* Dow Jones Newswires releases a test feed for its Dow Jones NewsPlus XML feed.
* Moneyline Telerate releases its WebStation Version 2.2.
* Robert Leone is appointed senior director, global relationships at FT Interactive Data.
Barra acquires all outstanding shares of Financial Engineering Associates in a $21.25 million cash deal; Pacific Coast Bankers' Bank launches a risk-rating system to help financial institutions; GNI Fund Management selects SunGard Trading and Risk Systems' Panorama for portfolio management.
PFPC Inc. announced that AssetDirections now offers managed-account sponsors a private-label solution for servicing an enhanced list of products; Monument Securities selects SolutionForge's FIX.NET Server 2002 FIX engine to add FIX connectivity to its current OMS; Harborside+ announces that traders gain access to new sources of liquidity.
* Credit Lyonnais Securities Inc. implements SunGard's STN Settlements to manage real-time trade messaging; Commerzbank Securities begins to use HelioGraph's eVent; OppenheimerFunds selects JPMorgan Investor Services as a service provider for their mutual-fund assets.
Each year, there is a new hot trend that emerges and looks as if it may transform the industry.
The Real Deal?
The potential of Web services to revolutionize application communication still seems to be a point of debate for 2003.
The London Stock Exchange and OM AB jointly launched EDX London; The CME launches LMC TRAKRSSM futures; MarketAxess launches Corporate BondTicker.
MarketAxess launches its Web-based Corporate BondTicker product; Reuters appoints Gerald Mintz to executive vp and head of Reuters content Management and Distribution Solutions Practice; Thomson Financial releases a Web-based module for market data users and systems administrators.
Merrill Lynch signs on to implement IMlogic's IM Manager software for the management and archiving of instant messaging across the firm; The Risk Management Association and Automated Financial Systems to provide independent, external benchmarking for commercial lending risk exposure; Information Builders partners with Knowco to launch an anti-money laundering solution for the financial-services industry.
Yodlee, Inc. introduces Advisor Pro, the company's latest wealth-management solution; GIS and FRI Corporation provide MFACT users with an expanded pricing interface option; The SunGard FIX Engine v. 4.5 is awarded the SWIFTNet Ready FIX service label.
* PFPC Inc. is chosen by Columbia Management Group to provide fund-accounting, transfer-agency and sub-administrative services; DB GFS became the first Asian fund administrator to centrally match cross-border trades live on Omgeo CTM; Omgeo names Scot Knight the managing director of the Americas region.
A Perfect Union?
Combining wealth management with data aggregation may be the next big trend in financial-services technology.
And In This Corner ...
The top players in Nasdaq stocks, Instinet and SuperMontage, will continue to battle for liquidity in 2003.
The threat of cyber-terrorism has firms spending precious dollars on anti-virus and intrusion-detection software.
In Search of Savings
As a depressed economy continues to tighten purse strings, firms are literally looking far and wide for cost savings.
To Message or Not to Message
That is the question for many firms because of complicated tracking and storage concerns surrounding the growing trend.
The Customer is Still King
In a down market, it's easy to put something like CRM on the back burner, but that strategy may get you the cold shoulder.
Ringing in the New Year
No matter how bad business gets, technology needs are never going to abate. That's why we've put together a shopping list of the issues and applications that will require your attention in 2003.
No Rest for the Weary
It's time to start looking ahead at the New Year and make sure you are staying focused on the most pressing technology issues.
The Future Looks Bright for XBRL
XBRL, the XML-based standard for business reporting, is expected to catch on in the coming year as cost savings and efficiencies drive industry adoption.
How Alerts Can Support The Advisor's Bottom Line
During preparation of our Full-Service Scorecard and Gomez research of clients in an advisory relationship who use the online channel, it became apparent to us that alerts are simply not effective.
Reuters signs a definitive agreement to acquire U.K.-based AVT Technologies; SunGard Trading Systems launches MatchMaker; NeoNet signs a pact with Eze Castle Software.
Societe General purchases a system from Asset Control for the management of instrument reference and market data supporting its capital markets operations; Lipper acquires the operations of Capital Access International; S&P's CUSIP Service Bureau provides users with a link for up-to-date valid CUSIP numbers for mutual funds and money funds.
Algorithmics and Bloomberg launch Algo Data Loaders for Bloomberg Data for Algo Suite customers; AXA Investment Managers license Sophis' Value Front and Middle office fund and risk management solution in its Structured Asset Management division; Synergy Asset Management licenses COR Risk Solutions' BITA Research and BITA Risk Modeler.
netDecide Corporation and Forefield Inc. expanded their partnership to integrate Forefield's FMA Advisor into netDecide's Wealth Management System; Sophis signs a license agreement with AXA Investment Managers; ByAllAccounts announces the addition of five firms to its client roster.
CheckFree signs an agreement to build an interface from its CheckFree RECON Securities system to Omgeo TradeHub; Harris Bank selects Mercator to enhance SAP/ERP system; Swift selects COLT, Equant and Infonet for the provision of managed IP-VPN services.