Harris Nesbitt Cuts the Risk in CRM
Despite the dismal track record with implementing enterprise CRM packages on Wall Street, Harris Nesbitt found a start-up with roots in the institutional equity business.
No Touching: Algo Trading Leaps Forward
The way that institutional buy-side traders are managing their order flow is rapidly changing. Gone are the days when buy-side traders just delegated their order flow to their favorite broker.
People & Careers
Citadel's Hirschfeld Joins Asset Control; Hibschman Leaves BGI; Freddie Mac Pushes Operational Efficiency; Keeping Tabs
The Promise of Enterprise VoIP
Financial institutions have long become accustomed to leveraging their data networks and resources across their entire corporate enterprise.
CIO Challenge- SOA
THE CHALLENGE: Legacy systems and inflexible architectures often prevent investment management firms from leveraging applications across the enterprise. To improve interoperability across the organization, many firms are turning to service-oriented architecture.
Industry trade associations ramp up BCP efforts through participation in the Department of Homeland Security's simulation attack exercise.
Financial institutions of all sizes are getting a handle on operational risk to gear up for Basel II.
Slow and Steady
Although corporate actions automation has been talked about for years, most of the industry has yet to make progress toward achieving it.
Marrying Wireless and CRM
As the Blackberry becomes omnipresent on Wall Street, investment management firms are rushing to find compatible CRM products.
A Chip Off the Block
The NYSE's Hybrid model seeks to win back institutional trading volume from the electronic networks.
Do you think the New York Stock Exchange's planned merger with Archipelago is good for the industry?
From Data Geek to Chic
Who knew the data manager would be so in vogue? Over the past few years, data managers have moved up from the basement - literally - and are heading toward the C-suite.
The New Toll Collectors
Cha-ching! Every time a buy-side firm sends an order to a broker or an alternative trading system (ATS), you almost can hear the sound of a cash register ringing.
So Much for Fragmentation
With the merger of Archipelago and the NYSE and the acquisition of Instinet (Inet) by Nasdaq, the over-crowded ECN field of five years ago suddenly looks smaller.
Is This the End of the Floor?
NYSE-Archipelago Merger: If the New York Stock Exchange and Archipelago merge, will the two entities remain separate or will the NYSE floor become a thing of the past?
Hedge Funds Warm To Trading Tools
Hedge funds are interested in tapping direct market access and algorithmic trading tools, but they're not sure how to select and use them.
At the first annual TradeTech conference in New York, buy- and sell-side traders gathered to discuss some of the most pressing issues in the marketplace, including creating a benchmark for algorithms, the NYSE's Hybrid market and the future of the buy- and sell-side relationship.
May the Best System Win
The New York Stock Exchange may be hedging its bet on electronic trading by seeking to acquire Archipelago's all-electronic platform. But, while Nasdaq intends to combine with INET, the NYSE must decide if it will merge its trading platforms.
BOX Moves Ticker to Linux
With minor disruptions and transparency to traders in mind, The Boston Stock Exchange migrates its ticker processing system to Linux.
Power Shift and the OMS
With links to electronic markets and broker algorithms, OMSs are a hub for buy-side traders. But are the trading apps trying to do too much?
Algorithmic Arms Race
With everyone from the postman to your next-door neighbor offering algorithms, what's a buy-side firm to do?
Electronic foreign exchange platforms are growing in popularity. But which trading model will prevail?
The NYSE is considering opening early to capture additional trading volume, and Archipelago may provide the venue.
Christian Hauff has joined Banc of America Securities in its Electronic Trading Services group.
GL TRADE, based in Paris, will provide service bureau connectivity to the International Petroleum Exchange (IPE).
How Will the SEC Rule on Soft Dollars?
With a decision on the use of soft dollars imminent, the industry is pondering how the Securities and Exchange Commission will rule on the controversial issue.
CIBC Taps BofA Securities’ Algorithms
CIBC World Market's Global Electronic Trading Services (GETS) is rolling out access to algorithmic trading strategies to all of its buy-side clients, including quants, hedge funds and mutual funds.
ISE Goes Public
In March, the International Securities Exchange (ISE) kicked off its widely anticipated initial public offering (IPO).
A Note From The Editor
Seth Merrin, Liquidnet's CEO, made two seemingly outrageous comments when speaking at an April trade show on trading technology.
Linda Chatman Thomsen Named Director of the Division of Enforcement at SEC
Amerex Waits For VoIP To Gain More Traction
Amerex isn't ready to migrate solely to a VoIP service from an outside provider. 'Once you've placed all your eggs in one basket, if that feed goes down, you lose everything,' CIO Trudeau says.