It’s a Family Affair
If you think your family tree is confusing, check out the data hierarchies being built in Wall Street's data departments.
New Kids on the Block
Two new players are offering block-execution systems to buy-side institutions. Can they succeed in a crowded field?
If You Build It, Will They Come?
As wealth managers battle for assets, CIOs are increasingly turning to outside vendors to build best-of-breed technology solutions.
Viewing SOX Holistically
It's a good thing that the Sarbanes-Oxley Section 404 deadline has been extended, as many on Wall Street weren't quite ready for the June 15 mandate.
Integration Is Key
Integration was raised again and again as one of the largest obstacles to creating the perfect broker-workstation environment.
SunGard launches Exception Manager for investment firms; XcitekConsultingServices examines mutual-fund breakpoints; Eze Castle Software announces Destination Station for FIX trading.
Thomson Financial adds aftermarket research data from J.P. Morgan Securities; Informatica supports IBM Compliance with its data-integration platform; Denmark Bank implements Reuters Market Data System.
BNG picks Front Arena for consolidating fixed-income and derivatives; IBM pitches tech package at $4 billion Basel II market.
Clearing systems ready for March 26 launch of CBOE Futures Exchange; Reuters acquires remainder of ICor Brokerage Ltd.; ITG implements Triton with TimesTen data-management technology; Nasdaq launches integrated platform for NYSE-listed and Nasdaq stocks.
An Interview with Nasdaq’s Christopher Concannon
If Christopher Concannon were a linguist, then market structure would be his language. As executive vice president of transaction services for the Nasdaq stock market, Concannon is responsible for the management and operation of Nasdaq's transaction platforms, including SuperMontage, its automatic-execution system.
Trema launches NAV Monitor; UBS Wealth Management Australia implements Sanchez Portfolio; Northstar updates enterprise-advisery platform.
Franklin Templeton Investments will implement StreetReference; Cantor Market Data and Tradition extend swaps-data service; Northern Group Treasury upgrades Moneyline Telerate workstation.
Four firms go live with DTCC's credit-default swaps-matching service; SuperDerivatives signs up 10 German and Austrian banks; Central banks draft report on managing risk in CCPs; SunGard unveils Adaptive framework.
OM acquires stake in U.K. back-office outsourcing provider; State Street buys the rest of Elkins/McSherry; TransactTools scales to meet explosive growth in ArcaEx FIX message volume; Lava releases market making for listed-trading to coincide with SuperMontage offering.
Standard Life Investments chooses Charles River; State Street becomes shareholder in E-Crossnet; ABN AMRO Netherlands selects Odyssey for portfolio management.
Hotspot FX delivers data from MNI; BNY and Wachovia sign on with OpVantage for operational-risk data.
Mantas advocates creation of anti-money-laundering standard; WestLB licenses Principal System for structured investment vehicle; SuperDerivatives launches FX-options risk-management system.
Globex Learning Center picks FFastFill's training-to-trade software; SunGard Futures launches processing ASP Services in Germany and Central Europe; Archipelago files to raise $150 million in IPO; Fortis Bank selects Radianz for buy-side connectivity.
Leman Leaves Citigroup
Citigroup's global corporate and investment banking business is saying goodbye to Jim Leman after 22 years of service.
Foreign exchange is taking a front seat at FIX Protocol Ltd, where Steven Donovan and Jack Lemonik have been named co-chairs of the FIX Foreign Exchange Working Group.
Barring Bad Credit
Credit-risk identification is the goal of Berkeley, Calif.-based Barra's new Barra Credit product.
InfoStep Stands Up to Sox
Still stumped by Sarbanes Oxley? InfoStep, has released eLustroHarmony, a risk-management and compliance tool to help get firms on track with SOX.
IT Challenge: Spam
The Challenge: Junk e-mail is becoming a big problem, as spammers clog inboxes with dubious offerings from weight-loss remedies to cheap Viagra.
Putting an End to the Spend
Having a fail-proof disaster-recovery plan is important, but so is a cost-conscious budget. Can financial-services firms have both?
Give Me a Break
Breakpoints may give investors a break, but Wall Street's CIOs are working overtime to comply with regulators' wishes.
Changing of the Guard
The NYSE's new Chief Executive John Thain is moving quickly to increase automatic execution on the floor. Will there still be a role for specialists? Will he dismantle the auction model? How far will John Thain go?
Cost of Exceptions Drops
The cost of exceptions has dropped 30% in the last 12 months, according to a recent study by SunGard eProcess Intelligence.
Although performance attribution has been around for years, portfolio managers are looking to get more from their performance-attribution systems.