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News & Commentary
Content tagged with Trading Technology posted in May 2008
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BNY Mellon CIO Kurt Woetzel Receives Award
News  |  5/29/2008  | 
Pace University is recognizing Woetzel for his work in technology education
Northern Trust Upgrades Passport
News  |  5/29/2008  | 
New system integration tool designed to help asset service clients
Security Breach Affects BNY Mellon, People’s United Bank
News  |  5/29/2008  | 
4.5 million customers potentially exposed by missing backup tape
Risk Management IT Spending Will Rise With Increased Commodities Markets Volatility
News  |  5/29/2008  | 
The growth of global commodities trading volumes will require new compliance systems that address the entire trading chain.
The Need for Holistic Fraud Management
News  |  5/29/2008  | 
Recent incidents prove that firms must take a holistic approach to risk management in order to effectively detect and prevent fraud.
Latency Risk Exposure On the Rise
News  |  5/29/2008  | 
In 2008, 16 percent of all U.S. institutional equity commissions are exposed to latency risk, totaling $2 billion, according to a new report from the TABB Group.
Great American Advisors to Launch New Fee-Based Advisory Platform
News  |  5/28/2008  | 
Cincinnati-based investment firm to deploy FundQuest platform, services
Deutsche, Merrill Reveal Recession-Proofing IT Strategies
News  |  5/28/2008  | 
Deutsche Bank, Merrill Lynch and other Wall Street firms are using smart IT strategies to weather both bust and boom cycles.
Financial Firms Still Coming to Grips With E-Discovery
News  |  5/28/2008  | 
Despite the penalties for inadequate e-discovery capabilities, many firms still are challenged to establish effective programs.
Mark Palmer of StreamBase Responds to CEP Article
News  |  5/28/2008  | 
Palmer argues that CEP is a mature technology given that CEP's use on Wall Street is expanding and now includes public customers such as the FSA and Turquoise.
RBC Capital Markets Modernizes its Middle Office
News  |  5/28/2008  | 
London-based investment bank RBC Capital upgrades to GL Clearvision
Bell Direct Offers Text Message Trading
News  |  5/28/2008  | 
Australian brokerage uses Sybase 365's mobile trading gateway
Mitsubishi UFJ Securities Rates Group Getting A Tech Makeover
News  |  5/28/2008  | 
The rates trading group at Mitsubishi UFJ Securities, part of Mitsubishi UFJ Financial Group (the largest financial institution in the world in total assets), is putting new technology behind its approach to relative value pricing and dissemination of market data. The group, which was formed in March 2006 and now employs 50 people, is installing a real-time tick database and low-latency price distribution technology.
Merrill Lynch Plans to Virtualize Half Its Desktops
News  |  5/27/2008  | 
Merrill Lynch is placing a big bet on emerging virtualization technology that's driven by IT management cost savings.
Keeping Tabs
News  |  5/23/2008  | 
Cox Joins Barclays; Northern Trust Promotes Daswani; The Depository Trust & Clearing Corp. Names Four Members to Board of Directors.
StreamBase Hires Apama’s Mark Palmer as President and COO
News  |  5/23/2008  | 
Back-office applications are becoming more closely tied to front-office applications, says CEP expert.
Citisoft Hires Christopher Connors as Business Development Head
News  |  5/23/2008  | 
The investment management consultant's clients are looking to optimize their operational and IT spend as well as 'improve process efficiency without the funding that has been available in prior years,' Connors says.
Magee Joins Information Mosaic as COO
News  |  5/23/2008  | 
Kevin Magee, who will lead the company's expansion, says Information Mosaic needs to continue creating products that will satisfy the needs of a market heavily dependent on customization in order to run its business.
Goldman Sachs Enhances REDIPlus EMS
News  |  5/23/2008  | 
Version 8.0 of GSET's REDIPlus proprietary execution management system includes a revamped front end, additional foreign languages, and expanded algorithmic offerings.
Capgemini Partners With Teradata to Create Compliance and Operations Platform
News  |  5/22/2008  | 
The new platform will enable holistic regulatory reporting and monitoring of trade status issues.
Riskdata Offers New Version of FOFix
News  |  5/22/2008  | 
For version 3.1 of the risk management service for hedge funds, Riskdata partnered with hedge fund database vendors.
In a Tumultuous Economy, Wall Street Must -- and Will -- Find a New Model
Commentary  |  5/22/2008  | 
As fixed-income markets falter and write-downs proliferate, investment banks need to discover new opportunities and new ways to manage risk.
Case Study: Morgan Stanley Taps BladeLogic to Simplify Complex Application Deployment
Commentary  |  5/22/2008  | 
Operations Manager solution allows Morgan Stanley's Global Wealth Management Group to increase change management capacity and improve execution quality in high change-velocity environment.
How to Recession-Proof Wall Street IT
News  |  5/22/2008  | 
Former Wachovia IT guru Tony Bishop offers a three-step process to recession-proofing Wall Street IT organizations.
Optimizing the Web for Sales
News  |  5/22/2008  | 
Fund companies should view the Web as a 24/7 wholesaler that can extend a broader reach to investment advisers than the distribution team of any single asset manager, says kasina.
Trading Positions to Plunge Due to Subprime Crisis
News  |  5/22/2008  | 
In North America and Western Europe, markets are expected to have 20,000 fewer trading positions in the next three years.
Client Relationships Are Key for Wealth Managers
News  |  5/22/2008  | 
Aite Group study finds that subject matter expertise and listening skills are most important to clients in building a strong financial planning relationship.
Business Analysts Are In Demand
News  |  5/22/2008  | 
Business analysts with derivatives experience and knowledge of exotic products can expect a higher boost in salaries.
Interdealer Brokers Should Be Feeling Good About Themselves
News  |  5/22/2008  | 
The top interdealer brokers (IDBs) will see revenue growth as volume in over-the-counter (OTC) markets continues to increase. In addition, barriers to entry will keep the IDBs fairly safe from the threat of new competition.
Low-Latency Technology Outpacing Programmers' Capabilities
Commentary  |  5/22/2008  | 
As Wall Street turns to multicore processors to handle growing data volumes and reduce latency, firms are having a hard time finding programmers with expertise in writing code for parallel processing applications.
CEP Gathering Momentum, New Use Cases
News  |  5/21/2008  | 
Adam Honore, senior analyst at Aite Group, has just completed a worthwhile report on complex event processing (which I loosely define as technology that can perform analytics on streams of extremely fast-moving data) on Wall Street. After conducting interviews with captial markets technologists, vendors, standards organizations and data providers, Honore has come to several conclusions, among
High-Performance Server Brings Low Latency to Java Apps
News  |  5/20/2008  | 
Java's popularity - according to IDC, more than $11 billion, or 20% of worldwide server spend, was devoted to Java servers in 2005 and analysts estimate that number is growing 15-20% annually - is sweeping the Street, at least according to anecdotal evidence. "There are four areas in which we've succeeded in the last 18 months: derivatives trading, risk analysis, hedge funds and foreign exchange," reports Ram Appalaraju, vice president of marketing at Azul Systems, maker of a Java acceleration a
Marketcetera Targets Buy-Side with New Open Source Algo Trading Platform
News  |  5/19/2008  | 
A community of buy-side users building automated trading systems are testing the open source platform.
UBS Co-Head of IT Neil Sarnak Leaves Company
News  |  5/19/2008  | 
UBS says he played a key role in the development of a more "efficient IT operating model."
Securities IT Spending to Reach $136 Billion This Year
News  |  5/19/2008  | 
Gartner says financial services IT budgets are in a "holding pattern"
Portfolio Rebalancing Tool Scales Up
News  |  5/19/2008  | 
Advisor Software lets firms rebalance 1,000 portfolios at a time
A Freeze in Auction-Rate Securities Opens a Door for the Restricted Securities Trading Network
News  |  5/19/2008  | 
In the wake of the credit crisis, a platform designed to trade restricted stocks is rescuing investors trapped in auction-rate securities.
CA Cheuvreux Partners with InfoReach to Provide Access to European Algorithms
News  |  5/16/2008  | 
Demand for European algorithms prompts CA Cheuvreux to join InfoReach's sell-side network.
JPMorgan to Build Out High-Speed Data Fabrics
News  |  5/16/2008  | 
Bear Stearns and JPMorgan both recently signed on with low-latency data management provider GemStone
SkyGrid Aggregates, Filters News for the Street
News  |  5/15/2008  | 
Traders, institutional investors, research analysts - really, who doesn't want to be able to see the latest news related to companies in which they've invested in or might want to invest? The challenge is being able to sift through the oceans of data available via news services, national and local publications, email newsletters, websites, blogs and social media to see the most relevant news the instant it happens, and be able to tell at a glance whether it's time to buy, sell or hold. A growing
Deciphering the Myths Around Complex Event Processing
News  |  5/15/2008  | 
Real-time analysis of streaming data is catching on, but industry experts say CEP is still an immature technology.
How the NYSE Achieves Low Latency
News  |  5/13/2008  | 
Steve Rubinow, CIO of NYSE Euronext, shares the exchanges' latest efforts to reduce data latency
The Low-Latency Race
News  |  5/13/2008  | 
Today's latency standard is 65 microseconds, down from 6 milliseconds two years ago, according to TABB Group.
Staying on Top of the Data Crush
News  |  5/13/2008  | 
To combat mounting data challenges, firms are moving beyond dual-core processing into multi-core processing and co-locating at exchange sites.
Sybase Launches Shared Data Platform For Trade Data Analytics
News  |  5/12/2008  | 
Sybase this morning announced a shared data service intended to enable all parties who deal with market data - traders, quantitative analysts, portfolio managers, risk managers, compliance officers and others - to work from the same page.
Volante Rolls Out Market Data Integrator
News  |  5/9/2008  | 
Volante aims to reduce the latency typically introduced by the aggregation, normalization of market data
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