Tech
Mobile Initiatives, Increased Regulation and Big Data on the 2013 Radar
Three issues ─ mobile initiatives, the specter of increased regulation, and the challenges and business opportunities around Big Data ─ dominated discussions during yesterday’s annual Waters USA conference in Manhattan, suggesting these concerns are…
PJM Adopts Tethys EMS
PJM Capital, a Potomac Falls, Virginia-based quant hedge fund, has gone live with TethysEMS, the algorithmic trading platform from Tethys Technology, and will deploy it over TethysCloud.
OpenFin Launches HTML5 Desktop for Trading Applications
OpenFin, a New York-based technology vendor founded in 2010, has launched OpenFin Desktop for the deployment of trading applications using HTML5.
StreamBase's Tibbetts: Capital Markets Firms "Well Placed" to Derive Value from Big Data
Victor Anderson speaks to Richard Tibbetts, CTO of StreamBase, at this year's New York-hosted Waters USA conference.
Fidessa Promotes Smart Approach to Tech Investment in White Paper
Trading technology vendor Fidessa has published a white paper that urges large-scale financial institutions to adopt a nuanced approach to in-house development of technology.
Chi-X Australia Appoints Market Ops Chief
Chi-X Australia has announced that Jamie Crank has been hired as the Antipodean bourse's head of market operations.
Thomson Reuters Enhances FX Matching Platform
Thomson Reuters has announced "significant" additions to its foreign exchange (FX) matching platform, including a new interface and FIX-based application programming interface (API).
Novia Chooses Calastone for Order Routing, Net Settlement
Wealth management platform provider Novia has chosen Calastone for its order routing and net settlement services.
Credit Suisse's Muthu: Multi-Asset Platforms Good For IT, Not Necessarily Revenue
The bottom line at any financial institution is always the bottom line, as in the dollars and cents. As he wrapped up a panel discussion on the consolidation of trading desks and multi-asset class strategies, it was appropriate that moderator Greg Wood,…
RBS’ Eddie: Capital Requirements Set to Get Harder
Capital requirements have been daunting to address, and will only get harder with Basel III, says Alan Eddie, who runs risk technology for the Americas for the markets and investment banking businesses at the Royal Bank of Scotland, speaking at the…
SEC's Lewis: Regulator Rapidly Catching Up With Analytics
The US Securities and Exchange Commission (SEC) is becoming more technology-aware, according to Craig Lewis, director and chief economist for the SEC’s risk, strategy, and financial innovation division.
BofA’s Reilly: Mobility About Risk and Data Control, Not Cost Cutting
Bank of America Merrill Lynch has internally distributed 55,000 BlackBerrys and 5,000 Apple iPads, as well as 20,000 devices that it supports as part of its bring-your-own-device (BYOD) policy. In one year, it handles 2.6 billion instant messages, 1.2…
BlackRock CTO: Vendors Not Meeting Enterprise Needs
During a CIO roundtable at Waters USA this morning, BlackRock CTO Scott Condron bemoaned the lack of innovation by West Coast technology suppliers for producing solutions for enterprises like his. One such supplier in the audience took exception.
MIK Adds Treasury Functionality to Equity Finance Platform
MIK Fund Solutions has announced the addition of advanced treasury optimization capabilities to its equity finance product suite, aimed at hedge fund and asset managers.
Cantor Expands to Ireland with Dolmen Deal
Cantor Fitzgerald has announced the acquisition of Dublin-based Dolmen Stockbrokers, in a move that gives the US firm an Irish presence.
KnightCo Looms, But First, Some History
Understanding the two behemoths at the center of the financial press these past few weeks, and the events that have led up to the present scenario.
Getco Outlines Merger with Knight in Board Letter
Electronic market-maker Getco has provided a solid outline of how a merger with Knight would operate in practice, in a formal bid submitted to the broker-dealer's board.
Gresham Computing Claims Ultra-Low Latency Transaction Control
London-based Gresham Computing claims that its financial transaction control system can complete 500,000 transactions per second.
SunGard Launches Apex Prime for Single View of Hedge Fund Activity
SunGard has released Apex Prime to help prime services providers with day-to-day processing and client services.
Prague Stock Exchange Live On Xetra
Prague Stock Exchange has gone live on Deutsche Börse's Xetra trading platform.
See You at Waters USA
It's almost early December, which means that our Waters USA conference is right around the corner ─ specifically, this Monday, December 3.
Chilean Pension Fund Taps Princeton Financial Systems for Compliance
Administradora de Fondos de Pensiones (AFP) Habitat, a Chilean pension fund, has chosen Princeton Financial Systems to help with investment compliance.
Direct Edge Adds Pre-Trade Risk Controls
Direct Edge has added EdgeRisk Controls, a pre-trade risk tool for its EDGA and EDGX Exchanges, which facilitates compliance with the US Securities and Exchange (SEC) Market Access Rule 15(c)3-5 for broker-dealers and their clients.
SEC Appoints IT Division CIO
The US Securities and Exchange Commission (SEC) has announced that Todd Scharf will take on the role of CIO in its Office of Information Technology.