Equity Investment
Shake It Up
A new industry forecast from IBM anticipates major changes in the global financial markets by the year 2015.
Researchers from the IBM Institute of Business Value have looked into their crystal ball and what they see is troubling for many players in the global financial services industry. According to a new 10-year industry forecast, electronic trading, regulatory pressures and interest in emerging markets will change the very foundation of the world's capital markets businesses.
The converge
Johnson Enjoys View at Financial Network
Albert Johnson has joined Financial Network Investment Corp. (El Segundo, Calif.), part of the ING Advisor Network of independent broker-dealers, as chief compliance officer.
Jim Bailey has been hired by asset manager OppenheimerFunds as SVP of IT infrastructure. He will be responsible for the oversight of corporate technology functions, including data centers, networks, desktop systems and telecommunications.
WS&T Radio: JP Morgan Automates IT Controls Monitoring
Listen to this episode
By Greg MacSweeney, Editor
Following a near decade-long transformation, the IT Controls group in JP Morgan's Investment Bank is rapidly automating many of the traditionally manual controls that surround application development and maintenance, says Brian Mitchell, vice president of technology controls. By a
Tony Soprano and My Social Security Number
We live in a world of trust. We want to believe that everyone is good, and Ozzie and Harriet live next door. Unfortunately this world does not exist -- especially online.
Chase.com Architect Leaves JPMC
Michael Mazza, known as "the father of chase.com," has left JPMorgan Chase (JPMC), where he led the development of the Web business, to form and serve as managing director of recruitment firm PRI Technology, the IT-focused New York-based presence of Perennial Resources International.
IPC’s Next-Generation Turret
IPC (New York) lifted the curtain on its next-generation trading desktop, IQ/MAX, which enters beta testing in April and will be available in June.
Elemental Unveils ESP v2.0
Elemental Security released version 2.0 of its policy and risk management solution, the Elemental Security Platform (ESP).
High-Volume Stream Processor
Aleri Labs launched the Aleri Streaming Platform, a development platform for processing real-time streaming data feeds.
Beyond Registration
The investment community was fixated on hedge fund SEC registration for months leading up to the February 2005 deadline, especially managers who were challenged to file their Form ADVs.
Application Portfolio Management
At large financial services firms, tracking and monitoring IT applications can be difficult. Employing a portfolio management model, however, can increase efficiency, reduce costs and streamline IT operations.
Trading Partners
TD Ameritrade's CIO tightens vendor management in a consolidated environment.
Trading Off the News
Wall Street firms are working with XML news feeds that turn news events into data signals. Will the next set of algorithms be based on news feeds?
Standard Protocol
Fischer Francis Trees & Watts becomes the first asset manager to use the FIX 4.4 message standard in a live environment.
Assembling the Risk Puzzle
For Fairfield Greenwich Group, aggregating an accurate risk picture across externally managed vehicles requires flexible solutions.
Logistics of E-Delivery
An SEC proposal would make the Internet the default mode of delivery for shareholder proxy voting materials, but is it a good idea?
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Leading a growing trend among investment banks, Bear Stearns brings in direct exchange feeds for its quantitative trading platform.
Ask The Expert:Careers
Question: In 2005, many firms on Wall Street saw record growth and profits. Has this recent success had an impact on hiring trends for senior-level IT managers?
Going Numb
Nowadays, it takes a lot more to get a reaction from most people -- another death in Iraq, another corporate scandal, another serial killer. Next. It seems we're numb to even the most-horrific news.
Compliance Newsflashes: Financial Services Companies Integrate Compliance and Financial Crime
Norkom Survey Reveals Move to Integrate Compliance and Financial Crime, AIG Counsel Patrikis Joins Law Firm, CC Pace and RiskWatch Partner to Focus on FFIEC Guidelines
Euronext.liffe Shifts Exchange to Linux-Intel Platform
The European derivatives exchange is replacing Sun Microsystems' Solaris operating system and hardware with a Linux-Intel platform.
Investment Management Newsflashes: SunGard Sells Wealth Management Outsourcing Unit, and more
Reliance Buys Wealth Management Outsourcing Business From SunGard, Tamalpais Asset Management Chooses Munis From SunGard for Pricing and Modeling, Markit Launches Portfolio Pricing Service for Buy Side, Investment Services Group at Sterling Financial Consolidates Management
Operations Newsflashes: AQR Capital Management Signs On With ActionsXchange, and more
AQR Capital Management Chooses ActionsXchange for Corporate Actions, CreditTrade to Get STP From T-Zero, Headwaters Selects LexisNexis CRM, GoldenSource to Provide Data on Canadian Entitlements, Parlano and Nokia to Build Mobile MindAlign
Trading Newsflashes: Nasdaq Targets London Stock Exchange With 15 Percent Stake
Nasdaq Targets London Stock Exchange with 15 Percent Stake, Interactive Brokers Announces Winner of Trading Olympiad, RedSky Financial Taps Fitzsimmons as CEO, Pipeline's Volume Surpasses 35 Million Shares
Web App Hack Incidents Are Up As Businesses Take Cover
The trend is especially troublesome for financial services companies trying to expand online banking and investing.
FS Web sites Falling Behind
Study says the industry’s Web presence is suffering post ‘Net boom.
Online Banking Numbers Reflect Slowing Growth
The most recent quarterly numbers are low, but year-to-year the number of online banking customers has grown by 27%, a Web metrics firm says.
Cooper Investors Chooses Charles River IMS, and more
Charles River Signs Cooper Investors to IMS, Concord Equity Group Chooses Dialogue From Exstream, and Tasmania's Retirement Benefits Fund Using DSTi Workflow Solution
SIA Appeals to SEC for Reg NMS Extension, and more
SIA Requests Reg NMS Reprieve, ABN AMRO Selects ControlGuard for Portable Device Management
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