Content tagged with Trading Technology posted in August 2001
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MoneyLine Agrees To Buy Telerate, Contracts with Savvis
Savvis and MoneyLine to enter into five-year $122 million contract for Telerate network services.
Supermarkets Simplified
As the popularity of mutual fund supermarkets grows, investment firms need automated ways to track and break down the sales generated through those venues. William Blair & Company recently ventured into the market to find one.
Market Axess Selects New Networking Provider
Citing a sound record of customer support and speed to market capabilities, Market Axess has found a new vendor to handle its global network.
ELECTRONIC TRADING BRIEFS
William Rainer named chairman and CEO of the soon-to-be-launched single-stock futures (SSF) joint venture formed by the CME, CBOE and CBOT; The IntercontinentalExchange selects the London Clearing House (LCH) as its clearing firm; ePit Systems forms strategic partnership with Capco.
INVESTMENT MANAGEMENT TECHNOLOGY BRIEFS
FIX 4.3 specification, including FIXML DTD, officially released and available for download from at fixprotocol.org; Mobius Management Systems, Inc. announces that Raymond James Financial licenses Mobius ViewDirect; Global Investment Systems forges strategic alliance with Metrosoft.
OPERATIONS BRIEFS
JPMorgan Investor Services says Iceland is latest addition to its global market network coverage; Nasdaq Liffe Markets (NQLX) and the Options Clearing Corporation (OCC) sign official clearinghouse agreement for single-stock futures; Wall Street Systems incorporating the Financial products Markup Language (FpML) to support transaction processing in the treasury space.
RISK MANAGEMENT TECHNOLOGY BRIEFS
SunGard Trading and Risk Systems' Energy operating unit teams up with Aquila; Thomas Hollenbeck appointed chief compliance officer at Brown & Company Securities; Decisioneering releases its Crystal Ball Advisor software.
MARKET DATA BRIEFS
eBridge launches Kabuccino online financial information services for Japan's Broking industry; The Financial Information Services Division (FISD) of the Software Information Industry Association (SIIA) relocating its offices in Washington, D.C.
Charles Schwab Integrates HyperFeed Market Data Into Trading Software
Schwab taps HyperFeed to supply streaming real-time market data to its StreetSmart Pro and Velocity trading software applications.
SLK's RediProducts Eyes Direct-Access Interfaces to Merrill Lynch and the NYSE's BBSS
Targeting institutional investor clients, RediProducts is building interfaces to the NYSE's BBSS and Merrill's Nasdaq trading desk.
ELECTRONIC TRADING BRIEFS
Nasdaq Liffe Markets names David Harris general counsel; SunGard Trading Systems/Brass signs deal to provide clients of the SunGard Trading Network with direct access to the Primex Auction System; The Chicago Mercantile Exchange and CheMatch.com to launch pair of jointly developed products on Sept. 21.
RISK MANAGEMENT TECHNOLOGY BRIEFS
Global Association of Risk Professionals (GARP) offers operational risk seminar October 18th and 19th in London and October 22nd and 23rd in New York; ERisk and ICICresearchcentre.org team up to hold online credit risk management conference on Wednesday, September 5th.
MARKET DATA BRIEFS
Standard & Poor's launches new RatingsXpress Credit Research; Sector Inc. signs three-year agreement to distribute CPR & CDR Technologies' agency prepayment speeds as part of its Data Distribution Service.
Backspin
Looking at e-business with new eyes, many dedicated Internet units are being rolled back into their traditional business.
With No End to A/C/E Dispute in Sight, CBOT and Eurex Eye Arbitration
Locked in a contract dispute, the CBOT and Eurex may turn to an arbitrator to settle their differences.
Juice Software Releases Product To Help Investment Bankers Create Pitch Books
The first version of the Juice platform allows end users to network-enable Microsoft Excel spreadsheets with real-time updates from multiple information sources.
Investment Manager Finds New Solution for Performance Measurement
To deeply analyze its investments and make better decisions, Newton Investment Management needed more flexibility in performance measurement. When it realized that traditional systems couldn't do what it needed, a new solution had to be found.
ELECTRONIC TRADING BRIEFS
Interactive Brokers develops links to the Pacific Exchange (PCX) and the Philadelphia Stock Exchange (PHLX); Warren Langley resigns as chief executive officer of Nasdaq Liffe Markets; BRE Bank licenses and implements an OTC pricing module from DerivaTech.
INVESTMENT TECHNOLOGY BRIEFS
JPMorgan confirms Adelaide as the Asia-Pacific hub for certain parts of its Investor Services middle office business; SunGard Corbel announces it has developed a custom version of its Relius Documents Internet software for Scudder Retirement Services; Inlumen integrates a suite of personalization and U.S. equity information services into Montgomery Asset Management's retail site.
First Europe, Now the World
From its humble beginnings as a small European exchange, Stockholm, Sweden-based OM has grown into a powerful financial services octupus, offering a wide array of trading and clearing systems to clients like the AMEX, Charles Schwab and Merrill Lynch. WS&T profiles OM's rise up the technology ladder and explains the multi-faceted vendor's plans for the future.
OPERATIONS BRIEFS
Financial Fusion, Inc., announces the integration of the New Era of Networks financial services products and people into Financial Fusion; The Bank of New York announces it has purchased certain assets of MAVRICC Management Systems, Inc.
RISK MANAGEMENT TECHNOLOGY BRIEFS
IPS-Sendero forms a strategic alliance with Kamakura; Global Association of Risk Professionals offers operational risk seminar October 18th and 19th in London, and October 22nd and 23rd in New York.
MARKET DATA BRIEFS
eSignal extends the use of its eSignal TurboFeed service for redistribution through custom applications to companies and Web sites; TFPL appoints Marion Pye to lead European team; VistaSource names William Hayes president and CEO.
Just Released
The latest offerings looking to increase your efficiency.
Wireless Wealth Management Tools Emerge for Advisors and Consumers
Suppliers of wealth management software are rolling out wireless tools for helping financial advisors strengthen relationships with high-net worth clients.
IT Challenge
The Challenge: Migrating from one computing system to another is never an easy task, even at the best of times. Before investing in new technology or blindly adopting a vendor's claim to how its system will perform, firms now have the option to test drive systems, at a price of course.
Destination: Australia
E*Trade Australia has renewed its license to use Wilco International's recently-acquired Summit back-office clearance and settlement system.
Omgeo Lines Up Technology For Beta Launch
Omgeo is laying the technology groundwork for a planned August beta launch of its services.
Survey Says: If It Ain't Broken, You Better FIX It
A new survey from Cap Gemini Ernst & Young indicates that 50% of trade order management vendors serving asset managers are now building FIX capable systems.
Thomson Financial Embarks on Customer-Centric Strategy
Broker Fund Management Group shifts product focus with integrated offerings.
Prudential Securities Switches From Bridge to Reuters
Prudential Securities to change the market data vendor on 11,000 of its desktops at 270 retail branches from Bridge to Reuters.
SuperSoes is Finally Here, But Will Investors Benefit?
Nasdaq expects its new SuperSoes network to help investors get better executions and increased fills, but some market participants remain skeptical.
Chicago Markets Prepare to Launch SSF Exchange, Raising New Questions About Floor-Based Trading
Open Outcry Questions Arise as CBOE/CME Get Ready to Launch an All-Electronic SSF Market.
Bringing it all Together: Enterprise-Wide Risk Management Moves to the Forefront
With new regulatory requirements and a not-so stable economy, risk management technology is vital for any firm's IT strategy.
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Microsoft is spending billions developing and marketing .NET--an XML-Web Services platform to corporate customers including financial services companies who use Java. Can the software giant convince the financial industry that it's living up to the promise of open standards like SOAP?
Commonwealth Financial Gets New Server Technology
The server is the foundation upon which your technology architecture sits. In light of expanding business, Commonwealth Financial recently realized its foundation needed an upgrade.
SunGard Eyes Retail Brokerage Space with PowerPartner Acquisition
SunGard plans to leverage Bridge's PowerPartner application and data to gain a foothold in the retail brokerage space.
New ECN for Private Equity Market Seeks Exchange Status And Venture Capital Funding, Ponders IPO
The NYPPe, an ECN specializing in private equities, wants to become an exchange and is seeking venture capital funding.
ELECTRONIC TRADING BRIEFS
Nasdaq Liffe Markets names Bob Fitzsimmons president and chief operating officer; The IntercontinentalExchange promotes Chuck Vice to senior vice president and chief operating officer; XpressTrade LLC providing clients with electronic access to Brent Crude and Gas Oil futures contracts traded at the London-based International Petroleum Exchange.
INVESTMENT TECHNOLOGY BRIEFS
S1 Corp. announces intent to acquire privately held Software Dynamics Inc.; GAIN Capital announces new release of Internet-based dealing software.
OPERATIONS BRIEFS
SunGard eProcess Intelligence selects SunGard's intelliMATCH software for matching and reconciliation; EuroFinance announces that 10th Annual International Cash and Treasury Management conference to be held in association with Asset, Palacio Municipal de Congresos in Madrid from September 19 - 21.
RISK MANAGEMENT BRIEFS
Global Association of Risk Professionals offers operational risk seminar October 18th and 19th in London, and October 22nd and 23rd in New York; New research by TCA Consulting finds that banks are unsure about the definition of operational risk, how to tackle the operational challenges once they are identified and who should take internal ownership of those operational risks.
MARKET DATA BRIEFS
E*Trade Denmark and eBridge team up to offer Power E*Trade to Danish customers; The Financial Information Services Division of the Software & Information Industry Association releases preliminary research on billing and reporting automation in the market data industry.
Barclays Says, "Wrap It Up, I'll Take It"
Barclays has chosen a technology vendor to provide the connectivity for its managed account or Wrap program--a network which seeks to connect retail investors with institutional money managers.
CSFBdirect Beats Online Peers in Gomez Brokerage Performance Index
In new Gomez ranking, CSFBdirect delivers fastest performance, with trades completed in 4.5 seconds for the period of July 23 through 27.
Latin American Security Depository Selects ePit for Trading Systems
Cetip, a Brazilian custody and financial clearinghouse, is deploying ePit's EES as the core of its soon-to-be-launched trading systems.
PFS TraderTools Releases Streaming Market Data Transport Mechanism
New Trillian technology allows financial Web sites to stream data without downloads or applications.
OPERATIONS BRIEFS
The Bank of New York selected by the Borden family of companies to provide master trust and custody services for its benefit plan; GSCC, MBSCC, EMCC approves resolutions toward becoming wholly-owned subsidiaries of The Depository Trust & Clearing Corporation (DTCC); The Securities Industry Automation Corporation (SIAC) announces a number of promotions and organizational changes.
INVESTMENT TECH BRIEFS
JPMorgan Investor Services announced the appointment of two new business heads for Europe, Middle East and Africa; Eagle Investment Systems Corp. announces the release of the newest version of Eagle PACE; AGF Asset Management goes live with the integration of SunGard's Decalog and GLOBAL PORTFOLIO II.
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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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