Content posted in December 2003
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2004 Outlook: Electronic Trading in Stocks Reaches the Tipping Point
Look out for more efficiencies and disruption in 2004 as Nasdaq and ECNs make a play for listed stocks. TowerGroup predicts program trading, algorithmic trading and black-box market making are here to stay.
RBC Financial Connects with Vitria
Vitria has been adopted as a standard for RBC Financial for business- process management, enterprise-application integration, and workflow management.
ELECTRONIC-TRADING NEWSFLASHES
UTP Committee agrees on communications procedures for Nasdaq trading halts; AKJ hooks up institutional trading platform to Hotspot FXi; Eurex will surpass one billion contracts for 2003.
MARKET-DATA NEWSFLASHES
Mark-it Partners acquires LoanX; HyperFeed and Savvis release data-delivery-utility solution; Thomson Financial offers applications on RadianzNet; RIXML releases new version of investment-research standard.
RISK-MANAGEMENT NEWSFLASHES
Barclays Capital chooses Mantas for compliance and anti-money laundering; Ding named to co-head PRMIA's Boston chapter; PKO Bank Polski selects Algorithmics.
INVESTMENT-TECHNOLOGY NEWSFLASHES
T. Rowe Price outsources investment division's infrastructure to Sybase; RBC goes live with Sanchez Funds for order-management services; Parnassus Investments implements TA technology from Envision.
OPERATIONS NEWSFLASHES
ABN AMRO scores CLS mandate; ADP Wilco upgrades outsourcing service for SWIFTNet; BONY wins Liontrust outsourcing contract.
Firms Better "Get the Message" About IM
Any firms that feel regulators should treat IM differently than e-mail had better think again.
Trading on the Future: A Brief Look at the Future of Financial Markets IT
WS&T Special Contributing Editor Larry Tabb takes a brief look at the future of financial markets IT.
ELECTRONIC-TRADING NEWSFLASHES
FutureTrade Technologies signs with Radianz for ECN connectivity; Rosenblatt goes live with FlexTrader; MB Trading launches service bureau for direct-access trading.
MARKET-DATA NEWSFLASHES
Moneyline Telerate releases managed-data-distribution platform, iHost; Bloomberg carries Hotspot FXi currency rates; Rabobank updates to Reuters' 3000 Xtra.
0,205917952,205917242,205917232,205917224,205901194
Creditex delivers confirms for credit default swaps in FpML; ISDA outlines vision for automated processing of OTC derivatives; Sophis unveils new version of risk system for hedge funds.
INVESTMENT-TECHNOLOGY NEWSFLASHES
Principal Global Investors opts for CheckFree for separately managed accounts; New Frontier Advisors enhances asset-allocation software; GIS acquires hedge-fund and alternative-investment-software company.
OPERATIONS NEWSFLASHES
U.S. Clearing partners with Equifax; XcitekSolutionsPlus to provide corporate-actions processing to U.S. Bancorp.; Wall Street Systems launches Hedge Compliance Module.
Mutual Fund Maintenance
The SEC has offered suggestions on how to tidy up the industry's mutual-fund mess.
From the Top Down: Getting Management on Board With Compliance
Why all the focus on compliance? Simple: Management is charged with protecting their firms' reputations " which translates to customer relationships and shareholder value. Business is at stake, and compliance has taken center stage.
ELECTRONIC-TRADING NEWSFLASHES
Eurex partners with Trading Technologies for connectivity into new U.S. futures exchange; Bear Stearns chooses Aegis Software for FIX testing; Merrill goes live with new Thomson AutEx network.
MARKET-DATA NEWSFLASHES
Asset Control introduces entry-level version of its data-management platform; Reuters forms partnership with CodeStreet; MarketXS intends to acquire Benelux business from Moneyline Telerate.
RISK-MANAGEMENT NEWSFLASHES
Capco acquires Dresdner's ORTOS; Tradition Sydney picks Kalahari's kACE for pricing and analytics; Caterpillar Rolls Out SuperDerivatives for FX options pricing.
INVESTMENT-TECHNOLOGY NEWSFLASHES
Two investment managers opt for Charles River Development solutions; Indata integrates risk-measurement and analysis tools into suite; FMC offers business-process outsourcing.
OPERATIONS NEWSFLASHES
U.S. Clearing begins servicing Capitol Securities Management; Financial Technologies International offers new version of StreetEnterprise; JPMorgan Investor Services gets Quanta Capital's insurance custody mandate.
Business Process Integration Keeps the M&A Ball Rolling
In addition to new customers and products, merging companies can also add an enormous headache for the IT department.
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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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