Content posted in July 2001
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Instinet Sets Sights on Direct Access With Purchase of ProTrader
Eyeing a presence in the direct access market, Instinet has signed a deal to acquire ProTrader.
Prudential Securities Switches Market Data Providers
Prudential Securities brokers have critical market data needs just like everyone else. When the product they were using no longer made the grade, it was time to find one that did.
ELECTRONIC TRADING BRIEFS
Brut gears up for September launch of Brut Workstation-a direct access, front-end trading screen equipped with electronic connectivity to a host of Nasdaq and NYSE execution destinations; The Board of Trade Clearing Corp. names Dennis M. Murray to its board of governors and Michael Dawley its first vice chairman; ePIT launches the Interval Auction-designed to enable exchanges and institutions to conduct dynamic auctions that share that same price discovery techniques as traditional continuous ma
INVESTMENT MANAGEMENT TECHNOLOGY BRIEFS
SEI Investments Company and Vertical Management Systems to develop and market an Internet-based, fully automated, straight-through solution linking mutual fund automation tools with investment processing operations; Vanguard Group's DiStefano dead at 52; Selkirk Financial Technologies reports revenue growth of 34 percent for its fiscal year ending May 31, 2001; Financial Fusion says Thomson Financial's Sales and Trading Group selects Financial Fusion Server with GlobalFIX.
OPERATIONS BRIEFS
Managing director of global operations at Goldman Sachs named to the Board of Omgeo; SunGard Business Integration announces that the Singapore Exchange (SGX) will deploy the MINT Knowledge family of integration solutions.
Pershing Pushes Dow Jones Content out to its NetExchange Pro and iPartner Users
Users can access Dow Jones services directly from their order entry and account management systems.
Tokyo Futures Market Selects Liffe Connect For Electronic Trading
The Tokyo Futures Exchange plans to deploy a trading engine from Liffe and a clearance and settlement platform from Fujitsu.
Asset Manager Calls On Thomson To Green Light Its STP Plans
Asset managers across the land may feel confident about their STP plans, but Reams Asset Management decided that having a second set of eyes check things out couldn't hurt.
ELECTRONIC TRADING BRIEFS
Wall Street Access launches an online fixed-income trading platform; Eurex names Peter Reitz its new head of business development; The IntercontinentalExchange (ICE) experiences significant growth in the second quarter.
OPERATIONS BRIEFS
Canadian Depository for Securities Limited announces intention to provide Canada's securities industry with a plan to speed up clearing and settlement from T+3 to T+1; SmartStream signs and agreement with Sparkassen-Datendienst GmbH.
INVESTMENT TECHNOLOGY BRIEFS
SecuritiesHub LLC announces addition of Credit Suisse First Boston to its online community of financial institutions; Advent Software, Inc., says revenue for the second quarter ending June 30, 2001 increased to $41.9 million from $32.7 million in the same quarter last year; Mobius Management Systems, Inc., announces that KeyCorp has licensed Mobius ViewDirect.
RISK MANAGEMENT BRIEFS
eRisk to present next in its series of online risk management conferences entitled, "A Practical Case Study on Enterprise Risk Management;" Global Association of Risk Professionals (GARP) announces changes to its corporate governance structure.
MARKET DATA BRIEFS
The Financial Information Services Division (FISD) of the Software Information Industry Association (SIIA) appoints Bill Mangan associate director; Capital Access International integrates U.S. insurance company broker activity data into its eMAXX market data intelligence system.
Desperate for an Infusion of Cash, TradingLinx Teeters on the Brink
Without new resources, sources say, it is unclear whether the company will be able to stay in business long enough to see any revenue from its burgeoning efforts.
BSE Seeks Approval To Trade Nasdaq Stocks on Its Floor
Upon receiving regulatory approval, the Boston Stock Exchange plans to use Nasdaq-supplied technology to allow its market makers to trade Nasdaq stocks.
Thomson Launches First Call Broker Partners Program
Morgan Stanley is the charter member of First Call's program to seamlessly bring broker information to portfolio managers through the First Call site.
ELECTRONIC TRADING BRIEFS
Radianz signs deal with RediBook; GL Trade acquires Finsoft; Former Salomon exec. takes position at Nasdaq; International Securities Exchange names vp of marketing and business development.
RISK MANAGEMENT BRIEFS
eRisk presents next in its series of online risk management conferences on July 24; RiskMetrics Group releases new edition of its technical document.
MARKET DATA BRIEFS
eBridge and SinoSky partner to provide Bridge financial services over wireless technologies in Asia; VistaSource adds support for the TIB/Rendezvous messaging system within its Anyware RealTime analytical tools suite.
BUY-SIDE BRIEFS
Financial Fusion announces competitive upgrade program for current FIX engine users; Credit Suisse signs multi-million-dollar agreement with Reuters.
OPERATIONS BRIEFS
Thomson Financial acquires MIS Banking Systems; GSTP AG and axion4gstp announce successful run of User Acceptance Testing and the on-time launch of the GSTP pilot.
Vendors Flood CRM Marketplace
There is no shortage of CRM players in the marketplace, and sorting through the existing vendors can be an onerous task. To help your firm when shopping for a system, this story provides information on a sampling of vendors that specialize in CRM for financial services.
Beyond Contact Management, A look at the CRM Big Picture
Customer Relationship Management means many things to many people, but ultimately it can help you to better serve your customers and improve your bottom line. The Big Picture clarifies CRM while unveiling emerging trends, spending levels and how to measure your return on investment.
Users Say CRM is Worth the Effort
Salomon Smith Barney, Quick & Reilly and Fidelity Investments have all invested in a CRM system. Each sheds light on their strategy--whether they opted to build or buy and why and how, thus far, their CRM system has benefited their firm.
Going Global
Feeling the itch to go global or suffering the pains of having tried? Time zones, language barriers and system functionality are just a few of the roadbumps that block your push abroad. What every IT executive needs to know when the CEO says its time to leave the familiar comforts of the United States.
The Single-Stock Futures Puzzle
With exchanges forming new alliances, partnerships and a few standing on the sideline, discerning the future for single-stock futures in the U.S. is tough work, but the fact remains, they are on the way.
Ranking U.S. Vendors of Internet Brokerage Solutions
The focus of features and functionality of online brokerage solutions have changed drastically with market demand in the past year.
Will the Buy Side Offload their Back Offices to Custodians?
Buy-side firms pressured to change or buy new systems to create a STP environment enabling them to transition to T+1 in 2004.
Investments in B2B Electronic Bill Presentment and Payment on the Rise
Celent predicts growth in B2B electronic bill presentment and payment in the financial services arena.
AMEX Replaces Tibco Messaging Format with Talarian
With Its Quote Volume on the Rise, AMEX Calls on Talarian to Replace Tibco.
Deutsche Bank Adds Derivatives Functionality for Clients
Deutsche tries Derivatives.com for derivatives trading, analysis and risk management.
Voice-Response System Cuts Call Center Times
Call Interactive offers a new voice response product to help start a call center.
Tucker Anthony Sutro Improves Network Capacity with Enterprise Caching
In light of decimalization and increasing capacity, Tucker Anthony Sutro turns to Expand networks.
The Wireless Shakeout Hits Alerting Companies
Wireless firms are feeling the shakeout as several have shuttered their operations.
IT CHALLENGE
FS firms are starting to realize that creating an accurate securities master file can make or break your STP strategy.
CSC Helps Schroders Get Back to Business
Schroders decides it's time to let someone else worry about infrastructure.
STP Conference Report: Workflow Gains vs. Feeding Frenzy
Will STP really yield exorbitant benefits? Or is it a feeding frenzy for consultants and vendors?
Financial Services Data Aggregation
The race to deliver aggregated account information is on.
Draft Version of XML-based Market Data Language Released MDDL Aims to Standardize Market Data
The Financial Information Services Division (FISD) of the Software
Information Industry Association (SIIA) releases MDDL version 0.9, a draft
version of a new XML protocol for market data.
Cutter Picks FMC Man to Head European Operations
Buy-side tech-consulting firm Cutter Associates has appointed Jamie Durack to head its European Operations, hoping his experience in the vendor world will help set the firm apart.
CME Upgrades Handheld Technology, Ponders Wireless Version of CUBS
The CME takes steps to enhance its hand-held and deck management technologies.
MARKET DATA BRIEFS
Fame Information Services has released a new version of its software, Fame Version 9.0; Paul Caplin, CEO and founder of Caplin Systems has been awarded the Ernst and Young entrepreneur of the year award in the technology category for the London region; TimesTen Performance Software, a provider of real-time data management solutions, is providing Primex Trading with its TimesTen in-memory database.
RISK MANAGEMENT BRIEFS
Banca Commerciale Italiana (BCI) receives approval from the Bank of Italy to use internal market risk models; The Third Annual Global Risk Management Summit will take place July 25th and 26th in Chicago at the Hotel Inter-Continental.
ELECTRONIC TRADING BRIEFS
The New York Mercantile Exchange plans to launch its new Brent crude oil futures contract on Wednesday, Sept. 5 of this year; James Davison has been named worldwide president of Cargill Investor Services (CIS); Hotspot FX launches live trading of two additional currencies.
OPERATIONAL BRIEFS
FIX Protocol Ltd. and SWIFT announce an agreement under which the two organizations will seek convergence of their respective messaging protocols;
The Trustees of the British Coal Pension Schemes re-appoints JPMorgan Investor Services as its global custodian; SmartStream Technologies announces its participation in the IBM Straight Through Processing WorkBench.
INVESTMENT TECH BRIEFS
CheckFree Investment Services announces the departure of Senior Vice President, James (Jamie) Waller; KLM Pensioenfondsenkantoor B.V. licenses Princeton Financial Systems' PAM for Mutual Funds investment management and accounting system; Charles River Development announces the appointment of Rick Paoletti as the new Vice President of Professional Services.
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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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