Calyon Tackles Basel II With New ORM Software
Basel II is changing the way financial institutions look at operational risk, according to a recently released whitepaper by McLean, Va-based business consulting firm BearingPoint.
SunGard Data Systems Puts the Company Up for Sale
SunGard Data Systems is discussing a potential sale of the company to a group of private equity investors. Industry sources predict the potential buyers will sell off pieces of the financial software and services conglomerate.
Wall Street Execs: Linux is Here to Stay
Wall Street IT executives tend to get more money to experiment with emerging technology than those in many other industries, and they've been among the leaders in adopting the Linux operating system, grid computing, and services-oriented architectures.
Patent Litigation: Legalized Blood Sport
Am I nuts, or are today's patent litigation issues totally out of control? Since when does our industry allow technology vendors to take out method patents that curtail innovation and hold both firms and the global financial markets hostage?
Interacting With Algorithms
Miletus Trading, a quantitative broker that specializes in algorithmic trading, introduced a Web-based interface that enables buy-side traders to interact with the broker's algorithms.
Making the CIO’s Role Viable
Managing hundreds of IT projects is no easy task, but strategies such as project portfolio management (PPM) can ease the burden on CIOs.
Two Worlds Come Together
As voice and data converge, Wall Street sees opportunities for Voice over Internet Protocol, but the technology is no slam dunk.
Traditionally, internal auditors have been feared by IT organizations. But, rather than view auditors as foes, technology executives must learn to embrace auditors' expertise.
Northern Trust's virtual family office is working to change the way affluent families manage their money.
Different Sides of Compliance
Compliance experts from both the buy side and sell side share their firms' top priorities for 2005 and technology's role in achieving them.
The Evolution of Outsourcing
As investment operations outsourcing begins to take hold in the U.S. financial services industry, the service model is changing.
Don’t Believe the Hype
When it comes to President Bush's plan to privatize Social Security, the potential gains aren't as great as you might think.
Is data latency as big an issue for institutional traders as it has been made out to be? What is Lehman Brothers doing to avoid data latency issues?
FX Market Adopts E-Trading Platforms
Sixty percent of the $621 billion inter-dealer market for global spot foreign exchange is traded electronically and that figure will increase to 90 percent in 2007, according to Celent Communications.
IT Budgets Looking Up
For U.S. securities and investment firms, 2005 marks the end of cost cutting and tight IT budgets, according to a report by the new Boston-based research firm Aite Group.
Credit risk management hasn't been a hot topic in the securities industry since the fall of Enron.
SEC Increases IT Investments
The Securities and Exchange Commission (SEC) is getting a face-lift, and technology is playing a central role in its transformation. According to a recent report by Needham, Mass.-based TowerGroup, the SEC IT budget for 2005 -- $113 million -- is 2.5 times that for 2002.
Operations Briefs: KGI Signs for ADP Wilco’s Gloss Platform in Asia Pacific, and more.
KGI Signs for ADP Wilco's Gloss Platform in Asia Pacific; DTCC Officially Opens New Southern Business Center; Phase II of Global Clearing Link to Enhance Eurex's Global Distribution Through Eurex US; CCorp Requests CFTC Approval for Phase II of Global Clearing Link With Eurex Clearing; EMoney Advisor Expands Functionality With AdvisorPlatform 4.0
The International Securities Exchange Goes Public
All eyes are on the industry's first electronic options exchange as other exchanges ponder going public. In an interesting twist, the ISE chose to list its shares on the New York Stock Exchange, a floor-based market.
Boston Stock Exchange Moves Ticker App to Linux
For the Boston Stock Exchange to remain competitive, its ticker-processing software must provide brokers with a constant feed of data. If this flow of information wavers, traders lose out.
Study Finds Provisioning Is Key Control for SOX Compliance; Tideway's IT Configuration Management Solutions Target U.S. Investment Banks; RSM McGladrey Says IT Security Biggest Risk for Financial Institutions; Euroclear Selects Norkom's AML Solution
The Battle Over Index Options
An industry source reminded me recently that major events happen in the financial industry for three reasons: fear, greed and regulation.