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News & Commentary
Content posted in November 2005
The Sins of the Few
Commentary  |  11/18/2005  | 
The equity research model is not only broken, it is destroyed. In trying to clean up the research process, we have thrown out the baby with the bath water.
Keeping Tabs
News  |  11/18/2005  | 
Noll New Pioneer CIO
News  |  11/18/2005  | 
Pioneer Investment Management USA hired Peter Noll as SVP and CTO. He will report to EVP and COO Mark Goodwin.
Back Joins Citigroup GTS
News  |  11/18/2005  | 
Ken Back has joined Citigroup Global Transaction Services as managing director of strategic solutions for the Europe, Middle East and Africa region (EMEA).
Framke Promoted to E*Trade CIO
News  |  11/18/2005  | 
Greg Framke, formerly executive vice president of E*Trade Financial Corp., has been promoted to E*Trade's CIO.
Impact’s Retirement Road Map
News  |  11/18/2005  | 
Impact Technologies Group (Charlotte, N.C.) launched its Retirement Road Map sales system, which assists financial advisers in retirement planning for baby boomers.
BPG Goes To the OPERA
News  |  11/18/2005  | 
Basis Point Group (BPG) introduced the Operation Performance Evaluation and Risk Assessment (OPERA) methodology, a quantitative approach to operational improvements that extends the company's financial services market benchmarking framework, according to the firm.
Fixed-Income Analytics
News  |  11/18/2005  | 
Merrill Lynch (New York) unveiled a new fixed-income analytics and data tool, MLXport, which currently is available to select institutional clients as a download.
BPM: It’s All About Efficiency
News  |  11/18/2005  | 
No financial services firm has yet developed a silver bullet for the competitive challenges looming in this highly competitive industry.
On-Demand Is in Demand
News  |  11/18/2005  | 
On-demand computing offers Wall Street firms more-efficient utilization of technology resources and added flexibility.
CIO Challenge: Business Process Outsourcing
News  |  11/18/2005  | 
As Wall Street firms reevaluate their core competencies, once-strategic business processes are now being outsourced. But deciding which processes to outsource and managing the provider relationship remain critical to success.
Filling the Tech-Talent Pipeline
News  |  11/18/2005  | 
To ensure the future of their technology organizations, some Wall Street firms are promoting IT careers.
Credit Derivatives Fears
News  |  11/18/2005  | 
Both the Federal Reserve Bank of New York and the U.K.'s FSA are pressuring market participants to improve credit derivatives processing.
Transition Management Evolves
News  |  11/18/2005  | 
Global custodians and index fund managers are using electronic trading and risk measurement tools to compete with the sell side.
E-Mail Contention
News  |  11/18/2005  | 
Broker-dealer Raymond James Financial Services did what few other firms have done: fight SEC allegations - and win.
Scottrade Upgrades Active Traders to Nasdaq’s TotalView
News  |  11/18/2005  | 
Active traders clamoring to see all stock liquidity beyond the best bid and offer could push retail brokerage firms to deliver depth-of-book order feeds on their trading platforms.
Direct From the Source
News  |  11/18/2005  | 
Brokerage firm eSpeed Equities taps direct ECN order book data feeds through a hosted solution.
Workstation Vendor Ratings
News  |  11/18/2005  | 
When it comes to broker workstations, Boston-based Aite Group reports a highly competitive market in which both small and large vendors are scrambling to meet the changing needs of the financial adviser workforce, with a focus on compliance, control, commissions, customers and competition.
Stronger Authentication
News  |  11/18/2005  | 
Single-factor authentication is insufficient for online financial services, according to the Federal Financial Institutions Examination Council (FFIEC).
Future Connectivity
News  |  11/18/2005  | 
The future of financial markets communications will be shared networks, according to a new report from TABB Group.
Crossing Networks Attract New Entrants
News  |  11/18/2005  | 
With all the buzz around crossing networks as a means of searching for hidden liquidity, two new contenders are eyeing the space dominated by Liquidnet, POSIT and Pipeline Trading Systems.
The Data Integration Challenge
News  |  11/18/2005  | 
Data integration remains a major challenge for corporations, according to a recent report by The Data Warehousing Institute (TDWI) that evaluates the progress of data integration strategies and the IT challenges associated with implementation.
Acceleration and Consolidation on Tap for Financial Markets
News  |  11/17/2005  | 
NYSE and Citigroup expect dramatic shifts and realignment in the financial markets in the next few years, say speakers at a recent BT Radianz event.
Online Businesses Step Up Their Authentication Services
News  |  11/17/2005  | 
Worries are growing that online ID-theft threats will hinder electronic banking
HedgeOp and Backstop Partner to Create Hedge Fund Compliance Platform, and more
News  |  11/17/2005  | 
HedgeOp and Backstop Pair Their Solutions for Hedgies, F. Van Lanschot Implements New Platform
JPMorgan Launches New Service, Citigroup: Seperately Managed Accounts on the Rise, and more
News  |  11/17/2005  | 
JPMorgan WSS Gets Into Fund Administration, Citgroup Survey Shows SMAs Growing in Popularity, Panopticon Partners With Business Architects
Pacific Exchange Switchs to Windows for Clearing and Billing, New Corporate Actions Systems All Around
News  |  11/17/2005  | 
Pacific Exchange Migrates Systems from Mainframe to Windows, Credit Suisse Asset Management Selects New Corporate Actions System, DTCC Reengineers Underwriting and Corporate Actions
AG Edwards Goes Live with SunGard-Portware Program Trading Application
News  |  11/17/2005  | 
AG Edwards Goes Live with SunGard-Portware Program Trading Solution, EdgeTrade Launches Sumo Algorithm, Money Management Group Chooses Aspen Hedge, Random Walk Develops Gateway to CME Market Data Platform
Rising Equity Stakes
News  |  11/17/2005  | 
Despite stock market declines in recent years, institutional investors increased their equity ownership in U.S. markets.
Growing Pains
Commentary  |  11/17/2005  | 
During the bearish economy after the dot-com bubble burst, information technologists were faced with a grim job market - jobs were hard to find, partially as a result of offshore outsourcing, and the ones that were available paid significantly less than jobs at the height of the boom.
Trading Newsflashes: NYSE Members File For Injunction on Merger, Tokyo Stock Exchange Explains Trading Suspension, and more
News  |  11/10/2005  | 
NYSE Members Request Injunction to Delay Merger With Archipelago, Tokyo Stock Exchange Explains System Malfunction, Transaction Cost Analysis to Become a Common Trading Tool, Futures Market to Receive Direct Market Access
Investment Management Newsflashes: John Hancock Sticks With Financial Profiles, Lowe, Brockenbrough Using Advent for Portfolio Management, and more
News  |  11/10/2005  | 
Financial Profiles Secures John Hnacock Contract for Three Years, Lowe, Brockenbrough Chooses Advent Portfolio Management Applications, CFA Institute Opens CGIPS Enrollment Online
Operations Newsflashes: London Stock Exchange Using Xcitek, ADP Wins CIPA Award and more
News  |  11/10/2005  | 
LSE Will Deliver Corporate Actions With Xcitek XSP, ADP's Smart Prospectus Wins Customer Care Award
Compliance Newsflashes: London Firms Not Ready for MiFID, Asset Managers Invest in Compliance
News  |  11/10/2005  | 
London Financial Community Ill-Preapared for MiFID, Asset Managers' Compliance Spending Grows
Merrill Lynch Embraces SOA
News  |  11/8/2005  | 
The financial services firm is partnering with SOA Software and IBM Global Services to build a service-oriented architecture.
Trading Newsflashes: NYFIX Stock Is Delisted From Nasdaq NMS, and more
News  |  11/3/2005  | 
NYFIX Stock Is Delisted From Nasdaq NMS, JP Morgan Unveils TAO for Portfolio Trading, Investment Banks Distribute Trade Ideas via Centralized Web Hub, UBS Chooses Reuters Wireless Delivery System
Operations Newsflashes: China Securities Depository and Clearing Corporation Selects Teradata for Data Warehousing, and more
News  |  11/3/2005  | 
China Securities Depository and Clearing Corporation Selects Teradata for Data Warehousing, Bailard Selects INDATA, Xcitek Gets UMB Bank, and ING Announces Downsizing and Outsourcing
Investment Management Newsflashes: UBS Subscribes to Reuters Wireless, Pentegra Offers Administrative Outsourcing, and more
News  |  11/3/2005  | 
UBS Subscribes to Reuters Wireless Service, Pentegra Offers Administrative Outsourcing for 401(k)s, Charles River Testing New Fixed Income Tool
Compliance Newsflashes: Searchspace Improves AML Software, Harvard to Hold Tech Negotiation Seminar
News  |  11/3/2005  | 
Searchspace Releases Version 5.0 of its Anti Money Laundering Software, Harvard Announces Seminar on Technology Negotiation
NYSE Rolls Out Hybrid Training Program
News  |  11/1/2005  | 
If approved by the Securities & Exchange Commission, the NYSE’s Hybrid market will begin rolling out toward the end of this year.

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