Bonds Ain’t Stocks
There has been a lot of hype lately around fixed-income algorithmic trading. Now, I love hype, but I don't see high-speed direct market access/algorithmic trading technologies - which have become so hot in the U.S. equities markets - migrating into the fixed-income markets anytime soon.
Vhayu Improves Trading Execution
Vhayu Technologies released VWAP Engine version 2.0, which enables existing client applications to access predefined trading strategies that try to achieve the volume weighted average price (VWAP) for configurable time periods.
Help Wanted: CIOs
The number of companies looking for CIOs is up significantly. Do you need a change?
Cupertino, Calif.-based Certus Software extended its Governance Suite to include Governance360, which provides personalized access to compliance information and activities across the enterprise, integrating compliance practices into daily business routines.
Mutual Funds Wake-Up Call
For all the talk about high management fees, tax inefficiencies, high turnover and long-term under-performance compared to major market indexes, the mutual fund industry has enjoyed a steady dose of cash inflows over the past decade.
CIO Challenge - Measuring IT’s Value
To ensure that IT dollars are spent wisely, business executives often require CIOs to quantify the return on technology investments. But ROI isn't always the best measure of an IT project's value. To prove IT's worth, many CIOs are employing new metrics.
Understanding the Stakes
To get a better handle on their organizations' risk exposure, many firms are turning to enterprisewide risk management.
Seth Merrin, the visionary founder of Liquidnet, is at it again. This time, Merrin, who launched Liquidnet in 2001, is hoping to fix the inefficiencies of the U.S. equity market with a new version of Liquidnet that brings in retail-size order flow to match against the existing wholesale liquidity pool.
SMAs Still Lack Automation
As the popularity of separately managed accounts grows, so do the processing and operational headaches for money managers.
A Slice of the Boomer Pie
Firms are upping wealth management spending and examining enterprisewide solutions in hopes of luring mass-affluent clients.
Financial Sector to Add IT Staff in Q4
The financial services, insurance and real estate (FIRE) sector is expected to lead all industries in the hiring of IT professionals during the fourth quarter of this year, according to the Robert Half Technology IT Hiring Index and Skills Report.
Ultimately, fund shareholders will pay a high price for the mutual fund industry's market timing scandals of 2003.
By the Dashboard Light
As regulatory concerns persist, many firms are turning to dashboard technology to simplify compliance initiatives.
When you think of the securities and investments industry, of what do you think?
Brokering Deals With Exchanges
Hot cakes, get your hot cakes! CEOs of regional stock exchanges might as well be standing on a street corner hawking Philly cheese steaks or Boston funnel cakes judging from the recent flurry of deals with brokers.
A Brave New World to Trade
I am on my way home from the CLSA Investors Forum in Hong Kong, and, after a week in Asia, the only thing I can think of is how egocentric I am.
Are We Disaster Ready?
With the growth of algorithmic trading, are the U.S. equity markets adequately prepared for disasters such as the recent terrorist bombings in London?
TCR: Value and Efficiency
As transaction cost research gains momentum, it's poised to become an integral part of relationship management while helping to create organizational efficiencies.
Resurrecting the Regionals
With Reg NMS on their side, the regional exchanges are enhancing their technology and seeking partnerships to better compete with the NYSE and Nasdaq.
Rethinking Risk Management
Both the buy and sell sides are trying to give traders a consolidated picture of risk across products or asset classes. Each is taking a different approach.
Algorithms Sweep Dark Books
Institutions are asking brokers to sweep multiple crossing networks and dark books to find hidden liquidity.
Algorithms in the News
JPMorgan Sells Plexus to ITG; Ramirez & Co. Launches Algorithmic Trading Through TradeTrek; Apama Launches Algorithms for FX
Fixed Income Meets the Black Box
Segments of the fixed income market already are knee-deep in algorithms, but opportunities in the dealer-to-customer market are limited.
Buy-Side Traders Go Global
As global trading takes off, large, medium and small buy-side shops take divergent approaches to trading and technology.
Fidelity Hires Hedge Fund Pro
Fidelity Management & Research Co. (FMR Co.), the investment management division of Fidelity Investments, hired Brian Conroy as SVP and head of global equity trading.
Rosenblatt Taps West Coast Trader
Rosenblatt Securities hired Jason Valdez as vice president, strategy and business development. In his new role, Valdez is expected to strengthen Rosenblatt's efforts in agency-only portfolio trading.
Schonfeld to Acquire ETG
The Schonfeld Group, a proprietary and retail trading firm, announced plans to purchase the independent professional trading firm Electronic Trading Group (ETG), thus expanding Schonfeld's trading force by adding approximately 125 proprietary traders and 200 retail traders.
Change Ahead For Canadian Markets
A study of 30 investment management firms reveals that buy-side adoption of advanced order management systems increased by 240 percent since 2003.
A Note From The Editor
Financial exchanges seem to be modeling themselves after Wal-Mart these days - offering every product imaginable at a fair price.
Federal Reserve Chairman Nominee Bullish On IT
Outgoing chairman Alan Greenspan was an outspoken advocate of IT. In a time when mainstream business leaders are skeptical of the value of IT, Ben Bernanke, named as Greenspan's possible successor, sees IT as a valuable investment when done right.