Placing Smart Bets on FX
This week saw quite a stir in the foreign exchange waters, with some big-name players making moves into the FX space and rocking the boat. Interdealer broker ICAP announced last Friday the acquisition of London-based electronic FX trading vendor EBS Group while Lava Trading (New York) on Tuesday revealed what it calls a "major initiative" to introduce an interbank foreign exchange trading platform.
What's interesting about the EBS deal is that the company is owned by a consortium of 13 of the
Merrill Lynch Investment Managers Get New FX Solution From State Street, New Boston Investment Manager Chooses Advent's Geneva, and New Hires From ING Investment Management and Sanders Morris Harris Group
ISE Enters the Stock Exchange Business With Strategic Partners, BAS Appoints Almgren to Head Quantitative Strategies for Equities, Gain Capital Closes $40 Million Equity Investment
Shake It Up
A new industry forecast from IBM anticipates major changes in the global financial markets by the year 2015.
Researchers from the IBM Institute of Business Value have looked into their crystal ball and what they see is troubling for many players in the global financial services industry. According to a new 10-year industry forecast, electronic trading, regulatory pressures and interest in emerging markets will change the very foundation of the world's capital markets businesses.
Johnson Enjoys View at Financial Network
Albert Johnson has joined Financial Network Investment Corp. (El Segundo, Calif.), part of the ING Advisor Network of independent broker-dealers, as chief compliance officer.
Jim Bailey has been hired by asset manager OppenheimerFunds as SVP of IT infrastructure. He will be responsible for the oversight of corporate technology functions, including data centers, networks, desktop systems and telecommunications.
WS&T Radio: JP Morgan Automates IT Controls Monitoring
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By Greg MacSweeney, Editor
Following a near decade-long transformation, the IT Controls group in JP Morgan's Investment Bank is rapidly automating many of the traditionally manual controls that surround application development and maintenance, says Brian Mitchell, vice president of technology controls. By a
Tony Soprano and My Social Security Number
We live in a world of trust. We want to believe that everyone is good, and Ozzie and Harriet live next door. Unfortunately this world does not exist -- especially online.
Chase.com Architect Leaves JPMC
Michael Mazza, known as "the father of chase.com," has left JPMorgan Chase (JPMC), where he led the development of the Web business, to form and serve as managing director of recruitment firm PRI Technology, the IT-focused New York-based presence of Perennial Resources International.
IPC’s Next-Generation Turret
IPC (New York) lifted the curtain on its next-generation trading desktop, IQ/MAX, which enters beta testing in April and will be available in June.
Elemental Unveils ESP v2.0
Elemental Security released version 2.0 of its policy and risk management solution, the Elemental Security Platform (ESP).
High-Volume Stream Processor
Aleri Labs launched the Aleri Streaming Platform, a development platform for processing real-time streaming data feeds.
The investment community was fixated on hedge fund SEC registration for months leading up to the February 2005 deadline, especially managers who were challenged to file their Form ADVs.
Application Portfolio Management
At large financial services firms, tracking and monitoring IT applications can be difficult. Employing a portfolio management model, however, can increase efficiency, reduce costs and streamline IT operations.
TD Ameritrade's CIO tightens vendor management in a consolidated environment.
Trading Off the News
Wall Street firms are working with XML news feeds that turn news events into data signals. Will the next set of algorithms be based on news feeds?
Fischer Francis Trees & Watts becomes the first asset manager to use the FIX 4.4 message standard in a live environment.
Assembling the Risk Puzzle
For Fairfield Greenwich Group, aggregating an accurate risk picture across externally managed vehicles requires flexible solutions.
Logistics of E-Delivery
An SEC proposal would make the Internet the default mode of delivery for shareholder proxy voting materials, but is it a good idea?
Nowadays, it takes a lot more to get a reaction from most people -- another death in Iraq, another corporate scandal, another serial killer. Next. It seems we're numb to even the most-horrific news.
GAO Chides SEC for Vulnerable Data
The U.S. Securities and Exchange Commission is among a growing number of governing bodies criticized for failure to protect sensitive data.
Reg NMS Turns 1
This month marks the one-year anniversary of the passage of Regulation NMS, which was approved by the Securities and Exchange Commission on April 6, 2005, paving the way for a more interactive, electronic marketplace.