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News & Commentary
Content tagged with Trading Technology posted in April 2013
And The Buy-Side Trading Technology Advantage Goes To....?
Commentary  |  4/30/2013  | 
In a world where trading alpha creates a competitive advantage, trading skills and acumen may be king, but trading tools are the great enabler and equalizer.
After the Hash Crash: Worrying About the Next Glitch
Commentary  |  4/30/2013  | 
After last week's Hash Crash, James Angel of Georgetown University told CNBC he's worried about the next glitch. Circuit breakers are in place, but he's not sure how they will react when the next stress hits.
Cloud Adoption Rapidly Gaining Speed in Financial Services
News  |  4/29/2013  | 
Many banks no longer want to run, support and maintain technology and prefer the speed and flexibility of cloud solutions.
Nasdaq OMX to Re-Launch PSX for Exchange Traded Products
News  |  4/29/2013  | 
Offers new market maker programs with economic incentives to reward individuals who meet quoting requirements on a per-security basis.
TradingScreen Adds FX Functionality for Dodd Frank Compliance
News  |  4/29/2013  | 
The firm's EMS now offers midpoint pricing on FX pre-spot, forwards, NDFs and swap deal types, ahead of the regulation's deadline on May 1st.
Fidelity Focuses on Windows 8 With New Trading App
News  |  4/29/2013  | 
Key features in the app include a U.S. market summary showing quotes for the Dow Jones Industrial Average, NASDAQ Composite Index, Russell 3000 Growth Index.
Industry Inertia Hampers E-Trading
Commentary  |  4/28/2013  | 
Institutional traders see some value in fixed income electronic trading, but a lack of a regulatory push and the desire to maintain existing business models is causing inertia in the move to electronic trading methods.
American Century Names New Head of Quantitative Research
News  |  4/26/2013  | 
American Century names former BlackRock/BGI exec Vinod Chandrashekaran as head of quantitative research.
Bankers Could Soon Face Jail For Reckless Behavior
News  |  4/26/2013  | 
A UK banking commission is currently debating the proposal, with many in favor of punishing reckless acts with jail time.
Where’s The Growth In The Electronic Bond Market?
Commentary  |  4/25/2013  | 
The U.S. corporate bond market is notable for both its size and growth, but the electronic market isn’t growing as fast as some predicted.
Who Was Really Behind The Twitter Hack That Wiped Out $136 Billion?
News  |  4/25/2013  | 
While the Syrian Electronic Army claimed responsibility for the attack, the FBI, SEC and CFTC are now investigating the hack.
BlackRock Strikes Alliance with MarketAxess for Corporate Bond Trading, Scraps Plans for ATN
News  |  4/24/2013  | 
The money manager is partnering with MarketAxess to seamlessly integrate its fixed income trading portal with BlackRock's Alladin system to source liquidity in corporate bonds, while nixing plans for its own buy-side crossing network.
4 Ways To Stop Twitter Hacks That Swing The Markets
News  |  4/24/2013  | 
The fake AP tweet this week left traders and quants scratching their heads over their vulnerability to breaking news on social media.
Negative Sentiment Create Headwinds for Apple
Commentary  |  4/23/2013  | 
As Apple's valuation continues to slide, investors wonder if there is an upside for the technology pioneer's stock price.
CQG and Continuum Join Forces With AlgoFast
News  |  4/23/2013  | 
The AlgoFast platform will be able to integrate market data with its wide range of indicators to power algorithmic execution strategies.
ConvergEx Names 30-Year Industry Veteran as CEO of UK Broker-Dealer Unit
News  |  4/23/2013  | 
Joseph Cangemi, who is a member of SIFMA's Equity Markets and Trading Committee, will head ConvergEx Limited in London.
Amid Conflict of Interest Debate, New SEC Chairman To Appoint Enforcement Lieutenant
News  |  4/22/2013  | 
The appointment follows the departure of Robert Khuzami, who revamped the division in the wake of the financial crisis with a record number of enforcement cases.
Regulators vs HFT Firms Debate: Who Blinks First?
News  |  4/19/2013  | 
The confusion around high frequency trading and algorithmic trading is not helping the discussion of new regulations.
Patent Issued to RealTick EMS for Staging of Electronic Orders
News  |  4/18/2013  | 
The U.S. patent was issued to Eze Castle Software Group for proprietary technology in RealTick EMS that allows traders to stage electronic orders in a neutral account without committing to a specific broker.
Banks Must Focus On IT Employee Engagement, Not Just Compensation
News  |  4/18/2013  | 
Over 1,000 banking and securities IT staff and managers who responded to the InformationWeek 2013 U.S. IT Salary Survey examining their views on compensation, job satisfaction and other workplace-related trends.
More Foreign Tech Workers Could Soon Bring Skills To Wall Street
News  |  4/17/2013  | 
Vocal supporters of the new law include Facebook's Mark Zuckerberg and Cisco's John T Chambers.
When Every Penny Counts, Firms Must Operate Smarter Through Deeper Data Analysis
Commentary  |  4/17/2013  | 
As financial firms go through budgets and expenses with a fine-tooth comb, they need to analyze data in an intelligent way.
Linear Investments Selects TradingScreen's TradePrime
News  |  4/17/2013  | 
Hedge fund manager Linear Investments picked the multi-asset EMS, integrated with position management and OMS functionality, compliance and risk, all delivered via the cloud.
Linear Investments Selects TradingScreen’s TradePrime EMS/OMS
News  |  4/17/2013  | 
London-based investment management firm selects TradingScreen’s buy side front-office solution including EMS, OMS and risk functionality.
The End of Dimon, Blankfein & Co
News  |  4/16/2013  | 
It’s “proxy season” again, that time of year when shareholders, at least lately, have been shaking things up.
FlexTrade Integrates EMS with OneMarketData
News  |  4/15/2013  | 
The integration with OneMarketData's single solution for complex event processing and tick data will enable users of FlexTrade's EMS to develop strategies based on real-time and historical data.
Bloomberg Adds Advanced Features To Anywhere App For iPad
News  |  4/15/2013  | 
More than half of Bloomberg Anywhere users access the Bloomberg Professional service on mobile applications.
Nasdaq OMX FinQloud R3 Meets SEC/CFTC Regulatory Requirements, Say Consultants
News  |  4/15/2013  | 
Two separate studies of FinQloud's record keeping and record retrieval solution say the technology will meet stringent regulatory demands.
Global PC Sales Go From Bad to Worse
News  |  4/12/2013  | 
PC sales have declined at a faster rate than expected throughout the world, according to a new Gartner report.
Barclays Partners With Clients To Create Liquidity and Transfer Risk
News  |  4/12/2013  | 
With the new feature, a portion of the client’s order is automatically transferred to Barclays’ central risk management book.
Paulson Eyes New Hedge Fund for Tax Exiles
News  |  4/12/2013  | 
Wounded by huge losses and some staggering tax bills, Paulson eyes new fund to help other tax victims. Plus, funds attract $11B in February and the SEC seeks a hedge fund budget boost.
Barclays Unveils Automated Capital Commitment for Algo Trading
News  |  4/12/2013  | 
The feature —available for equity algorithmic trading — allows buy-side clients to gain access to liquidity while transferring risk and lowering the cost of execution on each algorithmic order.
Explosive Data Growth Has Financial Firms Seeking Data Center Efficiencies
News  |  4/12/2013  | 
With 50% annual growth rates in data, financial services organizations are struggling to handle the volume. Some firms are turning to flash memory to improve efficiency and lower costs.
UBS appoints Oliver Bussmann as Group CIO
News  |  4/12/2013  | 
Former SAP and Allianz executive named as group CIO of UBS.
The Wealth Management Model of The Future
News  |  4/11/2013  | 
Firms are continuing to look for ways to better control the client experience. Here are some of the key issues they need to think about if they want to compete.
Financial Services Specific Cloud Offerings Continue to Increase
News  |  4/10/2013  | 
More service providers are offering cloud solutions tailored for financial firms, as costs drop and regulatory concerns are addressed.
Struggling HFT Firms Focus On New Technologies
News  |  4/9/2013  | 
High-frequency trading firms face declining profits and increased scrutiny. But microwave and other new technologies are helping keep them in the game.
Quantopian and Upgrade Capital Offer Algo Development Competition
News  |  4/9/2013  | 
The competition will offer students with an interest in quantitative finance the opportunity to gain hands-on experience with algo development.
Wall Street Employees Gain A New Way Of Staying Compliant On The Road
News  |  4/8/2013  | 
With increased regulation and a more mobile workforce, financial firms are looking for solutions to keep their employees compliant both in and out of the office.
New Applications for Commercial Lending May Help Banks Increase Profitability
News  |  4/8/2013  | 
Misys is the latest technology provider to offer improved functionality for commercial lending institutions.
Are Banks Using Social Media Effectively?
News  |  4/5/2013  | 
Wall Street firms are increasingly using social media to communicate with customers and to make trading decisions. But is it working?
SEC Loosens Social Media Stance: Beware of CEO Tweets at 2 AM
Commentary  |  4/5/2013  | 
The SEC’s decision to allow public companies to share data on social media networks such as Facebook and Twitter raises implications for investors and traders.
Bloomberg Integrates Live Twitter Feeds With Financial Platform
News  |  4/4/2013  | 
Bloomberg Professional service says it is the first financial information platform to give investors the ability to incorporate tweets into their decision-making process.
SAC’s Steve Cohen Didn’t See This One Coming
News  |  4/4/2013  | 
There's nothing like a scorned ex-wife to bring down a powerful man.
Worldwide IT Risk Spending Slows Down More Than Expected
News  |  4/3/2013  | 
As the memory of the financial crisis begins to wane and firms’ new, improved risk management practices become operational, worldwide IT risk spending is slowing at a faster rate than previously expected.
After 30 Years As a Regulator, Schapiro Becomes Bank Consultant
News  |  4/2/2013  | 
A lifelong regulator, Schapiro joined the government straight out of law school.
How To Play The Scale Game Successfully
News  |  4/2/2013  | 
As permanent and profound changes to the trading environment affect market participants, firms’ ability to scale effectively will increasingly depend on a changing and more intelligent relationship with technology.
High Frequency Trading Loses Its Luster
News  |  4/1/2013  | 
With profits down due to lower volumes and declining volatility in U.S. stocks, high-frequency traders face growing pressure to find new markets and innovate when speed is not enough.
Will The Insider Trading Case Against SAC Be Too Tough To Prove?
News  |  4/1/2013  | 
In the weeks leading up to his arrest, SAC portfolio manager Michael Steinberg apparently told friends he knew he would be indicted but that he expected to beat the charges.
PDQ Enterpises Inks Deal with Orbis Systems
News  |  4/1/2013  | 
Retail institutional clients will gain direct access to PDQ's ATS and "electronic algorithmic trading crowd" via the Orbis trading platform.

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