Wall Street & Technology is part of the Informa Tech Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
California Power Exchange Will Shut California Power Exchange to downsize its operations and lay off 15% of its staff, with more layoffs to follow.
NASD Completes Sale of Majority Stake in Nasdaq; IPO May Be on the Horizon The NASD has completed the sale of roughly 60% of Nasdaq to a group of members, market makers and issuers, and is now considering whether it should make Nasdaq stock available to the rest of the investing public.
Reuters Announces New XML Initiative Reuters Takes the Next Step in Simplifying the Information Process with MarketsML. The new XML initiative aims to bring together various XML standards for a more efficient end user experience.
Advent to Offer Customers Access to FOLIOfn Products Responding to marketplace requests, Advent is building an interface to FOLIOfn, giving investment advisors the direct access to the financial instruments their clients demand.
BUY-SIDE BRIEFS Financial Models Company announces that Friends Ivory & Sime, selected PAGES to generate reports; Thomson Financial announced that PERAscope has been licensed by Westfield Capital Management Co. and Greenleaf Trust; Advent Software announces revenue for the fourth quarter ending December 31, 2000.
Electronic Trading Briefs Nasdaq adds four new directors to its board; LIFFE reveals the names of eight designated market makers for its new Universal Stock Futures product; ePIT Inc names Judy Batlin its director of human resources.
Market Data Briefs SIA to a market data conference entitled, "Spotlight on Market Data-What you need to know in 2001;" Steve King appointed president and CEO of Zantaz.
Risk Management Briefs GARP teams up with RiskCenter.com and the Flatiron Group; Financial Software Systems appoints Les Khan to head its Asia/Pacific operations based in Singapore.
To Each His Own When it comes time to make the tough decision to choose a portfolio management system, end-users come to their own conclusions on which system is the "best," based on their individual needs.
Portfolio Vendors Promote STP with Increasingly Open Product Offerings Vendors in the Marketplace provides a sampling of the portfolio management vendors in this space accompanied by a multitude of charts desribing their products.
The Bedrock of Asset Management The relationship between an asset-management firm and its portfolio-management vendor is not a casual one. Choosing the wrong vendor or the wrong system can be the difference between success and an accounting nightmare.
AMEX to Deploy OM's Saxess and Click Platforms for Options and Equities Trading Fueled by the success of its options business, the AMEX is rolling out two new trading systems from OM Technology
American Century's Acumation Looks for Investors To Fuel Development Acumation may be a wholly-owned subsidiary of American Century for now, but the desire for investment dollars to complete technology projects is bringing more owners to the table.
Ernst & Young Joins Forces with Aspect to Solve FAS 133 Compliance Issues Ernst & Young and Aspect are helping buyers and sellers of energy to comply with the recently enacted FAS 133 standard. Their new HedgeMonitor 133 is an ASP solution to the FAS 133 problem.
Market Data Briefs Nick Manolis appointed to the executive team at Outsell, Inc., TD Waterhouse Quotes and News to be available to all AT&T Digital PocketNet subscribers. The SIA to hold a market data conference entitled "Spotlight on Market Data-What you need to know in 2001."
ELECTRONIC TRADING BRIEFS Mark Helmsley named chief information officer of the LIFF and Options Exchange's new technology business. The Board of Trade Clearing Corp. has selected three of its members for election to its board of governors. Louis Dreyfus rolls out a futures and options back-office processing system.
Risk Management Briefs Palisade Corporation has releases a new version of its @RiskAccelerator. Algorithmics receives private financing from Commerzbank AG. Vendorbase.com to incorporate CertCo RMX, into its marketplace environment. Merrill Lynch and J.P. Morgan Chase signed on for Cygnifi's Trinity online legal risk management tool.
BUY-SIDE BRIEFS Argenesis Corporation implements Argenesis Wealth Manager at Abbey National in London. Spectra Securities Software signs a letter of intent with Cambridge Technology Partners. Advent Software forms alliance making FOLIOfn the exlclusive provider of FOLIOs.
Talking Shop with CEO of Bond Book John Kim John Kim, president and ceo of Bond Book, talks shop with WS&T Associate Editor Cristina McEachern. The two discuss how Bond Book began, how the buy side became involved, why it will be successful and the Department of Justice inquiry.
CSFB Selects Syntegra Voice Systems for NYC-based Equity and Fixed-Income Staff Following in the footsteps of its worldwide sister branches, CSFB's New York City office rolls out Turrets and CTI software from Syntegra.
New Portal for Equity Information and Research Readies for Launch TheMarkets.com to launch a new consortium portal bringing together equity capital markets information and research content from its nine member firms.
Thomson Financial Raises the Technical Support Bar Thomson Financial employs hi-flying technology to take the guesswork out of system error diagnosis.
New Options Clearing Corp CTO Outlines Challenges Ro Kumar, the new CTO of Options Clearing Corp, talks about new objectives.
Buy Side Briefs Optus announces the launch of the latest Internet offering from CI Funds; Global Investment Systems (GIS) modifies MFACT; DTCC and Thomson Financial ESG announces the name of their new global joint venture company.
Electronic Trading Briefs Crosslinks Systems strikes a deal to build an online fixed-income trading platform for the Asian market; Carol Sexton resigns her post from CME; William Conroy becomes a venture partner at Insight Capital Partners.
MARKET DATA BRIEFS Fidelity Investment selects Dow Jones for its newly enhanced Web site; Bridge appoints two new sales executives to its New England area; The Options Clearing Corporation upgrades the content and redesigns its Web site.
Risk Management TreasuryConnect to develop proprietary sites for derivatives dealers on an ASP basis; Westpac Banking signs on to implement Kamakura's full risk management suit; OnExchange and Sparks Companies forms an alliance.
The State of Fix Understanding what's involved with electronic communication in today's financial arena of disparate protocols can be a complicated endeavor. With T+1 looming, it is essential that protocol overseers such as SWIFT and FIX Protocol Limited work together so everyone can be understood.
Do Online Bond Consortiums -- Tip the Scales of Justice? Broker dealers creating online bond trading consortiums say they are improving the fixed income markets for investors by increasing price transparency and liquidity. But the new B2B e-commerce ventures have prompted an inquiry by the Department of Justice's antitrust division.
CheckFree Hires Thomson Pro CheckFree Investment Services hires Richard Tierney.
ePIT Names Campbell CEO Timothy Campbell promoted to chief executive officer of ePIT.
Former Ameritrade CEO Joins Neovest Board Tom Lewis, Jr. joins the board of directors of Neovest.
Eagle Investment Systems Provides Portfolio Managers With Remote Access to PACE Eagle Investment Systems goes live with Eagle Portal.
Great Expectations: Decimalization's Potential A contributed piece on the potential of decimalization by Daniel Connell, managing director for the retail markets division of Standard & Poor.
A Conversation with Hugh Freedberg WS&T Senior Editor Robert Sales breaks bread with Liffe CEO Hugh Freedberg.
Sun Splashes Into Wireless with Credit Suisse Trading Contract Sun attains a contract to provide servers and operating system technology for Credit Suisse's youtrade-a wireless trading application.
onExchange Snags Clearing Contract with EnergyClear EnergyClear selects a clearing platform from onExchange Inc.
CME vs. CBOT: Separate and Unequal The CME and CBOT have implemented dissimilar electronic trading strategies. While both exchanges are increasingly trying to attract electronic volume in Europe, the Merc has adopted a more open approach and seems to have the early lead on its cross-town rival.
IT Challenge Dealing with the impact of a merger or acquisition on an IT department.
Fidelity Takes Great Care to Handle the Risky Business of Online Services With the convenience and efficiency of online financial services also come certain risks.
Bridge's Billing Blues Bridge's financial troubles become quite public, causing some concern in the marketplace.
Wireless ASPs Making their Debut A new class of outsourcer emerges--the wireless-enabling application service providers.
Online Trading Commissions Continue on Downward Spiral Online trading commissions down 30% in the third quarter of 2000 compared with the first quarter of last year.
Morgan Online Lays Off Staff, Folds Private Banking in With Chase Morgan Online lays off sales, marketing and advertising staff as a result of the Chase & Co, J.P. Morgan merger. The companies plan to integrate their online private client banking initiatives.