Articles by Timothy Bourgaize Murray
Order Flaw Sees Nasdaq Shut Down Single Stock
Peet's Coffee and Tea saw its stock price spike by five percent in a matter of seconds on Wednesday.
Growing Pains: Bär–BAML Deal Highlights IT’s Role in Wealth Management Consolidation
Details of last week's agreement signal a steady rise in costs devoted to IT as acquisition activity in the space continues.
Green IT Keeps NYSE Euronext Carbon-Neutral
Datacenter consolidation and other power reduction strategies are backing carbon offsets and renewable energy credits.
Advent Partners with RedBlack for Portfolio Rebalancing
The alliance agreement will provide more efficient workflow for the firms' asset management clients.
What's Cooking For September's Waters
Jake Thomases and Tim Bourgaize Murray give a sneak peak at the stories they're working on for the September issue of Waters.
Sapient Drives New Connectivity Standard for Cleared Derivatives
The Clearing Connectivity Standard will allow futures commission merchants to transmit clearing information to custodians on asset managers' behalf.
Julius Bär Acquisition of BAML IWM to Incur Significant Tech Costs
Running parallel platforms, infrastructure upgrades, and migration will constitute a large piece of total transaction costs, estimated at CHF400 million ($411 million).
ASX Implements TMX Group's Razor Risk
The platform is being introduced ahead of clearing for equities at the Sydney exchange.
RBC Investor Services Promotes Anderson as Head of Network Management
The veteran of Northern Rock will be based in Dublin.
BAML Appoints Two for Global Transaction Services
Bill Borden will oversee product solutions while Dennis Sweeney will continue to specialize in treasuries.
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.
JonesTrading Hires Martin to Lead International Efforts
Martin joins with global institutional trading expertise gained at UniCredit and Troika Dialog, among others.
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.
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.
Ahead of Solvency II, Asset Liability Management Looms Large for Managers
Asset managers with insurer clients are searching for new data management and portfolio optimization platforms as the European regulation inches closer.
Fidessa Promotes Costello as Buy-Side President for North America
Costello's new role will expand her responsibilities to strategy and internal operations as Fidessa continues its push as a buy-side provider in the US.
Wurts & Associates Adds MSCI's BarraOne
The platform will help the investment consulting firm develop risk-based allocation strategies across asset classes.
Markit Introduces CVA and Capital Solution
The platform will help firms achieve Basel III compliance by calculating credit valuation adjustment and capital charges.
NYSE Appoints Nomoto as Tokyo Chief Representative
Nomoto, who specializes in derivatives, spent previous time at Société Générale, Mizuho Securities, and Barclays.
Quantifying Catastrophe: Inside Cat Bonds
Catastrophe bonds, a type of insurance-linked security, have made a strong push in 2012, enabled by sophisticated modeling technologies used to predict and price their underlying events. Tim Bourgaize Murray examines what makes this intersection of…
European Energy Exchange Links with TT
EEX's natural gas, emissions, and coal-based contracts can now be traded via X-Trader through Eurex's exchange matching engine in Frankfurt.
New Tech Benchmarks Required After HSBC AML Failure Probe
The US Senate Permanent Subcommittee on Investigations found the bank's monitoring of correspondent relationships and bulk cash transactions wanting. Enterprise-level solutions are required to solve complex anti-money laundering problems.
ASX Colocates Futures Trading Hub in Singapore
The partnership with SGX is expected to enhance futures trading inflow into Australia.