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News & Commentary
Content tagged with Trading Technology posted in January 2009
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Davos Diary, Day 2: Another Day, More Bad News from the Banking Industry
News  |  1/30/2009  | 
The mood continues to be very muted her at the WEF here in Switzerland, with faces just as long as the coats that block out the bitter cold. While the parameters for the discussion were set yesterday, there is still no one who has set out an agenda or call to action that everyone can rally around to try and find a way out of the current economic quagmire. There are some themes starting to emerge, but everyone is still focused on the problems rather than the solutions.
InvestEdge Equips Banks and Advisors with Turnkey Compliance
News  |  1/30/2009  | 
Workflow compliance solution enables firms to conduct account investment reviews and administrative reviews with less risk and cost
SEC Charges Nashville-Based Financial Planner With Fraud
News  |  1/30/2009  | 
Charge involves purported investments in TARP
DTCC Plans Real-Time Trade Guarantee for Equities, Municipal and Corporate Bonds
News  |  1/30/2009  | 
DTCC increases daily processing capacity to 500 million transactions per day.
TGIF: Bernard Madoff Apologizes, Explains Where the $50 Million Went
News  |  1/30/2009  | 
At last, an "explanation" of how the whole scheme played out.
President Obama Asks Wall Street to Show Restraint On Bonuses
News  |  1/29/2009  | 
President Obama told Wall Street today that executives should not be collecting huge bonuses while receiving taxpayer's bailout money. "One point I want to make is that all of us are going to have responsibilities to get this economy moving again," he said. "And when I saw an article today indicating that Wall Street bankers had given themselves $20 billion worth of bonuses -- the same amount of bonuses as they gave themselves in 2004 -- at a time when most of these institutions were teetering
SIIA Debuts Job Board for Financial Data Pros
News  |  1/29/2009  | 
Job board and certification programs designed to put displaced financial IT managers back to work.
Oracle Financial Services Software Releases Oracle Reveleus Market Risk
News  |  1/29/2009  | 
Release features new modeling, analysis and reporting capabilities to help financial institutions improve ability to manage market risk and related capital adequacy and compliance regulations
Cashhedge Gathers More Than $4.5 Billion in New Assets for Clients in 2008
News  |  1/29/2009  | 
OpenNow/FundNow solutions generate 27 percent increase in assets gathered over 2007
Realtime Systems Group to Offer Direct Market Access to NASDAQ Dubai
News  |  1/29/2009  | 
Users will be able to trade NASDAQ Dubai listed products.
Davos Diary, Day 2: This Market Needs an Intervention -- and a 12-Step Plan
News  |  1/29/2009  | 
Wednesday morning, the message at the in Davos was a sobering one right out of the gate: Get on with it; let the TARP be the TARP, etc. Yes, we need to come up with a way to value toxic assets. If recapitalization or foreclosure mitigation is necessary, then design a mechanism to deal with it and pass it into law. We were told we are headed for 2.5% growth average over the next three years thanks to a global recession this year and anemic growth next. Other more dire predictions from
Davos Diary, Day 1: First impressions at Davos: Collaboration is the Name of the Game
News  |  1/29/2009  | 
This is my third time in Davos for the World Economic Forum and my overwhelming impression is that the atmosphere is 'muted'. If you walk through the Congress Hall or global village, it's as if someone has thrown cold water over the delegates, plunging the temperature to match the weather outside. There is just not the same energy and ebullience that usually defines Davos.
JPMorgan Cut Potential Losses to Madoff Funds Last Fall
News  |  1/29/2009  | 
JP Morgan Chase says it cut its exposure related to Bernard Madoff last fall; but angry investors want to know why they weren't told about it.
Davos Diary, Day 1: What This World Needs Most ... Will We Find it at Davos?
News  |  1/29/2009  | 
I remember January 1997. I was 25 living in an apartment in Russia opposite the Kremlin. Guns were routinely checked at the door in my local restaurant. This was before the stock market crash of 1998, before Putin, before $150 oil prices. I would stay up nights, moonlighting on my first software company and the Internet infrastructure and email client I used in Moscow was already better than what my employer provided. And I was itching to get out there and catch this wave!
Instinet Becomes Australian Clearing Member
News  |  1/29/2009  | 
Geithner's New TARP rules: How Clear Are They? (audio)
News  |  1/28/2009  | 
New Treasury Secretary Timothy Geithner is trying to rein in TARP with rules that limit the power of lobbyists and ensure more oversight for the billions of dollars being handed out. This MarketPlace report discusses how clear the new rules actually are.
Kaplan Compliance Solutions Unveils Client Concierge
News  |  1/28/2009  | 
The Concierge interacts with the relevant departments within KCS, monitoring activities related to the client, as well as ensuring the client is kept informed about regulatory changes affecting their business.
Financial IT Budgets Dip for the First Time, By 3.7%, But Will Quickly Rebound
News  |  1/28/2009  | 
Large-scale SOA projects are out, risk management and self-service technology initiatives are in, says TowerGroup's latest report. However, visionaries continue modernization efforts.
Al Frank Asset Management and VLSystems Collaborate to Package Technology
News  |  1/28/2009  | 
Capabilities enhance profitability of independent RIAs
New York Fed Names William C. Dudley President
News  |  1/28/2009  | 
He succeeds Timothy Geithner who became Secretary of Treasury
Wall Street Bonuses Fell 44% in 2008
News  |  1/28/2009  | 
Securities industry losses could exceed $35 Billion
Senators Grill SEC Staff on Madoff Lapse
News  |  1/28/2009  | 
At a hearing yesterday, senators posed sharp questions to SEC staff about the agency's failure to detect Bernard Madoff's $50 billion Ponzi scheme. Several senators expressed incredulity at the dozens of warnings the SEC received about Madoff's firm and the fact that the SEC's investigations of the firm yielded nothing. New York Democratic senator Charles Schumer said, "It's as if there was a giant elephant standing next to the SEC in a rather small room for 25 years and the SEC never noticed th
Detangling the Economy from the Current Crisis Isn’t as Simple as Turning a Page
Commentary  |  1/27/2009  | 
It will take a while for the economy to recover from a decade of slow GDP growth, job losses and virtually no increase in household incomes.
Sun Unveils Green Data Center
News  |  1/27/2009  | 
New energy-efficient data center saves $1 million in energy bills, 11,000 tons of carbon dioxide and 670,000 gallons of water every year, according to Sun.
CIOs’ Top Priority: Managing IT Costs in a Challenged World
Commentary  |  1/27/2009  | 
The industry needs to rethink its cost and processing structures -- and perhaps make some radical changes, says Special Contributing Editor Larry Tabb.
Fidessa Unveils Hosted OMS/EMS
News  |  1/27/2009  | 
Fidessa MAAX is a broker-neutral trading and execution solution that deploys quickly and requires minimal internal technical support, the vendor says.
Merlin Releases New P&L Reporting Suite
News  |  1/27/2009  | 
Merlin Compass adds intraday portfolio reporting to the firm's existing trade monitoring and post-trade allocation and reporting tools.
HedgeOp Awarded U.S. Patent for ComplianceTrak Software
News  |  1/27/2009  | 
ComplianceTrak offers cost-efficient tools for staying compliant
Nation’s Largest Investors Call for ’Green Recovery’
News  |  1/27/2009  | 
Investors urge congress to support energy efficiency and clean energy in economic stimulus bill
Software Preserves Network Settings When You Move Virtual Machines
News  |  1/27/2009  | 
Blade Network Technologies' blade and rack switches now maintain security policies and network settings for virtual machines.
Hedge Fund Managers Should Expect Greater Scrutiny and Transparency Demands From Institutional Investors
News  |  1/27/2009  | 
Institutions also to seek enhanced client reporting and communication
Investment Banking Duo Breaks NYC Subway Riding Record
News  |  1/27/2009  | 
Two employees of a large investment bank leveraged their quantitative modeling and due diligence skills to develop a plan to visit every subway stop in less than 24 hours.
Tools for the Modern IT Organization
News  |  1/26/2009  | 
As technology executives' mandate shifts from supporting business growth to managing technology efficiently, CIOs increasingly are pursuing IT flexibility through tools such as cloud computing, virtualization, software as a service and outsourcing.
Keeping Tabs: Industry Moves and Appointments
News  |  1/26/2009  | 
Kraus to AllianceBernstein; Craig joins Agora-X board; Monteiro, Schwingen promoted at Wolters Kluwer; Fleming appointed at YLS; Squires, Hanchuk to chair practice.
UBS Taps Deutsche Telekom’s Sany as CTO
News  |  1/26/2009  | 
Sany, who replaces Scott Abbey, will oversee entire IT operation of Zurich-based bank.
NYSE Euronext and BIDS Trading Receive SEC Approval to Launch the New York Block Exchange
News  |  1/26/2009  | 
Designed to improve execution quality and access to block trading liquidity, NYBX is a 50/50 joint venture between the two companies and will operate as a facility of the NYSE.
Thain Defends Record, Promises to Repay $1.2 Million Spent on Office Decor
News  |  1/26/2009  | 
In a memo sent to Merrill Lynch employees today, John Thain gave his side of the story about Merrill Lynch's fourth quarter losses and his reported $1.2 million office redesign.
MacDougall, MacDougall and MacTier Invests in New Wealth Management Platform
News  |  1/26/2009  | 
Canada's oldest stock brokerage, MacDougall, MacDougall and MacTier, is turning to new wealth management software to handle a wave of new clients.
Only One-Third of Financial Institutions Using Secure Document Delivery System
News  |  1/26/2009  | 
Wolters Kluwer Financial Services survey looks at the transmission of confidential documents
Turquoise Offers Enhanced Rebate Program
News  |  1/26/2009  | 
Set to attract additional liquidity with efficient tariffs among European equity trading venues
Croatian National Bank Selects Wall Street Systems for Reserve Management
News  |  1/26/2009  | 
Solution will provide reserve management operations and achieve Eurozone compliance
ACTIV Financial Joins With Telx To Provide Low Latency Access to Financial Information
News  |  1/23/2009  | 
Partnership streamlines market data delivery for faster, more reliable trading solution.
Banque Centrale Populaire Chooses Algorithmics Integrated Risk Solutions
News  |  1/23/2009  | 
Solution will provide enterprise-wide strategic risk management platform
Triple Point and SAP Solution Selected to Support Coal, Freight and Emissions Trading
News  |  1/23/2009  | 
Triple Point continues rapid European expansion as German company licenses co-developed solution
Moynihan Takes Thain’s Place at Merrill/BofA
News  |  1/23/2009  | 
In the wake of John Thain's departure, BofA puts its general counsel in charge of global wealth management.
When You've Lost the Will to Spend, There's Fiscalis
News  |  1/23/2009  | 
A new drug helps consumers maintain their spending habits.

Thain Departs Merrill As Details on His $1.2 Million Office Redesign Emerge
News  |  1/22/2009  | 
It's been a rough day for John Thain, former CEO of Merrill Lynch. Not only was he ousted by Merrill's acquiror, Bank of America CEO Ken Lewis, who was unhappy over Merrill's $15.45 billion fourth-quarter loss, but New York Attorney General Andrew Cuomo announced his office is investigating bonuses Merrill Lynch paid to its executives just before the sale to Bank of America and CNBC reportedly has unearthed documents that detail his $1.2 million office renovation last year. According to CNBC, hi
First Coverage Launches Version 3.0, ’The Community’ Web-based Platform,
News  |  1/22/2009  | 
Enhanced platform makes investors smarter, safer, more efficient
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