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Securities Industry News back issues
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Banks Say Upgrade Repo Clearing, Don't Centralize It.(News)
July 6, 2009... Byline: Shane Kite
Bank executives are urging voluntary adoption of tougher margin requirements for risky assets and predetermined protocols for liquidating collateral in the repurchase, or "repo," market to blunt any effort by regulators to propose a central clearing utility for the...
STEP TWO: Hands Off: Automating Reconciliation Can Dramatically Lower Costs.(Special Report: Sifma Technology Conference)
July 6, 2009... Byline: Carol E. Curtis
Reconciling the positions of buyers and sellers after trades of derivatives and other complex instruments are executed is tough.
Most firms or their fund managers and broker-dealers use largely manual means to communicate what's gone on and deal with the...
STEP THREE: Spend Green, Go Green, Save Green.(Special Report: Sifma Technology Conference)
July 6, 2009... Byline: Alexa Jaworski
The message is clear:
When discussing cost cutting, energy efficiency cannot be left out of the conversation.
In fact, financial firms can save 99 percent of the heating, air conditioning and power consumption costs involved in sending and receiving market...
STEP FIVE: Co-locate. Even With Your Competitor.(Special Report: Sifma Technology Conference)
July 6, 2009... Byline: Maria Korolov
This month, the New York Stock Exchange will begin talking to potential occupants of its new data center, scheduled to open in New Jersey next year.
And don't be surprised if electronic networks that compete with each other - and with the NYSE - are sitting...
STEP SIX: Flatten Communications Costs With Cable Connections.(Special Report: Sifma Technology Conference)
July 6, 2009... Byline: Thomas Hoffman
This could be big, as Verizon might put it.
Some Wall Street. firms are cutting costs by taking their data traffic from companies that traditionally supplied communication services such as Verizon Business and AT&T to companies that traditionally supplied...