Wells Fargo to Clear Interest Rate Swaps Via CME
Wells Fargo & Co., which has been working with the Federal Reserve to reduce risk in the derivatives trading industry, announced it will clear over-the-counter interest rate swaps through CME Group.
Banks Cry Wolf Over IT Budgets
As Dodd-Frank rolls into Wall Street, banks will claim they don't have the funds to operate in compliance. Cry me a river.
Nuance Communications Releases New Voice Biometrics Platform
Nuance’s VocalPassword targets automated remote verification based on an individual’s voice, while Nuance FreeSpeech performs verification and fraud detection in the background of conversations between callers and agents in the contact center.
Event-Driven Hedge Funds Gained 16 Pct in 2010 - Study
Hedge fund managers who deployed event-driven strategies gained more than 16 percent last year, outpacing their counterparts and the Standard & Poor's 500, according to a study conducted by industry consultant Hennessee Group.
Instinet to Launch Canadian ATS in First Half of 2011
Agency broker Instinet Inc. said today that its Canadian unit completed the rollout of an electronic trading platform featuring a suite of event-driven trading algorithms and a smart order router that works simultaneously with U.S. and Canadian exchanges.
EMS Growing Pains
As brokers debate the economics of execution management systems, Barclays and Citi have quit the EMS game. Meanwhile, Goldman Sachs has gone broker-neutral and Morgan Stanley has decided to fly solo.
A Hard Lesson
People often repeat the same mistakes, even when they should have learned their lessons the first time.
The Next Rogue Algo
After the May 6 Flash Crash, buy-side firms are wary of a wave of disruptive algorithms that could trigger the next trading tsunami. To shore up the markets, regulators are pursuing sharper algo audits and stricter certification.
Deploying an OMS, Natcan Takes on Pre-Trade Risk
Canadian investment firms did not have the same exposure to the credit collapse as their U.S. counterparts. Asset manager Natcan shows how even the choice of a trade order management system can help in the quest for greater risk oversight.
Wolters Kluwer Financial Services Expands Offerings to India
Through its regulatory expertise and technology offerings, the company will help financial professionals comply with industry regulations, including those enforced by Reserve Bank of India (RBI), and Securities and Exchange Board of India (SEBI).
Going Back to Front Office
Buy-side firms must address the new post-Dodd-Frank ecosystem. The first step: Stop focusing on the front office and pay more attention to the back office.