ELECTRONIC TRADING BRIEFS
The Pacific Exchange outsources its IT infrastructure to Sector; Warren Langley named the CEO of the Nasdaq/Liffe Futures Exchange; e-Pit systems and FinTrack Systems Corp.--a pair of vendors of Internet-driven trading systems--form a strategic alliance.
INVESTMENT TECH BRIEFS
JPMorgan announces the launch of Global Depository Reviews; Selkirk Financial Technologies Inc and WISDOM Technologies announced a strategic alliance; Financial Fusion, Inc. announces that Gartmore, one the five largest fund managers in the U.K., has licensed the Financial Fusion Server SWIFT libraries.
MARKET DATA BRIEFS
The FpML.org Standards Committee appoints Cygnifi's Solutions group to work on advancing the specification of the FpML Version 2.0 Working Draft release; CitiStreet signs on to Thomson Financial/Vestek's Vestek Select fund research program.
BISYS announces that Denis A. Bovin, Vice Chairman of Investment Banking and Senior Managing Director of Bear Stearns & Co., Inc., has joined its Board of Directors; Global Crossing Ltd completes its core network linking 27 countries and over 200 major cities around the world.
RISK MANAGEMENT BRIEFS
The Palisade Corporation releases the latest version of its @Risk Developer's Kit (RDK); BITA Plus launches its integrated portfolio analytic system, BITA5.
When Mission Critical Becomes Mission Impossible
Jeffrey A. Kohler of Reason, Inc., says companies facing the fact that wireless communications are a critical aspect of their success must also address the overwhelming reality of managing these wireless resources.
Derivatives and Straight-Through Processing
Patrick Tyne of onExchange, Inc., argues that, while the core qualities of STP can be extremely beneficial to complex derivatives instruments and their markets, the road to getting there is not an easy one.
FEA Releases Upgrade--Links to Bloomberg
Financial Engineering Associates (FEA) has released a new version of its MakeVC product used to generate volatility and correlation forecasts for risk analysis and portfolio management.
Wireless Alerts Reach Mobile Clients
Brokerage firms looking to compete against the likes of Fidelity Investments and Charles Schwab in providing mobile clients with access to information may want to take a look at 724 Solutions Inc.
June 2004...Are You Sure?
A few insiders are questioning whether the price tag associated with implementing T+1 initiatives is causing firms to put off the technological work it requires and, additionally, whether smaller firms have enough cash to make the changes at all.
AMEX Replaces Tibco With Talarian
Challenged by its seemingly ever-increasing quote traffic, the American Stock Exchange has decided to install Talarian Corp.'s SmartSockets messaging middleware platform in place of its incumbent, Tibco Finance Technology-supplied messaging infrastructure.
SIA Show Briefs
UNX upgrades its trading system; US Bancorp Piper Jaffray selects a pair of platforms from SunGard; Systeia Capital Management selects SunGard's Panorama; FAME releases new tool for detecting errors in time series data.
Advent Signs Heavyweights To Trusted Network
Advent Software, a developer of enterprise investment-management systems, has signed three additional account providers onto its Trusted Network, a system which seeks to empower financial advisors handling high net-worth clients by offering a pan-institutional view of their financial holdings and tax situation.
Avocent Touts Enhanced Flat Panel Technology
Featuring flat panel display (FPD) monitors equipped with keyboard-mouse (KBM) switching technology, Avocent Corp. will attempt to demonstrate the strengths of its trading floor solutions group at this year's SIA technology show.
MoneyLine Delivers Market Data Solution
MoneyLine, a provider of hosted Internet-based transactional services, real-time and historical content and applications to financial services firms is launching its latest market data product at this year's SIA technology show.
WorldStreet Sweeps Clutter from Inboxes
WorldStreet Corp. is demonstrating Version 2.0 of Worldstreet.net, a peer-to-peer, distributed communications platform that draws on the power of package servers to help buy-side decision makers filter unwanted messages.
So Much To Do, So Little Time
The theme of this year's SIA Technology Management Conference & Exhibit: Connecting the DOTS--Delivering Exceptional Financial Services, is intended to reflect the idea that although many Internet companies have become irrelevant, the Internet, and leveraging it effectively, is still paramount to a firm's success.
ADP's OMR Systems to Release Enhanced Trading Assistant
ADP's Brokerage Services Group will be offering an enhanced version of Trading Assistant, a treasury trading solution the company garnered during its 1999 acquisition of OMR systems, after spending the past year overhauling that system's technology architecture to make it more customizable and Web-ready.
Sun Shines STP On Omgeo
Sun's main focus at this year's SIA technology show will be straight-through processing "next generation solutions" for financial services firms.
Chairman of SIA Committee Updates Members
The chairman of the SIA's Technology Management Committee will address the conference today to update member firms and attendees on the group's projects and activities.
Multex.com Unveils XML-Based API
Multex.com has come to this year's SIA technology show intent on demonstrating that it offers a lot more than just a broad range of research on stocks.
A Fixed-Income Protocol Takes Center Stage
An industry group that's been working to extend the FIX protocol to meet the requirements of fixed-income securities must contend with a new standards-building initiative. The Bond Market Association has asked TradeWeb and Jordan and Jordan to accelerate the process and now uncertainty reigns as to which standard will emerge.
The CIO Elite Survey: Models For Success
Who are the top CIOs in the securities and investment arena and how did they get to where they are today? Read on as the creme de la creme discuss their major challenges, career paths and what their future holds.
XBRL To Make Life Easier For Analysts
Portfolio managers and financial analysts may want to keep an eye on XBRL.org as that entity works to develop an easier way to evaluate corporate documents.
Investec Ernst & Company commences live operational processing on the Gloss STP Bureau outsourcing solution from Wilco International; SWIFT shareholders approve new category of participant to enable financial institutions to provide hub-and-spoke messaging to corporate customers within closed user groups; Board of GSTP AG unanimously agrees on a pricing structure with up-front costs and no membership charges.
MARKET DATA BRIEFS
Bloomberg expands UK site coverage; Reuters Consulting and Capco create alliance to build solutions for financial institutions; The Financial Information Services Division of the Software Information Industry Association to hold June meeting at Reuters' new office.
RISK MANAGEMENT BRIEFS
SunGard Trading and Risk partners with Derivatives Solutions, Inc.; Zoologic adds introductory credit risk and derivatives; ABN AMRO teams with NextLinx to combine global trade risk management and financing with regulatory trade e-commerce content; Ethan Klemperer joins eRisk as vice-president of strategic planning.
Reuters officially launches fund management spin-off; WorldStreet says it's developing line of viewing products for financial documents, based on XML; FinPortfolio prepares to launch client management suite.
ELECTRONIC TRADING BRIEFS
Instinet appoints three new directors; London Metal Exchange names Simon Heale new CEO; SEC's summary letter of Nasdaq's application for exchange status is published in the Federal Register; TradeStation Group schedules June 27 launch of TradeStation Platform.