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Wall Street Team Launches Investment Bank Focused on Green Technology
Former UBS Banker Jeffrey McDermott has assembled a team from Goldman Sachs, Citi, Morgan Stanley, and Barclays to form Greentech Capital Advisors.
Citi to Use TradingScreen’s EMS Platform
Integrating TradeSmart EMS with existing Lava order flow technology, migrating buy-side customers over.
ADG Deploys ITRS for Real-Time Monitoring of Trading Systems
Traders can view ITRS Geneo dashboard which monitors critical systems in real-time.
London Brokerage Adopts IT Dashboard
To help it keep up with traders' technology requests, ADG Holdings has gone live with a monitoring system from ITRS Geneos.
Madoff Learns His Fate
Prosecutors want convicted fraudster Bernard Madoff to receive the maximum sentence allowed by law which is 150 years in prison.
NYSE Divulges More Details About Its New Data Centers
Latest technology pick: a 10 gigabit Ethernet network from Juniper Networks that's said to provide an internal latency of 50 microseconds roundtrip.
SIFMA Spending Big to Help Financial Industry Revamp Image
Securities Industry and Financial Markets Association, Dan Simon, SIFMA, Cognito
Obama to Review Every American; 70% of All Praise is Sarcastic
This week, according to the Onion News Network, President Obama began holding job performance reviews with every American in an effort to improve national productivity and a UCLA study found that 70% of all praise is sarcastic. In technology news, Apple announced that the iPhone now makes phone calls.
Obama to Hold Job Performance Review with Every American
According to a report from the Onion, the President's latest financial stimulus efforts include personal ad
A Bridge to Take Wall Street Firms from Grid to Cloud
Grid vendor Platform Computing introduced a private cloud offering this week. What does it take to migrate from a grid to cloud computing?
Aleri and TraderTools Create FX Partnership
TraderTools will embed Aleri╒s Coral* CEP engine in its liquidity management platform.
BondDesk Selects Progress Apama CEP Platform to Deliver Real-Time Analytics & Decision Support
BondDesk will use Progress Apama's CEP platform within the BondDesk ATS.
RNA Networks Unveils High-Test Boost to Caching
RNA cache intended to help ease the migration to multicore servers by adding a pool of shared memory.
Solace Rolls Out Unified Messaging Platform
Small appliance delivers market data to various programs and people at high and low speeds.
Market Data Priorities Shifting from Low Latency to Low Cost
Buy- and sell-side firms are intensely interested in lowering their market data costs, but the quest for low latency and high throughput isn't over.
Silver Lake’s Hutchins Touts the Cloud, Social Networking as Mega-Trends
Private equity veteran predicts slow recovery but urges financial industry to invest in technology and innovation at SunGard City Day event.
Market Crises Could Be Avoided Through Simplicity, Better Data
Rick Bookstaber, author of the book A Demon of Our Own Design and a former managing director in charge of firm-wide risk management at Salomon Brothers and a designer of derivatives, proprietary trader and market risk manager at Morgan Stanley, first designing and marketing derivative instruments, then as a proprietary trader, made provocative statements about the state of the markets at the SIFMA show yesterday afternoon.
Wall Street Firms Eye Cloud Computing to Help Counter Budget Challenges
A joint IBM/Securities Industry and Financial Markets Association (SIFMA) survey reveals an increase in the level of interest in new technologies and computing models, in particular cloud computing, as firms seek to overcome budgetary restrictions and skills shortages.
Algo Traders Connect To Twitter
Twitter is catching on as a source of news and information for traders, who can feed tweets into their algorithms in real-time to help them make trading decisions.
Lime Brokerage Connects with Progress Apama
High frequency buy-side and broker dealer customers can now employ Apama strategies that can easily connect to Lime Trading System’s high –speed execution platform, with minimal up-front investment.
NYSE, Voltaire Roll Out 10 Gig E Data Fabric
New data fabric for market data applications said to achieve 25 microsecond average latencies at one million messages per second.
Finnish Bank Selects Orc to Support Launch of DMA Services
Newly established Sofia Bank introduces DMA services for Nordic cash and derivatives markets using the Orc Trading platform and connectivity options.
IBM Demonstrates Cloud Computing and Low Latency Messaging at SIFMA 2009
IBM is demonstrating WebSphere MQ Low Latency Messaging, a messaging transport that is highly optimized for the very high-volume, low-latency requirements of financial firms.
SunGard’s Fame Integrates SIX Telekurs Data
SunGard’s Fame Feed and SIX Telekurs’ MDF provide a single data source of world-wide exchange and pricing data.
CME Group Picks StreamBase’s CEP Platform for Options Pricing
Derivatives exchange initially will tap the complex event processing platform to develop models for settlement pricing of options on futures with plans to expand CEP's use into risk management and compliance.
Hedge Funds Must Be Prepared For Swine Flu Pandemic
The H1N1 virus isn't waning, despite the fact that the media is now largely ignoring the epidemic.
CaseCentral Extends eDiscovery Review Platform with Integrated Early Case Assessment
CaseCentral's new platform enables clients to start with ECA and extend through analysis, review, production and post-production re-use, facilitating collaborative assessments of new case merits and liabilities.
Credit Suisse Spinoff Fleshes Out Virtual Sprawl Remedy
DynamicOps, the technology group that spun out of Credit Suisse last year, has a product that allegedly manages virtual desktops and servers, and lets users come in and order their own.
Cowen’s CIO Focuses on Mobility, As-A-Service, Open Source
At New York investment bank Cowen and Company, CIO Daniel Flax has mandated that every new technology project at his firm must meet two of these three criteria.
LIM Advisors Integrates Fidessa LatentZero's Capstone
Multi-strategy investment group uses front-office suite for portfolio management, compliance, trading and operations.
Deutsche Boerse to Offer Economic News for Algo Trading
The German stock market and its recently acquired news agency, Market News International, have developed a feed of economic indicators that algo engines can instantly read and react to.
NYSE And DTCC To Create Joint Venture
The joint venture will be for the clearing of U.S. fixed income securities and derivatives.
TGIF: While Discussing Financial Regs, Obama Slaughters Fly
During a CNBC interview about his new proposal for financial regulation, President Barack Obama made major national news when he efficiently yet violently squashed a fly. This version of the footage has been dubbed with ninja-movie style dialogue.
EMS vs. OMS Revisited: What Should the Buyside to Do?
Blair Kanter, Consultant, offers his vision and suggestions on steps the buy should take when evaluating the OMS vs. EMS.
High Frequency Trading: Red Flags and Drug Addiction
Thoughts from Joe Saluzzi of Themis Trading after attending a High Frequency Trading event by STANY.
NYSE Technologies, Jordan & Jordan Offer Market Data Reporting
The combination of NYSE's data distribution and reporting product with Jordan & Jordan's vendor reporting technology is designed to help customers manage and reduce market-data expenses.
List Provides Access To CME Group’s Globex Electronic Trading Platform
The connection enables List's buy- and sell-side clients to access benchmark products across all major asset classes.
The Urgency and High Price of New Cost Basis Reporting Law
Even while many firms are unaware of new cost basis reporting requirements, the deadline for compliance is fast approaching -- and the cost to comply won't be cheap.
Energy Stars: Wall Street Firms' Sustainable IT Efforts
Strained budgets combined with advances in virtualization technology and energy-efficient equipment are driving Wall Street firms' efforts to make their data centers and broader IT infrastructures more sustainable.
Mitsubishi UFJ Trust Consolidates Trade Processing on Calypso
Japanese institution consolidating front- and middle-office trade processing platforms, hopes to improve risk monitoring and system.
Omgeo Extends Central Matching Platform to Broker/Dealers
Twelve early adopter brokers have now signed on to Omgeo CTM around the globe, including Bank of America Merrill Lynch, Credit Suisse and Deutsche Bank.
Xpyria Automates Trading Via Simple Workflow
Pittsburgh investment advisory firm uses document management software to automate trades, document reviews.
Portware Hires Four to Support Growth
To help support the firm’s rapid expansion, Portware has bolstered its global sales team, adding four industry veterans in New York, London and Hong Kong.
Washington Trust Continues CRM Rollout
Washington Trust Wealth Management is engaged in an enterprise rollout of customer relationship and business intelligence software.
FlexTrade Proposes Technology Solution for Naked Short Selling in Letter to SEC
Lenders of securities should establish real-time databases of stock eligible for borrowing using FIX tagging, advises FlexTrade's CEO.
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