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News & Commentary
Content tagged with Data Management posted in July 2012
Facebook Fiasco Dents UBS Profit
News  |  7/31/2012  | 
UBS reported a surprise slump in profit, hit by a big trading loss on Facebook's stock market debut and a drop in revenue that pushed its investment bank into the red.
Europe's Banks Pounded by Recession, Libor, Facebook
News  |  7/31/2012  | 
As if things weren't bad enough, one of Europe's banks took another knock on the chin on Tuesday from its role in Facebook's botched stock market flotation.
Rising HFT Volumes in Asia Push SBI Securities to OneTick
News  |  7/30/2012  | 
SBI Securites, a Japan-based online securities firm, is looking to OneTick to aid its data needs amid rising trading volumes in Asia.
Franklin Resources Profit Tops Expectations
News  |  7/30/2012  | 
Franklin Resources Inc posted higher-than-expected quarterly earnings on Monday a s the money manager maintained its steady investment performance record.
Citi Hires Two Sr. Bankers for Equity Derivatives Desk
News  |  7/26/2012  | 
The bank hired David Silber, who joines from Jefferies &Co., and Peter Lambrakis formerly with Deutsche bank, in a move to strengthen its Equities team in the Americas.
Eagle Investment Systems Strikes Alliance with Microstrategy
News  |  7/25/2012  | 
Investment manager clients of Eagle will get access to portfolio data and analytics via web, mobile devices and Microsoft Office applications.
Dow Jones to Sell Newswires Directly to Wall Street Through WSJ.com
News  |  7/24/2012  | 
When Lex Fenwick started his job as CEO of Dow Jones, he found it strange that one of Wall Street's most historic and well-known brands did not have a direct pipeline into Wall Street itself.
Newedge Picks Fidessa for OMS and Global Multi-Asset Trading Platform
News  |  7/24/2012  | 
System to provide a managed, multi-asset workflow solution for over 100 markets worldwide.
Chilean Broker Taps FIX Flyer for Testing Algos and Connectivity
News  |  7/24/2012  | 
Larrain Vial will rely on FIX Flyer's Ignition Trade Simulation and Certification Tool to test in-house algos and connectivity to a network of LatAm exchanges.
Dow Jones to Sell Newswires Through WSJ.com
News  |  7/24/2012  | 
When Lex Fenwick started his job as CEO of Dow Jones & Co more than five months ago, he found it strange that one of Wall Street's most historic and well-known brands did not have a direct pipeline into Wall Street itself.
The SEC Ups its Game with High Frequency Trading Tools
Commentary  |  7/23/2012  | 
The top regulator contracted with Tradeworx, a Redbank, NJ-based high frequency trading firm and tech vendor, to supply it with a market data and research platform for policing the equities and options markets in real time.
Assessing the Risk in Europe: La Francaise's Partnership With S&P Capital Markets Could Provide New Avenue for Credit Innovation
News  |  7/23/2012  | 
Paris-based fund manager La Francaise AM taps proprietary credit market analytics and advisory services from S&P Capital IQ's Global Market Intelligence unit to create a credit fund in the Eurozone.
New Tech For The Buy Side? Not So Fast
Commentary  |  7/20/2012  | 
When it comes to adopting new IT, the buy side may be holding back and waiting for others to take the first bite.
Tech Innovators Focus On Big Data
News  |  7/20/2012  | 
A number of entrepreneurs showcasing their latest inventions to venture capitalists at the FinTech Innovation Lab aim to help financial institutions make better sense of Big Data.
Deutsche Bank Rolls Out New FX Platform in Currency Arms Race
News  |  7/20/2012  | 
The largest bank in FX revamped its Autobahn FX platform to cater to different client segments and respond to changes in regulation and market structure.
SEC Extends Review Period on JPMorgan's Copper ETF Plan
News  |  7/20/2012  | 
The regulator asked for more feedback from the U.S. bank and a major hedge fund that has pushed to launch the fund for almost two years.
Options Trading Isn't Dead: Future Growth Will Occur When Investors Refocus on Equity Markets
Commentary  |  7/19/2012  | 
Options volumes may be down along with the equity markets, but the buy side's increasingly sophisticated use of options strategies and growing investments in supporting technology point to big things for the market.
Blackstone's Earnings Slump on Choppy Markets
News  |  7/19/2012  | 
Blackstone Group LP, the largest publicly listed alternative asset manager, said on Thursday its second-quarter earnings dropped as challenging public markets eroded the value of its assets and crimped its lucrative performance fees.
High-Performance Financial Analysis Goes Flashy
News  |  7/18/2012  | 
Accelerating real-time financial analytics and reporting with flash-based storage solutions
BNY Mellon Profit Falls, Bank Frets Over Euro Deposits
News  |  7/18/2012  | 
Bank of New York Mellon Corp on Wednesday reported lower second-quarter profit and discussed charging clients on their euro deposits as jittery investors feel more comfortable parking their cash rather than buying stocks and bonds.
Deutsche Bank Updates FX Trading Platform
News  |  7/18/2012  | 
The bank says the Autobahn FX platform will give users better control over their trades at a time when volumes are on the upswing.
Fidessa Updates Canadian Trading Platform
News  |  7/18/2012  | 
It's called - drumroll, please - Version 12.1 and the firm's trading kit has been deployed across 90 percent of Fidessa's Canadian's clients, including eight of the top ten financial institutions north of the border.
BlackRock 2nd-Qtr Profit Falls 11 Percent
News  |  7/18/2012  | 
BlackRock Inc, the world's largest money manager, said on Wednesday its second-quarter profit fell 11 percent as tumultuous market conditions cut into fee income.
BofA Plans $3 Bln of New Cost Cuts
News  |  7/18/2012  | 
Bank of America Corp said it plans to slash costs by $3 billion annually in commercial lending, investment banking and wealth management, becoming the latest big bank to take aim at expenses in a sluggish economy.
Citi's Loss Beats Wall Street's Expectations
News  |  7/16/2012  | 
Citigroup Inc said on Monday quarterly earnings fell 12 percent as it was stung by losses from credit crisis-era assets, but the bank's results were better than many analysts expected after cost-cutting.
OTC Derivatives Reform Will Squeeze Data Management Systems
Commentary  |  7/13/2012  | 
The systems that are in place clearly were not designed to deal with the voluminous volumes of data that are coming after Dodd-Frank, so regulator-ready data management is now critical.
Dimon Denial: Not Too Big To Fail
Commentary  |  7/13/2012  | 
Despite the terrible losses, the PR nightmare and the firings of senior managers, JPMorgan CEO Janie Dimon still thinks his bank is just the right size.
JPMorgan Loses $4.4 Bln on Trades; Traders May Have Hidden Losses
News  |  7/13/2012  | 
JPMorgan Chase & Co, the biggest U.S. bank, said it had lost $5.8 billion in 2012 from disastrous credit bets and that traders might have tried to conceal the extent of the losses earlier this year.
Outgunned: Why the SEC Can’t Effectively Police Wall Street
News  |  7/12/2012  | 
Even as the SEC and CFTC ramp up their technology, they still lack the firepower to effectively police the capital markets.
Ex-Goldman Trader to Attempt First Trade in Space
News  |  7/10/2012  | 
Seeking a world record, Anton Kreil, a former Goldman Sachs trader, plans to execute the first stock trade in space when he blasts off aboard the shuttle in 2014.
Star Turn: Data Management Vendors Take Center Stage as Financial Transparency and Risk Management Are In Vogue
Commentary  |  7/9/2012  | 
It was data management providers' turn to shine at the SIFMA technology show in New York this year, while the prospects for low-latency vendors dimmed.
6 Tips for Avoiding a Data Deluge With Real-Time Analytics Tools
News  |  7/9/2012  | 
To successfully adopt real-time business intelligence, financial firms must consider these tips.
Managing the Bottom Line Means Managing Data
Commentary  |  7/9/2012  | 
Real-time reporting and risk management requirements are driving reference data improvements, says Paul Rowady, Tabb Group.
Real-Time Risk Reduction Needed in a Fast-Moving Trading World
News  |  7/9/2012  | 
GAIN Capital adopts real-time analytics to evaluate its liquidity partners and manage under-performers on the fly.
Thomson Reuters to Acquire FXall
News  |  7/9/2012  | 
FXall, a multi-bank electronic foreign exchange platform, will complement Thomson Reuters access to FX market liquidity.
Floodgates on U.S. Derivative Reforms Set to Open
News  |  7/9/2012  | 
The U.S. swaps regulator is set to finalize this week a critical reform that will trigger banks and traders having to comply with costly new derivatives rules.
iPad 4: Financial Execs Get Ready For Apple’s Latest Gadget
Commentary  |  7/6/2012  | 
Apple has hardly changed its tablet since it took Wall Street by storm in 2010. But now it looks like it will be mixing things up a little.
Hedge Funds Fail to Wow in First Half
News  |  7/6/2012  | 
Hedge funds have little to brag about halfway through 2012, with some of the industry's biggest names reporting only small gains and trailing the benchmark U.S. stock index by a wide margin.
Tullett Prebon Information Launches Oil Data Service
News  |  7/6/2012  | 
With energy markets demanding more transparency and accuracy, the interdealer broker is providinga comprehensive picture of OTC forward markets in crude, fuel oil and distillates.
Ontario Teachers' Pension Plan Crams for Market and Credit Risk
News  |  7/3/2012  | 
The largest single-profession pension plan in Canada chose SunGard's Adaptiv Riskbox for Market and Credit Risk Management.
S&P Capital IQ Completes Acquisition of CMA
News  |  7/3/2012  | 
The acquisition gives S&P Capital IQ the technology to move into intraday quotes on derivative and other OTC securities.
Compliance Officers Live in Fear of Mobile Devices
News  |  7/3/2012  | 
More than half of financial services firms now allow iPhones, iPads, Android phones and tablets on the corporate network, but BYOD policies are causing massive headaches for compliance officers.
Renaissance Capital Deploys Calypso
News  |  7/2/2012  | 

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