Content posted in June 2013
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Broadridge and Scivantage Join Forces for Cost Basis Reporting
In a Wall Street & Technology exclusive, the CEOs of Broadridge and Scivantage discuss their new joint venture, the demands of compliance within operations and the eternal buy vs build debate.
Mobile First: TradeMonster Launches New iPad App
The new app reflects the bleak future of PCs and laptops on retail trading desks, and the soaring sales and consumer preference for tablets.
Could MF Global’s CIO Have Stopped Jon Corzine?
Regulators are not just bringing charges against Jon Corzine for nearly driving MF Global off the cliff, they're also looking at the broken brokerage’s assistant treasurer. Both may lose their license and never trade again. What does a CIO do if they know that things are not right inside a trading firm?
Gold Book Focus: Innovation And Leadership
Since the 2005 inaugural edition, 120 capital markets technology leaders have been tabbed as Gold Book Honorees. Who will be honored this year?
Can Bitcoin Solve Wall Street's Soft Dollar Problem?
Instead of CSA credits, Bitcoin provides a safe and transferable currency for soft dollars. Could it work?
Available Financial IT Jobs Decrease
According to trends seen on eFinancialCareers, available technology related jobs in finance have dropped since last year, while confidence in the industry increases.
Financial Firms Adopt Big Data As Defense Against Cyber Threats
Predicting where the next attack may come from in financial services hinges on analyzing huge volumes of data, such as market sentiment on Twitter.
Innovation in Financial Services Isn’t Dead — It’s Different
It’s not “build it and hope they come” innovation; rather, innovation in financial services involves connecting to networks and implementing technologies that exist today.
Bloomberg Tradebook Goes Self-Clearing
Bloomberg Tradebook chooses Broadridge Financial Solutions to minimize costs for clients.
In Fight Against Hacktivists, Financial Firms Need Layers of Security
Cybersecurity experts urge firms to upgrade firewalls and beware of disgruntled ex-employees.
First Allied Uses Visualization Tools for Financial Recommendations
Visual analytics helps financial advisors and portfolio managers make better decisions.
Canada’s New Aequitas Exchange: No HFT Allowed
In a direct jab at the Toronto Stock Exchange, RBC, Barclays and others are creating a new exchange that does not permit any high-frequency trading. Will it work?
A New Approach to Real-Time IT Automation
Financial services firms need to move away from point scheduling and to an architectural approach for IT development.
The Perils of Social Media: Hackers Target Linkedin Profiles
Finance and IT professionals prefer Linkedin as their social network of choice, but detailed profiles can invite hackers.
SIFMA Sets New Date for Quantum Dawn 2
Heavy interest from financial industry participants forced the delay of simulated cyber security exercise.
Next-Gen Buy Side Traders: Know Your Math
With the evolution of electronic trading into multiple asset classes, algorithms and micromarket structure, buy-side traders need quantitative skills to handle complex data sets.
Don't Fall Into The Technology Skills Gap
IT organizations are suffering from a skills shortage when it comes to newer, cutting-edge technologies, as well as older legacy systems.
IT Talent Retention Requires Shared Ownership
With good technology talent hard to find, a wealth manager finds innovative ways to reward and retain employees.
Wealth Manager Finds Growth With New OMS
Captrust Financial Advisors lays the foundation for future acquisitions by modernizing its order management system.
Transforming the Bank Through "Change Sourcing"
The Change Sourcing model can help banks make the business and technology changes they need to weather industry change, capitalize on industrialization, fuel return on equity growth, and drive development of new capabilities, products and services.
How C Programmers Can Accelerate Algos on FPGAs
C developers and FPGA hardware programmers don't necessarily get along, unless you can find ways to adapt code for hardware acceleration.
SIFMA May Delay Quantum Dawn Cyber Attack Simulation
Due to increased interest from banking industry participants, SIFMA may delay its planned June 28 cyberattack exercise.
Debating "The Great Rotation": Will it Lift Trading Volumes?
A shift from fixed income into equities is unlikely to lift trading volumes and brokerage commissions up to previous highs, according to a Greenwich Associates report.
Data Visualization Provider Panopticon Acquired By Datawatch
Panopticon, a data visualization provider with many clients in financial services, has been acquired by Datawatch.
Tradier Launches Cloud Brokerage In A Box on FinQloud, AWS
Running on Nasdaq OMX's FinQloud, Tradier's cloud brokerage solution could eliminate need for data center space for smaller financial providers.
DataArt Offers OPERA Risk Suite For Smaller Investment Banks
A partnership between DataArt and MongoDB will allow DataArt to develop and distribute a risk reporting suite designed for smaller investment banks.
10 Ways to Manage Conflicts of Interest on Your Broker-Owned Platform
Buy-side clients need to understand that when they trade on a broker-sponsored platform, they are paying for these systems, whether that payment comes in the form of commissions, licenses, or widened spread. Therefore, the most important thing the buy side should do is to think like a customer.
Managing Customer Relationships with Automated Reports
For wealth managers and financial advisors, it is always important to forge and maintain a healthy relationship with customers. Automated reports can help, but they need to be personalized.
What's Behind the CEP Buying Spree?
With an eye on big data and real-time analytics, Software AG and Tibco announced acquisitions of complex event processing rivals Apama and Streambase, respectively, in the same week.
Q&A: Market Surveillance Demands 20-20 Vision
Just because regulators are gaining an IT advantage in market surveillance it doesn't mean that broker-dealers can relax. If they want to avoid fines and keep their trading license, remaining vigilant against suspicious trades and compliance infractions is still Job One.
Chile, Latin America's Rising Star
Chile, although a smaller overall economy than Brazil, is growing quickly in South America and should not be overlooked.
3 Tips to Automate UDAAP Management
With the CSFB indicating it is taking a strong stand, financial firms need to make sure they do not end up taking on hefty UDAAP fines.
Educating the Buy Side: Off-The-Desk Learning
To learn about new products, buy-side traders can go for specialized degrees or take continuing education courses.
Swaps: The Next Frontier
Migration to electronic and multilateral trading in the swaps market will create myriad trading opportunities.
Trading Talent Disconnect on Wall Street: Is It Really a Lack of Qualified Workers?
If no one is investing in their employees or providing training, where will the next wave of talent come from?
Disclosing Dark Pool Volumes, Only A Matter of Time
A panel of Wall Street executives warmed up to the idea of reporting dark pool volumes on a monthly basis, as they debated U.S. equity market structure.
Clearing the Haze Around Financial Services Cloud Computing
Financial firms still need to overcome cloud regulatory and security concerns.
Financial Firms Are Investing In Their No. 1 Asset: IT Talent
Financial firms are improving their best asset, their employees, by training, retaining and nurturing from within.
Is Financial Services Innovation Dead?
Fear, regulation and tight budgets have reduced investment in IT innovation to unimaginable lows. Will technology innovation return to Wall Street?
SEC Fines CBOE $6M for "Systemic Breakdowns" in Oversight
The U.S. options exchange operator agreed to pay $6 million for failure to police short selling abuses and for interfering in the investigation of a member firm.
Executive Q&A: Raymond James' New CIO Discusses The Road Ahead
Vin Campagnoli seeks to make its platforms more adviser-centric by involving end users more frequently and earlier in the game.
Salary Survey: IT Pros Want More Than a Pay Raise
Salaries are up slightly, but employees want more challenge and engagement, according to our research.
Deutsche Bank Launches Autobahn Mobile
The bank's sales, trading and research apps will be accessible to corporate and institutional clients via the new mobile platform.
The Future of Corporate Actions Standards
Setting standards on transaction processing and how to communicate the status of financial events between banks and their customers is firmly within our control, and now is the time to take action.
Valuable Assets: Skimping on IT Training Is Costly
Employees need career development, training and more, but most companies fail to deliver adequate training once they’ve made the hire.
Telecommuting In Financial Services Is Here To Stay
Is telecommuting good for financial services workers? It depends on who you ask.
7 Must-Have Skills For Wall Street CIOs
Wall Street tech chiefs must hone a range of skills for leadership success.
Have We Hit Peak HFT?
The number of shares traded via high-frequency trading are down and politicians want to roll out a tax to serve as a speed bump. Some are wondering if microsecond dealings are poised to fade away.
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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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