Content posted in September 2009
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High-Frequency Trading On SEC's Agenda
The SEC, which already has proposed banning flash orders, says it will look into the fairness of high-frequency trading as well.
What Ails Us About High Frequency Trading?
Themis Trading's Sal Arnuk and Joseph Saluzzi sound off on three aspects of high frequency trading that are problematic.
Hyde Park Global Bets on Adaptive Models to Trade Arbitrage Strategies in Milliseconds
With no traders, only scientists, Hyde Park Global designs adaptive models to take advantage of short-term price inefficiencies.
Sophis Upgrades Risk Tools for Investment Managers
Includes a pre-trade simulation tool that allows investment managers to monitor the potential impact of a trade on portfolio exposure, risk scenarios and pre-trade compliance rules.
Integral Development Corp. Launches TrueFX
New FX portal will increase transparency and provide retail brokers with direct access to the interbank foreign exchange market.
Apama, CQG Launch Automated Execution for CQG Futures
Progress Software has released the latest version of its Progress Apama AutoEx for CQG Integrated Client (IC) with automated execution for CQG futures trading.
Krawcheck Sets Up Global Wealth Team at BofA
The Wall Street Journal leaked a memo this afternoon from Sallie Krawcheck, head of global wealth management at Bank of America, about the executives she has appointed to report to her.
We were glad to see that the two executives with whom we met recently to discuss their new wealth management platform, who were generous with their time and open and enthusiastic about their new
Software Polices Employees' Twitter, Facebook, LinkedIn Posts
Applies the same content monitoring, archiving rules to social networks as cover email and instant messaging.
Winters Leaves, Staley and Black Move Up at JPMorgan
Steve Black to become executive chairman and Jes Staley to become CEO and of the investment bank, Mary Callahan Erdoes appointed CEO of asset management.
Linedata Adds Counterparty Data to Portfolio Management
Hedge funds, portfolio managers investing in alternative products can see more clearly who they're dealing with.
Asset Management Firm Moving Apps to the Cloud
It started simply with Salesforce CRM, but Transparent Value has ambitious plans to move more applications to Salesforce's cloud.
Diane Schueneman Joins Capco's Board
As the former head of Merrill Lynch's Global Infrastructure Solutions group, Schueneman oversaw 16,000 employees in technology, infrastructure, client services and operations.
Breaking it Down: An Overview of High-Frequency Trading
Advanced Trading takes an in-depth look at high-frequency trading, from a basic definition of the trading style to the details on who is leveraging it and how much they're trading.
High-Frequency Trading Shops Play the Colocation Game
To shave milliseconds off their execution speeds, high-frequency trading firms look to capitalize on colocation strategies and other technologies to get close to exchange matching engines and reduce latency.
How High-Frequency Trading Became So Controversial
High-frequency trading has moved out of the shadows and entered even the average investor's vocabulary. How did it become so controversial, and what are the pros and cons of these trading strategies?
Edward Dumas Joins DST Global Solutions as Head of Risk Solutions for North America
Former State Street risk management executive joins DST Gobal Solutions to help grow the company's risk management business in North America.
HSBC Renews Focus on Emerging Markets
HSBC Asia-Pacific CEO Sandy Flockhart discusses the firm's management restructure in order to further develop the banks focus on emerging markets and China.
ISE’s Portfolio of First Trust Advisors ETFs Now Exceeds $500M AUM
ISE’s Portfolio of First Trust Advisors ETFs Now Exceeds $500M AUM
J.P. Morgan Offers Portfolio Construction Tool
Lets institutional investors and plan sponsors see which portfolios generate the best risk-adjusted returns.
Fidessa LatentZero, Ancerno Partner for Post-Trade TCA
Ancerno has partnered with Fidessa LatentZero to provide access to its Trade-Zoom post-trade application from Fidessa’s Minerva Order and Execution Management System (OEMS).
Citi, Microsoft Reportedly Forming Mint.com-Like Site
Bloomberg has reported that Citi and Microsoft are working together to build an online money management site like Mint.com, which recently agreed to be acquired by Intuit.
Patsystems Licenses Software to Brazilian Broker Flow Corretora
Patystems will provide Flow with complete a OMS, including direct market access to BM&F, the derivatives market, and risk management.
OpTier Monitors App Performance from Customers' Point of View
Monitoring software positioned near a customer site tells you how well your applications are working there.
Alphacet Extends Quant Solution to Europe with Lakeview Partnership
Alphacet has partnered with Lakeview Capital Market Service GmbH to broaden the reach of its Discovery straight through processing solution for quantitative strategy development and deployment.
Parisian Asset Management Firm to Use Imagine Portfolio, Risk Management
Mereor Investment Management and Advisor will use Imagine Software's Derivatives.com service.
Allianz Global Investors Distributors Mobilizes Microsoft Office SharePoint Server 2007 With Pyxis Mobile
Pyxis Mobile extends Microsoft Office SharePoint Server 2007 data and functionality to smartphones, including iPhone.
Trustee to Sue Madoff Kin
The trustee charged with recovering money for Bernard Madoff's victims says he plans to sue Bernard Madoff's brother Peter; his sons, Andrew and Mark, and niece Shana for negligence and breach of fiduciary responsibility.
Goldman Sachs in Tough Spot Over Bonuses
Goldman Sachs CEO Lloyd Blankfein recently denounced huge Wall Street bonuses. But there are reports the bank's own bonus pool has ballooned to near record levels this year.
U.K. IT Group Launches Green IT Certification
Brits plan to take their three-day course in green IT around the world.
TGIF: Hollywood Speaks Up for Insurance Execs; Obama on Letterman
A public service message supporting health insurance executives; President Obama delivers a few good lines on late-night TV.
Hollywood Supports Health Insurance Companies
This idea has been done before, but this public service ad, featuring Will Ferrell, Jon Hamm, Olivia Wilde and others is well executed. The actors point out that no health insurance executive should have to give up the private mini-zoo in his backyard.
Vendors Say Wall Street's IT Spend Down, Except Around Trading
The Aite Group has just completed a survey of capital markets vendor CIOs and identified some trends:
Kaufman Praises SEC Proposed Ban On Flash Orders, But Seeks Broad Review
Senator urges regulator to examine high frequency trading, colocation and dark pools, as well as direct market access.
Northern Trust Enhances Online Risk Reporting
Northern Trust’s tools provide risk attribution and VaR analysis.
SunGard Enhances Commodity Coverage
SunGard’s Kiodex Real Time enhanced with expanded market coverage for commodity trading.
Walking a Tightrope: Financial Reform Options
Whatever does happen, Congress faces a mid-term election in 2010. So far, lawmakers have been all talk and no action on financial regulatory reform. Will voters be content with a lot of blather and little action when the elections come around?
TradeStation Launches Prime Brokerage Services
TradeStation launches prime brokerage division to capitalize on growing need of small and mid-sized hedge funds and investment advisers
Bloomberg Uses GPUs to Speed Up Bond Pricing
Two-factor model for calculating hard-to-price asset-backed securities now runs on graphics processing units paired with Linux servers.
Lighthouse Financial Launches Global Portfolio Trading Platform
Lighthouse hires team of eight professionals away from JP Morgan Chase, to handle algorithmic executions for buy-side clients.
Hydropower Project Proposed for NYC
Researchers at the New Jersey Institute of Technology and GRO Architects have designed a network of hydropower turbines that would sit on floating docks in the East and Hudson Rivers and generate electricity for New York City, according to LiveScience.com.
Russia's Markets Making A Comeback
But challenges remain to doing business in the former Soviet Union, says Josef Schroeter, president of CQG.
TradingScreen Launches TradeSmart X
The new TradeSmart X integrates into a single interface major functionality enhancements for liquidity access; execution management; cross-asset class trading and reporting delivered with a new look and feel.
Samsung Securities Live on Fidessa Asian Trading Platform
Samsung Securities Company has gone live with Fidessa’s Asian trading platform for its new Asian investment banking operations in Hong Kong.
Half of Madoff Investors Lost Nothing, Daily News Says
The Daily News dropped a bombshell this morning: the paper says that according to prosecutors' federal court papers, half of the victims of Bernard Madoff's Ponzi scheme were not victims at all, in fact they profited from the scheme.
Trading Technologies Launches New Spread Trading Engine
Trading Technologies International has released its Autospreader Strategy Engine (SE), a server-based implementation of its Autospreader application for spread trading.
Could Social Networks Help Risk Managers?
Why current risk models and practices don't work, and whether risk managers will be willing to share ideas in open forums.
Peak6 Investments Deploys FlexPTS for Intra-Day Optimization
FlexTrade tailored FlexPTS for Peak6' s ultra-fast hedging and rebalancing instead of portfolio trade scheduling.
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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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