Credit Suisse news from FierceFinanceIT

Are we in for more of this? The SEC has levied a fine, albeit small, on Credit Suisse "for poorly supervising the development and execution of an algorithm that clogged the exchange's order... Read more...

Deutsche Bank has settled on North Carolina , specifically the Research Triangle area, as the ideal site for a new bank technology hub. The company aims to start a new unit, DB Global Technology,... Read more...

When Credit Suisse started building a common data repository for all of its alternative investment units four years ago, it was aiming for the kind of systems sprawl that plagues many companies. In... Read more...

The idea of being able to trade across multiple asset classes is something that has been discussed for a while. Now we're seeing the likes of UBS, Goldman Sachs and Credit Suisse developing these... Read more...

On Wall Street, few question the value of trading algorithms. This is in stark contrast to the hand-wringing about this approach to trading elsewhere. Many have recently lamented the herd aspect of... Read more...

Credit Suisse will set up a "Centre of Excellence in Mumbai," through which it will conduct a range of activities, including investment analysis and risk and analytics modeling, reports Banking... Read more...

Latency is, of course, a marketing issue these days. To survive as a trading or execution firm, you pretty much have to be able to market yourself as a low-latency service provider and produce the... Read more...

Dark pool volume is holding strong. Trading magazine notes data from Rosenblatt Securities showing that dark pools were 8.75 percent of consolidated volume in January, about the same as in November... Read more...

Despite a lot of conjecture to the contrary, it seems that hedge and other funds are as committed as ever to the use of algorithms. According to a recent Tabb Group report, the top providers by... Read more...

We've noted elsewhere that hedge funds that intend to thrive through the crisis will need to continue to invest in systems. So this downturn may be one of those moments in which future leaders rise... Read more...