The Goldman Sachs Profanity Police
Goldman Sachs, embarrassed by the profanity that was used in the now infamous email that was brought to light by Sen. Carl Levin during a Congressional hearing, has moved to prohibit employees from swearing in emails. Goldman is deploying technology that will screen for "bad" words in emails and text messages.
Pyxis Mobile Appoints IT Vet As New CEO
Steven Levy, who replaces Bob Mazzarella, co-founded and served as CEO for 15 years at Macgregor, an order management system (OMS) provider, where he led the sale of the software firm to ITG for approximately $250 million.
The Data Center of the Future
Given Wall Street's insatiable need for computing power and the ever-increasing cost of energy, firms inevitably will deploy energy-efficient hardware and technology, such as virtualization. But to build data centers that will remain cost-effective for years to come, organizations including the NYSE and Citi also are focusing on how they power and cool their facilities.
Data Center Spending: $1.8 Billion (and Counting)
To handle the increasing compute demands of financial firms, a good portion of IT budgets in 2010 and beyond will be spent on upgrading older technologies to make today's data centers more energy-efficient and more powerful.
Bank of America Merrill Lynch Rolls Out ETF Algorithm
Bank of America Merrill Lynch has rolled put ETF-aX, an exchange-traded fund algorithm which purports to identify the most efficient combination of ETF, stock, and futures and then automatically trade them to source liquidity and find the best prices.
Windward Advisory Group Hires Veteran Tech Expert Bob Shepro
Shepro was founder and CEO of Shepro Braun Systems, where he designed and brought to market the first integrated real-time trading, portfolio management, financial accounting, partnership and trust system for hedge funds and investment managers.
Is Financial Services IT Innovation Dead?
Has IT ingenuity fallen victim to cost and compliance pressures? Four of the financial services industry’s top technology leaders offer their opinions in exclusive interviews.
Performa Deploys Eagle's Investment Management Suite
Performa, which has more than $2 billion in assets under management, is leveraging Eagle to run its core investment processes as well as to facilitate accounting and administration, data management, GIPS composite management, fixed income performance attribution, and client reporting
Circuit Breakers: Yes, But Will They Work?
Last month the SEC started a pilot program that established circuit breakers for the S&P 500. In this video, Wall Street & Technology editor-in-chief Greg MacSweeney talks with Larry Tabb, founder and CEO of TABB Group, about whether the circuit breakers will actually succeed.
TGIF: Financial Advice From A Hedge Fund Manager? Um, No Thanks.
Hedge funds had a great year in 2009, making up for many of their losses in 2008. That got a group of comedians thinking, if hedge funds still know how to make money, maybe hedge fund managers can dispense all kinds of financial advice. From the Upright Citizens Brigade Theater, the sketch group Hot Mess performs for American Public Media's Marketplace report.
Attachmate Tackles Insider Fraud With Luminet
Luminet captures user activity across the enterprise, helping organizations to protect sensitive data, reduce internal fraud and enable regulatory compliance, according to Attachmate.
SEC Circuit Breaker May Not Have Stopped May 6 Crash
Shares of Citigroup Inc. triggered alarm across Wall Street last week when an erroneous trade sent the banking giant’s stock down 17 percent, activating the U.S. Securities and Exchange Commission's two-week old circuit breaker.