Wall Street & Technology: Blog http://www.wstonline.com/blog/ Copyright 2008 Thu, 15 May 2008 17:14:39 -0500 http://www.movabletype.org/?v=3.14 http://blogs.law.harvard.edu/tech/rss SkyGrid Aggregates, Filters News for the Street 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 group of vendors, including veterans FirstRain and Monitor110 and newcomer SkyGrid would like to help you meet this challenge.

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http://www.wstonline.com/blog/archives/2008/05/skygrid_aggrega.html http://www.wstonline.com/blog/archives/2008/05/skygrid_aggrega.html News Analysis Thu, 15 May 2008 17:14:39 -0500
Sybase Launches Shared Data Platform For Trade Data Analytics 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.

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http://www.wstonline.com/blog/archives/2008/05/sybase_launches.html http://www.wstonline.com/blog/archives/2008/05/sybase_launches.html News Analysis Mon, 12 May 2008 12:45:29 -0500
U.S. Economy Will Escape Black Hole, JPMorgan's Economic Guru Predicts Bruce Kasman, chief economist at JPMorgan, offered a mostly upbeat forecast for the U.S. economy at the SIFMA Operations Conference this morning in Phoenix.

First Kasman noted the intense interest in the economy lately among people of all walks of life. "This is the first time in my professional life that my children have been interested in what I do for a living," he says. People in professional and social settings have been asking him exactly what's going to happen to housing prices, oil prices and such. Kasman says he's begun telling people who ask what he does for a living that he's a science fiction writer. "This [economy] is, in many respects, unchartered territory," he says.

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http://www.wstonline.com/blog/archives/2008/05/us_economy_will.html http://www.wstonline.com/blog/archives/2008/05/us_economy_will.html News Analysis Mon, 05 May 2008 14:45:49 -0500
Want Your IT to Look Like Wachovia's? Call Tony Bishop We checked in yesterday with former Wachovia IT wunderkind Tony Bishop, who led a three year IT re-architecture effort at the firm (you can read about some of his work here). Last fall, Bishop, then a Wachovia senior vice president, took 15 of his staff and left to start his own consulting firm, called Adaptivity.

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http://www.wstonline.com/blog/archives/2008/04/want_your_it_to.html http://www.wstonline.com/blog/archives/2008/04/want_your_it_to.html News Analysis Tue, 29 Apr 2008 12:48:29 -0500
A CEP Toolkit Just for Quant Researchers Intrigued by Vhayu’s announcement of a complex event processing tool geared toward quant researchers, yesterday I looked at this software. It gives quants a means to look for patterns, test ideas and strategies and run what-if scenarios against massive volumes of real-time and historical tick data. It combines some of the features of mathematical algorithmic modeling tools (such as Numerix and Algorithmics) with a fast historical and real-time tick database (a la Vhayu, Kx) with a front-end complex event processing graphical user interface (in the vein of Progress Apama, Streambase or Coral8).

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http://www.wstonline.com/blog/archives/2008/04/a_cep_toolkit_j.html http://www.wstonline.com/blog/archives/2008/04/a_cep_toolkit_j.html News Analysis Fri, 25 Apr 2008 12:40:35 -0500
Wealth Management Trend: Socially Conscious Investing In the midst of this quarter's write-downs, layoffs and earnings disappointments, wealth management clearly remains a bright, profitable star on Wall Street -- in Merrill Lynch, for instance, wealth management was most strongly profitable unit this quarter and financial advisors have been promised they will be spared from the upcoming layoffs. In an interesting trend, more wealth management dollars are moving into socially aware investing. According to the Social Investment Forum, socially responsible investing assets in the U.S surged 18% from 2005 to 2007, outpacing broader managed assets. Although this research focused on institutional investors, retail investors are following the same pattern, at least according to Bill Crager, president of Envestnet. He should know; his firm's platform for financial advisors, which is used by 400 broker/dealers, beta tested a socially aware investment vehicle with a handful of small investment firms and attracted $300 million in six months.

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http://www.wstonline.com/blog/archives/2008/04/wealth_manageme_1.html http://www.wstonline.com/blog/archives/2008/04/wealth_manageme_1.html Wealth Management Fri, 18 Apr 2008 17:05:06 -0500
Baby Boomers Prefer Paper Statements and Prospectuses Aite Group recently asked a group of 505 U.S. baby boomers (251 pre-retirees and 254 recently retired) how they like to receive brokerage financial statements and prospectuses and to what extent they would like these to be paperless. Surprisingly, they're not as willing to forego paper as one might expect in these carbon-footprint-conscious times.

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http://www.wstonline.com/blog/archives/2008/04/baby_boomers_pr.html http://www.wstonline.com/blog/archives/2008/04/baby_boomers_pr.html News Analysis Thu, 17 Apr 2008 11:48:25 -0500
Morgan Stanley Stands Up At Salesforce Revival Salesforce.com's Tour de Force event this morning was the closest I've ever come to attending a spiritual revival like the ones on TV. There was loud pop music, a charismatic and telegenic leader (CEO Marc Benioff) with a strong and clear if narrow-minded message (which is: utility or cloud computing is the future path for all business applications, preferably hosted on Salesforce.com's servers and software platform), dazzled audience members obediently yet enthusiastically nodding and clapping, and devoted followers summoned up on stage to share their conversion stories.

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http://www.wstonline.com/blog/archives/2008/04/morgan_stanley_2.html http://www.wstonline.com/blog/archives/2008/04/morgan_stanley_2.html News Analysis Wed, 16 Apr 2008 15:24:23 -0500
More Remedial Derivatives Technology Emerges You know markets are suffering when the latest new features vendors tout for their products have to do with liquidation pricing. This morning, SuperDerivatives announced it will provide the liquidation price (or ’exit price’) of all derivatives held within clients’ portfolios. Under the terms of FAS 157, firms are required to define the exit price of all instruments to calculate fair market value or "…the price that would be received to sell an asset or paid to transfer a liability."

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http://www.wstonline.com/blog/archives/2008/04/more_remedial_d.html http://www.wstonline.com/blog/archives/2008/04/more_remedial_d.html News Analysis Tue, 08 Apr 2008 10:06:54 -0500
The Technology Challenges Ahead for the JPMorgan/Bear Stearns Merger Now that JPMorgan has announced that Peter Cherasia, head of global technology and operations at Bear Stearns, will stay on to manage technology, operations and real estate worldwide for JPMorgan's investment bank, he and the other surviving IT managers have a job ahead of them to merge the technology and operations of the two behemoth firms.

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http://www.wstonline.com/blog/archives/2008/04/the_technology.html http://www.wstonline.com/blog/archives/2008/04/the_technology.html News Analysis Mon, 07 Apr 2008 11:17:57 -0500
Small Flood of New Data Latency Monitors Over the last month and a half, a slew of vendors have introduced trade data latency monitoring tools, to help exchanges, brokerage houses and buy-side firms find, detect and eliminate the causes of trade data delays.

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http://www.wstonline.com/blog/archives/2008/04/small_flood_of.html http://www.wstonline.com/blog/archives/2008/04/small_flood_of.html News Analysis Wed, 02 Apr 2008 13:40:48 -0500
Broadridge Rolls Out Workflow for Brokerage Operations Broadridge last night unveiled the first four of a set of 16 new retail brokerage operations applications designed to automatically handle most operations tasks and route only the discrepancies to operations staff, giving them the tools to quickly research and resolve them. The four initial Ascendis applications, all based on Microsoft ASP.net and BizTalk, automate credit risk administration, corporate actions, balancing and reconciliation and dividends distribution.

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http://www.wstonline.com/blog/archives/2008/04/broadridge_roll.html http://www.wstonline.com/blog/archives/2008/04/broadridge_roll.html Operations Tue, 01 Apr 2008 09:49:40 -0500
Welcome to the New Wall Street & Technology Website For the first time in many years, Wall Street & Technology has completely redesigned its Website. The new site makes searching for content much easier, with customized Google Search and easy to navigate content catagories.

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http://www.wstonline.com/blog/archives/2008/03/welcome_to_the_1.html http://www.wstonline.com/blog/archives/2008/03/welcome_to_the_1.html News Analysis Mon, 24 Mar 2008 09:32:52 -0500
Poor CDO Pricing Brought Bear Stearns Down What was the one fatal blow that caused Bear Stearns' suddden demise? Its inability to properly price collateralized debt obligations, according to a report issued by Financial Insights today.

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http://www.wstonline.com/blog/archives/2008/03/poor_cdo_pricin.html http://www.wstonline.com/blog/archives/2008/03/poor_cdo_pricin.html News Analysis Wed, 19 Mar 2008 14:09:26 -0500
Could Technology Have Saved Bear Stearns? Although a full autopsy has yet to be performed on Bear Stearns, reason and common sense suggest that state-of-the art technology might have helped the firm circumvent some of its troubles. Here are a few examples.

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http://www.wstonline.com/blog/archives/2008/03/could_technolog_1.html http://www.wstonline.com/blog/archives/2008/03/could_technolog_1.html Penny Crosman Tue, 18 Mar 2008 09:54:15 -0500