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Post-SocGen, Firms Increase Focus on Risk Better communications and same-day affirmation for derivatives trading are among major concerns for financial firms who want to reduce risk.
John Hancock Funds Launches Redesigned Adviser Center Site meant to lure financial advisors with tax, proposal help.
Virtual Sprawl Hits Wall Street Rapid server virtualization has set the stage for a new malady known as 'virtual sprawl.' Here's what Wall Street firms are doing about it.
Wealth Managers Grade Themselves Poorly on Process Software company Northstar recently polled 5,500 wealth managers and found that on a scale of 0 to 80, the average wealth manager scored his firm a 32 in ability to offer best-in-class, holistic and personalized service.
Bank of America Investing in Energy Management New energy efficient diagnostic tools part of $20 billion energy efficiency plan
JPMorgan Chase to Digitize Financial Statements, Invoices, Checks By the end of next year, more than 3,000 employees around the world will be using the Oracle document management software.
The Buy-Side Values Short-Trade Ideas When the Securities and Exchange Commission posted an order last night extending the temporary restrictions it placed on short selling in 19 financial stocks until Aug. 12, 2008, the SEC may have allayed the concerns of asset managers that rely upon short-trade ideas in their strategies.
Markit Hires Morgan Stanley Credit Head Armins Rusis joins Markit's executive board after 17 years with Morgan Stanley.
FTSE Rolls Out Frontier Index Ready for investors to venture into Qatar, Sri Lanka, Vietnam.
E-Discovery: IT Execs Are Overconfident and Underprepared A new study shows that there is a big disconnect between IT executives' perceived and actual litigation readiness.
Roman Bank to Use SunGard Derivative Valuation Service La Banca di Credito Cooperativo di Roma will use the service to value structured products.
Bloomberg/Reuters Rival Preparing U.S. Launch of Mobile Apps On September 1, London-based Blue Systems will stage a U.S. launch of two new low-cost ($10 and $20 per month) global news applications for professional traders to use on their mobile devices. The blue mobile applications are designed to deliver worldwide news to the traders ahead of traditional internet and TV new vehicles such as cnbc and more cheaply than Bloomberg or Reuters desktop applications, over Blackberry, Windows Mobile and Sy
Charles Schwab Launches Virtual Community for Active Traders Exclusive environment lets clients blog, access live Webinars and share ideas about trading strategies and tactics.
Patsystems Signs Deal With G.K. Goh Financial Services Deal will allow G.K. Goh and its customers access to Patsystems' J-Trader solution.
Cuttone & Company Names Banc of America Securities Executive as New Director of Prime Brokerage and Electronic Trading Sales
Raymond James Implements SunGard's Protegent Surveillance for Enterprise-Wide Trade Compliance and Surveillance
NYSE Brokers to Receive Algo Trading Software Pragma Financial tools will give floor brokers the chance to use algorithmic execution software.
Tullet Prebon to Provide Financial Market Data to RiskMetrics TPI and RiskMetric sign multi-year agreement.
Hedge Funds: Before and After the Credit Crisis With steep losses at quant funds and a series of high-profile collapses, hedge funds appeared to be at the heart of the crisis--yet they have weathered the storm surprisingly well.
Liquidity Management Solutions: Targeting Financial Institution Treasury Liquidity management solutions offer an exciting and promising new opportunity for financial institutions to utilize technology and increase control in managing liquidity.
JPMorgan’s FCS Corporation Acquired By Markit Combined organization to have 400 financial institution customers.
Bombay Stock Exchange Joins TSN Network Major companies outside of India now have access to BSE trading market.
GE Asset Management Enabling a Mobile Workforce Karen Higgins-Carter
Former Ameritrade CIO Richard Rzasa Has a New Life(Lock) Twenty-four year securities industry veteran joins ID theft protection vendor as CIO
Weeden & Co. Shifts to FlexOMS for Handling Exponential Volumes Institutional broker replaces SunGard BRASS with new sell-side OMS in middle and back office.
Most Fund Administrators Worried About Backoffice Errors, Study Finds Eighty-four percent of senior managers at fund companies and fund administrators are concerned that manual processes are affecting their ability to control errors, according to a study released today by software company Confluence. The survey had 115 respondents, 40% of them C-level executives.
Correlix Teams Up with Endace on Latency Measurement Latency expert taps Endace for time stamping of complex trading environments.
Michael Oxley Says SOX A Burden At First, But Now A Global Trendsetter Former U.S. Congressman Michael Oxley, vice chairman of Nasdaq, acknowledges that the Sarbanes-Oxley Act he co-authored was too onerous at first -- but says it has since spurred a global compliance trend.
Carl Carrie Leaves JP Morgan to Pursue Next Venture Eyes Fixed Income, Credit or Commodity Sector Undergoing Transformation
Roundtable Analyzes Hedge Funds Best Practices (Part 2) In a recent roundtable, panelists offered advice on why it is important for hedge funds to increase transparency, perform "checks and balances" on valuations, add dedicated risk management functions and have a business continuity plan for trading operations. Ultimately, these practices will help reduce hedge fund risk and improve investor protections.