Waters Announces American Financial Technology Awards 2011 Finalists

For the seventh year, the editors of Waters have sifted through the nominations—our largest pool yet—for the American Financial Technology Awards to determine which financial technology teams stood out from the crowd in terms of skill, ingenuity and dedication.

Bearing out the African proverb that calm seas don’t made good sailors, the rough global economy has produced a host of talented financial technologists, based on the number and caliber of the nominations this year. As such, it was challenging to winnow the entries to just three in each of the 12 categories, but we managed to do it, and we thank everyone who took the time submit nominations.

Without further ado, Waters is pleased to present the 2011 American Financial Technology Awards finalists. The winners will be announced during the awards banquet on Dec. 5 in Manhattan.

2011 American Financial Technology Awards Nominees:

Best Global Deployment Nominees:
    •    BNY Mellon - DM Edge platform
    •    Scotiabank - Global Fixed Income Trading Platform
    •    SurfaceExchange - SurfaceWave/SurfaceStream

Best Risk Analytics Initiative Nominees:
    •    Credit Suisse - Insight T+0 Pre-Deal Authorization
    •    LCH.Clearnet - SwapClear Upgrade
    •    Optima Fund Management - OPERA platform

Best Reporting Initiative Nominees:
    •    Credit Suisse - Strategic Performance, Exposure, Attribution and Risk Reporting
    •    JPMorgan - Investment Bank Planning & Forecasting
    •    Knight Capital - BondScope platform

Best Data Management Initiative Nominees:
    •    Deutsche Bank for its Reference Data Services (RDS)
    •    Knight Capital for its Knight IQ platform
    •    MFS Investment Management for its MFS Corporate Action System

Best Cloud Initiative Nominees:
    •    JPMorgan Chase for its Application Backbone
    •    Nasdaq OMX for its Cloud Environment
    •    State Street for its Platform-as-a-Service initiative

Best Infrastructure Initiative Nominees:
    •    BNY Mellon - Automated Deal Matching
    •    ConvergEx - ConvergEx Common Network (CCN)
    •    ITG - Storage Area Network implementation


Most Cutting Edge IT Initiative Nominees:
    •    The IntercontinentalExchange - ICE Mobile
    •    JPMorgan - deployment of FPGA Technology
    •    Royal Bank of Scotland - RBSMobile platform


Best Green IT Initiative Nominees:
    •    JPMorgan Chase - Application Backbone
    •    State Street - Global PC Power Management
    •    Royal Bank of Scotland - US Headquarters Design


Best OTC Trading Initiative Nominees:
    •    JPMorgan - OTC Clearing: Integrated Client Statements
    •    MarketAxess - CDS 7.0 Platform
    •    Tradition - Trad-X platform


Best IT Integration Initiative Nominees:
    •    Barclays Wealth - Project Gamma Product Catalogue
    •    Fidelity Capital Markets - Interface Gateway Integration
    •    State Street - Bank of Ireland Asset Management (BIAM) Integration


Best CIO Nominees:
    •    Catherine Bessant - CIO of Bank of America
    •    Karl Landert - CIO of Credit Suisse
    •    Scott Marcar - Global Head of Risk and Financial Technology at Royal Bank of Scotland


Best IT Team Nominees:
    •    Barclays Capital - Prime Services Reporting initiative
    •    Credit Suisse - MAVEN platform
    •    GE Asset Management - Securities Masters project