Electronic Trading Newsflashes
BondDesk Acquires TechHackers from Unisys; CME Reports Record 2004 Volume; Electronic Trading Accounts for 57 percent of Total; BNY Brokerage Links DEx to Macgregor XIP Order-Management Network
Investment Management Newsflashes
Schwab Institutional Announces New Managed Account Solution for Advisors; Silver Leaf Partners Launches Prime Brokerage Services Platform; EBS Benefit Solutions Enhances Web Offering to Plan Sponsors with Envisage; Advent Software Forecasts 2005 Trade Order Management Trends
Best Execution Industry Symposium Tackles RegNMS and Soft Dollar Reforms; Deloitte & Touche Names Anti-Money Laundering Authority
Light Speed and The Buttonwood Tree
The history of the financial markets has revolved around community. The Buttonwood Tree, the Stock Exchange, the delivery zone and the talent pool - all were very New York, Lower Manhattan-centric.
IST Streams Data to BlackBerry; NetAPP Embraces Grid; TradePRO Offers Instant Delivery
Combating Blended Threats
One of the most significant computing events of 2004 occurred in January, when the Internet was hit by the MyDoom worm. According to analyst group Computer Economics, the worldwide cost of MyDoom reached an estimated $4 billion.
Firing On All Cylinders
Having the proper infrastructure in place is critical to measuring enterprisewide performance.
THE CHALLENGE: As markets make the seemingly inevitable transition to automated trading, former floor-based traders need to relearn their craft. To familiarize themselves with electronic trading technologies, many traders are going back to school.
The Cost of Compliance
Increased regulations are forcing hedge-fund managers to invest in technology that they once thought they could do without.
With straight-through processing again on financial institutions' agendas, the focus has turned to data management as a first step.
The Alternative Fix
As alternative investments take on the marketplace, firms search for the right tools to support the trend.
Brokers Bang on OMS Doors
Brokers want OMS vendors to create interfaces to their algorithms, but the lack of a standard FIX message is problematic.
To Linux or Not to Linux
Though gaining popularity among financial-services firms, the open source platform may not be the OS of the future.
Hybrid Markets: A Migration to the Screen
The NYSE and other exchanges are planning to transform themselves into hybrid markets in response to Reg NMS. But is this a permanent move or a temporary step that will eventually evolve into screen-based trading?
Making a Choice
What does it mean when the most powerful floor-based exchange in the world introduces a hybrid marketplace? It can only mean one thing: This is the beginning of the end of the auction market.