Trading Technologies and Strategies

Celent anticipates 20% decline in hedge fund IT spending

Hedge funds and funds of hedge funds will reduce their technology spending by more than 20% during 2009 as the industry continues its unprecedented contraction. A new Celent report expects that technology initiatives for the near term will entail…

CSAs set for dramatic change

The demise of Lehman Brothers in September last year was a wake-up call to asset managers and other investors that the single-broker aggregator model for managing commission sharing agreements (CSAs) has its flaws. Reliance on a single equity broker to…

Coming of age

John Comerford spent many years on the buy side in a variety of roles relating to trading, technology, and portfolio management, before he jumped ship to join Nomura and then Instinet, where he is now global head of trading research, based in San…

Thomson Reuters fights fragmentation

Thomson Reuters last month unveiled two new initiatives to tackle the fragmentation of market data that has taken hold in Europ-ean markets since the introduction of Mifid in November 2007.

Quod unveils buy-side SOR offering

Trading software vendor Quod Financial is testing a new smart order routing system for buy-side firms that will integrate post-trade data from exchanges and other trading venues including dark liquidity pools.

The $35,000 toilet bowl

At last, a fitting symbol of the unfortunate combination of malfeasance and stupidity crippling the financial services industry and pushing the world to the brink of economic depression: former Merrill Lynch chief executive John Thain, freshly relieved…

Trade Secrets

Shocking revelations broke last week that the US National Security Agency systematically spied on news organizations and collected data on ordinary citizens under the veil of national security. The amount of data alleged to have been collected is…

Creating a Savvy ‘Network Effect'

The relentless march of trading venues has put pressure on network and hosting service providers, as trading firms seek low-latency access to multiple liquidity sources. But how do you keep pace with the changing market landscape when budgets are being…

Laying the Cornerstone for Cross-Asset Trading

Whether it's an issue of providing new services to institutional investors or deploying a cost-saving maneuver in a down market, setting up electronic cross-asset trading capabilities is a difficult task for any broker-dealer. DWT assembled Steve Grob,…

StanChart Rolls Out FX Aggregation

SINGAPORE-Standard Chartered Bank (StanChart) has completed the first phase of its implementation of Progress Apama technology by going live in four cities on the vendor's foreign exchange (FX) liquidity aggregator.

Pure Trading Readies For New Year

As the European and Asian markets mature, broker-dealers and investment banks look north of the U.S. border for their next frontier. DWT U.S. reporter Oksana Poltavets sits down with Richard Carleton, vice president of corporate development for CNSX…

BarCap Reaches Integration Milestone

LONDON-The investment banking division of Barclays Bank, Barclays Capital (BarCap), has recently completed a major phase in its integration of systems acquired from defunct Lehman Brothers, according to officials.

Big Fish Among Sharks

Merger advisory firm Marlin & Associates recently brokered the sale of Tenfore Systems to Morningstar. Chief executive Ken Marlin spoke to Inside Market Data about his views on the M&A landscape, his predictions for activity in the market data industry…

Data Demand in a Downturn

With the financial markets in turmoil, 2009 brings an increased focus on data quality for better risk management and generating alpha from new asset classes, tempered by cost controls in response to the current fragile economy. This roundtable gathers a…

The Tech Year Ahead

Wall Street as we know it has changed forever. We'll remember 2008 for the struggle and demise of some of the largest and most venerable institutions, with spikes in equity market volume and volatility the likes of which we have never seen. Technology…

IT Trends, Challenges in Energy Trading

Last year saw massive volatility in energy and commodity markets, the credit contraction-and the resulting decrease in market participants-and increased regulatory scrutiny. This is the context for 2009 where we can see continual improvements in…

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