Retail Traders Apply Algorithms to FX
"We're seeing retail traders now come in building their own models and who are involved in high-frequency trading," says Thomas Plaut, CEO of online foreign exchange broker FX Solutions.
The Feds Get Web 2.0 and AARP Doesn't Like It
As long as Baby Boomers and the Greatest Generation lead the way in terms of investable assets, the push and pull between old-school reliability and new-school efficiency is something that brokerages, regulatory bodies, etc. will be forced to contend with.
Banks' inability to price and measure risk on complex financial products is alarming and needs to be improved to avoid another market meltdown.
Fully Equipped NYC Offices to Be Offered to Startup Hedge Funds
For startup hedge funds and existing hedge funds that would like to have an office in New York City, Eze Castle Integration announced today it's going to start offering "managed suites" at 529 Fifth Avenue and 44th Street (near Grand Central Station) early next year. The company will provide office space, computers loaded with basic office software, market data feeds, Blackberry services, a telecom infrastructure, conference rooms, a receptionist, a 24x7 help desk, a shared data center, disaster
New Model Attempts to Price CDO Options
In the aftermath of the CDO (collateralized debt obligation) crisis, for firms that are ready to dive into securitized credit products again, a new pricing model came out today for valuing exotic credit products such as options on tranches and forward starting CDOs (a forward starting CDO is a single tranche CDO with a specified premium starting at a specified future time).
Achieving Alpha: How Do Traders Do It?
All traders talk about it, but how are they actually achieving alpha? Several buy-side traders say the key is creating long-short funds that enable traditional firms to act more like hedge funds.
Upsurge of Attacks Against Banking Sites
Security firm F-Secure has warned of an upsurge in attacks against banking sites, using a new generation of malicious codes in a technique called "Man in the Browser."
ATSs Favor Independent Tech Supplier
New alternative marketplaces that are gearing up to compete with traditional exchanges are staying clear of the exchange-aligned technology solution providers.
GAIN Hires Andrew Haines as CIO
As CIO, Haines will be responsible for overseeing trading and business application development, infrastructure applications and business continuity planning.
Streamlining Global Compliance
Globalization continues to be a trend, and companies are finding they can't manage current global compliance requirements efficiently.
Wall Street Firms To Globalize IT in 2008
Markets in Asia and Latin America are growing more lucrative, and investment banks and asset managers are setting up shop overseas. But firms must globalize their IT to support international business.
Top Level Financial Execs Targets of Cyber Attack
In the last 24 hours, there has been a spike in malicious attacks against banks, purportedly coming from the U.S. Department of Justice and targeted specifically at CEOs, CIOs, CFOs and vice-presidents at financial institutions.
How Well Can Wall Street Handle Pandemic Flu? Drill Results Are Mixed...
With bird flu outbreaks cropping up from Europe to Asia, scientists say the new pattern of spreading infection makes a worldwide human pandemic more likely. So how well are U.S. financial firms prepared for a pandemic? 2,775 financial firms recently took part in a drill to try and answer that very question. The results were a mixed bag...
Agency Brokers See Growth as Business Evolves
Automation and electronic trading may have taken over Wall Street, but the buy side continues to rely on its agency broker counterparties for a more specialized, personal trading experience.
Unified Communications for Capital Markets
The rationalization, certification and integration of communications tools with legacy desktop systems and proprietary applications will create competitive advantages for capital markets end users.
Asia Tops World for Money Laundering Risk
A global survey of senior anti-money laundering (AML) compliance officers identified Asia as the region currently experiencing the greatest increase in money laundering risk.
Knight to Acquire Agency Brokerage EdgeTrade for FAN
FAN, the Find And Nail algorithm, created by agency brokerage EdgeTrade, has found a fan in Knight Capital Group.
EdgeTrade's development of FAN, which simultaneously sprays aggregated dark pools and public markets and continuously moves an order in line with shifting liquidity, has led to a lucrative courtship by Knight, a full service broker-dealer, which announced its intentions to acquire EdgeTrade this morning for $59.5 million.
Iraq Stock Exchange To Begin Electronic Trading Early Next Year
Amidst some modestly hopeful signs that Iraqis' quality of life is improving (civillian deaths are down, portions of infrastructure have been restored) and that we're planting the seeds of capitalism in Iraq, the executive director of the Iraq Stock Exchange, Taha Ahmed Abdul-Salam, said today that the exchange will start electronic trading early next year. It will also be open five days a week instead of the current three days.