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Integration a Top Priority, According to Deloitte Report Breaking down silos is a major goal for global securities firms this year, according to a recent financial industry outlook released by Deloitte & Touche.
ElectronicTrading: Fimat USA Chooses Patsystems for Derivatives, and more. Fimat USA Chooses Patsystems for Derivatives; FIX Certification Service Enters Production; BNY Brokerage to Acquire Standard & Poor's Institutional Broker; The Bank of Tokyo-Mitsubishi Goes Live with Cognotec
Investment Management Newsflashes: Tarchon Capital Management Selects Riskdata for Risk Management, and more. Tarchon Capital Management Selects Riskdata for Risk Management; Investmaster Partners With Equipos Document Management Systems
Compliance Newsflashes: Orchestria Builds Compliance Solutions Group, and more. Orchestria Builds Compliance Solutions Group; Ashfield & Co. Selects Financial Tracking Technologies for SEC Compliance; AXS-One Partners With Sun to Offer End-to-End Compliance Solution
Operations: Wachovia Implements Asset Control for Data Management, and more. Wachovia Implements Asset Control for Data Management; ADP Wilco Targets Clearance of Japanese Government Bonds
Macgregor and Liquidnet Tussle over Contract A contract dispute between Macgregor and Liquidnet could leave Macgregor clients with no means to route orders to Liquidnet.
Trading: TradeWeb Appoints Roger Barton to Oversee Sell side Development for European Operations, and more stories. TradeWeb Appoints Roger Barton to Oversee Sell side Development for European Operations; Swapstream Names CTO; Institutional Broker Launches Division Specializing in Algorithmic Trading; Pat Systems Spruces Up Existing Platform with New Front-End
Investment Management: CFEBS Offers Training to Woo New Clients, and more. CFEBS Offers Training to Woo New Clients; New Report Says Asset Management Firms Will Form Outsourcing Consortia
Compliance: Searchspace Upgrades Its Anti Money Laundering Solution, and more stories Searchspace Upgrades Its Anti Money Laundering Solution; Roberts, Glore & Co Selects Financial Tracking Technologies for SEC Compliance; Reuters Selects Akonix to Join Its Messaging Compliance Partner Program
New Council Gives Guidance on Electronic Communications Compliance As the business use of e-mail and instant messaging increase along with industry regulations, more and more financial services firms will be forced to re-examine their electronic communications practices.
Trading Briefs: Bear Stearns Picks FutureTrade Platform for Prime Brokerage Clients, and more stories Bear Stearns Picks FutureTrade Platform for Prime Brokerage Clients; Futures broker R.J. O' Brien Hires Whalen as CIO; Liquidnet's Average Daily Volume More Than Doubled in 2004; Cameron Systems Partners with FIX certification and testing firm in Chicago Market; Swapstream Adds Four Banks to Interest-Rate Swap Platform
Investment Management Newsflashes: Four Firms Select SimCorp Dimension for Investment Management, and more stories Four Firms Select SimCorp Dimension for Investment Management; Indata Releases Web-Based Reporting Module Based on Microsoft SQL; Liberty Corner Cash Management Goes Live with CecilRep 2.0; James Brearley & Sons Selects Wealthmaster for Its Front Office
Compliance News: Mantas Launches Two New Compliance Solutions Mantas Launches Two New Compliance Solutions; Heitman Selects Financial Tracking Technologies for SEC Compliance
SwapsWire Signs Up 12 Dealers for Derivatives Confirmation Service SwapsWire, a dealer-backed confirmation service, has signed up 12 firms for a new automated confirmation service for over-the-counter (OTC) equity option transactions.
Archipelago Plunges into Options Trading with PCX Acquisition Archipelago agreed to acquire the Pacific Exchange's options business. The electronic stock market envisions trading options along with stocks through its platform.
Electronic Trading Newsflashes BondDesk Acquires TechHackers from Unisys; CME Reports Record 2004 Volume; Electronic Trading Accounts for 57 percent of Total; BNY Brokerage Links DEx to Macgregor XIP Order-Management Network
Investment Management Newsflashes Schwab Institutional Announces New Managed Account Solution for Advisors; Silver Leaf Partners Launches Prime Brokerage Services Platform; EBS Benefit Solutions Enhances Web Offering to Plan Sponsors with Envisage; Advent Software Forecasts 2005 Trade Order Management Trends
Compliance Newsflashes Best Execution Industry Symposium Tackles RegNMS and Soft Dollar Reforms; Deloitte & Touche Names Anti-Money Laundering Authority
Light Speed and The Buttonwood Tree The history of the financial markets has revolved around community. The Buttonwood Tree, the Stock Exchange, the delivery zone and the talent pool - all were very New York, Lower Manhattan-centric.
Shifting Gears -- People & Careers Senator D'Amato Joins COESfx; Nasdaq Names SVP of Market Data; Former Nasdaq Exec Runs Research Firm
Product Watch IST Streams Data to BlackBerry; NetAPP Embraces Grid; TradePRO Offers Instant Delivery
Combating Blended Threats One of the most significant computing events of 2004 occurred in January, when the Internet was hit by the MyDoom worm. According to analyst group Computer Economics, the worldwide cost of MyDoom reached an estimated $4 billion.
Firing On All Cylinders Having the proper infrastructure in place is critical to measuring enterprisewide performance.
CIO Challenge THE CHALLENGE: As markets make the seemingly inevitable transition to automated trading, former floor-based traders need to relearn their craft. To familiarize themselves with electronic trading technologies, many traders are going back to school.
The Cost of Compliance Increased regulations are forcing hedge-fund managers to invest in technology that they once thought they could do without.
Data First With straight-through processing again on financial institutions' agendas, the focus has turned to data management as a first step.
The Alternative Fix As alternative investments take on the marketplace, firms search for the right tools to support the trend.
Brokers Bang on OMS Doors Brokers want OMS vendors to create interfaces to their algorithms, but the lack of a standard FIX message is problematic.
To Linux or Not to Linux Though gaining popularity among financial-services firms, the open source platform may not be the OS of the future.
Dear CIO... How will Reg NMS impact broker-dealers?
Hybrid Markets: A Migration to the Screen The NYSE and other exchanges are planning to transform themselves into hybrid markets in response to Reg NMS. But is this a permanent move or a temporary step that will eventually evolve into screen-based trading?
/articles/i/ad1829/blogs/information-technology/google-ibm-take-aim-at-shortage-of-distributed-computing-skills.htm No Bank Is Spared From Basel II; Data Insecurities; Mutual Funds Out of Favor? VoIP Can Save You Up to $28,000 Per Site; Phishing: You Ain't Seen Nothing Yet; Channel Surfing Without the Remote Control
Making a Choice What does it mean when the most powerful floor-based exchange in the world introduces a hybrid marketplace? It can only mean one thing: This is the beginning of the end of the auction market.