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Sun And J.P. Morgan Chase Forge Technology Alliance The companies will work to develop advances in grid computing, data archiving, and vitualization in the data center that will run on Sun's Solaris 10 operating system.
Calyon Tackles Basel II With New ORM Software Basel II is changing the way financial institutions look at operational risk, according to a recently released whitepaper by McLean, Va-based business consulting firm BearingPoint.
Electronic Trading Newsflashes: Eze Castle Launches Algorithmic Trading Framework, and more Eze Castle Launches Algorithmic Trading Framework, Nasdaq Announces Free Routing of Exchange-Listed Stocks to NYSE via Brut Router, Westcom Acquires Global Crossing's Trader Voice Business, Cameron Systems Opens Shanghai Office
Operations Newsflashes: NYBOT Joins Business Continuity Planning Network, and more NYBOT Joins Business Continuity Planning Network, Freddie Mac Taps Mellon Operations Executive, HVB Americas Completes, Deployment of SeeBeyond Integration Platform, Calypso Names Ex-PeopleSoft Financial Guru to its Board
Investment Newsflashes: Causeway Goes Live on Eagle’s Investment Management Solutions via Eagle ACCESS, and more Causeway Goes Live on Eagle's Investment Management Solutions via Eagle ACCESS; Société Générale Private Banking Implements Odyssey's WUI; NorthStar Announces a Suite of Enterprise Advisory Solutions
Compliance Newsflashes: Keeley Asset Management Selects Financial Tracking for SEC Compliance, and more Keeley Asset Management Selects Financial Tracking for SEC Compliance, Travelex Selects Norkom Technologies' Anti-Money Laundering and Compliance Software, AOL Chooses FaceTime for Instant Messaging Security and Management
Wireless Spec Gaining Traction In Financial Services Some financial firms see promise in the emerging 802.11i security specification for wireless networks.
Lax IT Security Threatens Theft Of Personal And Other Sensitive Data From Government Systems The Securities and Exchange Commission hasn't effectively implemented IT controls to protect the integrity, confidentiality, and availability of its financial and sensitive data, congressional auditors find.
SunGard Data Systems Puts the Company Up for Sale SunGard Data Systems is discussing a potential sale of the company to a group of private equity investors. Industry sources predict the potential buyers will sell off pieces of the financial software and services conglomerate.
Wall Street Execs: Linux is Here to Stay Wall Street IT executives tend to get more money to experiment with emerging technology than those in many other industries, and they've been among the leaders in adopting the Linux operating system, grid computing, and services-oriented architectures.
Electronic Trading Newsflashes: DrKW Taps FFastFill to Run Direct-Market Access to Futures and Options Exchanges, and more DrKW Taps FFastFill to Run Direct-Market Access to Futures and Options Exchanges; CME Upgrades Handhelds to Grow Electronic Options Markets; Tick Data Expands Historical Data Coverage to London Stock Exchange; Thomson Provides Access to CSFB's AES Suite of Algorithms via AutEx; Schwab Cuts Options Trading Fees
Investment Management Newsflashes: LVM Chooses SimCorp Dimension for Asset Management, and more LVM Chooses SimCorp Dimension for Asset Management; SunGard Releases InvesTier Version 3.0; Montrachet Capital Management Supports Launch of New Fund, D3 Partners
Patent Litigation: Legalized Blood Sport Am I nuts, or are today's patent litigation issues totally out of control? Since when does our industry allow technology vendors to take out method patents that curtail innovation and hold both firms and the global financial markets hostage?
Shifting Gears: Gibson to Head Tech, Ops at NYLIM Gibson to Head Tech, Ops at NYLIM; FISD Makes Exec Appointments; Deutsche Bank Reorganizes
Interacting With Algorithms Miletus Trading, a quantitative broker that specializes in algorithmic trading, introduced a Web-based interface that enables buy-side traders to interact with the broker's algorithms.
Making the CIO’s Role Viable Managing hundreds of IT projects is no easy task, but strategies such as project portfolio management (PPM) can ease the burden on CIOs.
Two Worlds Come Together As voice and data converge, Wall Street sees opportunities for Voice over Internet Protocol, but the technology is no slam dunk.
Internal Auditors Traditionally, internal auditors have been feared by IT organizations. But, rather than view auditors as foes, technology executives must learn to embrace auditors' expertise.
Wellman Northern Trust's virtual family office is working to change the way affluent families manage their money.
Different Sides of Compliance Compliance experts from both the buy side and sell side share their firms' top priorities for 2005 and technology's role in achieving them.
Operations Newsflashes: Omgeo Promotes Ball-Toncic, and more Omgeo Promotes Ball-Toncic; LaSalle Bank Expands Xcitek's XSP License for Corporate Actions; FMCNet Joins SWIFT Network for Securities Messaging; Lupus alpha Picks ADP Wilco's SWIFT Service Bureau
The Evolution of Outsourcing As investment operations outsourcing begins to take hold in the U.S. financial services industry, the service model is changing.
Don’t Believe the Hype When it comes to President Bush's plan to privatize Social Security, the potential gains aren't as great as you might think.
https://www.informationweek.com/ As hedge funds increase their use of direct-access trading, prime brokers may be assuming more intraday risk.
Dear CIO... Is data latency as big an issue for institutional traders as it has been made out to be? What is Lehman Brothers doing to avoid data latency issues?
FX Market Adopts E-Trading Platforms Sixty percent of the $621 billion inter-dealer market for global spot foreign exchange is traded electronically and that figure will increase to 90 percent in 2007, according to Celent Communications.
Baby Boomers Provide Retirement Planning Advice For Themselves A recent survey by Chicago-based financial services firm Northern Trust reveals that, while baby boomers are planning for retirement, many are doing the planning without the assistance of professional advisers.
IT Budgets Looking Up For U.S. securities and investment firms, 2005 marks the end of cost cutting and tight IT budgets, according to a report by the new Boston-based research firm Aite Group.
Taking Risks Credit risk management hasn't been a hot topic in the securities industry since the fall of Enron.
SunGard Data Systems Says It's Being Shopped A group of private-equity firms is negotiating a buyout of the financial- and data-backup-services company.
Compliance Newsflashes: NASD Hosts Compliance and Technology Conference, and more NASD Hosts Compliance and Technology Conference; Providus and FileNet to Integrate Operational Risk Management Solution and Content Management Platform
Financial Firms Put Technology To The Test Wall Street looks to Linux, grid, and services-oriented architecture to up performance
SEC Increases IT Investments The Securities and Exchange Commission (SEC) is getting a face-lift, and technology is playing a central role in its transformation. According to a recent report by Needham, Mass.-based TowerGroup, the SEC IT budget for 2005 -- $113 million -- is 2.5 times that for 2002.
Trading Briefs: MarketXS Releases MarketXSPro Version 2.6.2, and more MarketXS Releases MarketXSPro Version 2.6.2; GL TRADE Offers Service Bureau Connectivity to the IPE; CME Reaches All-Time High of 3.8 Million Contracts Traded Electronically; Instinet Joins With LatentZero to Offer Algorithmic Trading Services
Investment Management Newsflashes: Model Portfolios Selects FMC Suite for STP, and more. Model Portfolios Selects FMC Suite for STP; Albridge Solutions and DST Vision Provide Connectivity for Efficient Data Management and Reporting; Pioneer Investment Management Goes Wireless With Pyxis
Compliance Newsflashes: The Dreyfus Corporation Chooses BCL Technologies’ SECPublisher to Automate SEC Filings, and more. The Dreyfus Corporation Chooses BCL Technologies' SECPublisher to Automate SEC Filings ; Protiviti and Tibco Introduce Integrated SOX Compliance Solution
Operations Briefs: KGI Signs for ADP Wilco’s Gloss Platform in Asia Pacific, and more. KGI Signs for ADP Wilco's Gloss Platform in Asia Pacific; DTCC Officially Opens New Southern Business Center; Phase II of Global Clearing Link to Enhance Eurex's Global Distribution Through Eurex US; CCorp Requests CFTC Approval for Phase II of Global Clearing Link With Eurex Clearing; EMoney Advisor Expands Functionality With AdvisorPlatform 4.0
The International Securities Exchange Goes Public All eyes are on the industry's first electronic options exchange as other exchanges ponder going public. In an interesting twist, the ISE chose to list its shares on the New York Stock Exchange, a floor-based market.
Electronic Trading Newsflashes: ITG Integrates Its Algorithms and Crossing Networks With ESP’s DMA Network, and more stories ITG Integrates Its Algorithms and Crossing Networks With ESP's DMA Network; DrKW to Provide Electronic Book-Building System; Wombat Delivers Five Feed Handlers for Direct-Access to Exchanges; INET Phases Out Nasdaq's Act for Risk Management and Clearing; BT Acquires Radianz From Reuters
Investment Management Newsflashes: Sandler O’Neill & Partners Selects LexisNexis InterAction for CRM, and more Sandler O'Neill & Partners Selects LexisNexis InterAction for CRM; Rudderham Norwood Ellison Goes Live With FMCSuite and FMCOutsourcing for Back-Office administration
Compliance Newsflashes: UMB Bank Selects Financial Tracking Technologies for Mutual Fund Compliance, and more UMB Bank Selects Financial Tracking Technologies for Mutual Fund Compliance; SEC Extends Compliance Dates for Non-Accelerated Filers and Foreign Private Issuers
Operations Newsflashes: The Clearing Corporation Names Futures Veteran to Board, and more The Clearing Corporation Names Futures Veteran to Board; German Bank Goes Live With Algo Collateral; Corporation of Lloyds Signs Outsourcing Agreement With ADP Wilco's Tarot
Pivot And AIM Turn Instant Messages Into Instant Stock Trades Pivot becomes certified AOL licensee, ensuring system integrity whenever AOL changes its technology.
Reuters Sheds Bridge Trading in Sale to Instinet Group Reuters is selling Bridge Trading to Instinet Group, its electronic brokerage subsidiary, as part of a strategy to shed non-core assets. The deal could groom Instinet for sale, says an analyst.
Boston Stock Exchange Moves Ticker App to Linux For the Boston Stock Exchange to remain competitive, its ticker-processing software must provide brokers with a constant feed of data. If this flow of information wavers, traders lose out.
Electronic Trading Newsflashes: TNS Adds MIXIT OMS to the Electronic Trading Mix, and more stories TNS Adds MIXIT OMS to the Electronic Trading Mix; ADP Brokerage Services Connects to Archipelago Exchange; FXall Opens Boston Office to Target Asset Managers; Thomson AutEx Integrates AOL Messenger Into Thomson ONE desktop
Investment Management Newsflashes: Portfolio Director for Advisors Interfaces With TD Waterhouse and Ameritrade, and more Portfolio Director for Advisors Interfaces With TD Waterhouse and Ameritrade; BISYS Expands Relationship with JO Hambro Investment Management; Bank Thai Selects DSTi's HiPortfolio for Custodian Business
/news/showArticle.jhtml?articleID=201800968 Study Finds Provisioning Is Key Control for SOX Compliance; Tideway's IT Configuration Management Solutions Target U.S. Investment Banks; RSM McGladrey Says IT Security Biggest Risk for Financial Institutions; Euroclear Selects Norkom's AML Solution
Operations Newsflashes: CSFB Picks DTCC’s Corporate Actions Service, and more CSFB Picks DTCC's Corporate Actions Service: SunGard Futures Expands GMI for Derivatives Processing
The Battle Over Index Options An industry source reminded me recently that major events happen in the financial industry for three reasons: fear, greed and regulation.