Rising Technology Stakes
As rumors fly over potential takeover targets, there's no doubt that the global exchange scene is ripe for consolidation.
The Great Order Flow Debate
Buy-side traders are adopting more-sophisticated tools to measure execution quality and rank their brokers. The question remains: Do the top-ranked brokers receive the most order flow, or does the relationship reign supreme?
United They Stand?
The idea of the portfolio manager replacing the trader may be far-fetched, but their roles are becoming more integrated than ever before.
OES Hires Options Veteran
Order Execution Services Holdings (OES) has hired Corey Zimmerman as managing director, options and derivatives, to lead the firm into the options agency-execution business.
RedSky Hires Former Nasdaq Exec
In a move to take its direct-market-access business to the next level, RedSky Financial, a Chicago-based broker-dealer specializing in multi-asset trading, hired Robert Fitzsimmons as CEO.
ATD Moves Into Options Market Making
Mt. Pleasant, S.C.-based Automated Trading Desk, (ATD) a company specializing in automated trading and customized equity execution, has hired Tim Brennan as executive vice president of equity options to build an automated options market-making system for ATD.
Cantor Fitzgerald has hired Bill Adams as senior vice president and municipal bond trader in the firm's debt capital markets group, and more
Flatley Joins Deutsche Bank
At press time, Rob Flatley joined Deutsche Bank as managing director and head of global electronic execution for equities.
Placing Smart Bets on FX
Late April saw quite a stir in the foreign exchange waters, with some big-name players making moves into the FX space and rocking the boat.
Lava Trading, a subsidiary of Citigroup, will introduce an interbank foreign exchange trading platform; BNY Brokerage has formed a new unit to provide the hedge fund community with electronic trading tools, commission management services and independent research.
Calling All Buy-Side Elite
As I write this column, I'm going through my source lists, pulling together the best and the brightest names in the industry to invite to speak at our first-ever Buy-Side Trading Summit.
Banhidi Switches Gears
Equities veteran Andrew Banhidi will apply his trading experience to a new asset class since joining online foreign exchange trading platform FXall as CTO.
Dipping Into Dark Pools of Liquidity
As private crossing networks and related nonquoting sources of liquidity, known as "dark books," vie for market share among block traders, they are creating a highly fragmented market for block trading, according to a new report from TABB Group.
Project and Portfolio Management
The Challenge: As IT budgets have soared, firms have increased efforts to wring business value out of IT. Project and portfolio management software can help strengthen IT governance, better aligning tech initiatives with business goals and improving resour
Money, Power And Principle
A lawsuit against Morgan Stanley provides a rare look into high-stakes IT deals and begs the question: Are you crossing the line?
Getting Crafty With VOIP
Concerns about call quality, security, and infrastructure construction and management have kept some financial services organizations from investigating VOIP. But as the technology matures, that may be changing.
The Virtual Trader
In the event of a disruption, organizations can get traders back to work quickly by using infrastructure such as dedicated alternative trading facilities or by having a distributed architecture that enables traders to move among operational sites in a "hot desk" fashion.
Strolling With My Alpha
Alpha? Beta? Have the Greeks invaded Wall Street and no one told me? Nah, not the Greeks, more like the quants.
Derivative Confirms for Buy Side
Interwoven (Sunnyvale, Calif.) launched Scrittura BuySide, a new solution for buy-side firms that automates the incoming confirmations process for over-the-counter derivatives.
Flow-Based Anomaly Detection
Westford, Mass.-based NetScout Systems released nGenius Analytics, an application flow-based anomaly detection system for automated network and application performance management.
Goldman Exec Joins OptionsXpress
Pat Schuler, the former Goldman Sachs vice president and global head of regional enterprise technology, has joined online options brokerage optionsXpress Holdings as CTO.
Banks Take Their Places on the Grid
As computing demands increase, more and more investment banks are jumping on the grid bandwagon. And as it matures, they're finding more and more uses for the technology.
Merrill Lynch Drives Efficiency Through Grid Computing
To drive greater efficiency, higher utilization and more flexibility in providing the tools and infrastructure the business needs to remain competitive, Merrill Lynch's business, development and infrastructure teams are collaborating on an enterprisewide grid computing project.
The Best of Both Worlds
Mutual funds with hedge fund characteristics, such as offerings from Rydex Investments, are giving customers more choices.
An Industry in Denial
Industry participants believe the costs of Reg NMS will be someone else's problem, but investors surely will pay.
The ever-growing demand for rich, timely market data -- in conjunction with the speed and ease of modern communications, including e-mail and instant messaging -- has created a situation in which buy-side fund managers are being inundated with information, according to a recent study from APR Smartlogik called "The Relevance Rift."
I Want My BPO
If the audience survey of executives conducted by Capgemini and IDC at the IDC Outsourcing Forum East in March is any indication, people love business process outsourcing (BPO).
Ask the Expert: Careers
The reward and recognition for IT managers is better, in many cases, by orders of magnitude than for their predecessors.
For Good Measure
New research commissioned by global management consulting firm Accenture indicates that many firms lack reliable metrics for verifying and qualifying the accuracy of their data.
Time Is Of the Essence
In a disaster recovery situation, a business can be irreparably damaged if operations cease for just a few hours.