Latest News
Brokerage IT spending to take a hit
Now might be a good time to brush up on the art of keeping your pet projects alive--or a good time to at least start prioritizing. IT spending at a lot of brokerages is bound to moderate. Celent's Read more...
Bank of America searches for the future of banking?
Bent on uncovering what the future of banking will look like, Bank of America has inked a 5-year deal with MIT's media Lab, that calls for the big bank to pony up $3-$5 million annually. The goal is Read more...
Buyside seeks independent valuations of derivatives
We've noted the many problems in the credit default swap market, which still doesn't have an automated trading venue. But as Wall Street & Technology makes clear, there are huge markets for Read more...
Global options market seeks better technology
The Tokyo Stock Exchange's decision to implement an options platform from NYSE Euronext's Advanced Trading Solutions unit is an eye-opener. This is a great opportunity for the NYSE. According to Read more...
To get a job, get tech savvy
We've seen a really interesting move over the past few years to meld the trading function with technology. One indication is that the divide between the traders and the system-developing geeks has Read more...
SPOTLIGHT: Business continuity
Why are financial services firms more prepared than others when it comes to business continuity plans? Perhaps it was because of the events of Sept. 11, 2001. Perhaps because, in any case, the need Read more...
ALSO NOTED: IBM acquires InfoDyne; Traders association releases report on market structure; and much more...
Company News:> Enterprise payments architecture rises at more banks. Article> IBM acquires InfoDyne. Read more...
JP Morgan Chase to boost Treasury services
JP Morgan Chase intends to enhance its Treasury services business line with a $30 million investment in technology. The need for a state-of-the-art platform, one that can scale to support business Read more...