Thomson Integrates OMS, TradeWeb
To enhance the workflow of asset managers and buy-side traders active in fixed-income markets, Thomson Financial launched TradeCentral, an order management system (OMS) that comes pre-integrated with Thomson TradeWeb, the electronic fixed-income and derivatives marketplace.
Day 5 at Davos: Recapping the World Economic Forum 2007
The top priority for many senior business and financial leaders at the World Economic Forum was, surprisingly, climate change, followed by global banking security standards.
My first visit to the World Economic Forum is now over and, after an exhausting week, I used the downtime on my flight home to contemplate some of the bigger issues that were raised during the past week.
Day 4 at Davos -- Banking the Unbanked
The unbanked, or underbanked, represents a huge -- but risky -- opportunity for financial institutions. And one needs not travel to Asia or South America to find a large underbanked market: There are 50 million unbanked people right here in the world's most developed economy.
Day 3: A good climate for global regulation?
Delegates are calling for global regulation that directly addresses climate change at the World Economic Forum in Davos. But can business, government and scientists agree on a solution that could actually have some impact on a global scale?
Day 2 at Davos: Setting the Security Standard
Not surpisingly, information and data security is one of the hotter topics in Davos among the attendees at the World Economic Forum. Logically, if there are regulators for the Internet, telecommunications and accounting, why don't we have a standards in place for information and data security?
Wealth Managers Turn to Unified Managed Accounts to Better Serve Wealthy Clients
Unified managed accounts and unified managed households are part of a growing trend to electronically aggregate a client's holdings in as close to real time as possible. The goal of such cross-product, cross-institution and cross-individual accounts is superior portfolio management, including tax optimization and risk mitigation.
A Market Turned Upside Down
The European Union's Markets in Financial Instruments Directive (MiFID) is scheduled to go into effect in November 2007. Even U.S.-based firms will need to have a thorough strategic plan for compliance in order to stay competitive in the global markets.
NYSE Requests a Four-Week Extension of the Reg NMS Deadline
Although it has been beaten to death by industry analysts and press, the importance of the changes to the U.S. securities industry spurred by Reg NMS cannot be overstated. The industry anxiously awaits full implementation of the regulation in 2007.
Firms Ready to Dive Into China's Financial Markets
The opening of the huge Chinese financial services sector to foreign-based institutions presents a gamut of opportunities -- whether in retail and corporate banking, investment banking or asset management -- for North American and European firms.
Regaining N.Y.’s Financial Glory?
The SEC's vote to reduce the impact of Sarbanes-Oxley by reducing audit and sign-off requirements on firms' financial controls is a positive step, but will it bring back growth to the U.S.'s financial markets?
Moody’s Hires Rotella as CIO
Moody's Corp. -- the New York-based parent company of the credit rating, research and analysis firm Moody's Investors Service -- hired Perry Rotella as SVP and CIO. He will report to CEO Raymond McDaniel.
Chauvin Promoted to CRO at TD
Mark Chauvin, a veteran of TD Bank Financial Group, has been appointed as EVP of risk management and chief risk officer for the firm.
VASCO Bolsters Tokens
Chicago-based strong authentication vendor VASCO Data Security International has bolstered its hardware authentication offerings with the release of two new user authentication products for online commerce.
Reuters Enhances IM
Instant messaging technologies are increasingly gaining a foothold in various functions of the financial services industry.
In order to address December's changes to the Federal Rules of Civil Procedure (FRCP), electronic communications compliance vendor Orchestria released an e-discovery solution, Legal Hold.
On the Offensive
Capital markets firms enter 2007 amidst dramatic changes in their product offerings, customer relationships, organizational structures and markets.
SMS Messaging and Asynchronous Data/Voice Capabilities Will Shape 2007 Wireless Market
SMS and text messaging will take center stage for financial organizations that support wireless access for clients, reports Joseph Ferra, chief wireless officer at Boston-based Fidelity Investments. Those trends, combined with the introduction of asynchronous data and voice capabilities, will drive increased wireless usage for financial transactions.
In Search of Liquidity: The Time Is Now
After more than a year of investing in technology to comply with Reg NMS, firms need to demonstrate that their systems are up to the challenge of dealing with a shattered market and accessing 30 or more trading venues in the scramble for liquidity.
10 Critical Business Technology Issues for The Street
In 2007, firms will face the daunting full rollout of Reg NMS in the U.S. and the likely beginning of MiFID implementation in Europe while they continue to struggle with data privacy, OTC derivatives, a shortage of talent and the potential of Web 2.0, among other challenges.
Who Says Security Is Important?
Despite its marketability, customer information security surprisingly does not provide a significant competitive advantage among online brokerages, according to Pleasanton, Calif.-based Javelin Strategy & Research.
Ask The Expert: Trends
Question: What business trend will have the biggest impact on asset managers in 2007, and how will it impact the IT department?
Pondering Liquidity Management
The next five years will see a considerable increase in order internalization as market pressures force firms to adopt the philosophy of liquidity management in order to stay competitive, a new research note from Westborough, Mass.-based TABB Group speculates.
A Fresh Look at Outsourcing Contracts
With the pioneers of IT and business process outsourcing operating under contracts that were enacted five to 10 years ago, the time has come for outsourcing agreements to be refreshed, says Houston-based Equaterra.
A Good Year for WMPs
North American sales of wealth management platforms (WMPs) are expected to remain strong, reports Celent (Boston) in its recent ranking of WMP vendors.
Not My Problem?
The unthinkable is becoming thinkable. In an increasingly unsafe world where companies of all shapes and sizes are under constant attack from hackers and fraudsters, a new research note from TowerGroup (Needham, Mass.) suggests that the best answer may, in fact, be the outsourcing of security.
Stock Spam Surges
Stock spamming experienced a major surge in 2006, according to a yearly recap and outlook report from San Bruno, Calif.-based e-mail and Web security vendor Ironport.
It Costs More Than You Think
Two of the slowest areas of the retail brokerage industry to adopt process automation have been the direct business of mutual funds and annuities, according to new research from Boston-based Aite Group.
Regaining N.Y.’s Financial Glory?
While the easing of Sarbanes-Oxley is something to celebrate, it won't bring the traditionally New York-based investment banking business back home tomorrow.
Liquidnet Decides to Acquire Miletus Trading
By Ivy Schmerken, Wall Street & Technology
Today Liquidnet, the leading electronic marketplace for block trading, revealed plans to acquire Miletus Trading, an agency-only broker that supplies quantitative execution strategies and analytics to institutional investors.
Liquidnet signed a definitive agreement to purchase Miletus Trading, according to the release, though financial detail
There Oughta Be a Rule
Media outlets, including Wall Street & Technology, are fond of predicting what the future will bring.