An analysis of market-center data finds that for S&P 500 stocks, Nasdaq offers investors faster execution speeds, tighter spreads and lower execution costs; Fxall deploys a new Web-based user interface; Opex hires India's Elind Computers.
Fame releases its ReferencePoint Plus service; Traderforce signs on to use RadianzNet; CreditTrade launches its new CreditTrade Insight Web-based data service.
BoNY introduces a collateral-management service; FaceTime Communications launches its IM Auditor Enterprise product; Kiodex releases an enhanced version of its Kiodex Risk Workbench platform.
Linedata Services counts Vontobel among its clients; Columbia Management Group teams with eFORCE to launch a Web site; Royal London Asset Management selects the Macgregor Financial Trading Platform to automate its equity trading.
State Street utilizes CheckFree RECON Securities; U.S. Clearing launches E-Documents, an Internet-delivery and storage service; Omgeo announces new client adoption of Omgeo OASYS-TradeMatch.
Rand Financial Services, Inc. renews its software licensing agreement with Rolfe & Nolan for RISC; Thomson expands content and adds decision support tools to Thomson AutEx FI; TradeWeb reports record growth in trading volume in 2002.
Dow Jones Newswires enter into a distribution agreement with Comtex News Network; Smith Barney renews its contract for the SunGard PowerPartner market-data terminal; S&P releases its RatingsXpress Credit Ratings 2.0 service.
Bluewave launches a compliance asset tracking system to help firms meet regulatory requirements; UTI Bank implements Credence Analytic's iDeal treasury and risk management solution.
ADVISORport provides its fee-based advisory platform to UVEST Financial Services; Aberdeen Asset Management implements CRTS and ComplianceMaster applications; StatementOne adds three professionals to its management team.
PFPC Inc. is selected by LJH Global Investments to provide services for a registered hedge-fund-of-funds product to be offered starting this year; ADP becomes the most recent company to sign up for Syntegra's SettleNET; Syntegra and ISS announce that SettleNET would be used to offer ISS's proxy-voting services via CREST.
JPMorgan Defector to Start FpML-Tools Community; Fidelity Taps McColgan for President; Bernie Weinstein Resurfaces at Cantor Fitzgerald.
BMA Develops Securities-Master Database for Fixed Income; WealthTouch Introduces Aggregation Tool; Trouble Trading ETFs?
In the world of venture capital and private equity, communicating with investors in an efficient way is critical. Read about how some firms have improved the process.
Conquering Corporate Actions
A number of industry bodies are looking into ways to streamline the byzantine process of disseminating and
deciphering corporate actions.
One Size Doesn't Fit All
Rather than purchase wholesale wealth-management platforms, financial institutions are investing in key modules and looking to integrate best-of-breed components.
Do Not Delete!
Some of the largest Wall Street firms have been fined for having insufficient e-mail preservation procedures. Here are some ways to make sure it doesn't happen to you.
The Buzz Around Cicada
To avoid a conflict of interests, Cicada has been selected as the technology provider to the Nasdaq/UTP Securities Information Processor.
OMS Vendors Evolve
SunGard, NYFIX and other OMS suppliers are tweaking their systems to take advantage of the latest U.S.-equity market trends - such as sector trading and systems convergence.
Direct Access Goes Abroad
Direct-access trading-system vendors are working to expand their order-routing connectivity to European stock exchanges.
How Low Can You Go?
A difficult economy is fueling big changes in the market-data space as end users want more cost effective, streamlined solutions and vendors are charting a new course to revitalize business.
Game, Set, Match?
Omgeo is hoping that the demise of the GSTPA doesn't mean investment managers can do without central matching. But some on the buy side feel they are being asked to fix a process that isn't broken.
Firms Fumble to Manage Market Data; High Hopes For XBRL
If your firm is having difficulty managing its tremendous influx of data, you're not alone; XBRL, the XML-based standard for business reporting, is expected to catch on in the coming year as cost savings drive industry adoption.
Branching Out; Ringing in the New Year
Based on recent events in the STP space, my general STP interests have started turning cold along with the industry's; I would like to compliment the Wall Street & Technology staff on the high quality of its research and reporting in the January issue featuring "Technology Landscape 2003."
Is SuperMontage's Honeymoon Over?
While it's still early in the SuperMontage world, firms trading Nasdaq stocks say that things are running smoothly and many continue to rely on ECNs to help them get best execution.
ECNs Adjust to a SuperMontage World
While SuperMontage isn't likely the death knell for electronic-communications networks, it will force them to visit the drawing board and come up with a better battle plan for competing in the new environment.
ECNs, best known for their success matching Nasdaq stocks, have diversified significantly. Instinet, Archipelago and Brut, in fact, have already made a large impact trading exchange-traded funds, and are looking for ways to boost their listed equities businesses in 2003 and beyond.
The Jury is Still Out
Now that SuperMontage has been launched, has anything changed? From the perspective of the end user, their trading world seems much the same.
ICAP signs a contract to acquire BrokerTec's businesses for up to 181 pound sterling; Barclays opens one of the largest trading floors in New York City; OM hires two new senior level executives to lead sales and marketing efforts for North American financial markets.
Interactive Data Corporation acquires S&P ComStock for $115 million in cash; S&P launches its RatingsDirect 4.0 Web-based global- credit-information service; Reuters enters into an agreement with CreditTrade to provide its benchmarks credit-derivatives-data service to Reuters customers.
Gerry Wilkinson is appointed manager of Raft International's Radar operational-risk product suite; Kamakura shifts management positions, naming Warren Sherman as president and COO.
Ariel Capital Management, Inc. selects the MFTP to automate its equity trading; NorthRoad Capital Management LLC runs its approximately 1,000 separately managed accounts on CheckFree APL; ADVISORport and PFPC launch Nationwide Financial's The BEST of AMERICA Advisory Services Program.
U.S. Clearing forms a new relationship-management group; Charles River Development and TradeWeb offer a fixed-income STP solution that spans the front, middle and back office; JPMorgan announces the addition of end-to-end investment-partnership processing to its accounting, tax, custody, administration and transfer-agency services for investment managers.