Congratulations to Gregory DeSalvo, COO, Global Active Equity Trading at Goldman Sachs Asset Management, the winner of the iPod touch drawing at the A-Team booth! Mr. DeSalvo will soon receive an iPod touch loaded with 50 indie tunes, selected by A-Team’s own Pete Harris, President Americas, well known around the New York music scene as a fan and promoter of indie music.
“Electronic trading has moved from an efficiency to a competitive advantage – resulting in equity volume tripling in the last year,” Stuart Breslow, CEO Townsend Analytics told delegates at the closing session of SIFMA in New York yesterday. Exploding equity volumes coupled with demands to access dark pool liquidity and multi-asset trading practices is forcing ongoing management of trading infrastructures.
Low latency trading solution vendor Ften has released plans to establish three new offices in Europe to expand its geographic footprint. The vendor is also looking at expanding its instrument coverage beyond equities to futures and options.
In this final daily episode: We take a look at the key trends and exciting developments that have taken place at SIFMA in New York this week.
Paul Skeldon, Online Editor at A-Team Group, talks to Exhibitors, Analysts and Visitors to the show to gauge their feelings on the trends they saw at this year’s event.
Running time: 9 minutes 25 seconds. Click the play button below to listen now:
Windows in Financial Services (WSF) magazine names Coral8 (booth # 1507), the leading provider of Complex Event Processing (CEP) software, as 2008 Innovator of the Year. The award was presented last night at the Microsoft’s customer and partner reception held at SIFMA Technology Management Conference. Four companies, including Coral8, were honored for their innovative use of Microsoft technology to solve practical business problems, from maximizing productivity to streamlining operations, in today’s highly charged and competitive capital markets industry.
At SIFMA, A-Team Group is giving away an iPod touch to a lucky winner of our grand draw. Just come by the A-Team News Center booth - # 2101 in the Grand Ballroom by 11.30am, when the drawing will take place, for your chance to win.
But this is not an ordinary iPod either, as it comes pre-loaded with music from 50 of today’s most talented emerging and indie artists, selected from the playlist of Harris Radio. And even if you don’t win the prize, you can still preview (and buy) the music using iTunes and the iMix below.
Note: If you do not see the playlist above, that’s probably because your browser does not support Flash. Click here instead.
Increased volatility and automation are straining system capacity from a market data and transaction processing perspective. So says a panel featuring Michael H. Boston, Principal, Trade Support Group Operations Manager Securties, Bank of America, Jacob Granek, Managing Directory, Depository Trust & Clearing Corporation and Thomas J. Jordan, President & CEO, Jordan & Jordan at SIFMA yesterday.
Continuing advances in all aspects of information technology, including virtualization, web 2.0 social/business communities and highly scalable server grids are driving the emergence of powerful IT infrastructures that will increase the numbers of consumer and business services by several orders of magnitude, revealed Jeffrey M. Birnbaum, Managing Director, Chief Technology Architect and Global Head of Architecture and Engineering, Merrill Lynch and Dr. Tom Bradicich, IBM Fellow and VP Systems Technology, IBM Corporation at the SIFMA workshop “Emerging Computing Infrastructures – Supply Side and Demand Side Perspectives” Wednesday afternoon.
Codestreet (booth # 1522) has released an integrated capacity planning and latency benchmarking test solution for its RMDS platform. According to Howard Pein, CEO of Codestreet, the new solution allows financial firms to use latency as the criteria for evaluating their infrastructure performance under specific stress conditions.
UBS Global Asset Management has expanded its deployment of CheckFree’s (booth # 1422) multi-currency portfolio management solution, GIM, to multiple locations across the globe including London, Zurich, Singapore, Chicago and Sydney.
New options in symbology is set to increase trading opportunities and is likely to increase quote traffic by between 50 and 100 per cent, with transactions likely follow suit consistent with current trade-to-quote profiles, suggested a panel of experts at SIFMA today.
Financial Services is the leading spender in the $650 million software security industry, with fin tech firms using security as a business differentiator, Gary McGraw told delegate this morning.
Eagle Investment Systems (booth # 2111) has released Eagle Version 9.0 of its data management, investment accounting, and performance measurement suite, which it says represents a major technical and functional upgrade. Eagle has reworked the technical platform to provide better performance, usability, and more technical options to clients, says John Lehner, president of Eagle.
US equity and fixed income asset management firm Ark Asset Management has decided to move from its installation of the Eagle investment management suite, which is currently managed in-house, to the Eagle Access ASP booth # 2111).
RiverCross ATS has selected Sungard’s (booth # 2411) Brass infrastructure to host its fully-automated dark pool servicing sell-side providers. The connection to RiverCross will give customers of Sungard’s Brass direct connectivity to a unique pool of dark liquidity and another option to execute order flow before quoting in displayed markets.
Advent Software (booth # 1770), a leading provider of software and services for the global investment management industry, today announced that Moxy, its trade order management solution, has completed systems integration with Pulse Trading’s alternative trading system, BlockCross. The strategic relationship delivers greater access to liquidity to Moxy customers.
The EDM Council, a not-for-profit business forum for the financial industry, today marked its third anniversary. Since its formation in 2005, the EDM Council has grown in size and reputation from a dozen founding members to over 50 financial institutions, data vendors, software companies and integration providers.
ACTIV Financial (booth # 3101), a leading, independent, global end-to-end market data services provider, and Hanweck Associates, today announced the launch of VoleraFeed, a high-performance, real-time options analytics service delivered on ACTIV Financial’s ultra-low-latency data platform.
Eagle Investment Systems (booth # 2111), a leading provider of financial services technology and a subsidiary of The Bank of New York Mellon, today announced that Eagle ACCESS, its application service provider is currently available on Sun Microsystems’ SolarisTM 10 Operating System (OS).