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Post-SocGen, Firms Increase Focus on Risk
Better communications and same-day affirmation for derivatives trading are among major concerns for financial firms who want to reduce risk.
John Hancock Funds Launches Redesigned Adviser Center
Site meant to lure financial advisors with tax, proposal help.
Virtual Sprawl Hits Wall Street
Rapid server virtualization has set the stage for a new malady known as 'virtual sprawl.' Here's what Wall Street firms are doing about it.
Wealth Managers Grade Themselves Poorly on Process
Software company Northstar recently polled 5,500 wealth managers and found that on a scale of 0 to 80, the average wealth manager scored his firm a 32 in ability to offer best-in-class, holistic and personalized service.
Bank of America Investing in Energy Management
New energy efficient diagnostic tools part of $20 billion energy efficiency plan
JPMorgan Chase to Digitize Financial Statements, Invoices, Checks
By the end of next year, more than 3,000 employees around the world will be using the Oracle document management software.
Markit Hires Morgan Stanley Credit Head
Armins Rusis joins Markit's executive board after 17 years with Morgan Stanley.
FTSE Rolls Out Frontier Index
Ready for investors to venture into Qatar, Sri Lanka, Vietnam.
E-Discovery: IT Execs Are Overconfident and Underprepared
A new study shows that there is a big disconnect between IT executives' perceived and actual litigation readiness.
Roman Bank to Use SunGard Derivative Valuation Service
La Banca di Credito Cooperativo di Roma will use the service to value structured products.
Bloomberg/Reuters Rival Preparing U.S. Launch of Mobile Apps
On September 1, London-based Blue Systems will stage a U.S. launch of two new low-cost ($10 and $20 per month) global news applications for professional traders to use on their mobile devices. The blue mobile applications are designed to deliver worldwide news to the traders ahead of traditional internet and TV new vehicles such as cnbc and more cheaply than Bloomberg or Reuters desktop applications, over Blackberry, Windows Mobile and Sy
Charles Schwab Launches Virtual Community for Active Traders
Exclusive environment lets clients blog, access live Webinars and share ideas about trading strategies and tactics.
Patsystems Signs Deal With G.K. Goh Financial Services
Deal will allow G.K. Goh and its customers access to Patsystems' J-Trader solution.
NYSE Brokers to Receive Algo Trading Software
Pragma Financial tools will give floor brokers the chance to use algorithmic execution software.
Tullet Prebon to Provide Financial Market Data to RiskMetrics
TPI and RiskMetric sign multi-year agreement.
JPMorgan’s FCS Corporation Acquired By Markit
Combined organization to have 400 financial institution customers.
Bombay Stock Exchange Joins TSN Network
Major companies outside of India now have access to BSE trading market.
GE Asset Management Enabling a Mobile Workforce
Karen Higgins-Carter
Former Ameritrade CIO Richard Rzasa Has a New Life(Lock)
Twenty-four year securities industry veteran joins ID theft protection vendor as CIO
Most Fund Administrators Worried About Backoffice Errors, Study Finds
Eighty-four percent of senior managers at fund companies and fund administrators are concerned that manual processes are affecting their ability to control errors, according to a study released today by software company Confluence. The survey had 115 respondents, 40% of them C-level executives.
Correlix Teams Up with Endace on Latency Measurement
Latency expert taps Endace for time stamping of complex trading environments.
The Dark Side of Google SMS
A sketch comedy group called The Vacationeers has created a series of videos about Google extras. In this fourth episode of The Googling, Google SMS, a young man uses text messaging and gets more than movie times:
State of the Reuters-Thomson Union
Like a wartime marriage, the merger of Thomson and Reuters 90 days ago occurred in the harshest of market conditions - the subprime mess quickly led to losses and layoffs among the companies' largest customers - and the merged entity appears to be feeling the strain. Thomson Reuter's stock price has dropped in the last few weeks due to worries that its business will be affected by the Wall Street job cuts.
Mexican Exchange Upgrades Trading Platform
The Mexican Derivatives Exchange plans to use Realtime Systems Group's RTS.
SR Labs Connects To BATS
SR Labs to enable connectivity to BATS through its Low Latency Order Management System.
BOC International Goes Live On New Wealth Management Platform
New solution supports 100 frontline client management users.
Talk to Walt (Bettinger)
Charles Schwab Corp. named Walter W. Bettinger II as its new CEO, replacing the discount brokerage's founder.
Cisco Global Exchange Study Ranks Latency Among Top Success Factors in Competitive Race
Exchanges Tackle Latency and Competitive Pressures of Dark Pool Entrants
Clearwater Launches Money Fund Transparency Platform
After burning their fingers on mortgage-backed securities, and with financial markets still in turmoil, investors are demanding greater transparency, Clearwater says.
ISE Building New Options Platform
Daniel Friel
Boosting Performance, Capacity Goals for ICE CTO Marcial
Edwin Marcial
Exchange Status, Lower Latency Top Priorities for BATS
Chris Isaacson
NYC Brokerage Revels in the Joys of Paperlessness
One of the ironies of office life is that often, the more tasks are automated, the more paper documents abound -- software that's supposed to obviate the need for paper documents tends to end up generating even more paper than before. But New York City-based retail and institutional brokerage Bishop Rosen is going truly paper-free this summer, by scanning and digitizing all printed documents, and users are relishing the freedom from paper.
New Asset Classes Next on Instinet's Radar
Christopher Rogers
Standard & Poor’s Launches Global Backtest Database
Company says it's the first-ever international backtester
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