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News & Commentary
Content tagged with Data Management posted in December 2010
Judge Dismisses Liquidnet Patent Infringement Lawsuit Against ITG
News  |  12/23/2010  | 
ITG maintained that Liquidnet's '834 patent was invalid and obtained by inequitable conduct due to failure to disclose the Harborside system.
The Buy Side Looks to the Cloud to Reign In 2011 IT Costs
News  |  12/23/2010  | 
The post-credit crisis freeze has begun to thaw across Wall Street but experts predict buy-side firms will still be a bit gun shy when the time comes to invest aggressively in their information technology infrastructures in 2011.
For Wall Street Firms, Cloud Computing to Gain Momentum in 2011
News  |  12/22/2010  | 
With computing power and data center efficiency more important than ever, Wall Street firms must optimize their resource allocation in order to maximize performance while minimizing cost.
Social Media Site LinkedFA Launches New Features For Finance Professionals
News  |  12/22/2010  | 
Features include a public search function for finance executives and a People You May Know feature which introduces peers based on geography, company and network connections.
Voltaire Inks Software Licensing Deal with IBM
News  |  12/22/2010  | 
The provider of scale-out computing fabrics for data centers stands to earn $17 million in licensing frees through 2012 from the IBM contract.
Brady plc to Acquire Viz Risk Management
News  |  12/21/2010  | 
The deal will make Brady the largest European-provider of trading and risk solutions to the global commodity and European energy markets, the company says.
Nasdaq Fights Bank "Cartels" in Battle for Clearinghouse Control
Commentary  |  12/20/2010  | 
Nasdaq OMX Group is quietly working the back channels of the nation's capital to limit banks' "cartel-like control" of clearinghouses as Wall Street braces for final word on how the $600 trillion swaps market will function.
DTCC Launches Enhanced Cost Basis Reporting Service
News  |  12/20/2010  | 
The service acts as a central communications hub for transmitting cost basis information among broker/dealers, transfer agents, issuers, mutual funds and custodian banks.
How's Twitter Doing Today?
News  |  12/17/2010  | 
Derwint Capital Markets will use microblog site to predict the market's mood.
Research Management Solution Can Save Firms 40% On Labor Costs, Says Advent
News  |  12/17/2010  | 
Based on a survey of 360 portfolio managers, research directors and analysts, the study found that highly compensated professionals spend an inordinate amount of time searching and sifting for information that is already in their firms' possession.
UNX Partners With Liquidnet On New Block Trading Integration
News  |  12/16/2010  | 
Liquidnet is working with UNX's Catalyst EMS to create more real-time interaction with its block liquidity.
ConvergEx Agrees to Acquire RealTick from Barclays Capital
News  |  12/16/2010  | 
With EMS consolidation on the horizon, ConvergEx snatches up RealTick and looks to expand its multi-broker network globally.
OTC Europe Deploys Orc For Emissions Trading
News  |  12/16/2010  | 
OTC Europe LLP, the European arm of interdealer broker OTC Global Holdings, announced it will use Orc Software for its over-the-counter carbon options trading operations.
Wedbush Securities Launches Colocated Execution Service For The Buy-Side
News  |  12/16/2010  | 
The colocated platform is designed to put the buy side on a level playing field with high frequency trading shops.
The Connors Group Releases The Machine Lite
News  |  12/15/2010  | 
The Machine Lite allows investment advisors to build customized portfolios of multiple strategies, including ETF strategies.
Gain Capital's IPO Raises $81 Million In Gross Proceeds
News  |  12/15/2010  | 
The online foreign exchange platform operator offered 9 million of common stock to the public today at $9 per share.
ELX Futures Partners with Advantage Futures for FCM Services
News  |  12/15/2010  | 
ELX inks new FCM relationship to boost its reputation as a competitive alternative in electronic futures trading.
Nomura and Instinet Enter into Liquidity Agreement For Hong Kong
News  |  12/14/2010  | 
Nomura is now receiving orders from Instinet that go directly into crossing network NX in Hong Kong.
BofA Merrill Global Research Hits the iPad
News  |  12/14/2010  | 
The research library app is aimed at institutional clients.
Sky Road Offers Fincad Analytics on its Motion Platform
News  |  12/14/2010  | 
Users now have access to derivatives analytics.
ITG Acquires ESP's Settlement Aggregation Software
News  |  12/14/2010  | 
With acquisition, ITG boosts its offering of single ticket clearing for institutions doing algorithmic trading across multiple venues.
Barclays Capital Names Bill White Head of Equities Electronic Trading
News  |  12/13/2010  | 
White was tapped for his success in growing Barclays Capital's DMM business on the NYSE as well as in building option trading platforms.
FXall Releases New 4.0 FX Trading Platform
News  |  12/13/2010  | 
The new 4.0 integrates sophisticated functionality and liquidity with acquisition of Citi's LavaFX.
Itau BBA Securites Goes Live With SunGard Valdi OMS
News  |  12/13/2010  | 
Brazilian broker will tap SunGard 's Valdi, Valdi OMS, Liquidity Services and GL Selector to manage execution, trading and risk from a single platform.
BofA Merrill Debuts eFX Trading Platform
News  |  12/13/2010  | 
DTCC Unveils OTC Derivatives Matching Service; G14 Dealers Go Live
News  |  12/13/2010  | 
The Depositary Trust & Clearing Corp. announced the launch of a global over-the-counter equity derivatives cash flow and netting platform, a service it said is now being used by the 14 largest international dealers.
Thomson Reuters Hires Robert Hegarty and Tim Lind
News  |  12/10/2010  | 
The financial data powerhouse taps the former DTCC and Omgeo executives for senior roles in its enterprise division.
Tabb Report Says New Algos for Buy Side Need to Adopt HFT Techniques
News  |  12/9/2010  | 
The buy side should look to algorithmic providers that mimic high frequency traders, according to Tabb analyst Cheyenne Morgan, report's author.
GETCO Hires Edward Boyle
News  |  12/9/2010  | 
The global market maker hires veteran options industry executive to focus on its relationships with exchanges, trading platforms and business development.
Barclays Capital Launches Automated Limit Order Functionality On Fixed Income Platform
News  |  12/9/2010  | 
The fully automated limit-order service allows clients to buy or sell government bonds or interest rate swaps when a certain price is reached in the market.
Thomson Reuters Hires Robert Hegarty
News  |  12/8/2010  | 
Hegarty left DTCC to take a new position as TR's global head of market structure and to oversee Elektron, the firm's financial markets ecosystem.
Orc Provides Market Access To Brazil Exchange
News  |  12/8/2010  | 
The tech provider will connect to BM&FBOVESPA's new low-latency framework.
Maintaining Data Quality to Manage Operational Risk
News  |  12/7/2010  | 
Financial services firms can deal with uncertainty by controlling the operations process to reduce the risk and costs associated with exception processing and failed trades.
Code Red Rolls Out iPad App and Mobile Web App for PDAs
News  |  12/7/2010  | 
Buy-side subscribers to its RedAlerts research product can view, access and enter research on their investments and ideas from anywhere.
Bloomberg & Information Mosaic Tackle Corporate Actions
News  |  12/7/2010  | 
In a new partnership, clients will have access to Bloomberg data and IM's corp actions tools.
Deutsche Borse expands algo news feed in Asia
News  |  12/7/2010  | 
AlphaFlash delivers macroeconomic data from China, Japan and Australia
CQG Colocates Servers at NYSE Liffe's Basildon Data Center
News  |  12/7/2010  | 
Proximity to NYSE Liffe system in Basedon, gives ultra-low latency traders an edge in spread trading, contends CQG.
MUSI Now Clearing Interest Rate Swaps Via LCH.Clearnet's SwapClear
News  |  12/6/2010  | 
Mitsubishi UFJI Securities International plc announced it is now clearing interest rate swap trades through LCH.Clearnet's SwapClear clearing service as a means to comply with new regulation and beef up risk management.
Asset Manager Henderson to Deploy Bloomberg’s TCA
News  |  12/2/2010  | 
Investment management firm Henderson Global Investors, which has more than $90 billion in assets under management, announced it will use Bloomberg’s transaction costs analysis for its equity business.
StatPro Signs Multi-Year Contracts With Customers
News  |  12/2/2010  | 
Clients including TCW, State Street Global Advisors and Pimco chose a variety of StatPro's products related to its financial analytics platform and evaluated pricing service.
MarkitSERV Provides Gateway for Central Clearing Via SGX and CME Clearing
News  |  12/1/2010  | 
Offers connectivity to each of the six major CCPs currently accepting OTC derivatives trades.
Holidays Arrive Early for JPMorgan's Investment Bankers
Commentary  |  12/1/2010  | 
In addition to the fat year-end bonuses it doles out in either good markets or nasty recessions, JPMorgan & Chase Co. has another pricey stocking stuffer in mind for its investment bankers this year: Apple Inc.'s iPad.
WikiLeaks Guessing Game Jostles BofA
Commentary  |  12/1/2010  | 
Bank of America's stock dipped three percent yesterday in the wake of news that it might be the focus of a WikiLeaks expose in the months to come.
SunGard Launches Hosted Version of Front Arena
News  |  12/1/2010  | 
Lowers infrastructure costs for hedge funds and asset managers facing constraints on infrastructure and IT budgets.


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