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American Financial Technology Awards 2012: Best Mobile-Strategy Initiative — Bank of America Merrill Lynch
This new category for the 2012 American Financial Technology Awards reflects the world’s increasing use of mobile devices like Apple iPads and iPhones, and BlackBerrys to perform financial functions previously reserved for the desktop computer. Bank of…
American Financial Technology Awards 2012: Best IT Integration Initiative ─ Wells Fargo
Most corporate acquisitions are done for one of two reasons: The two companies are very similar and the bigger one wants to eliminate a competitor, or the two are very different and the bigger one wants to diversify. Wells Fargo’s overnight purchase of…
American Financial Technology Awards 2012: Best OTC Trading Initiative — Citi
The debut of Citi’s transparency reporting portal couldn’t have been timed better, right down to the day. On June 11, 2012, the bank rolled out the Client Money Segregation portal, giving clients insight into where their segregated funds are being kept,…
American Financial Technology Awards 2012: Most Cutting-Edge IT Initiative ─ ITG
Given the complexity and scope of the data challenges currently facing capital markets firms, it seems appropriate that ITG walked away with the most cutting-edge IT initiative category in this year’s American Financial Technology Awards thanks to its…
American Financial Technology Awards 2012: Best Infrastructure Initiative — ConvergEx Group
There’s a change happening in the world of FIX connectivity—in recent years, FIX costs have exploded, while at the same time, broker-dealers have had to adjust to life in a tough market as well look to cut costs. As firms seek savings, FIX connectivity…
American Financial Technology Awards 2012: Best Cloud Initiative — CBRE Clarion Securities
In early 2011, real estate investment management firm CBRE, an affiliate of CB Richard Ellis Group, acquired ING Clarion Real Estate Securities, a unit of ING Group that manages globally listed real estate securities for separate accounts and mutual…
American Financial Technology Awards 2012: Best Data Management Initiative — MetLife
It goes without saying that data quality is a vital component in any data management overhaul that a firm employs. It is tough for any organization to maintain a strong and consistent data quality culture if there are sprawling databases and disparate…
American Financial Technology Awards 2012: Best Cross-Asset Trading Initiative — Bank of America Merrill Lynch
It is becoming less acceptable for trading platforms to lack multi-asset capability. Another kind of consolidation was already on Bank of America Merrill Lynch’s (BAML’s) mind in mid-2010, when it strove to provide a fully integrated client experience…
American Financial Technology Awards 2012: Best Reporting Initiative — Northern Trust
Often, the best IT implementations are paradoxically those that reduce users’ reliance on IT. When Northern Trust went looking to replace its legacy enterprise reporting system, this was exactly what the firm was trying to achieve. As Dan Houlihan, head…
American Financial Technology Awards 2012: Best Risk Analytics Initiative — LCH.Clearnet
Given risk management’s elevation in recent years to arguably the single most critical business process for buy-side and sell-side firms to monitor outside of specific alpha-seeking functions, it is hardly surprising to note the slew of risk management…
American Financial Technology Awards 2012: Best Global Deployment — ITG
Most technology implementations within financial services firms, regardless of how trivial they might appear at the outset, are not for the fainthearted—they have a knack for turning out to be far more complicated than anticipated, extending deadlines…
Empire Builder: Blackstone CTO William Murphy
Rising from an unlikely introduction to technology, Blackstone Group’s CTO Bill Murphy explains how the firm’s infrastructure, new products, and a fresh mindset are supporting its rapid diversification. By Tim Bourgaize Murray with photos by Amy Fletcher
No Small Gamble: DR and BCP Post-Sandy
Heightened awareness of catastrophe showed itself as technology providers of all ilk endured the landfall and aftermath of Hurricane Sandy. Tim Bourgaize Murray asks the industry for a primer in disaster recovery and business continuity, discovering a…
Credit Valuation Challenge
Following the financial crisis and the subsequent influx of new regulation into the capital markets, credit valuation adjustment has seen a significant uptick in interest among financial services firms. For large-scale banks and other entities with…
Fragmentation Down Under
Chi-X Australia’s launch in October 2011 posed the first challenge to the monopoly enjoyed by the Australian Securities Exchange since its inception in 1987. Steve Dew-Jones investigates whether the change in the trading landscape has been positive for…
60 Seconds with ...
John Landry, CEO, Electra Information Systems
Time to Ditch the Spreadsheets
The IT function, which spends somewhere between 2 and 5 percent of a company’s revenues—as much as $5 billion in some large financial services companies—still produces managerial accounting, budgeting, planning, and performance reporting on spreadsheets…
Doing More with Less
David Hagen, vice president, global trading technologies at Linedata discusses financial technology fragmentation and how companies can streamline systems to do more with less
Data Management Strategies Designed for Success
Eagle Investment Systems’ Rob Brachowski discusses the latest data management trends and tools that investment management firms are implementing as part of their data governance strategies.
December 2012: The Other Butterfly Effect
Victor says acquisitions can be great successes or dismal failures, and firms must be vigilant and keep their focus on what matters.
Bending the Rules
Innovative use-cases at BNY Mellon and M&T Bank highlight how technology can better harness “data in motion,” just as firms are evolving the way their applications are controlled and behave. By Tim Bourgaize Murray
Risk's Regulatory Whirlwind
Regulatory uncertainty once again dominated discussions during a recent risk and compliance webcast, with the main concern relating to how much time firms will have to make necessary changes to their risk strategies. By Steve Dew-Jones
Investors Demand Cleaner Data, Faster
Investment managers are being asked for more accurate data, in greater detail and with increased regularity. By Steve Dew-Jones