Securities Industry News articles from May 2009

Securities Industry News archives from May 2009

Is the Industry Prepared For a Swine Flu Pandemic?(Comment)
May 4, 2009... Byline: John Sandman, Standards Editor The avian flu epide-mic that some feared would jump from Europe to North America two years ago hasn't quite materialized. But late last month, an outbreak of swine flu crossed from Mexico into the U.S....

Speed Trumps 'Virtual' Savings at Credit Suisse.(Case Study)
May 4, 2009... Byline: Tom Steinert-Threlkeld While operational and capital savings were the initial drivers behind Credit Suisse's four-year-old effort to create a virtual infrastructure, the Zurich-based financial services firm says the real payoff is...

Reacting to Risk: Firms Adopting CEP for Real-Time Monitoring.(Special Report)
May 4, 2009... Byline: Alexa Jaworski While the financial services industry has long used complex event processing, or CEP, platforms to speed up their algorithmic trading and market data efforts, buy- and sell-side firms are increasingly embracing the...

LiquidPoint Building Options Tools for Changing Market.(Technology)
May 4, 2009... Byline: John Hintze LiquidPoint, beefing up its options trading technology, is launching a tool that sprays orders simultaneously across execution venues. Tentatively called HV2, short for high volume, high velocity, the...

People in the news.(News desk)
May 4, 2009... Byline: Editorial Staff JP Morgan Chase & Co. veteran John Carillo has joined agency brokerage Investment Technology Group (ITG) as head of U.S. portfolio trading. Carillo, who since 2002 was a senior sales trader in JP Morgan's securities...

To Evaluate Traders, Routing, Buy Side Wants Better TCA; Investment firms seeking more detailed information from providers.(Operations)
May 4, 2009... Byline: Tom Groenfeldt The market volatility seen throughout the financial crisis has made transaction cost analysis more difficult, since the analyses depend on historical data. But that hasn't stopped buy-side firms from demanding that...

SEC Needs Tools to Overcome Limitations, Says Former Chair; Harvey Pitt wants to level the playing field for regulators and financial firms.(Compliance)
May 4, 2009... Byline: Carol E. Curtis The Securities and Exchange Commission has been heavily criticized for its failure to detect Bernard Madoff's Ponzi scheme and its performance leading up to the financial crisis, but the agency's problems are hardly...

Amid IT Cuts, CEP Playing Growing Role, Says Apama's Bates.(Special Report)
May 4, 2009... Byline: Katherine Heires While the economic crisis is fostering a cautious approach to IT spending, financial firms face competitive pressures to invest in areas such as risk management and systems that can handle rising volumes of market...

Large Pension Funds Trimming Broker Lists to Bolster Service.(News)
May 4, 2009... Byline: John Hintze The Teacher Retire-ment System of Texas (TRS) is taking steps to categorize its broker-dealers according to the level of service they provide, reflecting a growing emphasis among institutional investors on...

Hedge Fund Power Shift Could Be A Good Thing.(Comment)
May 18, 2009... Byline: Carol E. Curtis, Special Reports Editor Hedge fund investors, impatient with disappointing performance, high fees and redemption roadblocks, aren't waiting for Congress to legislate some type of federal oversight. Hedge fund...

Removing the Risk From OTC Derivatives Reconciliation; AMF seeks standardization in communications among funds, brokers, custodians.(Operations)
May 18, 2009... Byline: Chris Kentouris The Asset Managers Forum is moving to standardize the way that fund managers, broker-dealers and custodian banks reconcile post-trade positions and collateral requirements for over-the-counter derivatives. At a...

SocGen Ups Derivative System.(News)
May 18, 2009... Byline: Chris Kentouris Societe Generale Securities Services has added software at its Paris headquarters that will improve the monitoring and valuation of over-the-counter derivative trades for its growing outsourcing business. The...

What Happened At Tocom?(News)
May 18, 2009... Byline: Maria Korolov The Tokyo Commodity Exchange suspended trading last Tuesday for more than three hours due to connectivity issues. The shutdown came days after the exchange upgraded to a technology platform from Nasdaq OMX Group. ...

SEC Suffers From 'Deregulatory Capture'.(News Desk)
May 18, 2009... Byline: Editorial Staff In its zeal to apply a free market philosophy to the Securities and Exchange Commission, the Bush administration created an environment where the agency's enforcement staff was unable to take definitive policy...

On Demand Risk Analysis Needed.(News Desk)
May 18, 2009... Byline: Editorial Staff Facing an unprecedented amount of market data that must be collected and stored, financial institutions need to support an on-demand analytics infrastructure capable of managing data across asset classes, portfolios...

CDS Platforms Expect Boost From Transparency Initiative.(News Desk)
May 18, 2009... Byline: Editorial Staff The Treasury Department's call for central clearing of standardized derivatives contracts and electronic reporting for all over-the-counter derivatives should boost electronic trading platforms in the OTC space, as...

People in the news.(News Desk)
May 18, 2009... Byline: Editorial Staff UNX, a Burbank, Calif.-based agency brokerage and technology provider, has named Brian Spengemann managing director of sales and business development. Previously a managing director in Merrill Lynch & Co.'s...

In Exchange Systems Race, Nasdaq OMX Stressing Flexibility.(Special Report)
May 18, 2009... Byline: Alexa Jaworski While trading venues are taking a cautious approach to spending in the current economic climate, the industry is still looking for new functionality and systems for trading and clearing, says Lars Ottersgard, head of...

NYSE Euronext's Data Center Vision Ups Speed Ante.(Special Report)
May 18, 2009... Byline: John Sandman The data centers NYSE Euronext is building in New Jersey and suburban London were expected to be cutting-edge facilities, but the announcement earlier this month that they will run on a 100 gigabit network raises the...

Virtualization Saves Natixis Money, Space-and Downtime.(Technology)
May 18, 2009... Byline: Tom Steinert-Threlkeld Virtualization projects tend to have effects that extend far beyond cost savings. Take, for example, Natixis Capital Markets, whose efforts have enabled it to perform maintenance on any of its trading...