Emerging Technologies
See You at Waters USA
It's almost early December, which means that our Waters USA conference is right around the corner ─ specifically, this Monday, December 3.
SEC Appoints IT Division CIO
The US Securities and Exchange Commission (SEC) has announced that Todd Scharf will take on the role of CIO in its Office of Information Technology.
FSA Approves HKEx Purchase of LME
The UK Financial Services Authority (FSA) has given the green light for Hong Kong Exchanges and Clearing (HKEx) to acquire the London Metal Exchange (LME).
Advent and IntraLinks Combine for Research Offering
Advent Software has announced a partnership with IntraLinks, to create an automated interface between Tamale Research Management System (RMS) and IntraLinks.
Getco Makes Takeover Bid for Troubled Knight
Chicago-based Getco has tabled a bid to buy fellow electronic market-maker Knight Capital Group, which has been struggling since an expensive technical glitch cost the firm $460 million in August.
Xactium Opens London Office
Governance, risk and compliance vendor Xactium has opened an office in the City of London due to increasing business.
Hubscher to Lead Marketing at Object
Dan Hubscher has been taken on the newly created position of marketing director at direct market access (DMA) provider Object Trading.
NYSE, Chi-X Data Vets Lay Out Plans for EU Consolidated Tape
Proposals would set up an independent body to administer data capture and licensing, and commercial policies for European pre- and post-trade tapes.
RTS Realtime Systems Targets Asia-Pacific Expansion
Tech vendor RTS Realtime Systems has announced that CEO Steffen Gemuenden will relocate from its Chicago headquarters to Singapore, as the firm seeks to increase its presence within the Asia-Pacific region.
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
Elisse Walter Named SEC Chair, Likely to Seek Greater Coordination Abroad
Democratic commissioner Elisse Walter, who served as acting chairwoman in early 2009, takes over at the helm of the SEC in December.
Checks and Balances: Real-Time Reconciliation's IT Challenges
Although most firms tend to perform reconciliations on a same-day basis, these processes are dominated by manual input and prone to errors. Automated, real-time reconciliation has benefits not only for risk management, but also compliance and in…
Private Ties: Technology Rises in Private Equity
Much of private equity rests on old relationships and privity of information, but with limited partnership investments becoming more common for a wider array of investors, and a secondaries market gaining steam, technology is blossoming in unlikely…
Citadel's Sentinel: CIO Tom Miglis Aims to Do the Impossible
Commitment to investors is the thesis at Ken Griffin’s Citadel, but how the firm achieves returns—through technology—is unique for a hedge fund. Steering strategy and growing the firm’s vaunted development capacity, CIO Tom Miglis is trusted with leading…
Max Bowie: Do Crisis Closures Make Redundancy Redundant?
The datacenters supporting the US financial markets successfully weathered the worst of Hurricane Sandy. So, Max asks, shouldn’t the exchanges and trading firms they support have been able to do the same?
Jake Thomases: Work: That Thing You Do
Mobile technology combined with a generational shift in the attitude about work are beginning to break the traditional 9-to-5 mold. Cutting-edge sell-side firms are warming to this trend, and, Jake says, could save millions of dollars in the process.
Schapiro Announces SEC Depature
Mary Schapiro, the chair of the US Securities and Exchange Commission (SEC) has announced that she will leave her role at the head of the US regulator on December 14.
Fidessa Adds Autex IoI Data to Trading Platform
Additions will provide traders with transparency into availability of block liquidity in a single platform
FPL Releases Data Standards for Post-Trade Transparency
Guidelines could be a step towards introduction of a pan-European consolidated tape.