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January 2006 COVER STORY  Everything's Coming Up Hybrid Wall Street's leading regulators, NYSE Regulation and the NASD, are in talks to form a hybrid regulator that will oversee dual member firms. |
 FOCUS ON Powering Up the Grid As calculations become more complex, financial services firms are turning to existing technology assets for more processing power. BUSINESS LINES Transforming the American Stock Exchange CIO Antoine Shagoury is building a new trading system that will allow the American Stock Exchange to compete under Reg NMS. Is EDGAR Headed for XBRL? The SEC is looking to leverage XBRL, which promises easy access to financial data, but industrywide adoption remains a challenge. Excellence in Execution As the buy side takes on more responsibility for executing its own trades, TCA is becoming an integral part of the trading process. Reference Data to Go? Though the debate rages on, more firms are beginning to warm to the idea of outsourcing reference data management. PERSPECTIVES Seven Trends for '06 2005 was the year of regulation. From NMS and the hybrid market to Spitzer and Cox; from MiFID and the formalization of the FSA's CP176 to the new hedge fund registration requirements - regulation, legislation and litigation have pushed the industry like never before. |
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FROM THE EDITOR Who Said It Would Be Easy? Let's be frank: In no U.S. industry does a for-profit company have the privilege of regulating itself, let alone its business partners. CIO CHALLENGE IT Portfolio Management By: Leslie Kramer Often, IT departments, overwhelmed by hundreds of initiatives, fail to meet project goals. But IT portfolio management, overseen by an IT project management office, can help complex IT organizations track and measure projects more accurately, thus increasing ROI. PRODUCT WATCH Cartesis Expands BPM Suite Multi-Asset Trade Manager IPlan Adds Monte Carlo Sims UP FRONT More to Offshore IT Is in The Money Loose Lips Sink Ships Workforce Diversification Behavioral Security Hackers Target Financial Services BCP Testing Continues PEOPLE & CAREERS Murtaugh Founds Charitable Business Randich Leaves NASDAQ for Citigroup Fontana to Head Fixed Income at ITG Keeping Tabs |
