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GFI Delivers STP for FX Options Trading, and more GFI Delivers STP for FX Options Trading, FRI Launches Security Master.NET, IFBS Hires Ricciardi for U.S. Expansion Into Securities Lending
Mantas Selected by Bear Stearns for Anti-Money Laundering and Compliance, and more Mantas Selected by Bear Stearns for Anti-Money Laundering and Compliance, Nasdaq CIO Testifies on Benefits of Electronic Trading and Resiliency of Capital Markets
Nasdaq Aims OrderView Data Feed at Algorithmic Traders, and more Nasdaq Aims OrderView Data Feed at Algorithmic Traders, Securities Hub Renews Contract With Communicator for Fixed-Income Portal, Deutsche Bank Enters Global Software License With Trading Technologies, Reuters to Carry Data and Connect With Dubai Exchange
Messaging Reportedly Makes Financial Industry Vulnerable to Compliance Breaches Orchestria's findings indicate that most policy breaches are due to a misunderstanding of policy rather than malicious intent.
To Have and to Hold The acquisition of Macgregor, the buy-side order management system (OMS), by ITG, the agency broker and transaction cost analysis provider, has stirred the market over the need for a front end.
Price Joins TowerGroup Tom Price joined TowerGroup as a senior analyst in its Capital Markets research service.
Galper Exits TABB Group, Launches Vodia Group Josh Galper left his position as a senior consultant at TABB Group to form research and advisory firm Vodia.
Ameritrade CIO Hirji Promoted to COO Ameritrade promoted CIO Asiff Hirji to COO. In his new role, Hirji is responsible for trading systems and back-office clearing and settlement functions - which he also supported as CIO for the past three years.
Product Watch: Adobe Integrates Financial Documents Enterprisewide, and more Adobe Integrates Financial Documents Enterprisewide; Dynamic Hedge Fund Analysis; Business Continuity Messaging
Data: A Sea Change Ahead If I'm reading the tea leaves correctly, we're on the verge of a sea change in the way organizations manage data.
CIO Challenge - IT/Business Alignment Despite the attention paid to aligning IT projects with business priorities, many CIOs still struggle to understand the business' needs. To truly achieve IT/business alignment, firms must integrate their management teams closely to build trust over time.
Riding the SOA Wave Now that firms understand SOA, they are starting to build adaptable infrastructures that can meet today's changing business needs.
Boosting BCP At New York-based Lehman Brothers, BCP continues to be a top priority.
BCP: Expect the Unexpected The July terrorist bombings had only a minor impact on London's financial community, mainly because of existing business continuity plans. However, as a result of the tragedy, firms on both sides of the Atlantic are revisiting their procedures.
Harnessing Data Financial services firms know that timely and accurate data leads to better business decisions (and also keeps regulators happy).
New ATSs Arise to Fill a Void New alternative trading systems are emerging in response to the consolidation of U.S. equity markets and the adoption of Reg NMS.
Follow the Leader A soft dollar ruling by the United Kingdom's FSA has the attention of U.S.-based financial institutions. Will the SEC follow the FSA's lead?
Securities Police Go High-Tech NYSE Regulation is arming its examiners with tools to identify risk at member firms, brokers and branches.
Financial IT Megatrends In addition to traditional IT spending, financial services institutions will invest another $100 billion in external spending on business process transformation by 2010, according to TowerGroup president and chief executive Karen Cone.
Outsourcing for Operational Efficiency Regulatory pressures and an increasingly competitive market are forcing more and more financial institutions to turn to outsourcing as a way to improve their operational strategy, according to a recent survey conducted by the Economist Intelligence Unit and Plano, Texas-based technology provider, EDS.
Basel II Falls Flat Despite increased efforts, banks are less certain about the benefits of Basel II compliance, according to a recent survey by Accenture.
BCP: Murphy’s Law Applies Prior to the London bombings in July and the recent disaster along the Gulf Coast caused by Hurricane Katrina, studies and grumblings in the corporate world indicated that business continuity planning (BCP) was no longer a top priority.
Advent Software Launches Advent Portfolio Exchange, and more Advent Software Launches Advent Portfolio Exchange, Tamarac Releases Advisor 5.0
Gravitas Technology Signs Manhasset Capital for Its Outsourced Compliance Solution,and more Gravitas Technology Signs Manhasset Capital for Its Outsourced Compliance Solution, Fifteen Financial Institutions Convene to Tackle Business Continuity Issues
Financial-Services Firms to Double Offshoring in Three Years: Survey Low-value IT activities such as infrastructure management already are being sent offshore by 42 percent of those surveyed, with another 17 percent to do so during the next three years.
IT Spending to Rise 4.3 percent in 2006, Forrester Predicts While 53 percent of respondents expect IT budgets to increase, only 7 percent foresee decreases.
Security Becomes Financial Watchword Banks and other financial firms are using technology to make sure data doesn't fall into the wrong hands.
SEC Votes to Publish Guidance on Soft Dollars, and more SEC Votes to Publish Guidance on Soft Dollars, ITG Plans to Acquire Plexus Group for $12 million, TradePortal.com Launches Service Bureau, BT Global Services Promotes Edelstein to Head New Financial Vertical
Clearstream Readies New Securities Lending Service, and more Clearstream Readies New Securities Lending Service, GL Trade Launches UBIX Publisher for Accessing Back-Office Information
L.A. Blackout Fells More Nets Than Hurricane Katrina Katrina and the outage in Los Angeles prove that American businesses still haven't decided how vital constant connectivity is to business continuity.
HP and Sun Announce New Game Plans HP and Sun are trying to revive their standings in the IT industry with waves of new products. Will they convince customers they're still leaders?
Strong Growth in the Hosted E-mail Market Fueled by Concerns Over Security, Archiving and Compliance; and more Strong Growth in the Hosted E-mail Market Fueled by Concerns Over Security, Archiving and Compliance; Postini Announces Integrated Message Management for Enterprises
HSBC Selects GoldenSource’s Data Management Platform, and more HSBC Selects GoldenSource's Data Management Platform, DTCC Develops Central System for Tracking Buy-Ins, Shadow Financial Services Provides Direct Link to BoNY
Algorithmic Trading Platform Expands Into FX Market, and more Algorithmic Trading Platform Expands Into FX Market, LineData Partners With Thomson Financial to Redistribute LongView Trading OMS, BondDesk Group Names Robinson to Run TIPS and TechHackers
FIX Organization Tests Fast Protocol, and more FIX Organization Tests Fast Protocol, BNP Paribas Deploys Grid Computing for Credit Derivatives, CME Launches Emerging Markets Incentive Program, SunGard to Link STN to SWIFTNet FIX
Bloomberg Fixed Income Trading Links to LongView Trading, and more Bloomberg Fixed Income Trading Links to LongView Trading, Northern Trust Selected Correspondent Services Provider by Commerce Bank & Trust, Tel Aviv Stock Exchange Selects SunGard for SWIFT Connectivity
Investigo Signs Practice Management System Deal With Ameritrade Advisor Services, and more Investigo Signs Practice Management System Deal With Ameritrade Advisor Services, JPMorgan Worldwide Launches New Portfolio Reporting Technology
Division Of Labor ABN Amro's move to tap five outsourcers to handle its IT needs may lead to lower costs and reduced risk, since it won't depend on a single vendor. Just add good managers.
Lessons Learned: Exchange Doubles Up Backup Many companies 'woke up' quickly following Sept. 11, and money was no object for the next six months, but this initial enthusiasm has waned, says New York Board of Trade's Gambaro.
Investment Management Newsflashes: Advent Software Announces Upgrades, Russell Investment Group Implements Charles River IMS Advent Software Announces Upgrades to its Leading Axys Portfolio Management Platform, Russell Investment Group Implements Charles River IMS
Operations Newsflashes: Transaction Network Services Penetrates South Africa with Peresys, Lehman Exec Joins Clearing Corp. Board Transaction Network Services Penetrates South Africa with Peresys, Rondal H. Filler Joins The Clearing Corporation Board of Directors
Electronic Trading Newsflashes: Nikko Systems Solutions Taps Iris Financial, and Track ECN, TNS Deliver Trade Execution Nikko Systems Solutions Taps Iris Financial to Build Bond Trading System, Track ECN and TNS Secure Trading Extranet Deliver Trade Execution to Shared Customers
ABN Amro Taps Five Vendors In Massive Outsourcing Initiative Dutch bank expects to save more than $250 million annually; the deals represent largest contracts to date for offshore vendors.