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News & Commentary
Content tagged with Trading Technology posted in May 2001
Highlights from Wall Street & Technology/Accenture Drilling Down on STP Conference
News  |  5/25/2001  | 
Conference highlights from Wall Street & Technology and Accenture's first conference on straight-through processing.
BUY SIDE BRIEFS
News  |  5/25/2001  | 
SunGard Business Integration announces the opening of its new Hong Kong sales office; S1 Corporation announces that Comerica Incorporated will implement S1 Trade Finance to deliver online trade finance services; A consortium of leading financial institutions announce the creation of EquiLend LLC, a global platform to meet industry calls for efficient, standards-based processes in equity securities lending.
MARKET DATA BRIEFS
News  |  5/25/2001  | 
HyperFeed adds international market data to its proprietary data feed; Bridge and Home Cable Inc. team up to deliver Channel 34, a financial news and data channel using Bridge's BridgeCycler display solution; Morningstar launches a Continuing Education (CE) Credit Centers on its MorningstarAdvisor.com site.
RISK MANAGEMENT BRIEFS
News  |  5/25/2001  | 
Zurich IC2 launches a combined consulting and software service to assess, monitor and manage operational risk at financial institutions; eDerivative.com to expand its online trading platform for interest rate derivatives with Radianz's network solution; CertCo adds an online supplier performance ratings to its CertCo RMX product.
ELECTRONIC TRADING BRIEFS
News  |  5/25/2001  | 
State Street launches a Japanese-language version of Global Link; Rolfe & Nolan signs a licensing agreement with Object Trading Pty Ltd.; Egar Technology launches ETS, a real-time equity options trading and risk management system.
Eyeing Retail Clients, Wall Street Access Goes Live with Online Trading Platform
News  |  5/18/2001  | 
Recognizing that it needed to provide its individual investor clients with an online option for trading stocks and options, Wall Street Access has launched AccessPoint.
BISYS Washes Its Hands of Wash Sales
News  |  5/18/2001  | 
BISYS relieves itself of keeping track of wash sales by outsourcing to ASP GainsKeeper,Istitutional Services, which will now handle all capital gains calculations for the 33 funds BISYS administers.
Merrill Lynch HSBC Taps Bridge For New Web Site
News  |  5/18/2001  | 
Bridge provides its Internet Toolkit for market information and applications.
ELECTRONIC TRADING BRIEFS
News  |  5/18/2001  | 
The Chicago Mercantile Exchange and the Chicago Board Options Exchange sign a letter of intent to create a joint venture that will trade single-stock futures contracts; Bank of America, CS First Boston, Deutsche Bank, Goldman Sachs and J.P. Morgan Chase take equity stakes in LoanX; The European Energy Exchange grants Essent Energy Trading B.Vthe right to trade in its spot market for electricity.
BUY SIDE AND OPERATIONS BRIEFS
News  |  5/18/2001  | 
Capital Access International announced the launch of eMAXX-CPSSM; Andre Lussi steps aside temporarily from his responsibilities as President and CEO of Clearstream; CheckFree Investment Services announces the unveiling of Kings of Wrap.
RISK MANAGEMENT BRIEFS
News  |  5/18/2001  | 
In its second round of institutional financing, ERisk raises $10 million in funds; Egar technology releases its Equity Trading System (ETS) for real-time equity options trading and risk management.
MARKET DATA BRIEFS
News  |  5/18/2001  | 
HyperFeed expands its data feed offerings with access to content from FT Interactive Data; Object Design develops a software application to simultaneously capture, organize and query real-time data streams; TheBEAST.com joins the Tibco Alliance Program.
STP and the ASP Model
News  |  5/17/2001  | 
Obstacle or Opportunity?
News  |  5/16/2001  | 
Institutional Portal Market: Liquidity is King
News  |  5/16/2001  | 
The sudden departure of CFOWeb from the institutional portal landscape has caused both single-dealer and multi-dealer driven sites alike to reconsider what components they need to achieve success.
As Competition Heats Up, Online Advice Becomes Mandatory in 401(k) Offerings
News  |  5/16/2001  | 
When Boston-based Fidelity investments rolls out its next generation of financial tools at the end of June, it will up the ante in the online advice game for 401(k) providers.
Online Brokers Get Physical: Will Clicks and Mortar Win Over the Skittish Investors?
News  |  5/16/2001  | 
As the downturn in the economy takes its toll on active investors, online brokers are tweaking their e-business models to prepare for the next wave who want advice, tools as well as physical locations. Meanwhile, the clicks and mortar space is getting crowded as everyone pursues the active trader and the affluent.
Ed Horowitz Named to Crosslinks Board
News  |  5/15/2001  | 
Horowitz moves on from Citigroup.
ePIT V.P. Enters Post-Trade, Pre-Settlement Arena
News  |  5/15/2001  | 
Gordon Henderson named chief executive officer of the TLX Trading Network.
Morgan Stanley Links Up With Advent
News  |  5/15/2001  | 
Morgan Stanley enters a strategic partnership with Advent Software giving them access to Advent's TrustedNetwork account-aggregation services.
ADP Looks to Attract Asset Managers' Back-Office Business
News  |  5/15/2001  | 
ADP targets asset managers.
IT Challenge
News  |  5/15/2001  | 
Siloed firms and incompatibility are creating the new back-office crisis.
LongView's Long Road
News  |  5/15/2001  | 
Here we go again. Longview's been purchased by Linedata--what every client needs to know.
NetDecide Incorporates Forefield Data with its Wealth Management Software
News  |  5/14/2001  | 
Forefield teams up with netDecide.
Raymond James Signs With Xcitek For Corporate Actions Processing
News  |  5/14/2001  | 
Raymond James signs with Xcitek.
GARP Survey Reveals Risk Salaries
News  |  5/14/2001  | 
GARP unveils first annual risk salary survey.
Bloomberg Tradebook and Belzberg technologies Develop Trading Systems Interface
News  |  5/14/2001  | 
Bloomberg Tradebook has agreed to electronically link its ECN with Belzberg Technologies' Order-Routing System.
Liffe and Easdaq Sign Pacts with Nasdaq, as Stock Market Continues to Distance Itself from NASD
News  |  5/14/2001  | 
Busy Nasdaq Forms Joint Venture with Liffe, Buys Majority Stake in Easdaq.
Global Crossing Signs Network Connectivity Pacts with CHX and Blackwood Securities
News  |  5/14/2001  | 
The Chicago Stock Exchange and Blackwood Securities have signed separate pacts to use Global Crossing's extranet
Trends from TowerGroup
News  |  5/14/2001  | 
Some statistical highlights and trends from TowerGroup's annual conference, "Exploring the Future: From e to Reality."
IB Catching On in Electronic Interface Market
News  |  5/14/2001  | 
Interactive Brokers grab headlines in the electronic linkage space.
CSFB, Lehman and UBS Grab Stakes in BondBook
News  |  5/11/2001  | 
BondBook, an anonymous, online fixed-income marketplace, has welcomed a trio of broker-dealers into its stable of owners/liquidity providers.
IBM Launches STP WorkBench
News  |  5/11/2001  | 
As the race to help firms prepare for T+1 heats up, IBM has entered the fray with its STP WorkBench solution designed to provide the tools and expertise needed to revamp antiquated infrastructures.
Algorithmics Takes Risk Management to New Heights at Annual Risk Conference
News  |  5/11/2001  | 
Key customer and product announcements highlighted at event.
ELECTRONIC TRADING BRIEFS
News  |  5/11/2001  | 
OM AB's global employees, excluding Jiway, to participate in a stock option scheme for the entire month of May; State Street Corporation reveals that Canada's five largest banking groups have contracted with FX Connect (SM); Altra Energy Technologies, Inc. named the number one independent energy trading exchange by AMR Research.
BUY SIDE BRIEFS
News  |  5/11/2001  | 
SunGard announces the availability of STN Treasury; The Bank of New York announces its appointment to provide fund accounting, custody, and cash management services to Reich and Tang Funds; NIB Capital Asset Management licenses the PAM investment management and accounting software from Princeton Financial Systems.
MARKET DATA BRIEFS
News  |  5/11/2001  | 
Caplin Systems releases its new Real Time Trading Protocol (RTTP) Global Server (RGS); HyperFeed signs a development agreement with Quantitative Science Technologies to provide a Web-based, portfolio management tool to its PCQuote customers.
RISK MANAGEMENT BRIEFS
News  |  5/11/2001  | 
CertCo adds online payment capabilities from Electronic Payment Exchange to its CertCo RMX product; Financial Engineering Associates releases a server edition to its VaRworks enterprise-wide market risk management solution; ABN Amro's equity derivatives group licenses SciComp's SciFinance and SciXL products to prototype and view derivative pricing models.
Reuters Buys A Bridge To North America
News  |  5/4/2001  | 
A bankruptcy court has approved a Reuters' bid for certain Bridge assets, setting the stage for regulatory agencies to decide whether or not the deal will stand up to legal scrutiny.
ICE and IPE Consider Merger
News  |  5/4/2001  | 
The ICE has made a formal bid to purchase the IPE--a proposed merger that could eventually unite OTC derivatives and regulated futures trading on a single electronic platform.
Morgan Stanley Links Up With Advent
News  |  5/4/2001  | 
Morgan Stanley enters a strategic partnership with Advent Software in which the investment bank's financial planners will gain access to Advent's TrustedNetwork account-aggregation services.
NetRisk and PricewaterhouseCoopers Join Forces to Launch New Operational Risk Company
News  |  5/4/2001  | 
OpVantage Brings together operational risk databases and methodologies for broader, more comprehensive offerings.
ELECTRONIC TRADING BRIEFS
News  |  5/4/2001  | 
The Chicago Mercantile Exchange names its board officers for the coming year; Alfa Bank has licensed Egar Technology's Focus trading and risk management system in support of its Intermark division; The Board of Trade Clearing Corp forms a strategic alliance with Traiana.
MARKET DATA BRIEFS
News  |  5/4/2001  | 
Bridge and Microsoft team up to launch BridgeInform, a pre and post trade financial analysis tool; HyperFeed acquires Marketscreen.com.
MARKET DATA BRIEFS
News  |  5/4/2001  | 
Bridge and Microsoft team up to launch BridgeInform, a pre and post trade financial analysis tool; HyperFeed acquires Marketscreen.com.
BUY-SIDE BRIEFS
News  |  5/4/2001  | 
Nancy Tengler elected as FIA's new president and CEO; Wiesenberger, Thomson Financial announces the availability of daily fund performance data on its Web-based sales and illustrations product; Pilgrim Baxter & Associates goes live with the FIX trading functionality provided by Precision Trading.
RISK MANAGEMENT BRIEFS
News  |  5/4/2001  | 
Joe McHugh appointed group CFO of SunGard Trading and Risk Systems; Summit Systems appoints Theresa Renaud to the position of director of marketing for the firm's NY headquarters office; ERisk releases an executive information system for strategic capital management.
The Bond Market Association Picks Two Contractors--TradeWeb and Jordan and Jordan
News  |  5/4/2001  | 
TradeWeb volunteers to develop a series of standard protocols to be used for electronic bond trading and whose ownership will be in the public domain.
CCBN Integrates Envoy Messaging to Aid Compliance with Financial Disclosure Reg.
News  |  5/2/2001  | 
The new Internet-based service will allow IR professionals to send targeted messages to shareholders via email and fax, and to manage the shareholder lists through a centralized Web interface.


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