Vhayu Offers Real-Time and Historical Order Book Analysis
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
Wachovia Greens Its Data Centers
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
How Are U.S. Businesses and Lawmakers Responding to Data Breaches?
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.
Rule 22c-2 Won't Work, Says Study
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.
Mass Affluent Use Online Banks
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.
New Online Investing Site Covestor Presents A Threat to Fund Managers
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
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
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 News: Wall Street Systems To Host Derivatives Processing Solution
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
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.