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News & Commentary
Content tagged with Trading Technology posted in January 2008
Fidessa LatentZero and Pipeline Partner on Leak-Proof Integration
News  |  1/29/2008  | 
Fidessa LatentZero's partnership with Pipeline Trading Systems LLC will give buy-side traders the ability to match up large block trading opportunities in Pipeline ATS with orders on their blotter without risking information leakage.
First Coverage Adds Quote Feeds to Help Buy-Side Assess Sell Side Trade Ideas
News  |  1/29/2008  | 
Toronto-based First Coverage is adding quote feeds from global exchanges to its Web-based software, allowing the buy-side to further quantify the value of trading ideas and other research they are getting from the sell-side.
Online Options Brokers Should Target Women and Generation Y, Survey Shows
News  |  1/25/2008  | 
Chicago-based OptionsHouse rolled out the results of its first annual survey and it found that 91 percent of options traders are men and that 57 percent are between the ages of 45 and 54 years of age.
Financial Crossing Releases Liability Manager 3.0
News  |  1/24/2008  | 
Liability Manager 3.0 features a customizable front end that can be configured for self-service on a Web portal.
TraceSecurity Launches Risk Manager Solution
News  |  1/24/2008  | 
Risk Manager enables companies to protect confidential data from physical and electronic threats, as well as demonstrate a verifiable and repeatable methodology for security
Guardian Analytics Launches Easy Fraud Prevention Solution
News  |  1/24/2008  | 
FraudMAP does not require fraud rules development or algorithm training, according to Guardian Analytics.
NSX Names Saro Jahani as SVP of IT
News  |  1/24/2008  | 
Former Townsend Analytics executive Saro Jahani is named senior vice president of IT at the National Stock Exchange (NSX)
6 Reasons to Adopt an Enterprise Architecture
News  |  1/24/2008  | 
A Cutter Associates study of enterprise architectures in buy-side asset-management firms cites six reasons why these firms should adopt a framework and structure for enterprise architecture.
ITG Releases Triton in Asia Pac
News  |  1/24/2008  | 
Investment Technology Group (ITG) has launched its Triton execution management system (EMS) for the Asia Pacific region. Buy side traders will have access to more then 30,000 equities across the Asia Pacific markets.
Columbus Avenue Chooses SuperDerivatives As Independent Platform for Valuing Credit Derivatives
News  |  1/23/2008  | 
Hedge fund administrator Columbus Avenue Consulting, LLC, selected the Super Derivatives Credit derivatives platform, SD-CD, to price its hedge fund clients' portfolios of credit default swaps. The decision points to a growing demand for independent valuation sources, as hedge fund portfolios are hedging or placing bets on the fixed-income market using credit default swaps or indexes.
BGC Partners
Trading Floors  |  1/23/2008  | 
BGC Partners, a fixed-income, inter-dealer broker, spent the end of the year gearing up for two important technology upgrades.
Trade Reporting, Surveillance Key To Compliance
News  |  1/22/2008  | 
With increased regulatory focus on protecting securities market participants, trade reporting and trade surveillance are key to providing transparency, efficiency and oversight for today's trading environment.
Financial Firms Spent $285 Million on Corporate Actions Technology in 2007
News  |  1/22/2008  | 
An Aite Group study found that spending on corporate actions technology has been rising dramatically since 2004.
Global Trading Technology Spend Reached $45.8 billion in 2007
News  |  1/22/2008  | 
The U.S. accounts for around 35% of the total global spend on trading and related technology and services.
All Trading Desks Are Not Equal
News  |  1/22/2008  | 
With all of the resources spent on giving traders an edge, asset managers are benchmarking their trading capabilities to learn how they stack up.
Asset Managers Start Benchmarking IT Projects Against the Competition
News  |  1/22/2008  | 
As the technology that asset managers use in all parts of the business matures, firms increasingly are questioning how their technology strategy compares to that of the competition.
Application Lifecycle Management Speeds Product Delivery at Raymond James Financial
News  |  1/22/2008  | 
Application lifecycle management (ALM) tools are being adopted at Raymond James Financial to improve time to market time to market and reduce IT inefficiencies.
The Term Web 2.0 Is Fading Away
Commentary  |  1/22/2008  | 
Web 2.0 is rapidly becoming the Internet as we know it. Soon, people will refer to Web 2.0 applications as, simply, the Web.
Data Center Engineering Needs To Consider Consumption
Commentary  |  1/22/2008  | 
The modern data center must be crafted with regard to resource consumption so financial firms can obtain enough power to efficiently manage data, analyze the markets and route orders.
Buy Side Firms Start Taking Enterprise Architectures Live
News  |  1/22/2008  | 
AIG, TIAA-CREF, Freddie Mac and other asset management firms have begun not only building formal enterprise architectures, but benchmarking them against others' as well.
Forex Lowers Latency By Upgrading Its Messaging Platform
News  |  1/22/2008  | 
Foreign exchange brokerage Forex Capital Markets had to reduce data latency to less than one second. Its answer lay in adopting multicasting and deploying a new messaging solution from 29West.
Lehman, NYSE, CME, Forex Capital Pursue New Latency Killers
News  |  1/22/2008  | 
Data compression, network redesigns and distributed memory are some of the new approaches that organizations such as Lehman Brothers, the New York Stock Exchange, the Chicago Mercantile Exchange and Forex Capital Markets are exploring to eliminating data latency.
Citisoft Hires Christopher Russo as Managing Director
News  |  1/22/2008  | 
Russo will develop business opportunities, key client relationships and performing executive level project management duties across the front, middle and back-office within the buy-side technology and operations space.
Axelrod Named CEO at Cogency
News  |  1/22/2008  | 
Jeffrey Axelrod, the founding CTO of the funds of hedge funds software provider, has been named CEO
Client Reporting Is Key, But Still Lacking Resources
News  |  1/22/2008  | 
Client reporting is critical to customer satisfaction and retention. But automation and other resources in the area still are lacking.
Enhanced Shared Assessments Program Can Make Audits Speedier
News  |  1/22/2008  | 
The Collaborative Software Initiative (CSI) recently joined the Shared Assessments Program, automating the questionnaire by providing a web services front-end application for collection and editing shared assessment submissions and an XML schema for validating and accepting those submissions as XML documents.
Progress Releases Smart Order Router Accelerator
News  |  1/22/2008  | 
Progress Software has released its Progress Apama Smart Order Router (SOR) Accelerator to help traders quickly and effectively create and deploy smart order routing strategies.
Performance Measurement Often Is Manual, Reveals CutterBenchmarking Study
News  |  1/20/2008  | 
CutterBenchmarking report found that firms varied wildly in their performance measurement capabilities, although there was no relationship between their overall score and either their size or major asset type.
Brokerages Still Fail to Offer Full Web-Based Banking Services
News  |  1/20/2008  | 
New Corporate Insight report suggests only 40 percent of brokerages can truly be considered a full 'bankerage,' defined as a brokerage that offers traditional banking products, including FDIC-insured savings and checking accounts, with all accounts accessible via a single Web login.
Financial Firms Need to Improve Their Use of Web 2.0 Technologies
News  |  1/20/2008  | 
A new report by kasina argues that Web 2.0 technologies -- including blogs, wikis and mashups -- could yield powerful advantages and that firms are missing out on great opportunity.
6 Tech Issues Wealth Managers Must Address To Meet Client Expectations
News  |  1/20/2008  | 
Wealthy clients are considering more-sophisticated strategies for managing their assets and are requiring a great deal more from their providers.
Fixed-Income Products Fail to Go Fully Electronic
News  |  1/20/2008  | 
New research from Celent reveals that not all types of fixed-income securities are experiencing rapid electronification.
Asset Management Firms Slowly Automating Corporate Actions
News  |  1/18/2008  | 
Asset management firms are trying to automate corporate actions, but custodians need to catch up.
Back-Office Staffing Difficulties to Continue
News  |  1/18/2008  | 
Hedge funds and mutual funds will continue to have difficulty staffing their back offices in 2008.
Data Consolidation Can Help Financial Advisers Gain Client Trust
News  |  1/18/2008  | 
With wealthy individuals employing the services of multiple financial advisers, becoming the most-trusted adviser now requires a comprehensive picture of the client, Aite Group reports.
Rescuing Amex Is A Smart Move for the NYSE
News  |  1/18/2008  | 
The acquisition of the American Exchange by NYSE Euronext represents the end of one of the largest lost opportunities and disappointments on the exchange front as well as the beginning of a new opportunity for the NYSE.
What's Behind NYSE Euronext's Acquisition of Wombat?
News  |  1/15/2008  | 
NYSE Euronext has agreed to pay $200 million in cash to acquire Wombat Financial Software, a leader in low-latency trading, data messaging and market data management solutions.
Lime Brokerage Acquires Stake in CBOE Stock Exchange
News  |  1/9/2008  | 
Lime Brokerage has acquired a minority stake in CBOE Stock Exchange, a subsidiary of the Chicago Board Options Exchange (CBOE).
Vhayu Extends Low Latency Trading Platform To Options, Futures
News  |  1/7/2008  | 
"As the need for low latency and the ability to accommodate increasing message volumes migrates to other asset classes beyond equities, how do you deal with that?" asks Sang Lee, managing partner of Aite Group, in explaining the significance of Vhayu's announcement today that it's adding new data feed handlers to its Velocity streaming tick processing software.
Wall Street Firms to Spend $38.2 Billion on IT in 2009, Says Celent
News  |  1/2/2008  | 
Are Wall Street firms going to significantly increase IT spending in the coming year, as a Wall Street & Technology survey conducted last fall indicated, or will the subprime-related losses force those budgets to be slashed? A new report from Celent stakes a conservative middle ground -- it predicts IT sp

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