Content posted in May 2012
|
5 Technology Adoption Tips for Portfolio Management Platforms
Consider the following top five recommendations from Celent, Cornerstone Revolutions and AZA Capital Management experts for smoothly transitioning to a modern portfolio management platform.
Citi Expects 66 Percent Drop in BlackBerry Use After Implementing BYOD Strategy
Financial firms once supported only the BlackBerry, but now Apple's iOS and the iPhone and iPad are gaining momentum across the Street.
Commission Shrinkage Complicates Life for Buy Side
As the trading slump caused equity brokerage commissions to contract through Q1 2012, institutions upped their research payments to the sell side. But where does that leave electronic trading?
Morgan Stanley Moves to Increase Stake in Smith Barney
Morgan Stanley will buy another 14 percent of joint venture Morgan Stanley Smith Barney, starting what could become a negotiation to purchase the rest of the retail brokerage from Citi.
RIM Running Out of Options
BlackBerry maker Research In Motion may be running out of options as it struggles to turn around its slumping fortunes with the help of a coterie of investment bankers.
A Modern Trend: Suite-Based Portfolio Management Systems Are The Latest Must-Have for RIAs
While many RIAs still struggle with manual, outdated or disparate systems, firms such as AZA Capital Management are transitioning to integrated suite-based portfolio management solutions to improve productivity, reduce costs and enable growth.
Morgan Stanley's Facebook Analyst: Sober Man in World of Hype
Scott Devitt, who replaced star Internet analyst Mary Meeker at Morgan Stanley in 2010, was one of the few analysts to cut his price target for Google in January after the company's fourth-quarter earnings missed analyst expectations by more than $1 a share.
Dimon to Appear Before Senate Panel June 13
JPMorgan Chase and Co
Chief Executive Officer Jamie Dimon will testify before the U.S.
Senate Banking Committee on June 13 to discuss the bank's recent
trading losses, the committee said on Thursday.
Wall St Stumbles as Euro Zone Worry Grows
U.S. stocks dropped on
Wednesday, as rising bond yields for Italy and Spain and the
latest poll results in Greece worsened fears about a spiraling
of the euro zone's debt crisis.
Two FX Players Unveil Platforms Amidst Greek Crisis
With rumblings of a Greek exit from the euro zone in the background, two players announced trading platforms for sourcing liquidity.
Is Co-Sourcing The New Outsourcing for Asset Managers?
Co-sourcing could be a model that both large funds and start-ups consider as they grapple with uncertain economic conditions.
'Corzine Rule' Proposed for Futures Brokers
Under a proposed rule, futures brokers would need to get approval from a top executive before making big withdrawals from customer accounts.
Can Brokers Evolve to Avoid Extinction?
In a "A Night At The Museum" Fidessa's Steve Grob explores how brokers must adapt to keep the Buy Side up and running.
Betting on a Further Facebook Fall
The options markets do not have high hopes for the social media giant. Next stop: $10 a Share.
Big Data's Role in Meeting Compliance and Regulatory Challenges
Responding to the changes in the financial industry with yesterday's data capabilities will place financial institutions at a disadvantage. Utilizing big data technologies can help firms meet financial reporting requirements, says DataArt's Oleg Komissarov.
How to Land a Technology Job on Wall Street: Inside an Elite Wall Street IT Education
To secure the next generation of IT talent, capital markets firms are aggressively recruiting graduates from the top technology schools. But landing a tech job with a Wall Street firm takes more than good grades.
Cheated Again: Madoff Victims Receive Millions Less Than Trustee
Irving Picard’s fee is a huge $850 an hour. But is he worth his weight in gold?
Facebook's Market Maker Losses to top $115 Million
Four of Wall Street's major banks involved in Facebook's botched IPO expect their losses from technical glitches on Nasdaq's exchange to be around $115 million.
Citi Seeks Its Next Act in Wealth Management
As Citigroup prepares to exit its ownership in brokerage giant Smith Barney, the bank is aiming to hire 800 brokers by 2014 to build what it hopes will become a significant U.S. wealth management business.
FIX Protocol Ltd. Updates Guidelines for Venue Reporting
The industry standards body published revised guidelines today to provide buy-side firms with more consistency and transparency into execution reporting, including enhancements for European equity markets.
Meet the Hedge Fund Manager on the Other Side of the JPMorgan Bet
His name is Boaz Weinstein and he turned Jamie Dimon's lemon of a bet into sweet lemonade.
How to Climb the Wall Street Corporate IT Ladder
Even as layoffs lay waste to financial services payrolls, top IT pros remain in strong demand. Here are the skills -- including Big Data and social media -- workers need to survive and thrive in a modern Wall Street IT organization.
Credit Suisse Ranks as Top Broker for U.S. Equity Trading —Study
Buy-side traders surveyed by Greenwich Associates gave Credit Suisse 9.5 percent of their U.S. equity trading share, while Bank of America Merrill Lynch and J.P.Morgan tied for second place with 8.9 percent.
Banks Shrink from Counterparty Risk as Euro Crisis Rolls On
Alarmed by Europe's latest debt
crisis and its unpredictable outcome, banks are getting
increasingly picky about who they do business with for fear of
taking on risky exposures to rivals who could be about to be
whipsawed by bad debts.
JPMorgan Dips Into Cookie Jar to Offset "London Whale" Losses
JPMorgan Chase & Co has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank's now-infamous "London Whale," compounding the cost of those trades.
How to Manage Millennials: Harnessing Their Adaptability, Flexibility and Connectivity
Millennials have gotten a bad rap as poor performing, high-maintenance employees. But they can bring a lot of value to the IT workforce — if managers know how to connect with them (literally and figuratively).
Why Do Retail Investors Always Seem to Get the Shaft?
Facebook's botched IPO is the latest example of how small investors often get a raw deal in today's marketplace.
NYSE Euronext Opens Liquidity Center to Third-Party Service Providers
The move is a response to customers’ requests for lower costs for a range of market services, including colocation.
Financial Crisis Has Been Brutal to Top Woman Executives
The latest casualty: Ina Drew, the head of JPMorgan Chase's chief investment office, who departed last week after the bank suffered mammoth trading losses.
Morgan Stanley Adjusting Some Facebook Trades
Morgan Stanley will adjust thousands of trades to ensure outstanding limit orders to sell will be filled at no more than $42.99 a share for Facebook stock from last Friday's botched initial public offering.
CME Declares Stock Split to Attract New Investors
U.S. exchange operator CME Group
, battling to shore up trading volumes amid new
competition, on Thursday declared a five-for-one split of its
common stock in a bid to attract to new investors.
Facebook Fallout: Silicon Valley Won't Snub Morgan Stanley
Silicon Valley
isn't quite ready to dump Morgan Stanley over the
Facebook IPO fiasco.
From Facebook to Quants -- The Top Quotes of the Week
It wasn't all Facebook, Facebook, Facebook this week, although you could be excused for thinking that this was all anyone was talking about. Along with a badly bungled IPO, we found scintillating quotes about insider trading, quants vs. humans and a passionate defense of private equity from an unlikely source in a presidential election year. Enjoy AT's Top Quotes of the week -- and remember to have some fun this Memorial Day Weekend.
The Facebook IPO Debacle, JPMorgan Deja Vu, What Will RIM Do With the BlackBerry? and More Quotes of the Week
Facebook's flubbed IPO, too-big-to-fail banks, RIM/Blackberry's future, JPMorgan's financial circus deja vu and the euro's coming armageddon are just a few of the quotes that made it to this week's quote roundup.
Facebook: The Strangest IPO of All Time?
Technology glitches, insane valuations, secret disclosures and high-frequency trading have all played a part in the Facebook IPO soap opera.
Funniest Reactions To Goldman Sachs' First Tweets
Goldman Sachs has finally started tweeting, leading to a flurry of reactions on Twitter and elsewhere.
Goldman Sachs Starts Tweeting, With Mixed Results
With its first tweet, Goldman gained 7,000 followers.
Fidelity Facing "Thousands" Hit by Facebook Woes
Fidelity is working with "thousands" of brokerage clients affected by trading issues that have engulfed Facebook's IPO.
Knight Capital Hit by Possible $35 Million Facebook Loss, Wants Nasdaq to Pay
Electronic trader Knight Capital said it suffered a pre-tax loss of $30 million to $35 million on the botched Nasdaq trading debut of Facebook.
U.S. Tech Worker Shortage Looms, Study Warns
Tech-industry backed group says U.S. is losing the global battle for tech talent to countries that welcome skilled workers with open arms. But not everyone is convinced of a talent shortage.
Quant Looks for Human Touch
The man who brought quantitative trading to Goldman Sachs is starting a new fund with greater oversight of the process - by real people.
Fisher Investments Opens Sydney Office
With a new Australian subsidiary, the money manager is looking eastward.
Ex-Millennium Collison Shuts Asia Hedge Fund
The closure is the latest in a growing list of hedge funds to shut shop in the region.
Fidelity Works to Calm Customers' Facebook Concerns
Nearly a week after the initial
public offering of Facebook, Fidelity Investments
signaled it is still dealing with customer confusion over
whether they actually own shares in the social media company.
Wall Street Unfazed on Euro Zone Worries
U.S. stocks was little changed
on Thursday in volatile trading as ongoing concerns about
Greece's possible exit from the euro zone and tepid data on the
U.S. economy gave investors little reason to take risk.
What, Me Worry? Alfred E. Neuman & Dodd-Frank
Hiding your head in the sand is not an option with the most complex financial law in 70 years.
Millennials May Be the Cure for the IT Talent Shortage in Financial Services
CIOs need to learn what makes Millennials tick, or risk missing out on the tech-savvy skills the ME Generation brings to the table.
Nasdaq: Looking Back In Dismay at Facebook IPO
Had we known then what we know now, we would have delayed the IPO, a senior exec says.
More Wall Street Execs Are Fighting The SEC
The SEC is currently actively litigating about 90 cases, up more than 50 percent in the past year.
Wells Fargo Has A Different Kind of Risk Management
Wells Fargo & Co doesn't employ
the same kind of hedging strategy that has triggered a trading
loss of at least $2 billion at rival JPMorgan Chase & Co, the bank's chief risk officer said.
|
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.
Tweet This