Tech
TSE Must Restore Confidence After Second Outage
On Tuesday, the Tokyo Stock Exchange had to halt trading for the second time in six months after a technology glitch hit its derivatives system. With the Knight fiasco fresh in public consciousness and a takeover bid with the Osaka exchange looming,…
American Century Expands Presence, AUM with SimCorp Dimension
American Century aims to expand the system’s capabilities so it can be used for performance measurement and client reporting.
TMX Offers Pre-Trade Risk Tool
The offering is being made in part to comply with upcoming risk management regulation.
SEC to Host Tech-Focused Rountable
Following Knight's loss event, regulator to home in on automated trading.
Polish Broker Connects to WSE Through SunGard
Alior Bank to manage Warsaw Stock Exchange order flow with Valdi.
Canadian Western Trust Manages Assets with SunGard
Investment manager implements SunGard's Global Plus for institutional trust and custody business.
BGC and Thesys Partner for Microwave Data Route
Broker and tech provider creating NJ-Illinois network.
RBC Investor Services Promotes Anderson as Head of Network Management
The veteran of Northern Rock will be based in Dublin.
Knight is a Market Maker Once Again
NYSE will return direct market making responsibilities to the firm next Monday.
Orc to Support New Eurex Platform
Initiative will support improved performance, new order types, and more efficient processing and reporting functions.
BAML Appoints Two for Global Transaction Services
Bill Borden will oversee product solutions while Dennis Sweeney will continue to specialize in treasuries.
Another Tech Glitch Halts Trading on the TSE
This is the second disturbance this year, as it is working to take over the Osaka Securities Exchange.
Omgeo in Board Shakeup
Andrew Gray takes over top post as board of managers chairman while Tim Collier and Mark Bradbury are added as members.
FX Broker Suffers DDoS Attack, Hong Kong Partner Turns to Prolexic
The most serious DDoS attacks are down, but that may be temporary. Global eSolutions can attest to the fact that they haven't gone away.
Momentum AM Live on Charles River IMS
Momentum has approximately $22 billion under management spread across a variety of mandates from risk-profiled unitized pooled portfolios to segregated specialist asset-class portfolios.
JPMorgan Joins Form PF Fray
The JPMorgan solution can be used in conjunction with other third-party solutions.
ICE joins IPC's Connexus
ICE customers can access trade lifecycle applications and market data through the financial extranet.
JonesTrading Hires Martin to Lead International Efforts
Martin joins with global institutional trading expertise gained at UniCredit and Troika Dialog, among others.
A White Knight for Knight Capital
An emergency cash infusion has given Knight a chance to win back Wall Street's confidence.
Bolsas y Mercados Españoles Witnesses Trading Outage
The interruption in Madrid, still under investigation, brought trading to a halt for five hours.
NYSE Reallocates Knight's DMM to Getco
Direct market making for Knight's allocation of NYSE listed securities becomes the temporary responsibility of Getco until a recapitalization plan is completed.
Triple Jump Selects eFront to Support Microfinance Funds
FrontInvest's investee portal will enable more than 160 microfinance institutions to report their financial figures to Triple Jump, which will use the dashboards within FrontInvest to consolidate its portfolio data.
Knight Debacle Calls for Regulatory Scrutiny—and Caution
In the wake of Knight Capital's disastrous week, Anthony says the industry needs to avoid reactionary measures, and focus on the real problems.
Knight Rises—and Falls
A look at Knight Capital's rapid ascent offers a few clues, and hints for lessons to be learned, as details are still emerging from Knight Capital's NYSE algo mishap on Wednesday.