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News & Commentary
Content tagged with Trading Technology posted in March 2002
IBM To Offer SWIFT Migration Platform
News  |  3/28/2002  | 
An offering hits the market that helps financial institutions link up with SWIFT's new IP network.
Barra Launches Information Site for Investment Managers
News  |  3/28/2002  | 
Barra Vantage information source to offer users both quantitative and qualitative data for investment managers.
MidasTrade to Offer Direct Access to U.S. Stock Markets to Korean Individual Investors
News  |  3/28/2002  | 
Seeking penetration in the online, active-day trader community, MidasTrade.com is getting prepared to launch a direct-access trading platform in Korea.
ELECTRONIC TRADING
News  |  3/28/2002  | 
* ArcaEX makes its debut.
* EasyScreen signs deal that allows it to become the first independent software vendor to provide an electronic interface to the International Petroleum Exchange.
* Iris Financial Systems plans to launch its Component Services Architecture.
MARKET DATA
News  |  3/28/2002  | 
* Standard & Poor's make a range of its market data information products available in Europe via Radianz's RadianzNet financial extranet.
* DataSynapse announces several new hires.
* FTL will provide Shanghai Net Bank with financial data and reports for its daily TV show.
RISK-MANAGEMENT TECHNOLOGY
News  |  3/28/2002  | 
* Henderson Global Investors is implementing Xenomorph for enterprise-wide risk management of derivatives in its investment product range.
* Lipper and Barra team up to jointly develop a mutual fund risk analysis tool for investment professionals.
* The Professional Risk Managers' International Association forms two new regional chapters in Mexico and the Ukraine.
INVESTMENT-MANAGEMENT TECHNOLOGY
News  |  3/28/2002  | 
* Barclays Capital announces that Peter Goettler will be head of the firm's Investment Banking Division in the Americas.
* webMethods, Inc. and Javelin Technologies, Inc. announce a strategic.
* The International Securities Association for Institutional Trade Communication is holding its 8th Annual Industry Forum and Vendor.
OPERATIONS
News  |  3/28/2002  | 
* CCMA releases a directional analysis by CGE&Y to assist Canadian-securities-industry participants in shortening the securities settlement cycle.
* EMC Corporation announces that Omgeo and Thomson Financial are achieving first-to-market objectives for advancing STP and its central matching solution.
* Rolfe & Nolan announces HSBC has gone live in New York and Chicago with its futures and options-back-office-processing system.
What's Up in Wealth Management Technology
News  |  3/27/2002  | 
* Fincentric analyzes value of customer relationships.
* A wealth managemen platform ensures enterprise-wide consistency.
* State Street launches an outsourcing business for the wealth management market.
From Connectivity to Continuity: Lehman Leverages Its Client Portal for Disaster Recovery
News  |  3/21/2002  | 
E-commerce technology leads to improved disaster recovery at Lehman Brothers.
Industry Awaits GSTPA Announcement: To Go Live or Not To Go Live?
News  |  3/21/2002  | 
The Global Straight Though Processing Association plans to make an announcement by the end of the month regarding the "go-live" date of its Transaction-Flow Manager trade-matching utility.
Basel II May a Few Years Away, But Technology Work Shouldn't Be Put Off
News  |  3/21/2002  | 
Meridien Research's Deborah Williams discusses some of the technology implications Basel II and what financial services firms should be doing to prepare.
UNX Eyes Buy-Side Growth Via Launch of New Direct Access Platform
News  |  3/21/2002  | 
Looking to expand beyond its basket-trading buy-side niche, UNX has unveiled its next-generation Universal Brokerage Platform.
FIX Committee Looks to Change With the Times
News  |  3/21/2002  | 
The FIX Committee wants to change its structure and open up membership. Jordan & Jordan have been hired to approve its new look.
ELECTRONIC TRADING
News  |  3/21/2002  | 
* SWIFT forms an agreement with the NYSE that will enable customers to electronically connect to the Big Board using its SwiftNet FIX messaging system.
* PowerNet builds functionality that provides its end users with electronic access to electronic communications.
* Brut receives approval to launch Brut Europe Limited.
MARKET DATA
News  |  3/21/2002  | 
* BONY acquires Jaywalk Incorporated.
* Caplin Data Systems and DataView form partnership to develop an online real-time trading and equity analysis tool.
* HyperFeed provides stock market data to Captivate Network's elevator network.
RISK-MANAGEMENT TECHNOLOGY
News  |  3/21/2002  | 
* Palisade releases version 4.5 of @Risk desktop.
* Ascent Financial Technologies and Banco BBA customize and implement analytics from Financial Engineering Associates.
* SunGard acquires Kronos Software.
INVESTMENT-MANAGEMENT TECHNOLOGY
News  |  3/21/2002  | 
* Brown Brothers Harriman announce the launch of a front-end Web interface for Infomediary.
* CMC carries a full line of FIX products that complements any FIX Engine.
* FMC announces that Platinum Asset Management Limited installed FMC's trade-communications network.
OPERATIONS
News  |  3/21/2002  | 
* Trema announces the launch of Settlement HUB.
* Omgeo announces the expansion of the Omgeo STP Partners Program with the signing of SimCorp.
Javelin Bought By NYFIX
News  |  3/14/2002  | 
Javelin, one of the oldest and most prevalent FIX-connectivity providers, which counts over 300 financial institutions as clients, is being acquired by Nyfix, a supplier of electronic-trading systems.
Goldman Sachs To Offer Derivatives Trading and Risk Services to its Prime Brokerage Clients
News  |  3/14/2002  | 
Prime Brokerage clients can access Deriviatives.com functionality for improved derivatives trading and risk management.
ELECTRONIC TRADING
News  |  3/14/2002  | 
* NQLX names Thomas Ascher its chief executive officer.
* The International Securities Exchange is thinking about listing single-stock futures.
MARKET DATA
News  |  3/14/2002  | 
* Caplin Systems and Trading Systems Associates form a partnership to extend
Caplin's real-time streaming data technology onto TIB and Triarch data feeds.
* Sector opens an expanded Data Center for its managed services clients.
* Sabrient Systems launches its newly designed Web site for institutional investment firms, hedge-fund managers and financial advisors.
RISK-MANAGEMENT TECHNOLOGY
News  |  3/14/2002  | 
* The Boards of Allied Irish Banks PLC and Allfirst Financial met to hear the results of an investigation by Eugene Ludwig who was hired to look into $700 million currency trading losses by Allfirst trader John Rusnak.
* SunGard Trading and Risk appoints Michael Clarke senior vice president of its SunGard Collateral operating unit.
* Dr. Constantine Thanassoulas joins the Professional Risk Managers International Association's Blue Ribbon Advisory Panel.
INVESTMENT-MANAGEMENT TECHNOLOGY
News  |  3/14/2002  | 
* Barclays Capital reaffirms plans to expand its North American headquarters within Manhattan.
* Spectrum EBP, LLC and Financial Fusion Inc. announce a strategic alliance in which Financial Fusion will be certified to the Spectrum network.
* Franklin Templeton Investments' Chief Web Officer Jennifer Bolt was named
"E-Commerce Executive of the Year."
OPERATIONS
News  |  3/14/2002  | 
* IBM and SunGard announce a strategic alliance that will assist customers in deploying STP solutions that support the effort to speed the settlement of financial transactions.
* The DTCC reports $819 million in revenue for 2001 from fees charged by its subsidiaries.
* CMG chooses to use HelioGraph's ISOConverter product to provide ISO 15022 migration solutions to its German clients.
If the Unthinkable Happens
News  |  3/8/2002  | 
"In the event of a crisis, can we rely on our backup?"
With an Eye on Expansion into New Business Lines, NYSE Ponders Acquisition of Amex
News  |  3/7/2002  | 
The NYSE and NASD have recently held talks regarding a potential sale of the AMEX.
Executives Talk Networking, Straight-Through Processing at Roundtable Event
News  |  3/7/2002  | 
The impacts of data networking and emerging standards are the focus of a roundtable discussion among top executives in the area.
Morgan Stanley & Eagle To Develop New Hedge-Fund Software
News  |  3/7/2002  | 
Morgan Stanley Prime Brokerage, a service provider to hedge funds, and Eagle Investment Systems, are developing software that will enhance the functionality of their portfolio-accounting systems.
ELECTRONIC TRADING
News  |  3/7/2002  | 
* Nyfix acquires a 40 percent ownership interest in Madrid.
* Cinergy rolls out Triple Point Technology's Power XL trading system in support of its senior management, traders and risk-management staff.
* IPC opens new sales and technical support offices in Hong Kong, Singapore and Sydney.
MARKET DATA
News  |  3/7/2002  | 
* Asset Control launches its ACDEX outsourced.
* OppenheimerFunds and the Steering Committee of RIXML.org continue efforts to further the acceptance of RIXML as the industry.
* Credit Lyonnais and WestLB Panmure offer their proprietary research over the researchsummary.com financial portal.
RISK-MANAGEMENT TECHNOLOGY
News  |  3/7/2002  | 
* Wall Street Access offers Risk Analyzer risk analysis tools to its customers.
* Oliver, Wyman & Company forms a relationship with OpRisk Analytics to provide clients with operational risk consulting, data and software.
INVESTMENT-MANAGEMENT TECHNOLOGY
News  |  3/7/2002  | 
* Self Trade selects Financial Fusion Server as the technology platform for its trading system.
* RIXML.org announces its efforts to facilitate investment-research.
* FMC announces the launch of FMCSuite.
OPERATIONS
News  |  3/7/2002  | 
* Trema announces that IKB selects Finance KIT version 5.1 to automate its back office.
* BONY announces that DoCoMo selects the Bank as depositary for its listed ADR program.
* Northern Trust is appointed global custodian by the London Borough of Haringey Pension Fund.
PRODUCTS & SERVICES
News  |  3/6/2002  | 
The latest from Wall Street's vendors.
Though Times are Tough in the World of Wireless, Accenture Makes a Move
News  |  3/6/2002  | 
A tough year for wireless vendors has some falling by the wayside. Accenture, however, sees a market ripe with opportunity.
IT CHALLENGE
News  |  3/6/2002  | 
Thomas Weisel Partners LLC needs a solution that would allow the firm to track instant messaging.
Davidson Trust Launches CTFs, Picks Up Technology To Support Them
News  |  3/6/2002  | 
Davidson Trust launches in-house investment vehicle and buys an accounting package for its administration.
As STP Pressure Grows, Financial-Services Firms Tackle Data Management
News  |  3/6/2002  | 
In preparation for T+1, market-data vendors are touting STP-specific products and services.
The Key QQQuestion: Best Price or Fastest Execution?
News  |  3/6/2002  | 
The Island ECN and the Amex are battling for market share in the QQQ, a very popular exchange-traded fund.
Municipal-Bond Platforms Face Off in Retail Adviser and Institutional Space
News  |  3/6/2002  | 
Against the odds, three scrappy rivals in the municipal-bond space are targeting retail brokers and advisers.
Electronic FX: Reality or Just a Smoke Screen?
News  |  3/6/2002  | 
Citing reasons such as faster executions and reduced error rates, buy-side institutions and corporations are increasingly adopting electronic foreign exchange trading systems. But multi-bank FX portals like Currenex, Atriax, FXall and FX Connect still must break through some technological and psychological barriers before they can intitiate a mass movement awar from telephone-based FX trading.
DTCC HAS A VISION OF THE FUTURE: A World Without Reclaims
News  |  3/6/2002  | 
John Kiechle, DTCC director of strategy implementation, lays out the depository's plans to help the industry reach T+1. However, the long-term goal of eliminating reclaims is a touchy subject with some industry insiders who fear such a model would increase their level of risk.


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