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News & Commentary
Content tagged with Trading Technology posted in October 2007
Data Centers Are Understaffed, Over Budget and Breaking Their SLAs, Survey Finds
News  |  10/30/2007  | 
Cutting costs and consolidating/virtualizing servers are top priorities for data center managers, who are struggling mightily to meet service level agreements and staff their data centers properly, according to a study Symantec released today. The company polled 800 data center managers at very large, Global 2000 companies who manage an average of 14 data centers each. (Although it's probably better known as a
Vhayu Offers Real-Time and Historical Order Book Analysis
News  |  10/29/2007  | 
As order books get bigger - the Tabb Group recently estimated that in just equities and options, the volume of market data messages across the global exchanges will soar from under four billion messages per day in 2006 to nearly 130 billion per day by 2010, as the number and variety of trading venues increases, as trades become smaller (e.g. 100 shares per order), as cancels and replacements accelerate, and as Reg NMS and
Financial Firms to Spend $28.5 Billion on Wealth Management IT By 2012
News  |  10/25/2007  | 
Wall Street firms are ready to spend on new wealth management technology, according to a report released today by Datamonitor that predicts spending on wealth management IT in North America, Europe and Asia-Pacific will reach $28.5 billion by 2012.
NYSE Euronext and Partners to Create Electronic Block Trading Market for European Stocks
News  |  10/24/2007  | 
NYSE Euronext has partnered with two European investment banks BNP Paribas and HSBC to develop an electronic block-trading platform for large orders in Pan European stocks in a move that positions the exchange to operate a dark pool under the Markets in Financial Instruments Directive (MiFID).
The Repercussion of MiFID and Reg NMS in the U.S.
News  |  10/24/2007  | 
U.S. institutions must educate themselves on the differences and similiarities between the two regulations to ensure they know the rules and are able to comply.
Larry Tabb Predicts Financial Trends for 2008
Commentary  |  10/24/2007  | 
Larry Tabb of TABB Group discusses the trends that, although not new, will gain significance in the coming year.
Wachovia Greens Its Data Centers
News  |  10/24/2007  | 
Wachovia has just completed a state-of-the-art data center in the Birmingham, AL area and is 18 months into a 36-month effort to relocate and overhaul many of its data centers for the dual purposes of reducing energy consumption and achieving geographic diversity. "We are being smarter about how we deploy data centers and using technology that's more efficient in terms of power consumption, heat dissipation and cooling," says Thomas Caddoo, vice president, Corporate and Investment Banking Techno
Economical iSCSI Storage Area Networks Appearing In More Large Business Operations
News  |  10/23/2007  | 
An affordable iSCSI storage area network can power enterprise-class business continuity.
How Are U.S. Businesses and Lawmakers Responding to Data Breaches?
News  |  10/23/2007  | 
Nearly 77 million individuals have been affected by data breaches so far this year. But even after suffering a data breach, 46 percent of businesses failed to implement encryption solutions and 82 percent did not seek legal counsel prior to responding to the incident -- even though they had no prior response plan in place.
Financial Firms Continue to Struggle to Plug Security Loopholes
News  |  10/23/2007  | 
New technologies, such as pattern analysis, as well as awareness and training can help financial services firms keep attacks at bay.
Connectivity Booms in Emerging Markets
News  |  10/23/2007  | 
As asset flows chase hot returns in emerging markets, global order-routing networks are increasing connectivity.
Fearless Investors Jump Into New Markets
Commentary  |  10/23/2007  | 
While too much fear can paralyze the decision-making process, a healthy balance of fear and risk taking just might help avoid the next market crisis.
Rule 22c-2 Won't Work, Says Study
News  |  10/22/2007  | 
According to survey results released earlier this month, the recently effective SEC Rule 22c-2 may not be the end-all solution for mutual fund market timing abuses.
Merrill Lynch Rolls Out Middle Office Outsourcing to Hedge Funds
News  |  10/19/2007  | 
As we reported back in January, hedge funds are eager to outsource their middle- and back office functions, due to the growing complexity of these functions as hedge funds grow and offer more exotic products, as well as the difficulties of dealing with corporate actions regulations and Sarbanes-Oxley. Surveys over the last couple of years have shown that hedge funds a
Euroclear Hires Michael Shipton as Managing Director and Head of Corporate Technology
News  |  10/17/2007  | 
Euroclear is currently developing a new technology platform to consolidate all of its securities-settlement activities -- from Belgian and French to U.K. securities -- onto one processing system.
Bank of New York Mellon’s Pershing Advisor Solutions Hires Mark Tibergien as new CEO
News  |  10/17/2007  | 
Pershing Advisor Solutions provides financial business solutions to more than 1,150 institutional and retail financial organizations as well as independent registered investment advisors.
Reuters Launches New Enterprise Data Management Solution Offering Full Automation
News  |  10/17/2007  | 
The ability to deploy a comprehensive and cost-effective enterprise data management strategy allows participants to improve the management of trading and operational risk.
Milestone Unveils Flagship Funds Processing Solution in the U.S.
News  |  10/17/2007  | 
The Flagship Funds processing solution is used primarily for cutting NAVs on mutual funds.
What Can AMD and Intel’s Quad-Core Chips Do for Wall Street Firms?
News  |  10/17/2007  | 
New chips offer the ability to run applications faster and consolidate servers. But they also may require old applications to be rewritten.
Schwab, Investment Managers Prepare for Retirement Boom
News  |  10/17/2007  | 
Millions of baby boomers are about to retire and move their money into new vehicles. How will financial advisers cope with the deluge?
Asset Flows Move to Hedge Funds, says TABB Group
News  |  10/17/2007  | 
Most fund managers believe the growth of active-extension funds will increase as the pressure for increased yield and increased fees push traditional managers into this new area.
Mass Affluent Use Online Banks
News  |  10/17/2007  | 
With an increasing number of high net-worth consumers now using Internet-based financial insitutions, traditional banks must rise to the challenge or face losing out.
Gen X Has Biggest Demand for Financial Solutions, Offers Wealth of Opportunity to Financial Insitutions
News  |  10/17/2007  | 
Gen Xers have greatest need for financial solutions out of any age group. But financial institutions need to provide more transparent guidance to earn their trust.
Financial Firms to Increase IT Hiring in Fourth Quarter
News  |  10/17/2007  | 
Corporate growth is driving the need for more IT staff in the financial industry. But the market for skilled candidates is increasingly tight.
Exchange Market Share Set to Decline Due to Competition from Nimble Dark Pools and ECNs
News  |  10/17/2007  | 
Aite Group expects to see an increasing decline for the exchange market share as NYSE, NASDAQ and regional exchanges struggle against price-competitive ECNs and dark pools.
Buy Side Firms To Spend $586 Million This Year on Research Tools
News  |  10/17/2007  | 
Buy side firms will spend $586 million on research technology this year and $1.1 billion in 2010 -- a compound annual growth rate of 22%, according to a report put out today by the Tower Group. The reasons for all this investment are diverse: "Instead of depending largely on broker research, buy-side research has become a complicated process that aggregates internal analysis, broker research, independent research, outsou
Deutsche Borse and Chi-X Win Approval for MiFID Trade Reporting License
News  |  10/17/2007  | 
Earlier this week, Germany's Deutsche Borse and Chi-X Europe, a Pan European alternative trading system, operated by a subsidiary of Instinet, each said they received regulatory approval to offer a trade reporting service for off-exchange equity trades.
New Online Investing Site Covestor Presents A Threat to Fund Managers
News  |  10/11/2007  | 
A new competitor called Covestor has quietly rolled onto Wall Street and is hoping to dine on the lunches of mutual fund and hedge fund managers. "We want to de-institutionalize money management and funds management," says Perry Blacher, director of marketing and co-founder of Covestor. "We're taking on the guys in the big corner offices with wood paneling who rely on people's laziness," he says.
BREAKING NEWS: Thomson Plans to Spin Off TradeWeb
News  |  10/10/2007  | 
Thomson Financial announced today that nine of Wall Street's leading bond dealers are investing about $180 million to purchase a minority stake in the electronic trading platform for fixed-income securities and derivatives.
Jobs Are Up, But Not Mortgage-Related Ones
News  |  10/5/2007  | 
Overall, the employment news was good today -- the Labor Department issued a report that found that U.S. employers added 110,000 jobs in September. But at the same time, several bulge-bracket firms acknowledged job cuts this week, mostly in the fixed-income and mortgage units, and mainly in response to hits taken from the subprime lending fiasco.
SIBOS Update: Negroponte Lays Out His Vision for $100 Laptops
News  |  10/3/2007  | 
Nicholas Negroponte made a stir at SIBOS with an early-morning speech about his $100 laptop project.
SIBOS News: Wall Street Systems To Host Derivatives Processing Solution
News  |  10/2/2007  | 
Wall Street Systems, a provider of treasury, trading and settlement solutions and services, announced at SIBOS this week that it's now hosting its BackOffice software. The company will act as an application service provider for those firms that don't have the interest or resources to develop and maintain software for securities and derivatives operations.
Reuters Enters the EDM Ring
News  |  10/2/2007  | 
At SIBOS this week, Reuters announced that it has developed an enterprise data management system. Most people are familiar with Reuters Market Data System, the firm's real-time market data platform. What Reuters is adding here is a reference data system (for historical data) and an enterprise integration engine for working with data from other sources.
SIBOS Bulletin: BofA CEO Says Confidence in Markets Can Be Restored
News  |  10/1/2007  | 
In the opening keynote speech at SIBOS today, Kenneth Lewis, CEO of Bank of America, spoke of the state of the financial market, the confidence that has been lost, and how that confidence can be restored, along the way evoking Garrison Keillor's Lake Wobegon.
SIBOS 2007 Snippet: BT and Low Latency
News  |  10/1/2007  | 
As traders require lower and lower data latency, firms are developing innovative protocols to shave milliseconds off of trade messages
TradingScreen Raises Over $100 Million in Private Equity Deal to Keep the EMS Provider Independent
News  |  10/1/2007  | 
TradingScreen, a global player in the execution management system (EMS) space, has raised over $100 million from private equity firms to restructure the ownership of the company and to cash out existing investors.

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