News & Commentary
Content posted in June 2011
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The Incredible Shrinking Data Center
Commentary  |  6/30/2011  | 
Faced with cost pressures and a general decline in revenues, financial firms are turning to new technologies and strategies that are moving applications out of traditional data centers.
Wall Street Layoffs: Round 1 Begins
Commentary  |  6/30/2011  | 
The main culprits are weak markets, European debt worries and regulatory uncertainty.
Specialized Clouds Will Be a Tough Sell in Other Industries
News  |  6/30/2011  | 
NYSE's cloud service for Wall Street firms is seen by some as the start of on-demand computing tailored to the needs of different industries. But NYSE might be the exception.
Private Equity Wants HP on a Diet
News  |  6/30/2011  | 
Private equity firms Blackstone Group, Kohlberg Kravis Roberts and TPG Capital would like HP to break up and sell some of its units.
Paulson Gets More Time for Bankrupt Hotel Payoffs
News  |  6/30/2011  | 
The hedge fund acquired the equity in the hotels from Morgan Stanley Real Estate in a foreclosure auction in January.
Thailand's Bourse Partners with Cinnober
News  |  6/30/2011  | 
Cinnober will deliver trading, market data, and surveillance systems for Thai bourse's equities and derivatives markets
LSE, TMX Abort Merger Plans
News  |  6/29/2011  | 
After a hostile takeover attempt, the Canadian exchange may now remain in the hands of local banks.
As Latin American Markets Heat Up, Omgeo Partners With DCV In Chile
News  |  6/29/2011  | 
Currently, the majority of Chilean post-trade, pre-settlement processes for international transactions are not fully automated.
Polish Broker Chooses Sungard's Valdi OMS
News  |  6/29/2011  | 
Erste Securities Polska will use the OMS to connect with the Warsaw Stock Exchange, and help it manage complex client order flows.
CME Study Claims HFT Reduces Price Swings
News  |  6/29/2011  | 
The futures exchange operator conducted research over a two-year period, finding that computer-driven trading firms increase liquidity and narrow spreads.
06.28.11 How Seriously Is Wall Street Taking Dodd-Frank?
06.28.11 How Seriously Is Wall Street Taking Dodd-Frank?
Wall Street & Technology Videos  |  6/28/2011  | 
As the first anniversary of the Dodd-Frank law approaches, Phil Albinus, editor of Advanced Trading, asks Tabb Group CEO Larry Tabb how seriously Wall Street firms are taking the new regulations.
Boutique Agency Broker Offers Lessons in Diversification
Commentary  |  6/28/2011  | 
Direct Access Trading Partners juggles multi-asset execution with alternative capital group, while complying with new trade reporting regs.
Thomson Reuters Teams Up With ITRS For Infrastructure Management And Monitoring
News  |  6/28/2011  | 
The partnership will enable users to reduce the complexity of managing their distributed applications, Thomson Reuters said.
UNX Partners With INTL Trading for Latin American Markets
News  |  6/28/2011  | 
Both firms will develop e-trading tools for the Mexican and Latin American markets for deployment through the UNX Catalyst EMS.
Q&A with Bart McDonough: The Cost of Compliance
News  |  6/27/2011  | 
Agio Technology chief executive Bart McDonough explains which platforms companies are going to need to comply with new regulations and why these changes will cost more for smaller hedge funds.
Why You Should Adopt the Cloud
News  |  6/27/2011  | 
Leading financial services firms are integrating the cloud into their IT strategies. Here's why you should, too.
American Portfolios Dives Into the Cloud
News  |  6/27/2011  | 
American Portfolios begins its cloud journey with email archiving and compliance by LiveOffice.
The Rise of Cloud Regulation
News  |  6/27/2011  | 
Regulators will look closely at cloud security, global regs and service provider liability issues, among other concerns.
Cloud Computing: Just When You Thought It Was Safe
Commentary  |  6/27/2011  | 
While the business case for cloud computing is compelling, availability is a concern, and Wall Street firms are likely to keep to private clouds for transactional infrastructure, writes Larry Tabb.
Cloud Economics Spawn New Business Models
News  |  6/27/2011  | 
As Wall Street firms offload more and more work into the cloud, new technology delivery models, including shared utilities, are likely to emerge.
Cloud Economics: The Business Case for Cloud Computing Is Getting Harder to Ignore
News  |  6/27/2011  | 
Looking to shed the cost maintaining servers, networks and storage technology, Wall Street firms are finding it harder and harder to ignore the cloud.
Ease The Way for Smaller IPOs
News  |  6/27/2011  | 
Ex-Citi VP Charged With $19M 'Inside Job'
News  |  6/27/2011  | 
A former vice president in Citi's treasury finance department was charged with embezzling after his arrest at JFK Airport.
Get FATCA Right With Smarter Use of Technology
News  |  6/27/2011  | 
How can firms adapt their IT systems to meet the disclosure requirements imposed by FATCA without incurring excessive costs or disrupting the flow of business?
OneMarketData Partners With Columbia Business School For Quantitative Finance Research
News  |  6/27/2011  | 
The provider of tick data management and analytics will support the school's research.
J.P. Morgan Ranked No. 1 for Research by Buy Side Analysts
News  |  6/27/2011  | 
Morgan Stanley and Credit Suisse tied for third place in Greenwich Associates Survey.
BoFA Merrill Lynch Expands Partnership with FXall
News  |  6/27/2011  | 
The firm will become a clearing broker on FXall's Order Book platforms aimed at institutional clients executing in spot FX.
Misys Confirms Takeover Offer
News  |  6/24/2011  | 
Goldman Sachs, Citi, Recruit Iraq and Afghanistan Vets
Commentary  |  6/24/2011  | 
Citi and Goldman among other banks were recruiting at a job fair aboard the USS Intrepid.
Private Fund Investors Now Part of Hedge Fund Registry: SEC
News  |  6/23/2011  | 
SEC commissioners voted 3-2 yesterday to approve a Dodd-Frank Act measure calling for about 750 advisers to disclose "census-like data."
Janney Montgomery Scott Goes Live with BondDesk's New Retail Bond Platform
News  |  6/23/2011  | 
BondDesk revamped the fixed income wealth management platform and will offer it to its largest customers.
Goldman Sachs Introduces New Functionality For Options Electronic Trading
News  |  6/23/2011  | 
GSET's Delta Hedging feature provides clients with the ability to automatically hedge their U.S.-listed options smart order types based on the delta at the time the parent order is entered.
Goldman Sachs Releases Automated Delta Hedging for Options
News  |  6/23/2011  | 
GSET's new functionality enables automatic hedging with the underlying equity for all US options algorithmic strategies.
Bulge Bracket Firms Take Lions Share of U.S. Equities Commissions
Commentary  |  6/22/2011  | 
Institutions are paying for essential services and squeezing other provid
Thomson Reuters Launches Cost Effective Workflow Solution for Hedge Funds
News  |  6/22/2011  | 
The new solution provides real-time content, analytics and tools that hedge fund managers can use to improve returns and provide transparency, Thomson Reuters said.
Outsourcing in Financial Services: From an Operational Advantage to a Strategic Enabler
News  |  6/21/2011  | 
It is important that firms aim to get more than just cost reduction from their outsourcing partnerships.
Buy-Side Shifts Commissions to Pay for Research
Commentary  |  6/21/2011  | 
Why are U.S. institutions pulling back on e-trading and shifting more commissions to high touch sales traders?
Data Centers Are Heading To The Sea
Commentary  |  6/21/2011  | 
Data centers are turning to the sea and to the depths of the earth in the search for more efficient cooling.
SIFMA: The Incredible Shrinking Show
Commentary  |  6/20/2011  | 
Some die-hard SIFMA traditions have suddenly passed away without so much as an epitaph.
BoFA Merrill Joins GFI Fenics Trader
News  |  6/20/2011  | 
The bank will initially support options across 44 currency pairs via the Fenics platform.
Lightspeed Makes First Move Overseas; Acquires Lime Brokerage International (Ireland)
News  |  6/20/2011  | 
Acquisition will provide European Union traders With DMA to the US Equities Markets via Lightspeed Trading Platform.
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