Toyo Trust 'SPARs' With NT Version of ABS
Though clearly most financial services firms operating in the Windows environment have already moved up to NT -- or at least Windows 95 -- there are still some stragglers out there yet to migrate from DOS. Toyo Trust Company New York (TTNY) was one such firm hesitant to take the NT plunge. That is, until recently.
E-Crossnet Set to Take Flight in Europe
A large group of investment management firms have agreed to participate in a new equity-crossing network that will be exclusively targeted at institutional investors who trade European stocks.
Will Day Trading Face Scrutiny?
The day-trading industry has been thrust into the spotlight in the wake of the Atlanta office shootings by day trader Mark O. Barton and the results of a recent study conducted by the North American Securities Administrators Association.
Throwing a Hat Into the IPO Ring
When the summer IPO calendar was saturated with Internet companies, pundits warned that the dot.com mania was about to hit the wall. And sure enough, by early August, Internet IPOs crashed from the record highs they set in April. By August, deals were being postponed left and right and only the brave, like Red Hat Software, raised capital.
Discover Goes Wireless
Discover Brokerage, Morgan Stanley Dean Witters online discount brokerage arm, recently teamed up with Owings Mills, Md.-based Aether Technologies to launch TradeRunner.
Evergreen Funds Looks to Open Source Codes
Like any financial services firm in 1999, the Evergreen Funds is looking to provide its clients and employees with access to comprehensive sets of data through a single browser front-end.
AT&T Takes on the New World Order
AT&T said its proposed British Telecom joint global venture is giving AT&T the chance to reinvent its global strategy based on a robust IP architecture.
Portal Business Helps Guide Reuters' Coverage
Reuters, already the leading global market data and financial news vendor with information from 267 exchanges and reporters in 157 countries around the world, has extended its reach even further with a new global unit, NewMedia International.
A Star is Born: Baby Linux
It may have taken the financial services a bit longer to get up to speed, but make no mistake, Linux, the fast-growing computer operating system, is coming to the Street.
Wheat First Union to Upgrade CRM With Janna's Software
Wheat First Union has been using Toronto-based Janna Systems for the past two years and swears that it has helped it retain clients. Now the brokerage firm is putting its money where its mouth is and is upgrading to Jannas version 6 next year.
Public Demand for New Issues Outstrips Supply
Touting that their mission is to democratize the process, online investment banks have been popping up on the Internet to distribute shares of initial public offerings to retail investors.
Cover Story: Eyeing the For-Profit Plunge
Driven by a desire react more swiftly to the growing threat of electronic competitors, many of the worlds largest exchanges are considering transitioning to for-profit ownership models. And, as the worlds leading stock exchanges pontificate on transitioning to for-profit business models, one significant issue they will have to wrestle with is regulation.
Liffe Joins Forces with CME
The London International Financial Futures and Options Exchange has finally joined the community of futures markets that have formed technology alliances.
ILX Attracts 17k More Users This Year With Latest Flavor
A number of high profile securities firms tapped ILX this year for the latest version of the market data vendors flagship ILX Workstation. Among those firms that gave the nod to ILX this year, representing both new and existing business, were the likes of Merrill Lynch, Scudder Kemper Investments, Fleet Securities, Ragen Mackenzie and Swiss American Securitiesto name a few.
ISE Hires Davidge to Build Connectivity Tool
The International Securities Exchange (ISE)--the all-electronic options marketthat is now scheduled to launch on March 24, 2000--has hired Davidge Data Systems to develop order routing connectivity software for its OM Technology-suppliedtrading engine.
Risk IT Spending on the Rise Across the Board
Spending on risk management-related IT, steadily increasing over the past few years, continues its upward swing, according to a study recently published by Newton, Mass. consultancy Meridien Research.