June 2010
COVER STORY Data Management a Top Priority for Wall Street Firms While improving data quality long has been viewed as a back-office efficiency play on Wall Street, the financial crisis and ensuing regulatory scrutiny have thrust data management into the spotlight, transforming it into a top business priority. CLOSE-UP Citi's Jon Beyman Discusses IT Talent, Technology Development Concerns Jon Beyman, managing director of operations and technology for Citi's global institutional client group, discusses the search for IT talent on Wall Street and the dangers of the U.S. falling behind other nations in technology development. RISK MANAGEMENT 3-D Portfolio Modeling Provides New Clarity As portfolio managers rethink risk management post-crisis, some are embracing three-dimensional portfolio modeling technology to improve diversification, reduce risk and appeal to investors. FX STRATEGIES CalPERS Crunches FX Data to Search for Alpha in Electronic Trading With high-frequency trading firms changing foreign exchange market dynamics, CalPERS is studying tick data to develop active, intraday currency strategies. INFRASTRUCTURE Raymond James Launches Into SOA What started as a relaunch of its outdated Investor Access client Web portal morphed into the transformative adoption of service-oriented architecture at Raymond James Financial Services. |
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FROM THE EDITOR The Industry Must Educate the Public and Lawmakers About the Markets Without a true understanding of how the markets work, each time something out of the ordinary happens on Wall Street, the industry will be called down to Washington to testify in front of senators who know nothing of what they speak. SPECIAL REPORT 2010 IT Salary Survey IT professionals on Wall Street who survived the turmoil of the past few years are about to be rewarded with compensation increases over 2009 levels. An exclusive 2010 InformationWeek Analytics survey breaks down the IT salary trends on the Street. UPFRONT Top Online Brokerages Saw Website Response Times Dramatically Slow Down As online demand surged, 12 of the 15 top financial institutions had double-digit percentage increases in response times between 3 and 4 pm, according to Gomez, inc. NYSE Euronext Opens New European Data Center The new data center offers low latency collocation services and market connectivity. Nasdaq OMX Puts Focus On Video New services include live video webcasting for earning calls, full-day analyst conferences, CEO vignettes and corporate profiles. CME Group to Tap Xignite's On Demand Platform for Delivery of OTC Derivatives Data CME plans to deliver new OTC data services, initially focusing on CDS and energy products via the on-demand platform. INDUSTRY VOICE The Ultimate Way to Compare Risk Models: "Out of Sample Back-Testing" Olivier Le Marois, president of Riskdata, discusses how firms should make sensible choices, when choosing between different risk models. TECHNOLOGY ECONOMICS Global Sourcing Strategies: Location, Location, Location An effective global sourcing strategy requires far more than focusing on labor rates and labor arbitrage, accoridng to Howard A. Rubin, Founder, Rubin Worldwide. PERSPECTIVES Getting Institutional Customer Intimacy Right The ability to deliver a robust broker-to-institutional client delivery channel has just not developed, writes TABB Group founder and CEO Larry Tabb. |
