Content tagged with Data Management posted in October 2012
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JPMorgan Sues London Whale's Former Boss
JPMorgan Chase & Co has filed
suit against the former boss of Bruno Iksil, the trader known as
the London Whale for the outsized derivatives positions he took
that cost the bank $6.2 billion this year, according to a
published report.
NYSE to Test New Plan; Trading Floor Undamaged by Storm
NYSE Euronext said it plans to
test a new contingency plan to help resume stalled U.S. equity
trading, and added that its famed trading floor is not yet
damaged by Sandy, one of the biggest storms to hit the United
States.
Legg Mason Profit Up With First Net Inflows Since 2007
Asset manager Legg Mason Inc said
on Friday quarterly profit topped expectations as the company
reported its first quarterly net inflows of client funds since
2007.
Fee Pressures Drain Revenue at Big Asset Managers
Two big asset managers reported quarterly
revenue declines on Thursday as investors moved into lower-fee
fixed-income funds.
The Evolving Role of the CDO
John Bottega, who has been chief data officer at Citi, the Federal Reserve Bank of New York and now Bank of America, says the role of data in the enterprise is increasing.
Big Data: A Big Deal for Trading Floors
Regulators are requiring financial firms to store many types of trading communications, including voice, IM, mobile SMS, and social networks putting stress on existing systems, writes Orange Business Services- Trading Solutions;s Sébastien Jaouen.
Gadgets Add Complexity to Brutal Bank Layoffs
In the high-tech, gadget-addicted
world of investment banking, layoffs are becoming more complex
and brutal as firms try to stop sensitive data leaving with
employees.
BlackRock Profit Climbs on ETF Gains
BlackRock Inc, the world's
largest money manager, said third-quarter profit rose 8 percent
as investors poured cash into its iShares line of
exchange-traded funds.
Form PF: Lessons Smaller Asset Managers Can Learn From First Filers
The experiences of the largest investment managers can serve as helpful guideposts for smaller investment managers whose filing deadlines still remain on the horizon.
Equity Derivatives trading Volumes Move to Electronic Platforms — Study
The percentage of North American futures volume traded electronically soared to 48 percent in 2011-2012, up from 38 percent the prior year, according to Greenwich Assoc. equity derivatives study.
Citigroup Profit Drops As It Writes Down Brokerage Unit
Citigroup Inc said quarterly profit
plunged on a $4.7 billion writedown of its stake in a brokerage
operated by Morgan Stanley, but North American mortgage
lending revenue increased and capital markets results rebounded.
How To Drive Down IT Spending
While regulation places increasing pressure on firms’ technology and data volumes continue to skyrocket, how can firms limit their IT spend?
Would Traders Want OMS/EMS Access on an iPhone?
Mobile apps for iphones and tablets are starting to emerge in the OMS/EMS space, so that buy side traders can place a trade, rebalance a portfolio or check compliance.
Mortgage-Backed Securities Once Again A Good Bet for Hedge Funds, Asset Managers
With the U.S. housing market appearing to have turned the corner, along with the Fed planning to buy mortgage bonds every month, the outlook for mortgage-backed securities appears bright.
Second-Tier Banks Need Capital Top-Up By 2016
Nationally important banks
will need to hold extra capital from 2016 to cushion the impact
on their domestic economies if they hit trouble, but the global
banking watchdog will leave it up to national regulators to say
how much more.
trueEX Signs Clearing Deal with CME Clearing
As a designated contract market or DCM, trueEX will offer electronic trading in standardized global interest rate swaps, and clear through CME Clearing.
Downgrade Unlikely for JPMorgan After 'Whale' Trades - Fitch
JPMorgan Chase & Co has
made enough progress containing its $5.8 billion of derivatives
losses and tightening its risk controls that the outlook for its
credit rating has improved to stable from negative, Fitch
Ratings said on Wednesday.
Wall Street Data Centers: Does Size Matter?
To be hip and modern, Wall Street's data centers need to shrink, reduce costs and boost efficiency.
OTC Derivatives Clearing Raises Challenges for Collateral Management
A new report by Woodbine Assoc. analyzes the impact of Dodd-Frank/Basel II regulations on collateral management and increased margin requirements, while offering an in-depth analysis of vendor systems.
Hedge Funds Cut Trading Desk Budgets —Study
With a prolonged slump in trading activity, 44 percent of hedge funds responding to a Greenwich Research study said 2012 trading desk budgets were reduced from 2011.
Are Wall Street Firms Looking to Third-Party Data Centers To Take Advantage of Efficient Cloud Computing?
In addition to cost savings, third-party data centers offer financial firms an increasing menu of infrastructure services, which can even help create competitive advantage. But security and compliance concerns will likely keep many financial organizations from soaring in the public cloud.
Morgan Stanley's Gorman: Bankers' Pay is Too High
Finally, the outrageous pay on Wall Street has become more than an embarrassment, it's a liability.
Informatica Profit Warning Hits Tech Sector Shares
Informatica rattled investors with a warning about worsening business conditions in Europe, sending its shares down over 25 percent.
To Survive, Derivatives Market Must Change Dramatically: Report
Tabb Group's Adam Sussman says the derivatives market has to change more than what's being required under the new regulations.
Data Center Spending Is Simply Unsustainable
Financial firms spend millions to build data centers and then millions annually to continue running the facilities. A perfect storm of increasing costs and server underutilization and declining industry revenues are forcing firms to rethink their data center strategies.
With More Fixed Income Assets to Manage, Automation Key For the Buy Side
Asset managers now have more fixed income assets to manage across disciplines and markets, placing more pressure on all phases of trade processing.
Monash Investors Adopts Imagine Portfolio, Risk Tools
The Australian fund manager adopted the new solutions to run Va, Monte Carlo and scenario analysis.
Clearwater Capital Partners Gears Up With Paladyne
The investment firm will now use Paladyne Portfolio Master as its multi-asset class trade order management and compliance system to support their front-office needs globally.
The Death of the Data Center Has Been Greatly Exaggerated
Many experts have predicted that the rise of cloud computing would result in the demise of the corporate data center. But it won't happen in our lifetimes, says Tabb Group's Alexander C. Tabb.
Taking the Cloud From Wall Street to Main Street
The ability to ramp up development and testing environments in the cloud can help firms in many industries tame technology complexity.
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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.
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