Bear Stearns Asset Management acquires Measurisk; Russell Investment Group implements investment-management technology; Thomson launches comparison tool for investment managers.
Radianz distributes Relegence FirstTrack; M&G selects FTI StreetReference; Yorkshire gets valuation and pricing from SunGard Trading and Risk Systems.
Wachovia subscribes to Fitch Risk's FIRST database; Bear Stearns Asset Management Buys Measurisk with minority partner; SEC Merchant Banking chooses Summit System.
NYBOT routes over 80,000 orders; NeoNet expands electronic-execution services; Ambiron buys Tekom; Lava Trading looks to aggregate FX liquidity pools.
HSH Nordbank picks Sophis for derivatives; The Philippine National Bank licenses Optics; Arthur Phillips named to head PRMIA's South Africa chapter.
META Group reports research on enterprise-content-management survey; Invesco implements corporate-actions-processing platform; Thomson Financial has highest bid for TradeWeb.
JPMorgan selects DSTi for fund and investment accounting; Credit Suisse Asset Management to integrate desktop and master-trust systems; SS&C Technologies acquires NeoVision Hypersystems.
U.S. Bancorp Asset Management is switching to the Charles River Investment Management System (IMS) as part of a migration from multiple systems to a single-platform solution.
What do prominent technology and business executives have on their plates for 2004? How are they dealing with compliance issues? What advice can they offer others in their shoes?
Gearing up for Grid
Athough mass adoption is several years away, many financial institutions are reaping the benefits of grid computing.
There’s No Place Like Home
Investors want to participate in decision making with their financial advisers. Collaborative tools could be the next hot trend.
A Full House of Data
Before laying their cards on the table, Wall Street firms are looking to get a better view of the data held in their hands.
Electronic Trading Newsflashes
Harborside+ reports daily liquidity soared from to $3 billion in 2003; CBOT launches eFills application with Future Dynamics; Newgate picks Indata for trade-order management; NYSE to expand automatic trading via Direct+.
COR Risk Solutions launches asset allocation system; DrKW's Howitt Joins PRMIA's Education and Standards Committee; Royal Bank chooses Principia System for municipal GIC business.
Moneyline Telerate and HyperFeed extend technology and services agreement; CMS WebView will sell and distribute ProphetX in mainland Europe; Dow Jones partners with Russian news agency to launch DJ Forex.
The SIA recommends a hard cutoff for mutual-fund trades at the intermediary; Lync.NET releases Web-based billing system for investment professionals; Dutch asset manager migrates to enhanced DSTi technology; Beauchamp releases FundManager in ASP version.
Hancock Bank implements VOIP, but not without challenges.
Securing the Securities Industry
As technology budgets loosen on Wall Street, security procedures tighten to fight the increased wave of information attacks at financial firms.
Online FX Systems Eye STP
As e-foreign-exchange-trading portals vie for volume, hedge funds and STP solutions are on the radar screen.
Changing the Rules of the Game
A change in the trade-through rule now on the SEC's agenda could lead to more direct-access and smart order-routing tools.
Turn Up the Volume on VoIP
Financial-services firms are jumping on the VoIP bandwagon, motivated by cost savings and technology advances. But quality is still a concern.
Learning to Manage the Message
As instant messaging becomes a favorite among Wall Street traders, it also garners the attention of industry regulators.
Operation Mutual Fund
The SEC is on a mission to bring order to the chaotic state of the mutual-fund industry.
Suiting Up For SOX
The Sarbanes-Oxley Act has CIOs struggling to find technology that will support tighter financial controls and processes.
Feeling Good. Proceed with Caution.
Financial-services executives are feeling positive - positive about the current state of the U.S. economy, positive about current business and industry prospects, and, alright, only somewhat positive about IT budget and spending plans.
Tullett Liberty Ensures Uptime
Tullett Liberty is monitoring its trading turrets overnight with a remote-management service from IPC Information Systems that catches faults and resolves them.
GE Asset Management goes with LatentZero suite of solutions; IBM and Mantas team up to fight mutual-fund abuses; Eze Castle buys BNY-s Commission Optimizer.
Thomson buys CCBN; EDI incorporates ISO 15022 into corporate-actions data; Savvis distributes data from Eurex US; Moneyline Telerate releases Tradition Credit Derivative Service globally.
Dexia Bank Slovakia chooses Reuters Kondor+; HSBC Group picks The Alchemist; Misys opens Bangalore software development center.
Electronic Trading Newsflashes
Eurex US receives CFTC approval to launch as electronic-futures exchange; Jordan & Jordan taps FIX expert Jim Northey; BNY Brokerage sells Commission Optimizer to Eze Castle; Macgregor forms alliance with Pipeline Trading