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ECNs, Demutualization and Alliances Dominate Electronic Trading Landscape
ECNs have forced the NYSE and NASD to seriously consider re-inventing themselves.
Operations: A Year of Consolidation and Preparation
1999 was a year of sweeping change in the financial services technology industry, including the growth of ECNs and online trading.
After-Hours, IPOs and Wireless to Boot!
1999 sees the continued ascendance of the Internet, after-hours trading, wireless trading, free real-time quotes and online private placements.
Market Data: Y2K, Capacity Planning and the Internet
The $6 billion market data industry faces exponential growth due to decimalization and the potential for linked options exchanges.
OMS, FIX and the Internet -- Buy-side Technology 1999
Buy-side technologies, such as order management systems and various Internet plays, come into favor in 1999.
https://www.informationweek.com/
ECNs have forced both the NYSE and NASD to seriously consider reinventing themselves.
Visible Markets Rolls Electronic Trading Application for Structured Bonds
The system will run electronic auctions for collateralized mortgages and asset-backed securities.
IN BRIEF
The Deutsche Borse, International Petroleum Exchange, Brut and GlobeNet Capital Corp.
Document Management Picks Up Speed
According to a recent study on document management, 80% of respondents expect their companys annual DM expenditures to increase over the next five years.
Sometimes the Help Desk Could Use a Little Help
Now that time has quelled the techno-anxiety posed by Y2k, IT consultants can relax as end users smoothly operate at their workstations, right? Not exactly.
MathWorks Links to Bloomberg, Live Data for Efficient Modeling
Bloomberg and The Math Works team to offer a product for developing financial and analytic models.
Visualization Lends a Hand to Risk Arena
Data visualization technology is expected to increase in visibility with the recent merger of two leaders in the field, Visual Insights and Visible Decisions.
OM and Morgan Stanley to Develop European Stock Exchange
OM Group and Morgan Stanley Dean Witter have teamed up to launch a new online European stock exchange, dubbed Jiway.
Tradescape.com Gobbles Up MarketXT
Tradescape is expected to integrate the MarketXT trading system with its own and route orders to MarketXTs ECN.
DB Ponders Restructuring
The Deutsche Borse A.G. will restructure its ownershipeither via a private placement or an initial public offering
SEC Gives Green Light to Fully Automated Options Market
Separately, the ISE signs an allocation agreement with NASDR, the Nasdaq Stock Markets regulatory arm.
Buyside Behind
Fund managers are lagging behind investment banks in e-commerce.
W-Trade Releases New 401k Application for Hand-held Devices
W-Trade Technologies has extended its wireless application suite to include w-401k, a portfolio management and trading application suited for investors and fund managers.
Gateway to Go Live with FIXChange.net
Gateway Financial Solutions has just gone live with FIXChange.net, a network for connecting buy- and sell-side traders directly to independent floor brokers on the floor of the New York Stock Exchange.
Dresdner Gestion Follows Its Own Portfolio Management Path
Dresdner RCM Gestion has opted for Décalogs IDÉE.
Fund Companies Grapple with Tech Issues on International Expansion
US mutual fund companies contemplate distributing their funds in Europe.
EBOT, The Missing Link?
Pending member approval, the CBOT will soon give birth to a new electronic exchange that could compete with CBOT's pits and create the first-ever cross-listings war in the U.S. derivatives markets.
Interactive Data and DBC to Expand Offerings Through Merger
Plans are to expand internationally with a new European financial site.
Brokers Scramble to Add B2B Sites for Buy Side
As e-commerce pervades the brokerage community, the buy side is beginning to see services never imagined before the advent of the Internet.
U.S. Plays Catch-Up with Europe in WAP Mobile Phones for Financial Services
Two European firms are within months of providing trading over so-called WAP (wireless access protocol) phones.
Fleet Boston Opts Not to Live Sans SANs
Storage area networks appear to be climbing up the shopping list of securities industry CIOs.
Output Technology Launches Printing Product for the Future
Output Technology Solutions is planning to launch an online order and subscription product for ordering future documents.
Seagate Releases Enhanced Web Reporting Tool
Seagate Software has released Version 8 of its Crystal Reports product for Web report creation and distribution.
CyBerCorp Enhances CyBerTrader 2.0 with Options Trading
CyBerCorp.com has added options trading functionality to its CyBerTrader 2.0 trading platform.
Cantor Exchange Files to Trade Agencies
The Cantor Exchange has filed with the Commodity Futures Trading Commission to trade U.S. agency contracts.
TradeCast Introduces New and Enhanced Trading Software
TradeCast Securities has expanded and enhanced its trading technology for both the professional and the individual investor.
Juggling Technology Relationships
IT departments are being faced with a slew of decisions about the right technology mix and vendor relationships for the company.
YesTrader To Offer ASP Model, Web Connectivity
ASP model will extend electronic access to exchanges such as the Paris Bourse, the Deutsche Borse and the International Securities Exchange.
GlobeNet ATS Selects Javelin for FIX
Intends to use Javelin's FIX interface to receive OTC BB order flow from FIX-enabled broker-dealers, institutions and ECNs.
IN BRIEF
IP Holding, Chase Manhattan Bank, BISYS and the SIA.
FinPortfolio.com Enhances Portfolio Analysis and Management Site, Looks to Syndicate Offerings
Site now offers a portfolio aggregation feature and a tax impact calculation feature.
Bloomberg Tradebook Talks "Sweep" with E-Crossnet in Europe
Institutional customers of Bloomberg's Tradebook ECN to sweep orders into E-Crossnet's four intra-day crosses.
Euro Stock Exchange Allies on Schedule for Common API Roll Out
Common API will inter-connect the remaining disparate trading engines used by the original members of the partnership by November.
GlobeNet ATS Selects Javelin for FIX
GlobeNet to use Javelin's FIX interface to receive OTC BB order flow from FIX-enabled broker/dealers, institutions and ECNs.
IN BRIEF
Fimat, Chicago Mercantile Exchange, E*Trade and Wit SoundView.
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