Content posted in February 2001
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Data Cleansing Products to Save Industry Time and Money
Risk data products offer possible solutions to the major problems with internal risk data.
Bridge Battles Bankruptcy :The Industry Weighs in on the Fate of Bridge
As Bridge files for Chapter 11 Bankruptcy, The Industry Weighs in on the Fate of the Financially Unstable Market Data Provider
ProTrader Targets Buy Side; Touts ECN Connectivity and Cheaper Costs
ProTrader, a direct-access broker that has built its reputation in the day trading community, is now trying to sell its trading platform to buy-side professionals.
NICSA Looks To Ready the Mutual Fund Industry For Internet Age
At its 19th annual operations conference held in Miami, NICSA panels looked to tell members how the Internet, as well as non-technological developments will effect the industry in 2001.
Tokyo-Mitsubishi International Installs Sentry by Algorithmics for Derivative Collateral Management
European securities firm looks to Algorithmics for more efficient management and processing of collateral transactions.
MARKET DATA BRIEFS
Caplin appoints Ariel Jacobs as U.S.-based executive vice president to expand sales of its RTTP protocol; Bridge and Phoenix Satellite team up to provide Chinese financial TV channel.
RISK MANAGEMENT BRIEFS
Decisioneering and Visualize team up to develop risk analysis software; The UnRisk Consortium releases a pricing engine for derivatives valuation; VP Bank implements SunGard's BancWare and Panorama solutions for integrated risk management.
ELECTRONIC TRADING BRIEFS
The European Energy Exchange (EEX) unveils more information on its electricity futures; Live trading began on February 22 for Hotspot FX, Inc, a foreign exchange trading engine; Wofex, Inc. appoints Michael Earlywine as vp of product safety and trading.
BUYSIDE BRIEFS
Techfi announces enhancements to Portfolio2001; Actifunds announces the availability of its online management platform for investment clubs; Spectra Securities Software Inc. announces the appointment of John Kozak as Managing Director for Europe.
Thomson Financial Brings Together Content and Tools with ThomsonFN
New site and ASP services enable institutional clients to offer Thomson data and tools out to customers.
Ameritrade Jumps Into the Direct-Access Market with Acquisition of TradeCast, Eyes B2B Penetration
Ameritrade signs an agreement to acquire TradeCast, a direct-access broker catering to semi-professional traders.
AZZAD Asset Management To Market Filtering Software to Investment Managers
AZZAD Asset Management plans to market its home-grown software to fund managers looking to reach the socially conscious investor.
ELECTRONIC TRADING BRIEFS
Trinix Securities signs a deal to employ Watcher Technologies' application programming interface; The board of directors of the International Securities Exchange promotes Gary Katz to COO; Brian Williamson inducted into the Derviatives Hall of Fame.
BUY-SIDE BRIEFS
Techfi announced a strategic partnership with AGSI; SunGard Investment Management announces the opening of a new London office; ByAllAccounts names Timothy T. Taussig as SVP of corporate development.
MARKET DATA BRIEFS
GovPX announces Internet delivery of its fixed income information services; Reuters forms information service for the Nordic community.
RISK MANAGEMENT BRIEFS
TreasuryConnect announces marketing alliance with FNX Ltd.; Decisioneering releases Premium Edition of its Crystal Ball product; SciComp receives patent for its derivative pricing technology; FinancialCAD aims to help companies comply with FAS 133 with new hedging product.
Tech Alliances Power Retail Access to Bond Trading
Retail brokerage firms that are teaming up with e-commerce trading ventures contend that bonds will trade as easily as stocks.
In the World of Modernizing Code, Everything's Relativity
Vivek Wadhwa and his firm Relativity, with solutions to systems concerns.
Consumers Still Prefer Human Touch Over Net
While brokers are doing a better job than banks and insurers at providing clients with value in their online offerings, that's still not translating into consumer acceptance.
Web Sites Must Cater to Global Audiences
Financial service firms looking to do business globally need Web sites culturally attuned to their target market or they will offend the customers they are trying to attract.
Seeking Global Market for ETFs, AMEX and Euronext Agree to form a Joint Venture
Targeting retail and institutional investors who crave the power to trade different kinds of ETFs, the AMEX and Euronext have formed an alliance
Merrill Lynch Institutional E-Commerce Extends Relationship With Aptegrity
Merrill Lynch has decided to extend and expand its relationship with Aptegrity, a technology company used to manage its MLX Internet portal.
Reuters Unveils Mobile Computing Venture
Reuters is creating a mobile computing infrastructure to help address quality of service issues that prevent financial services firms from delivering mission critical trading applications over wireless devices.
NetRisk Releases Enhanced Operational Risk Product
In the battle against operational risk, NetRisk's latest version of its RiskOps product adds Monte Carlo simulations for calculating capital at risk.
BUY-SIDE BRIEFS
JP Morgan Investor Services announces their launch of a full spectrum of exchange-traded fund servicing capabilities; Netik announces the acquisition of Montclair Financial Technology; BISYS announces Antony D. Johnson as executive vp of its European mutual fund outsourcing business.
MARKET DATA BRIEFS
Bridge to file for voluntary bankruptcy under Chapter 11; VentureWire launches its VentureWire Index (VWIX), a daily update of overall venture capital investing; NewsFactor Network forms a content distribution agreement with CNBC.com.
RISK MANAGEMENT BRIEFS
Algorithmics announces two executive level appointments; KMV to expand its operations with the recent opening of KMV Asia KK based in Tokyo; BBVA Bancomer S.A. in Mexico City signs on to implement Kamakura's full market risk management software suite.
Electronic Trading Briefs
Archipelago and Transact Tools Inc. jointly creates and launches ARCA Cert; Tradescape Corp launches an institutional trading business; Cambridge Group Investments forms an alliance with QV Trading Systems.
Lehman Uses Animated Streaming in B2B Play
Lehmanlive.com maps its strategy for audio, video and animated streaming.
Integrating the Web Experience with Human Intervention
With the Web established as a solid vehicle to attract new clients, financial services firms are looking for ways to best capture new business coming to them through their Web sites.
VCs Look for More than a Good Idea in 2001
IT vendors seeking venture capital using a business plan based on a "big technology and big research and development spend" will find it tough sledding in 2001.
BOOK BONANZA
A book review on "Developing E-Business Systems and Architectures, A Manager's Guide."
The Pilferage Of Privacy?
A book review on "The Future of Financial Privacy," published by The Competitive Enterprise Institute.
AXA Offers Retirement Planning Portal
AXA Investment Managers creates a new transactional Web site for employees of client institutions.
Spending Strategies
IT Gurus Unveil Their Budget Plans For 2001.
Then and Now. ePit Taps Electronic Bond Trading Pro
Gordon Henderson joins ePit Technologies after selling his company, Bond Net.
New Options Clearing Corp CTO Outlines Challenges
Ro Kumarbecomes the new chief technology officer of the Options Clearing Corp
Imperial Technology Readies Latest Solid State Disk for Caching
Imperial Technology Inc. prepares to launch its fastest solid state disk to date with a 1U form factor configuration.
A Truly Global Market Place
A Contributed Piece by Rich Kelly, CEO, Wofex, Inc.
A Conversation with Chris Corrado
WS&T senior editor Robert Sales recently conducted a one-on-one interview with Chris Corrado, Merrill Lynch's CTO.
IT Challenge
The Challenge: Filling IT Positions. The hiring landscape still looks bleak, with the 850,000 IT jobs unfilled last spring expected to rise to 1.6 million by April 2001. To combat the growing predicament, Wall Street is looking overseas to outsource jobs.
As WAP Fizzles, Dresdner Jumps on GSM and iMode
WAP is losing one of its earliest champions in global finance.
SWIFT Establishes ISO 15022 Readiness Bulletin Board
The industry-wide prevalence of SWIFT makes a strong case that any firm wishing to stay in business must successfully complete the migration.
AIM Private Asset Management Uses CheckFree APL To Enter the WRAP Fee Business
Having launched only in September, AIM Private Asset Management does not have much to speak of yet in terms of assets under management.
How to Select a Trade Order Management System-Hermes Picks MacGregor
Hermes selects their ideal trade order management system.
All Eyes on the Market Data Horizon ... Reform is on its Way
The market data revolution has begun and some form of change is inevitable to reform the current system.
WatcherPlus and RediPlus Head Up List of Trading Systems at Pair of Direct-Access Brokers
Offer a variety of options and let the client decide which system best meets his or her needs.
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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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