Profile of Kerry Massaro

Blog Posts: 524

Citi Expects 66 Percent Drop in BlackBerry Use After Implementing BYOD Strategy

5/31/2012
Financial firms once supported only the BlackBerry, but now Apple's iOS and the iPhone and iPad are gaining momentum across the Street.

Is Wall Street IT Losing Its Luster?

3/27/2012
Technology execs are jumping to other industries, including Silicon Valley start-ups, consulting firms and technology providers.

Credit Suisse Launches Streaming Treasury Trading

1/31/2012

Thomson Reuters Eikon: What Went Wrong?

12/29/2011
Market observers say a confluence of factors have contributed to the sluggish start for Thomson Reuters' Eikon, the company's next generation market data desktop.

The SEC Registration Survival Guide

5/16/2011
As a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, most hedge funds have to register with the SEC by July 2011. Here’s everything funds need to know about registration and how to remain in compliance with SEC rules.

Catching Up with Portware’s Harrell Smith

8/2/2010
I caught up with Harrell Smith, Head of Product Strategy for Portware yesterday. We chatted about the world of high frequency trading, of course, as well as what Portware is working on in the coming months. The company has a lot on its plate and according to Harrell, has experienced 40% growth this year despite the woes that most other technology and trading firms are experiencing. That growth is coming from smaller proprietary shops as well as larger sell side institutions. In fact, Harrell sai

Sybase Working on Hedge Fund Analytics Solution

8/2/2010
Yesterday I was invited to lunch with John Chen, CEO, Chairman and President of Sybase. Greg MacSweeney, Editor in Chief of Wall Street & Technology and I, dined with him downtown at Harry's, where we spent a good hour and a half discussing Sybase's plans for the financial services vertical.

Fidelity Launches Liquidity Seeking Algos

8/2/2010
Jeff, Brown, Senior Vice President of Electronic Brokerage Services at Fidelity Capital Markets Services, stopped by our offices today to chat about some of his firm's new areas of focus. The newest innovation is their three new liquidityseeking algorithms. (Back in June, I had written that these were being developed when I wrote a story, and created a photo gallery of Fidelity's new New York trading floor

Big Changes at Buy-side Shops, Advanced Trading

4/6/2010
Major changes are afoot at many buy-side firms -- as well as at Advanced Trading, where Kerry Massaro has passed the torch to new top editor Cristina McEachern Gibbs.

Knight Capital Markets Attempts to Solve the Pain of Pairs

3/16/2010
Knight Capital Markets introduces a new pairs trading platform and pairs algorithms to help traders more effectively and more efficiently execute their pairs strategies.

Eurex Gets Regulatory Approval in Quebec

3/15/2010
Eurex will expand direct access to its products in a key North American market.

Thomson Reuters Expands Relationship with Data Consultancy

3/12/2010
Thomson Reuters Extends Relationship with Market Data Consultancy to Support Worldwide Strategic Hosting Solution

ConvergEx Offers Prime Brokerage Clients Commission Management Tech

2/24/2010
ConvergEx offers North Point clients commission management technology.

TradingScreen Expands Transaction Cost Analysis Capabilities

2/18/2010
The TCA services will be integrated into the TradingScreen infrastructure.

Orc Software Becomes Approved Technology Provider on DGCX

2/17/2010

BNP Paribas Securities Selects Asset Control for Reference Data

2/16/2010
BNP Paribas Securities Services has chosen Asset Control, a financial data management solutions, to provide a centralized data management platform for “golden copy” securities reference data.

Brady Adds Support for New LME Minor Metals Contracts

2/9/2010

Chi-X and Atrium Set Date to Launch Canada’s First Latency Network

2/9/2010
Low-latency ecosystem to provide trading participants with dedicated “dark fibre” connectivity to all displayed Canadian market centers from 151 Front Street data centre.

GAIN Capital Continues Asian Expansion with New Office in Hong Kong

2/2/2010
Company enters into white label partnership with Polaris Securities (HK) Limited, a subsidiary of one of Taiwan's largest securities firms.

Ohman Chooses Orc’s Algo Solution

2/2/2010
Ohman will use the platform new warrants and ETF trading desk

After a Lull, Algo Innovation Set to Heat Up in 2010

2/1/2010
Algorithm news may have seemed to quiet down, but many firms have been working hard behind the scenes, and now they are ready to make big changes this year.

Celeritas Deploys Ultra-Fast Algo Network

2/1/2010
Exponential-e connects Celeritas to FX markets in London and New York via ultra-fast network.

ELX Futures Sends Letter to CFTC Saying CME Statement on EFFs Misleading

1/28/2010

RBC Capital Markets Transforms Its Trading Floor

1/26/2010
RBC has built a new 700 seat trading floor that houses equity, options and fixed-income trading.

Celfin Capital Develops Electronic Trading Capabilities with Fidessa

1/25/2010
Celfin Capital Develops Electronic Trading Capabilities with Fidessa

MF Global Makes Key Hires to Expand Institutional Products, Plans to Sell Equity Interdealer-Broker

1/21/2010
MF Global Makes Key Hires to Expand Institutional Products, Plans to Sell Equity Interdealer-Broker

Chicago Pit Traders Coming to Hollywood in Floored?

1/20/2010
If you're in Chicago, you might be able to catch the last night of a week premier of Floored tonight, a movie about the near extinction of Chicago pit trading. The movie takes a look at the personalities behind trading and how electronic trading changed their world. I haven't seen the movie, but the trailer looks captivating. A Barron's column, by Steven M. Sears, describes it as: His camera captures lots of broken men. Some are deformed by the pursuit of money; others struggle to rei

ISE Expands its Suite of FX Options Products

1/20/2010

Algos Gone Wild

1/14/2010
Panelists debate whether an algo gone wild could bring down the market.

NYSE Technologies Launches a New Class of Liquidity Discovery Solution

1/14/2010
ioinet v2 aims to provide traders with new perspectives on IOIs and advertised trades.

Gelber Group Selects OneTick

1/11/2010
Chicago-based Gelber Group has selected OneTick, for tick data management and analytics.

RBC Assembles Key Management Team to Run E-Trading

1/7/2010
RBC assembles key management team to tun e-trading and roll out new trading products.

Mood of the Markets:Regret, A Powerful Motivator

1/6/2010
Denise Shull, CEO of The Rethink Group, and Advanced Trading's recent Buy Side Trading Summit keynote, discusses the mood of the markets on CNBC. Shull says that there is a mix of optimism and caution.

Deutsche Borse Uses Corvil for Latency Transparency

12/21/2009
Corvil to Provide Latency Distribution Statistics and Member Latency Ranking

Newedge Appoints John Fay as Head of Americas Region

12/16/2009
Newedge Appoints John Fay as Head of Americas Region

ConvergEx Expands ETF Execution Capabilities with Launch of Dedicated Desk

12/15/2009
ConvergEx Expands ETF Execution Capabilities with Launch of Dedicated Desk

Instinet Adds Three Independent Research Providers

12/14/2009
Alternative Energy Investing, Public Insight and Trusted Sources added to Instinet Access program.

SunGard Enhances FastVal Independent Valuation Service

12/9/2009
SunGard’s FastVal 3.0 provides financial institutions with transparency of the models and underlying market data used in the valuation.

Trading Cross HFT Team Commences Trading

12/8/2009
TXC plans to incubate five teams in 2010 and is in active discussions with several high frequency traders seeking to establish their own high frequency firm.

ISE, DB Sign Get New Fiber Optics Network

12/7/2009
RCN Metro's Financial Services Network Ring will Support ISE's New Trading System Migration.

ACTIV Financial Expands U.S. and European Operations

12/4/2009
ACTIV Financial Expands U.S. and European Operations to Equinix Singapore Data Center to Optimize Global Delivery of its Market Data Solutions.

NSX Monthly ETF Assets Reach New Record

12/3/2009
The National Stock Exchange’s assets in U.S. listed Exchange-Traded Funds and Exchange-Traded Notes totaled a monthly record of $752 billion in November.

Knight to Enter Global Carbon Markets, Hiring Traders

12/2/2009
The global capital markets firm has hired Dan Braun as head of carbon trading, who will build the business and hire additional traders.

ISE Announces Launch of Intraday Offering for Open/Close Trade Profile

12/2/2009
The new Open/Close Intraday File is available for beta testers for free through the end of the year.

Chi-X Europe Names Alasdair Haynes CEO

12/1/2009
Chi-X Europe Limited, operator of the largest pan-European equity multilateral trading facility (MTF), today announced the appointment of Alasdair Haynes as Chief Executive Officer, subject to standard regulatory approvals.

Chi-X Global Begins Application Process to Bring New PTS Platform to Japan

11/30/2009
Chi-X Global Begins Application Process to Bring New PTS Platform to Japan

Ten Take Aways from Our Trading Summit

11/18/2009
I just got back from Advanced Trading's fourth Buy Side Trading Summit. And although the event is off the record (no reporting using trader's or company names - a way to ensure the buy side feels free to open up -) I figured I'd share the top general takeouts from the event.

Citi To Extend Electronic Options Trading to Buy Side Clients

11/18/2009
Institutional Clients Can Now Access Citi's Market Leading Options Platform

Citi To Extend Electronic Options Trading to Buy Side Clients

11/18/2009
Institutional clients can now access Citi's options platform.

Bloomberg Enhances CMBS Tools

11/13/2009
Bloomberg has further enhanced its analytical tools for the CMBS market with the introduction of new capabilities that allow users to view more information around an issue based on detailed economic and interest rate conditions.

Palestine Chooses SMARTS Market Surveillance Solution

11/12/2009
Palestine Chooses SMARTS Market Surveillance Solution

Pricing and Valuation Services: The Search for Transparency

11/11/2009
Regulatory demand for increased transparency is driving firms to revisit and enhance pricing and valuation processes, often using vendor technology.

London Stock Exchange Crashes Again

11/10/2009
The London Stock Exchange crashed yesterday due to a technical problem related to a server. The outage affected one in twelve stocks for 40 minutes from 3:04 until the market closed. Check out this story on the outage.)

Tradar Appoints Gerry Gualtieri as Chief Executive Officer

11/10/2009
Tradar Limited today announced that Gerry Gualtieri has been named to serve as the company’s Chief Executive Officer.

Chi-X Europe Launches Chi-Delta Pricing Promotion

11/10/2009
Effective from today through the end of the year, Chi-Delta executions resulting from passive orders (non-IOC or FOK) will be charged 0.15 basis points, a reduction from the standard 0.3 basis points. Executions resulting from aggressive orders (IOC or FOK) will continue to be charged 0.3 basis points.

ConvergEx to Acquire NYFIX U.S. Transaction Services Business

11/9/2009
Acquisition Complements ConvergEx’s Advanced Execution Technologies; Expands Sell-Side Client Base

StreamBase Connects to Canada's Pure Trading

11/9/2009
StreamBase’s connectivity to Pure Trading reflects the exchange's goal of enabling the Canadian trading community to take advantage of cutting-edge trading technologies, while delivering cost savings and enhancing the competitiveness of the Canadian markets.

ICAP Launches New Data Service

11/9/2009
ICAP FIX is a comprehensive data service providing accurate and verifiable marks across an extensive range of ICAP market data.

HFT: A Natural Evolution?

11/4/2009
High-frequency trading did not spring up out of nowhere -- as the media coverage sometimes makes it seem -- but the practice's future holds many questions.

Sex, Jobs and High-Frequency Trading

11/4/2009
Staying ahead of the news isn't always just about the latest tech advancements or industry moves.

Hedge Funds’ Managed Accounts Assets to Rise 70%

11/4/2009
The focus on transparency, liquidity and flexibility are the primary drivers of the managed accounts phenomenon.

Tullett Prebon and Calypso Launch Correlation Service

11/4/2009
Tullett Prebon and Calypso Technology Launch service to help firms actively manage risk.

Patsystems Announces Connectivity to Taiwan Futures Exchange

11/3/2009
Patsystems has further extended its global reach by providing connectivity to the Taiwan Futures Exchange, TAIFEX.

Cantor Fitzgerald’s UK Completes Implementation of SunGard’s Phase3

11/3/2009
Phase3 Provides Cantor with a Consolidated Platform for US and UK Equities and Fixed Income Securities Processing.

Markit to Acquire Loan Settlement System

10/30/2009

Capco Expands Cap Markets Group to Meet Trading Demand

10/28/2009
Industry Experts Joe Anastasio and Michael Haworth to Co-Lead Group

ITG Testifies at SEC Hearing on Dark Pools, Etc

10/28/2009
Bob Gasser, CEO, of ITG is testifying today before the Senate Subcommittee on Securities, Insurance, and Investment Committee on Banking, Housing and Urban Affairs on the topic of dark pools, flash orders, high frequency trading and other market structure issues. His testimony can be read : https://www.itg.com/news_events/Senate_Testimony_102809.pdf

AmInvestment Selects SunGard for Risk Modeling

10/28/2009
Funds Management Division of AmInvestment Bank Group Selects SunGard’s APT for Multi-Asset Fund Risk Modeling, Analysis and Reporting

Stamford Risk Analytics Introduces New Approach to Enterprise Risk Management

10/28/2009
Ali Samad-Khan, a world-renowned expert in risk management, has announced the formation of Stamford Risk Analytics.

Inter-Pacific Securities Goes Live with SunGard’s GL Net

10/26/2009
Inter-Pacific Securities uses SunGard’s GL Net for direct market access to Malaysia

Madoff Workplace Allegedly Rife with Cocaine, Sex

10/22/2009
And the saga continues. CNN's Chloe Melas reports on a recent lawsuit filed by former Madoff investors claiming that "Madoff's workplace was rife with cocaine and sex." The 264-page law suit claims Madoff "financed a cocaine-fueled work environment and a "culture of sexual deviance."" The complaint alleges Bernard Madoff Investment Services was known by insiders as the ""North Pole", in reference to the excessive amount of cocaine use in the work place." The law suit also claims that "Madoff di

SEC Takes Dramatic Stance on Dark Pools with Rule Proposal

10/21/2009
In an SEC meeting today in Washington, D.C., the regulator proposed a new rule that ultimately aims to move flow out of the dark and into the lit markets.

TradingScreen Connects to BGC Partners’ eSpeed

10/21/2009
TradingScreen Connects to BGC Partners’ eSpeed

Schumer/Niederauer Call on Regulators to Create Level Playing Field for Dark Pools and Exchanges

10/20/2009
A media advisory from Senator Charles Schumer's (D-NY) office was released today announcing that he will hold a conference call with Duncan Niederauer, CEO of NYSE Euronext today at 12:30 to urge the Securities and Exchange Commission to institute a series of reforms to better regulate dark pools.

7ticks Expands Relationship with Telx

10/20/2009
New Chicago data center space offers Telx customers direct market access and ultra low latency connections via 7ticks network.

RiskMetrics Recomends NYFIX Stockholders Vote Yes to NYSE/Euronext Merger

10/18/2009
RiskMetrics Recomends NYFIX Stockholders Vote Yes to NYSE/Euronext Merger

Nasdaq OMX Announces New Listing Market

10/16/2009
The new market called BX is for companies that do not qualify for an exchange listing.

Shareholders Challenge Goldman’s Bonus Plans

10/15/2009
Shareholders challenge Goldman Sachs as it prepares to pay record bonuses; file shareholder resolution early.

Mid East I Bank Depoys Fidessa

10/15/2009
Middle East investment bank, EFG Hermes, joings Fidessa’s network.

DTCC To Relocate to New Jersey

10/14/2009
DTCC plans to relocated a significant portion of Northeast staff to New Jersey.

INDATA Offers Access to Fox River’s Trading System

10/13/2009
Integrates Fox River Algos and Execution Solutions with INDATA Precision Trading.

BOX Names New CEO

10/13/2009
The Boston Options Exchange (BOX) has named Tony McCormick as its Chief Executive Officer, effective immediately.

SunGard Provides Solution for Moroccan Securities Industry

10/13/2009
SunGard has enhanced GL RIMS to provide a solution for the Moroccan Securities Industry.

J.P. Morgan Launches New Depositary Receipt Solution

10/8/2009
J.P. Morgan introduces broker-dealer fee lock solution for depositary receipt issuance & cancellation

Penson's Letter To SEC On Matt Taibbi

10/7/2009
Check out this developing story on Penson Financial Services, which was accused of a serious securities law violation (approving a large naked short) by Rolling Stone columnist Matt Taibbi. Penson wrote a letter to the SEC denying any wrong doing. Here is a story that appeared in The Business Insider that recounts what happened. Why Penson's Letter To SEC On Matt Taibbi Changes Everything

SunGard Offers New Risk Reporting to Asset Managers

10/7/2009
SunGard extends asset arena offering to provide risk management and consulting services.

Chi-X Canada and IFS Introduce Historical Data Service

10/7/2009
Chi-X Canada and IFS Introduce Historical Data Service

UBS Investment Bank Expands Energy Banking Team

10/6/2009
UBS hires 18 investment bankers to expand energy banking.

StreamBase Releases Order Execution Strategies for HFT

10/5/2009
StreamBase Launches a new library of execution strategies for high frequency trading.

DirectEdge's New Data Center

10/1/2009
As DirectEdge plans to roll out two new next gen trading platforms, it sent the below note to it's users:

HSBC Renews Focus on Emerging Markets

9/29/2009
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

9/29/2009
ISE’s Portfolio of First Trust Advisors ETFs Now Exceeds $500M AUM

Northern Trust Enhances Online Risk Reporting

9/24/2009
Northern Trust’s tools provide risk attribution and VaR analysis.

SunGard Enhances Commodity Coverage

9/24/2009
SunGard’s Kiodex Real Time enhanced with expanded market coverage for commodity trading.

TradeStation Launches Prime Brokerage Services

9/24/2009
TradeStation launches prime brokerage division to capitalize on growing need of small and mid-sized hedge funds and investment advisers

TradingScreen Launches TradeSmart X

9/23/2009
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.

Bloomberg Tradebook Launches Soft Limits

9/21/2009
Bloomberg Tradebook Launches Soft Limits

Options IT Acquires Colo Biz from BNP Paribas

9/21/2009
Options IT Acquires Colo Biz from BNP Paribas

Chi-X Europe and Liquidnet Supernatural to Interconnect

9/21/2009
The collaboration between Chi-X Europe and Liquidnet Supernatural is expected to enhance liquidity discovery opportunities for clients of both firms by bringing together liquidity sources whilst allowing anonymous trading with minimal market impact.

BGC Partners Raises $10M+ on Charity Trading

9/18/2009
BGC Partners, an inter-dealer broker, raised over $10 million on its fifth annual global charity trading day.