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Latest Madoff Victim, Batman, Falls on Hard Times
Adam West, a.k.a. Batman, tries to recover from being Madoffed; a cat jumps in and out of a box.
Batman Holds A Garage Sale
How much would you pay for Bat Socks?
Vertica Adds Speed, Views to Analytic Database
The 3.0 version of Vertica's analytic database can load five terabytes of data per hour and offers different views of data to disparate user groups.
Finnish Online Brokerage Invests in Application Monitoring
A complex environment and rapid growth necessitated the replacement of a homegrown application monitoring tool.
Goldman Sachs clients to Use Orc’s Solutions
Orc Software has joined the Goldman Sachs Signature Program as a Signature Partner to provide high performance trading solutions to Goldman Sachs Electronic Trading clients.
Hedge Funds Expect Regulatory Hammer to Fall Within Six Months
The hedge fund community are scrambling to update technology to meet new regulations, which are expected within the next six months.
Coda Launches First Accounting Program to Run on Salesforce.com
Enterprise accounting software rewritten for the Force.com platform and available for $125 a month per user.
Interactive Data Introduces Options Volatility Service
New offering will combine pricing and reference data with analytics to help clients assess risks associated with U.S. market volatility.
Bank of America, Merrill Lynch Integrate Electronic Trading Offerings
The merger of Bank of America and Merrill Lynch was officially completed the first of this year and both teams have been working to combine and consolidate their electronic trading offerings.
Neuberger Berman Signs Up for Digital Realty Turn-Key Data Center
Asset management firm to move into one of Digital Realty's northeastern facilities.
Interactive Brokers Sees More Registered Reps Becoming Independent Advisors
As portfolio values decline, many large brokers have decided that servicing smaller balance client accounts is no longer profitable, according to the electronic market maker.
Was AIG's Fall Criminal?
CBS News is reporting that a Justice Department criminal investigation is trying to figure out just how AIG crumbled. Sources say investigators are digging into whether Joseph Cassano, the former head of London-based AIG Financial Products, and two of his top deputies -- Andrew Forster, an executive vice president, and Thomas Athan, a managing director -- committed securities fraud and other federal crimes.
Cowen Augments its Portfolio Trading Division
Cowen Group has made five new hires to enhance its Portfolio Trading Division.
Extreme Makeover: Broker Workstation Edition
A quest for increased adviser productivity and a forthcoming cost-basis reporting law are driving wealth management technology integrations and upgrades at Canada's largest brokerage, RBC Dominion Securities, and U.S. advisory firm Silver Bridge as well as others.
Sungard Offers Hosted Wealth Workstation
On-demand, software-as-a-service version of WealthStation intended to help firms quickly upgrade broker desktops.
Algorithm Overload
As buy-side trading desks are challenged to navigate increasingly complex markets, algorithm providers are responding with streamlined offerings and liquidity-seeking strategies.
Wall Street’s Future: Specialized, Transparent, Less Profitable
An IBM study of 2,754 financial industry participants predicts that firms will seek efficiency improvements of 20%, become more transparent and excessively regulated, and make less money.
Orc Delivers Trading Solutions to Russian Firm
Maxwell Capital will deploy Orc Trader to provide links to the leading domestic markets: the Russian Trading System (RTS) / FORTS and the Moscow Interbank Currency Exchange (MICEX), as well as to international markets.
BT Signs OEM Agreement with Hitachi Com in Japan
BT Japan taps Hitachi to sell its trading systems and turrets in world's four largest market.
Morgan Stanley, Goldman Sachs Execs Named to DTCC Board
DTCC said that as it looks to grow its business in these "difficult economic times," it expects that the new board members' global executive experience will help provide insight and direction.
Citi Appoints McWhinney to Head Wealth Management
Former president of Schwab Institutional will oversee Citi's 600 bank-branch-based brokers.
Investors Await Bank Stress Tests
Crucial regional banks are expected to fail the Fed's "stress tests," reports CBS News' Priya David and investors are waiting for more details that will be release later today.
TGIF: The Apps on Darth Vader's iPhone
There's an app for everything, including galaxy domination.
HSBC Selects TradingScreen for SWX connectivity
HSBC Selects TradingScreen for SWX connectivity
Financial Firms Face Massive Market Data Infrastructure Challenges
If U.S. equities message volumes continue to grow at their current pace, they should average 1.2 billion messages per day by 2011, according to new Aite Group report.
BNY Mellon Adopts Solar Power
New 76-kilowatt solar panel array deployed at the BNY Mellon complex in Everett, Mass., to save $15,000 a year.
Liquidnet Rolls Out Million Share-Plus Block Trading Strategy
Average order sizes climbed to over 1.7 million shares, block trading venue reports.
BIDS Chief Mahoney Says Fragmentation Distorts Volume and Volatility
Today it's harder to rely on share volume as a stock-market indicator than it used to be, says Tim Mahoney, chief executive of BIDS Trading. Mahoney says we are witnessing a transformation in the marketplace as "the role of the market maker has moved from a person to a computer."
London Stock Exchange Lays Foundation for Baikal Dark Pool
Technology components, such as a smart order router from Fidessa, have been chosen; regulatory approval is eagerly awaited.
Skyler Releases Solution for Management of Multiple Market Data Sources
Solution targeted at firms that rely on more than one source of data for the pricing of the instruments they trade.
Sybase Reports Strong Quarter, Shares Database Roadmap
Company saw a 31% jump in enterprise database license revenue in the past year, plans to add time stamping and in-memory features to its IQ and ASE databases.
ITG Adds Dynamic IS to Algo Suite in Europe
The algo is designed for portfolio and quantitative traders who want to manage risk.
kasina And Horsesmouth Provide Insight Into Advisors’ Investment Behavior
kasina and Horsesmouth teamed up to provide insight into advisors' investment behaviors, preferences for working with asset managers, and opinions on specific firms.
AMD Rolls Out Server Chip for Energy-Constrained Data Centers
Servers loaded with Opteron EE chip said to run 13% more efficiently than those containing Intel Xeon processors.
Progress Software Launches Multicore-Ready CEP
Apama's Parallel Correlator automatically distributes complex event processing among eight cores, providing a seven-fold performance improvement.
Sungard Launches New Adaptiv Enterprise Risk Solution
The solutions features enhancements to areas such as collateral management, market risk and operational efficiency and control.
Turquoise and Three Investment Banks Share Latency Data
MTF and trading participants use CorvilClear to measure inter-party latency throughout infrastructure.
Kx Doubles Database Speed Using Intel’s Nehalem Server
Benchmark tests show 2X speed improvement for tick database running on Xeon 5500.
Geithner Under Fire on Capitol Hill Today
A critical watchdog report out this morning on the Troubled Asset Relief Program (TARP) says Tim Geithner's Treasury Department needs to do a better job of tracking how banks are using TARP money.
Oracle-Sun Merger Good and Bad News for Wall Street
The two company's software products should complement each other, but Sun's hardware is not a good fit for Oracle, analyst says.
Raymond James Buys Browser-Based Market Data Terminals
Brokerage is giving 4,000 financial advisers in its private client group access to information through an Interactive Data/Dow Jones web-based terminal.
Iraq Stock Exchange Goes Electronic
The system was paid for with a $6.5 million grant from the U.S. government and has taken three years to install, according to the WSJ.
Axios Systems and DataCenter Sign Strategic Agreement to Penetrate Growing Nordic Market
Partnership expects to benefit from market growth, as IDC forecasts Finland's IT market will grow by up to 3.4% during 2009.
FIX, SIIA to Collaborate on Financial Data Standards
The group that got the FIX protocol adopted throughout the industry is now working on other trade-related data standards.
TGIF: The Effects of Replacing Workers with Computers
An office replaces workers with boxes; a parking attendant validates more than stubs.
Boxed Out
Office replaces workers with boxes.
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