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Archipelago Plunges into Options Trading Archipelago agrees to acquire the Pacific Exchange's options business. The electronic stock market envisions trading options along with stocks through its platform.
Direct Market Access - The Next Frontier Now that full-service brokers have acquired DMA capabilities, the question is, what will they do with it?
Higgins Moves to Pulse Trading Institutional broker Pulse Trading hired Pete Higgins as head of trading in its Boston headquarters.
Conroy to Head Desk at BNY BNY Brokerage has appointed Anthony Conroy, a seasoned buy-side trader, to serve as managing director and head trader.
REDIPlus Tackles FX Trading And Short Sales Goldman Sachs has expanded the functionality of its REDIPlus direct-market-access trading platform.
CBOE Banks on Hybrid 2.0 After recently completing the rollout of its first Hybrid system, the Chicago Board Options Exchange (CBOE) is rolling out the second phase of its hybrid market.
Bloomberg Offers Buy Side a One-Stop Shop Bloomberg launched a multibroker execution management system (EMS) that bundles access to brokers' algorithms with pre- and post-trade analysis, trading blotters, and benchmarks to help traders improve their performance.
Arcades -Coming to a City Near You Do you want to trade options using state-of-the-art technology while feeling the camaraderie and buzz of a trading floor without dealing with the bureaucracy of a large firm?
Spider Webs On Jan. 11, executives from the nation's six options exchanges trekked to Washington, D.C., for their annual meeting with the SEC.
A Note From The Editor Wall Street & Technology proudly introduces Advanced Trading, a quarterly publication that focuses on the sophisticated strategies and technologies that are driving the future of trading.
The NYSE Floor: A Question of Control What is it about the floor - the history, the frenzy, the money, the legacy?
Shifting Gears -- People & Careers Whalen Named CIO of RJO; Lee Establishes Aite Group; Deloitte Appoints AML Authority; Keeping Tabs
Beyond EAI During the past few years, the financial-services industry invested significant resources in implementing enterprise application integration (EAI) technology solutions to foster real-time connectivity of applications and sharing of information among internal enterprise systems as well as with external partners' systems.
CIO Challenge -- VoIP Managing traditional analog hoot-n-holler networks, which are critical to investment management firms' operations, can be expensive and challenging, so many CIOs are eyeing alternatives. For some, the answer is IP telephony.
IT Projects Require More Than Just Management Before a firm can manage a project portfolio, it must manage individual projects effectively.
IT Portfolio Prowess Investment managers aren't the only ones who need to manage portfolios. Now, the CIO does, too.
Custom-Built The demand for separately managed accounts is fueling the financial industry's interest in portfolio manufacturing technology. Wealth managers that automate and implement customized portfolios with assembly-line efficiency are bound to profit from the trend.
Blend It In - But Not Too Much ING COO Catherine Smith hopes a little business discipline will improve the IT organization's efficiency.
Hedge Fund Services Heat Up Prime brokers, fund administrators and technology providers are all targeting hedge funds with increased services offerings.
A Watchdog to Watch No longer neglected or rudderless, the SEC and CIO Corey Booth plan to make great strides to reshape its IT culture.
Making Monte Carlo Work A recent NASD rule change gives brokers at Commonwealth Financial Network a new tool to add in their investment analysis arsenal.
Cashing In on Retirement Fidelity taps a booming market of retirees with its latest retirement-services package.
Dear CIO... Is Lehman Brothers offering pre-trade analytics and/or algorithmic trading to its buy-side clients? If so, what are the technology challenges and the benefits associated with these offerings?
Security Is Top of Mind The financial services industry will see an increase in security professionalism this year, predicts Jonathan Gossels, president of SystemEXPERTS, a Sudbury, Mass.-based security consultancy.
Support Needed Financial institutions that want to boost their retail investment businesses need to provide better support to their reps and advisers, according to a recent study by Financial Insights.
Regulators in the Driver’s Seat Regulation is here to stay and remains the No. 1 driver for IT organizations within securities and investments businesses for 2005, says recently released research by TowerGroup.
The New Investment Manager Investment managers are becoming more sophisticated in the technology they use and the services they offer.
CME CEO Donohue Sees Growth in Futures According to Chicago Mercantile Exchange (CME) chief executive officer Craig Donohue, the CME is a significant indicator of a future of substantial growth in the futures industry.
Trading Newsflashes: Liquidnet Sells Minority Stake for $250 Million Liquidnet Sells Minority Stake for $250 Million; Instinet Europe Partners With Orc Software to Expand Direct-Access Biz; Tamesis Integrates Markit Data Into Credit Trading Platform; Patsystems Lands Contract With Tokyo Grain Exchange; CBOE Picks etvMEDIA to Provide Streaming Video
Investment Management Newsflashes: Liberty Ermitage Selects Riskdata for Fund of Fund Risk Management, and more Liberty Ermitage Selects Riskdata for Fund of Fund Risk Management; TABB Group Report Tackles the Future of Hedge Funds
Compliance Newsflashes: Eze Castle Integration Unleashes vSite Disaster Recovery Service, and more stories Eze Castle Integration Unleashes vSite Disaster Recovery Service; PricewaterhouseCoopers and Sun Microsystems Partner on Identity Management Solution for SOX Compliance; TowerGroup Report Analyzes Role of IT in SEC's Move to Become a More Proactive and Effective Regulatory Body
Operations Newsflashes: Industry Veterans Invest in Legent Clearing, and more Industry Veterans Invest in Legent Clearing; HypoVereinsbank Implements Misys' Midas Confirmation Matching
Archipelago Adopts Streaming Data Platform The growth of automated trading and data message rates is prompting Archipelago Exchange to implement Streambase, an emerging platform for real-time streaming data.
Trading Briefs: HyperFeed Acquires Smart-Order Routing Provider HyperFeed Acquires Smart-Order Routing Provider; PHLX Converts to Hybrid Electronic Market; Pulse Unveils FlexDMA Service to Buy-Side Customers; Markit Expands Dividends Forecasting Service for Traders
Investment Management Newsflashes: IDS Offers Multiple Custodian Interfaces to RIAs Through Evare, and more IDS Offers Multiple Custodian Interfaces to RIAs Through Evare; Financial Research Hosts Family Office and Hedge Fund Symposiums
Compliance Newsflashes: IMlogic Releases IM Manager for Instant Messaging Compliance, and more stories IMlogic Releases IM Manager for Instant Messaging Compliance; BearingPoint Offers Operational & Regulatory Response Services to Brokerage and Mutual Funds Sector; RippleTech Launches LogCaster for Sarbanes-Oxley; Fortiva Launches Hybrid Solution For E-mail Archiving, Compliance and Legal Discovery
Operations Newsflashes: Accenture Hires Kirby to Spearhead MRDS in the UK, and more. Accenture Hires Kirby to Spearhead MRDS in the UK; Xcitek Enhance Tax Cost-Basis Calculator to Factor in Mergers
Administrator Oversight on the Minds of Investment Managers As hedge funds stay on track to hit the $1.5 trillion mark in 2006, more investment managers will face the task of having to choose and oversee third-party hedge fund administrators. As the looming February 2006 hedge fund rule puts more pressure on firms in terms of transparency and accountability, selecting the right vendor for the job will prove even more crucial.
Trading: Penson FX Trading System Lands Orion Securities as First Client, and more. Penson FX Trading System Lands Orion Securities as First Client; Bloomberg Launches Morgan Stanley Calculator for Credit Derivatives; Robert Van Securities Goes Live With Tradeware for Direct-Market Access and MarketCenter for Global Order Routing; Lehman Brothers Completes FIX for Fixed Income Certification via TransactTools' Testing Service
Compliance Newsflashes: Plante and Moran Goes Live Selects Lync.NET for Compliance Oriented Trading, and more. Plante and Moran Goes Live Selects Lync.NET for Compliance Oriented Trading; iLumin Launches Assentor Mailbox Manager for Notes; Asigra Partners with EMC for Disaster Backup and Recovery
Investment Management Newsflashes: Netik Launches Enterprise Reporting Engine for Client Reporting, and more. Netik Launches Enterprise Reporting Engine for Client Reporting; Bank Sarasin & Co. Selects Reference Data Software From AIM
Operations: Abbey Financial Markets Expands Use of Asset Control Platform Into Corporate Actions Data Management, and more. Abbey Financial Markets Expands Use of Asset Control Platform Into Corporate Actions Data Management; Capco Forms Certification Program for Reference Data
Alternative Investment Tools As hedge funds gain wider acceptance in the wealth-management space, investment advisers struggle to determine how they fit into their clients' portfolios. And, without the appropriate tools to support retail clients' investment decisions, the confusion likely will continue.
Direct-Market-Access Trading The buy side is taking more control of its trading decisions while looking for faster, lower-cost and anonymous executions. Direct market access (DMA) tools permit buy-side traders to access liquidity pools and multiple execution venues directly, without intervention from a broker's trading desk.
Risk in a Real-Time World The world is getting riskier. Not only has geopolitical strife changed compliance risk, but new trading, governance and capital-allocation mechanisms are changing traditional risk measures as well.
Setting Sights on China As China emerges as a land of opportunity, U.S. firms are flocking there to set up shop. The first step is to assist Chinese broker-dealers and exchanges with governance issues and trading technology.
Managing Technology Chief information officers are embracing a new way of managing the projects that take place throughout their vast domains: viewing them as if they are part of a financial portfolio, with each project representing an investment that has its own goals and risks.
Hardware & Software As part of the extreme makeover of the National Market System, the SEC's Reg NMS proposes that market centers route orders to the venue that offers the best price.