Business Solutions Provider Offers Global Compliance Service; Mutual Fund Compliance Program Launched
INVESTMENT MANAGEMENT NEWSFLASHES
Three Mutual Funds Join Account Management Web Site; Cheswick Investment Company Implements Centralized Data Model; Scottrade Deploys Latest Version of Factor 3 Broker Platform; Vanguard Investments Australia Selects SmartStream Solution
ELECTRONIC TRADING NEWSFLASHES
Citigroup Australia Directly Connects Its Clients to Australian Stock Exchange With CameronFIX SEATS Interface; Cantor Fitzgerald and eSpeed to Establish New World Headquarters in NYC; SG Corporate and Investment Banking to Implement Application Networks Inc.'s JRisk Risk Management System; MB Trading to Be Added on HyperTrader's Online Host System List of Available Brokers
First Hawaiian Bank Opts for Misys' Trade Innovation Solution to Manage Trade Finance Operations
Want More Integrated E-Trading?; Displaying Treasury Data in 3-D; Extending the OMS;
Transparency in Tech Spending
Transparency in spending corporate funds has been - until recently - "nice to have." The change from "nice to have" to "need to have now" has been well publicized, on the heels of fraud cases like those involving Enron and Worldcom, and it has crystallized in the form of the Sarbanes-Oxley Act of 2002.
Wireless holds tremendous potential for financial-services firms, but implementing it across an enterprise is no easy task. Organizations must determine the best applications of the technology, find a way to integrate it with their legacy systems and then secure it all.
In the latest identity-theft scam, fraudulent e-mails trick individuals into coughing up passwords to 'secure' financial data.
Analyzing AML Audits
After years of preparation, regulators are ready to see the fruits of Wall Street's hard work on anti-money laundering.
Remedy for Reference Data
Hedge fund Citadel has reinforced its stronghold on Wall Street with a new data-management platform.
The Dirty ’O’ Word
Data managers are no longer shocking us with talk about outsourcing - some of them are actually doing it.
Three data-management heavyweights step into the ring to discuss the details of data. With Tim Lind, a senior analyst in TowerGroup's investment-management practice, as the moderator, these three experts exchange insight.
After years of watching data disasters due to disparate databases, Wall Street firms are breaking down silos with enterprise integration
Lehman Brothers' senior management understands the value of working with its heads of business lines.
Making Markets Move
The race to become a fast market may lead exchanges to join forces with ECNs.
What do you believe are some of the industry's top growth areas, and how is Lehman using technology to take advantage of these opportunities?
Innovation on the Horizon
Robert Iati, senior analyst at TowerGroup, has spent a lot of time thinking about what the future trading floor might look like.
If you look back at the late-'90s, when new ECNs were being introduced into the marketplace regularly and a huge rivalry had developed between the ECNs and the exchanges, the securities industry's last consideration would have been that the two would join forces.
Judge Sanctions UBS For Missing or Late E-Mails
U.S. District Judge Shira Scheindlin found that UBS personnel deleted E-mails relevant to a gender-discrimination case; some were recovered from backup tapes and some were lost altogether.
Interactive Program Provider Shows Companies How to Limit E-mail Risks; SEC-Approved Business-Continuity Rules Effective Aug. 11; Seattle Northwest Securities Chooses iLumin Assentor to Manage E-mail; Survey Says U.S. Corporations Struggling to Meet First SOX Filing Deadline
MFS Investment Management Buys New mValent Solution; Cohen & Steers Implements CharlesRiver Investment Management System; Web-Based Software Released for Money Managers Concerned About Corporate Practices; Transamerica Targets Consumers With Estate Planning Website Tool
Wachovia Chooses Optinfo for Exception Management; LCH.Clearnet to Use Calypso Technology to Handle Risk Management for SwapClear Service; Irish Hedge Fund Administration Company Tranaut to be Acquired by Global Giant JPMorgan Chase; ADP Offers Access to INET to Increase Transaction Execution Points
Wedbush Morgan Securities to Implement FTEN's "RiskXposure" Risk Management Service; Stuart Frankel & Co. has adopted FlexTrade's "FlexTRADER" Trading and Order Management System; Economist Named Chairman of COESfx Advisory Board
The Philadelphia Stock Exchange (PHLX) recently named Joseph Cusick vice president of regulatory programs.
Investment Management Briefs
Bank of New York Upgrades Information-Delivery and Transaction Platform; QED Releases Improved Portfolio Management System; Dutch Insurer Selects FMCSylvan Software Solution; London Stock Exchange Upgrades Real-time Data Product
TransactTools Brings FIX Certification Testing for Fixed-Income to Market; Lehman Brothers Partners With Bloomberg to Offer Clients Direct Access to Its Algorithmic-Trading Models; FFastFill Is Acquiring Derivatives Software Provider Future Dynamics
Descartes Investment Management Deploys Sophis VALUE for Hedge-Fund Strategy; Landesbank Baden-Wurttenberg Selects Algo Collateral; Neuragenix Joins Mantas Global Alliance Program
Electronic Trading Newsflashes
Tullett Liberty and the Chicago Mercantile Exchange Launch TLFast Electronic Matching Tool for Derivatives Dealers; Integral Development Corp. Hires Gattuso to Push Global Sales of Electronic Foreign-Exchange Products; Patsystems Provides Trading Access to Japanese Exchanges via New Facilities Management Solution; Radianz Sells Its Voice Services Business to WestCom
The system known as Basel II will run parallel to current systems in 2007 and will take over in 2008.
The Flyswatter and the Neutron Bomb: Redefining Mutual Fund Governance
The SEC a last week announced that outside directors must chair mutual fund boards and 75 percent of fund directors must be independent. This is like giving fund boards only two tools: the flyswatter that is easy to wield but has little impact, or the neutron bomb that impacts much but will be used little.
Liquid Capital to Use Rolfe & Nolan System for Derivatives Processing; Abbey Financial Markets Picks Summit Systems for Credit Derivatives, Front-to-Back Operations; FNX to Integrate Risk Analytics From Suite LLC
DSTi Teams With NYFIX to Provide FIX Connectivity; Radianz Names Currenex's Garzilli to Spearhead Business in North America; CSFB Links Algorithmic-Trading Strategies to Portware; MacDonald Associates and Connamara Systems Collaborate on Customer-Service Initiative for QuickFIX