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Island: In or Out of SuperMontage? In the midst of a merger with Instinet, Island wavers on participating in the new venture.
Island and Instinet Prepare for Future, But Where Does Single-Stock Futures Fit In? As they construct their post-merger plans, Instinet and Island must decide what path they are going to take in the single-stock futures arena.
Zantaz Releases Outsourced Digital Archiving, Data Restoration and Content Management Service New Digital Safe platform highly scalable with almost-instantaneous retrieval of electronic documents.
Clearing the Air Continuous linked settlement, or CLS, promises to mitigate much of the counterparty risk involved with settling high-value interbank payments. Wayne Ferguson, vice president, global cash management, will be responsible for positioning Deutsche Bank's CLS third-party services globally and agreed to participate in an e-mail interview with BS&T senior associate editor Ivan Schneider. Here are some excerpts from that discussion.
ELECTRONIC TRADING * Macgregor signs an agreement with Omgeo.
* Interactive Brokers launch Universal Account.
* Chicago Board of Trade signs a deal to install Eyretel Inc.'s. Insight Viewer.
MARKET DATA * Deutsche Bank will centralize its management of securities pricing, reference and corporate actions data with Asset Control software.
* S&P enters into an agreement with GFI to deliver GFI's real-time market data across S&P's Comstock feed.
* StatPro offers its 136 asset management clients access to a range of indices.
RISK-MANAGEMENT TECHNOLOGY * Decsioneering partners with CCH Incorporated to integrate its Open Crystal Ball Monte Carlo simulation functionality into the latest version of CCH Enteract financial-planning software.
* The National Australia Bank licenses OpVantage's OpVar operational-risk-measurement software.
* FEA and SAS partner to deliver FEA's pricing libraries within SAS Risk Management.
INVESTMENT-MANAGEMENT TECHNOLOGY * TNS partners with IBSN, Inc. to offer a new approach to order routing for financial customers.
* Managed Objects announces that its Formula software has been implemented in the U.K. by Fidelity Investments.
* Netik announces the launch of CiQ.
OPERATIONS * Mercator Software, Inc. announces that it is providing an integrated STP solution to First State Investments Limited.
* Omgeo announces that thirteen firms sign on as"Early Adopters" of its Omgeo CTM STP platform.
* DTCC elects James V. Umberger to managing director.
SIA SHOW: Keynote Panelists Debate the New Reality Keynote panelists review the events of the last five years and try to come up with a clear picture of the financial-services industry today.
SIA SHOW: Protegent Releases BrokerAudit Version 3.0 for Firm-Wide Compliance Protegent releases an enhanced version of its BrokerAudit software for automated compliance, sales practice and risk management for broker/dealers and securities firms.
SIA SHOW: Nasdaq to Launch SuperMontage-Driven German Exchange The Nasdaq Stock Market partners with a group of German banks and brokerage firms and plans to launch an all-electronic, SuperMontage-driven German stock exchange.
SIA SHOW: VMUs: A Landscape in Flux Though it will undoubtedly develop to be one of the most important segments in the institutional-processing chain of tomorrow, the virtual-matching landscape has yet to take on its final form.
SIA SHOW: Thomson Touts Products in Midst of Management Shakeup Thomson Financial ties together all of its major brands and services -- including ILX, Autex and Beta -- under one umbrella, to present a unified front to the industry.
SIA SHOW: HillCast Tackles Streaming-Wireless Trading Institutional traders who fear leaving their office in these volatile markets can now cut the desktop tethers, thanks to a new wireless-streaming product that will let them trade from their handheld device.
SIA SHOW: Moneyline Telerate Launches Global WebStation Nine months after the acquisition of Telerate from Bridge Information Systems, the new owner, Moneyline Telerate, is strutting its stuff.
SIA SHOW: ILX Boosts Fixed-Income Content With the end of a Telerate exclusive on Cantor Fitzgerald bond prices, ILX Systems has been beefing up its fixed-income content and will be demonstrating that through an evolving product called FI Focus.
SIA SHOW: Electronic-Trading Notes ITG Hong Kong Ltd. launches an Asian version of Posit -- ITG's flagship electronic stock crossing network; The New York Mercantile Exchange starts trading emiNY crude oil and natural gas contracts on June 17; OneChicago launched a new Web site.
SIA SHOW: Operations Notes State Street Corporation and Seligman announce that they have signed a letter of intent to expand their existing relationship to include outsourcing of operations support for Seligman's $25 billion in assets under management.
SIA SHOW: Market-Data Notes Standard & Poor's expands its CreditWire ratings and research information service with several new features.
SIA SHOW: Investment-Technology Notes Macgregor announces that the State of Michigan has selected the Macgregor Financial Trading Platform to automate its equity and fixed-income trading; Financial Models Company Inc., announced that Burgundy Asset Management Ltd., has chosen FMCSylvan as its performance-measurement solution; Financial Fusion, Inc. announced the general availability of TradeForce Suite GlobalFIX.
SIA SHOW: Wall Street & Technology Editor Wins Business-Press Award Robert Sales has won the American Society of Business Publication Editors' bronze award for his story published in the Nov. 2001 issue of WS&T, "PHLX and NYSE Lend the Amex a Helping Hand."
SIA SHOW: HyperFeed Jumps on the Java Bandwagon with New Software Development Kit Addressing customer requests and the acceptance of Java on the Street, HyperFeed releases Java-based development kit for market-data integration.
SIA SHOW: NASD's ADF: In Need of FIX? ECNs that rely heavily on the FIX messaging protocol may have to think twice about posting their Nasdaq quotes on the so-called ADF that the National Association of Securities Dealers is currently developing.
SIA SHOW: SunGard Integrates RiskMetrics into Asset-Management System SunGard Asset Management partners with RiskMetrics to integrate its portfolio construction and analysis modules of its WealthBench platform into SunGard's AddVantage Web-based asset-management system.
SIA SHOW: Bullrun Targets Performance Attribution If you're an institutional-equity money manager shopping for a real-time decision-support system that helps you dissect your performance, then you're in luck.
SIA SHOW: SIA's BCP Committee Gives Update While business-continuity planning and disaster recovery are still fresh on everyone's mind, the SIA's Business Continuity Planning Committee is set to report on its progress.
SIA SHOW: Princeton Financial Develops Trade-Matching Interface Princeton Financial Systems developes an interface that will allow its clients to link their PAM portfolio-management and accounting systems to Omgeo Oasys Global via Omgeo AutoMatch.
SIA SHOW: Avistar Hopes to Lure in Clients Via Video and Voice Integration Avistar Communications Corp. comes to this year's SIA Technology Management Conference and Exhibit hoping to convince more financial-services firms that the integration of desktop voice and video applications is indeed the wave of the future.
SIA SHOW: Eagle, Now Under the Mellon Umbrella, Continues to Grow Eagle Investment Systems is continuing to grow and develop new software as part of the Mellon Financial Corporation.
SIA SHOW: NYFIX Gets FIX With Javelin Nyfix began building a Financial-Information-Exchange engine to use internally; it alos considered making it available on a commercial basis. However, after surveying its competition, it opted against it. Javelin Technologies, after all, was at that point a rising star in the new FIX market.
SIA SHOW: Morgan Stanley Adopts Web-Services for Debt Issuance Morgan Stanley is developing an electronic-client-management and issuance system for euro-medium-term notes with Marketpipe and Sun Microsystems.
SIA SHOW: Barra Targets Smaller Clients With Risk-Analysis Product Moving into the ASP area to service a wider range of clients, Barra is announcing the beta version of its BarraOne product at this year's SIA Technology Management Conference and Exhibit.
SIA SHOW: NeoNet Demos Nasdaq Interface NeoNet forms a partnership with SunGard Trading Systems/Brass to provide its clients with access to Nasdaq's soon-to-be-launched SuperMontage network.
SIA SHOW: Industry Running Out of Time For 15022 Conversion Financial institutions that make use of SWIFT standards, such as ISO 7775, are facing a stiff November deadline for converting to the new 15022 standard.
SIA SHOW: Despite Economy, Tech Show is On Track Considering the economic climate financial-services firms find themselves in today, it wouldn't be a shock to anyone if this year's SIA's Technology Show and Exhibit was a shadow of its former self.
SIA SHOW: SunGard/Brass Pushes Into Listed Stocks SunGard Trading Systems/Brass will emphasize its push into the listed-equity markets at this year's SIA Technology Management Conference and Exhibit show.
SIA SHOW: Wall Street Braces for E-mail Audits Electronic-communication storage and retrieval have become a hot topic as major Wall Street firms have been accused of misleading investors and blurring the lines between research and investment-banking activities.
SIA SHOW: Raymond James Embraces Mobile-Contact Management Raymond James is taking advantage of a new handheld contact-management system, called ECM Express, being unveiled today by Comprehensive Software Systems.
SIA SHOW: Exhibit Hall Shakeup A tough economy means some prominent names are nowhere to be found at this year's show but, surprisingly, new names abound.
BREAKING NEWS: Weinstein, ILX Founder,To Leave Thomson Bernard Weinstein, president of Thomson Financial's Sales and Trading Group, and founder of New York-based real-time market data vendor ILX Systems Inc., is retiring.
SuperDF, Alternative Montage, and the S-Word: A Hitchhiker's Guide to Complexity Nasdaq market participants have been confronted with a new and ever-expanding lexicon that purports to describe the future of our business.
SIA SHOW: Mercator Integrates With BEA With the goal of saving customers time and money, Mercator and BEA will offer STP-focused financial-services firms a pre-integrated package of connectivity solutions and application servers.
Axioma Releases Decision Support Tool for Optimizing and Re-balancing Portfolios Axioma releases its PortfolioPrecision software for portfolio managers to improve the decision-making process, handle more accounts efficiently and manage risk.
Citibank Adds Functionality to Structured Finance Web Site Citibank enhances its Web site for structured finance investors and clients to provide batch downloading of deal documents and reports, secure access to private deal information and personalized aggregation of existing deals.
SIA's Institutional Transaction Processing Model Released The final version of the Securities Industry Association's Institutional Transaction Processing Model has been released.
MARKET DATA * Iverson enters deal with the Amex to distribute its daily-data feed of exchange-traded funds portfolio composition information to Amex member firms and other users.
* Dow Jones Newswires signs agreement with Logical Information Machines for its Dow Jones Electricity Indexes.
* Reuters offers software tools to directly connect with stock exchanges.
RISK-MANAGEMENT TECHNOLOGY * Suncorp Metway uses Flametree Software's Sienna product for fixed-interest-risk management and performance attribution.
* BlueBay Asset Management selects SunGard's integrated Panorama and Decalog solution for real-time risk management, order management, trading and portfolio management.
INVESTMENT-MANAGEMENT TECHNOLOGY * Chicago Equity Partners, LLC selects MFTP to automate its equity- and fixed-income trading.
* TriAct will officially commence operation on June 19, 2002.
* Apt Computer Systems Limited announce the release of its FIXcel software product.