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Toyo Trust 'SPARs' With NT Version of ABS
Though clearly most financial services firms operating in the Windows environment have already moved up to NT -- or at least Windows 95 -- there are still some stragglers out there yet to migrate from DOS. Toyo Trust Company New York (TTNY) was one such firm hesitant to take the NT plunge. That is, until recently.
NYMEX Hires SSB as For-Profit Advisor, Inches Closer to IPE Merger
The New York Mercantile Exchange has retained Salomon Smith Barney (SSB) to spearhead its evaluation of the benefits of demutualization. At the same time, the exchange is drawing closer to finalizing its merger with the International Petroleum Exchange.
Datek Subscribers Can Now Choose Decimals
Clients of Datek Online--a discount brokerage firm--can now view trading information in decimals over Datek's Web site.
Diversinet and VeriSign to Offer New Security Solution
Diversinet and VeriSign are teaming up to provide security solutions aimed at on-line trading, online banking and wireless trading.
Will Day Trading Face Scrutiny?
The day-trading industry has been thrust into the spotlight in the wake of the Atlanta office shootings by day trader Mark O. Barton and the results of a recent study conducted by the North American Securities Administrators Association.
Throwing a Hat Into the IPO Ring
When the summer IPO calendar was saturated with Internet companies, pundits warned that the dot.com mania was about to hit the wall. And sure enough, by early August, Internet IPOs crashed from the record highs they set in April. By August, deals were being postponed left and right and only the brave, like Red Hat Software, raised capital.
Discover Goes Wireless
Discover Brokerage, Morgan Stanley Dean Witters online discount brokerage arm, recently teamed up with Owings Mills, Md.-based Aether Technologies to launch TradeRunner.
Evergreen Funds Looks to Open Source Codes
Like any financial services firm in 1999, the Evergreen Funds is looking to provide its clients and employees with access to comprehensive sets of data through a single browser front-end.
Salomon Smith Barney Considers ReachCast for Online Access to Research
Research distributed by a brokerages legion of analysts has usually been a static affair. Produce the research, throw it out to the clients and hope that some tidbit of information entices those clients to invest through one of the firms many brokers.
Hewlett-Packard Talks Up New E-commerce Solution, E-Speak
Hewlett-Packard has been talking up its new electronic commerce solution, e-speak, since introducing it in May. And financial firms are listening as e-commerce builds momentum across the industry.
London Traders Using New Wireless Option for Liffe Connect
London-based Communicating Limited has developed a wireless trading system to access Liffe Connect, the electronic futures trading platform on the London International Financial Futures and Options Exchange.
Trading Edge Dives into Munis and Real-Time News
Santa Monica, Calif.-based Trading Edge is building a municipal securities version of BondLinkits flagship, Internet-based trade matching system.
A Star is Born: Baby Linux
It may have taken the financial services a bit longer to get up to speed, but make no mistake, Linux, the fast-growing computer operating system, is coming to the Street.
Three Partners Join Hands to Build FX Matching System
NexTrade, GlobalNet Financial.com and Valhalla Forex have teamed up to launch Matchbook FXan Internet-deliverable, continuous matching system covering spot foreign exchange (FX) products.
Wheat First Union to Upgrade CRM With Janna's Software
Wheat First Union has been using Toronto-based Janna Systems for the past two years and swears that it has helped it retain clients. Now the brokerage firm is putting its money where its mouth is and is upgrading to Jannas version 6 next year.
Can Steve Levy Restore Merrin to its Original Glory?
The MacGregors Group decision to acquire Merrin Financial earlier this year was a tricky one.
w-Trade Woos Dreyfus to its Wireless Services
Beverly Hills, Calif.-based Dreyfus Brokerage Services has chosen w-Trade to provide wireless handheld trading capabilities at no additional service charge to its clients.
Coping With the Electronic Market Revolution: Susquehanna Partners Reinvents I.T.self
Susquehanna Partners (SP) has built up a successful proprietary global securities trading business. SP officials have come to realize how important it is to stay ahead of the IT curve.
ILX Attracts 17k More Users This Year With Latest Flavor
A number of high profile securities firms tapped ILX this year for the latest version of the market data vendors flagship ILX Workstation. Among those firms that gave the nod to ILX this year, representing both new and existing business, were the likes of Merrill Lynch, Scudder Kemper Investments, Fleet Securities, Ragen Mackenzie and Swiss American Securitiesto name a few.
Execs Flee SS&C Looking for Greener Pastures and Products They Can Sell
Discontented with upper management and the products they sell, many executives at SS&C Technologies have resigned or are leaving within the next month.
Thomson Still Hopes For GSTPA Participation
Thomson Financial ESG still has hope that it will be able to partake in the
GSTPA's Transaction Flow Manager (TFM) project.
ISE Hires Davidge to Build Connectivity Tool
The International Securities Exchange (ISE)--the all-electronic options marketthat is now scheduled to launch on March 24, 2000--has hired Davidge Data Systems to develop order routing connectivity software for its OM Technology-suppliedtrading engine.
TT International Selects LandMark Front End
London-based investment management firm TT International has chosen LongView
Group's LandMark trade order management system.
Interactive Brokers Builds Links to SWX, ECNs
Interactive Brokers (IB) LLC has built an interface between its order execution
network and the Swiss Stock Exchange's (SWX) electronic trading platform.
Philadelphia Stock Exchange Chooses Cognizant for Decimalization
The Philadelphia Stock Exchange (Phlx) has selected Teaneck, New Jersey-based
Cognizant Technology Solutions to implement its decimalization conversion project.
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