Content tagged with Infrastructure posted in July 2012
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BGC Partners to Create Microwave Network Between Chicago and New Jersey
Global wholesale broker forms Epsilon Network with Thesys Technologies to create fastest route for futures, equities and fixed income between CME, Nasdaq, BGC and ELX Futures data centers.
Facebook Fiasco Dents UBS Profit
UBS reported a
surprise slump in profit, hit by a big trading loss on
Facebook's stock market debut and a drop in revenue that
pushed its investment bank into the red.
Europe's Banks Pounded by Recession, Libor, Facebook
As if things weren't bad
enough, one of Europe's banks took another knock on the chin on
Tuesday from its role in Facebook's botched stock market
flotation.
Rising HFT Volumes in Asia Push SBI Securities to OneTick
SBI Securites, a Japan-based online securities firm, is looking to OneTick to aid its data needs amid rising trading volumes in Asia.
Franklin Resources Profit Tops Expectations
Franklin Resources Inc posted
higher-than-expected quarterly earnings on Monday a s the money
manager maintained its steady investment performance record.
Mobile First: Financial Firms Must Focus on Creating a Seamless Customer Experience
When it comes to mobility, the biggest challenge for financial firms is in synchronizing their mobile, online and offline experiences to meet the expecations of both their customers and internal users.
The Mobile Frontier: Next-Gen Apps on the Street
The rise of mobile apps is transforming Wall Street, enhancing the customer experience, improving portfolio and risk management, advancing the search for alpha, and even strengthening compliance.
Barclays Dragged Into New Probe After Libor Blow
Barclays revealed a new regulatory probe and more U.S. lawsuits on Friday, making it harder for the British lender to rebuild its reputation damaged by the central role it played in the interest rate-rigging scandal shaking banks.
Chilean Broker Taps FIX Flyer for Testing Algos and Connectivity
Larrain Vial will rely on FIX Flyer's Ignition Trade Simulation and Certification Tool to test in-house algos and connectivity to a network of LatAm exchanges.
Dow Jones to Sell Newswires Through WSJ.com
When Lex Fenwick started his job as CEO
of Dow Jones & Co more than five months ago, he found it strange
that one of Wall Street's most historic and well-known brands
did not have a direct pipeline into Wall Street itself.
The Danger of Too Much Dark Liquidity
Dark pools play a critical role in today's market. But rising dark pool volumes mean wider spreads and higher costs on the lit markets, according to researchers in the U.S. and abroad.
Dell Releases Big Data Retention Product With Searchable Data Compression
The Dell Big Data Retention solution utilizes RainStor data compression techniques.
Prosecutors, Regulators Close to Making Libor Arrests
U.S. prosecutors and European regulators
are close to arresting individual traders and charging them with
colluding to manipulate global benchmark interest rates,
according to people familiar with a sweeping investigation into
the rigging scandal.
Stuck in the Mud: Can the Economic Engine Pull Itself Out of Financial Crisis?
Hidden dangers in dark pools and the buy side's intensifying pursuit of low latency, and the Pipeline saga seem to indicate that there are more storm clouds ahead for the financial industry.
Assessing the Risk in Europe: La Francaise's Partnership With S&P Capital Markets Could Provide New Avenue for Credit Innovation
Paris-based fund manager La Francaise AM taps proprietary credit market analytics and advisory services from S&P Capital IQ's Global Market Intelligence unit to create a credit fund in the Eurozone.
New Tech For The Buy Side? Not So Fast
When it comes to adopting new IT, the buy side may be holding back and waiting for others to take the first bite.
Deutsche Bank Rolls Out New FX Platform in Currency Arms Race
The largest bank in FX revamped its Autobahn FX platform to cater to different client segments and respond to changes in regulation and market structure.
Singapore Exchange Denies LSE Merger Talks
The Singapore Exchange (SGX) denied it was in talks to buy the London Stock Exchange, a sign there is little appetite for more large cross-border deals after several takeover attempts failed.
Options Trading Isn't Dead: Future Growth Will Occur When Investors Refocus on Equity Markets
Options volumes may be down along with the equity markets, but the buy side's increasingly sophisticated use of options strategies and growing investments in supporting technology point to big things for the market.
Cloud Computing Needs Better Contracts
The European Commission wants cloud computing firms to improve contracts they offer customers in a drive aimed at averting costly legal disputes.
Blackstone's Earnings Slump on Choppy Markets
Blackstone Group LP, the largest
publicly listed alternative asset manager, said on Thursday its
second-quarter earnings dropped as challenging public markets
eroded the value of its assets and crimped its lucrative
performance fees.
High-Performance Financial Analysis Goes Flashy
Accelerating real-time financial analytics and reporting with flash-based storage solutions
BNY Mellon Profit Falls, Bank Frets Over Euro Deposits
Bank of New York Mellon Corp on
Wednesday reported lower second-quarter profit and discussed
charging clients on their euro deposits as jittery investors
feel more comfortable parking their cash rather than buying
stocks and bonds.
Deutsche Bank Updates FX Trading Platform
The bank says the Autobahn FX platform will give users better control over their trades at a time when volumes are on the upswing.
Fidessa Updates Canadian Trading Platform
It's called - drumroll, please - Version 12.1 and the firm's trading kit has been deployed across 90 percent of Fidessa's Canadian's clients, including eight of the top ten financial institutions north of the border.
BlackRock 2nd-Qtr Profit Falls 11 Percent
BlackRock Inc, the world's
largest money manager, said on Wednesday its second-quarter
profit fell 11 percent as tumultuous market conditions cut into
fee income.
BofA Plans $3 Bln of New Cost Cuts
Bank of America Corp said it
plans to slash costs by $3 billion annually in commercial
lending, investment banking and wealth management, becoming the
latest big bank to take aim at expenses in a sluggish economy.
HSBC Exec Quits As Senators Hammer Money-Laundering Lapses
HSBC Holdings put itself at the mercy of the U.S. Senate on Tuesday, acknowledging shortcomings in its anti-money laundering operations and revealing the resignation of a global executive.
Are Top Hedge Funds Getting A Signal on Earnings Revisions?
Some big investors are sending surveys to Wall Street analysts, and feeding their responses into their algos, to get an edge on earnings revisions. Is this insider trading or quantitative investing?
Citi's Loss Beats Wall Street's Expectations
Citigroup Inc said on Monday
quarterly earnings fell 12 percent as it was stung by losses
from credit crisis-era assets, but the bank's results were
better than many analysts expected after cost-cutting.
Is the Buy Side Sacrificing Speed to Save Money?
In an interview with Advanced Trading, Tabb Group Partner Robert Iati says long-only buy-side firms aren’t racing to colocate, and in fact, may even be slowing down as a means to save money.
OTC Derivatives Reform Will Squeeze Data Management Systems
The systems that are in place clearly were not designed to deal with the voluminous volumes of data that are coming after Dodd-Frank, so regulator-ready data management is now critical.
JPMorgan Loses $4.4 Bln on Trades; Traders May Have Hidden Losses
JPMorgan Chase & Co, the biggest
U.S. bank, said it had lost $5.8 billion in 2012 from disastrous
credit bets and that traders might have tried to conceal the
extent of the losses earlier this year.
Investors: EU Hedge Fund Rules Could Hit Other Funds
Twenty investors - including Allianz, BlackRock, Fidelity and Schroders - have written to the Commissioner in charge of financial regulation.
Nasdaq's Event-Driven Analytics Now Accessible Via NJ Data Center
The firm said the move is an upgrade to its machine-readable news offering.
EU Banks Still Face Major Challenges
The European Banking Authority said there remained significant challenges ahead for Europe's banks after they successfully met new requirements to bolster their core capital buffers.
Ex-Goldman Trader to Attempt First Trade in Space
Seeking a world record, Anton Kreil, a former Goldman Sachs trader, plans to execute the first stock trade in space when he blasts off aboard the shuttle in 2014.
Managing the Bottom Line Means Managing Data
Real-time reporting and risk management requirements are driving reference data improvements, says Paul Rowady, Tabb Group.
Real-Time Risk Reduction Needed in a Fast-Moving Trading World
GAIN Capital adopts real-time analytics to evaluate its liquidity partners and manage under-performers on the fly.
The IT Stress Test for Financial Services Firms
As financial services organizations approach the 2013 budget planning season, the process of constructing an IT stress test will help them to collect needed data and create hypotheses about the dynamics of IT and the business.
Hedge Funds Fail to Wow in First Half
Hedge funds have little to brag
about halfway through 2012, with some of the industry's biggest
names reporting only small gains and trailing the benchmark U.S.
stock index by a wide margin.
A Time-Out for HFT
If high frequency traders can submit quotes and pull them out in an instant, why not set a time limit before they can resubmit a new quote?
Hedge Fund Odey Snaps Up More Barclays Shares
Seeing an opportunity in a crisis, a hedge fund manager buys up shares of troubled Barclays, calling it 'the cheapest bank in the world.'
Ontario Teachers' Pension Plan Crams for Market and Credit Risk
The largest single-profession pension plan in Canada chose SunGard's Adaptiv Riskbox for Market and Credit Risk Management.
Barclays Boss Diamond Quits After Apology
Barclays boss Bob Diamond, who once said it was time for bankers to stop saying sorry, apologized and quit after a market rigging scandal on his watch.
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Exclusive: Inside the GETCO Execution Services Trading Floor
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