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Direct Edge adds two to list of formal exchanges

The ranks of U.S. stock markets keep getting more crowded. Along with the NYSE, Nasdaq and BATS, two new markets are now fully approved--Direct Edge's EDGA and EDGX equity markets. The... Read more...

Remote deposit and P2P: Killer mobile apps?

Are remote check deposit for the masses and person-to-person payments poised to become the first true killer of financial applications for the mobile Web? A significant boost may be coming in the... Read more...

Are banks missing the Android market?

We noted recently that Android seems to be becoming a popular mobile banking platform. Surveys have found that users of Android are more active mobile banking customers than users of the iPhone and... Read more...

A re-energized player in CDS clearing

Clearing credit derivatives has been a huge issue as of late, and for a while there, it seemed as if the industry was on the verge of real competition in a new field: CDS clearing. A host of... Read more...

Most environmentally progressive banks?

So who made Newsweek's list of environmentally aware companies. State Street, Wells Fargo, Citigroup and JPMorgan all ranked in the top 50. Mellon came in 60th, and Capital One can in 71st. U.S.... Read more...

What's next for derivatives trading?

You do get the feeling that Wall Street dealers are hell-bent on avoiding a mandated move to exchange-based derivatives trading. We've noted before that exchange-based trading is associated with... Read more...

A heat map of the markets

KMM Trading, a Chicago-based hedge fund led by JPMorgan veteran James Gislason, has developed a heat map to help traders visualize the market. The software allows traders to drill down into hot areas... Read more...

Lock box business increasingly outsourced?

It's not seen as alluring or fashionable in any way: The lockbox business just doesn't get a lot of press. But the reality is that a lot of companies still process checks the old-fashioned way. There... Read more...

Banks flock to desert data centers

You would think a desert is the worst place to build a data center. But many top banks, including JPMorgan Chase and Bank of America, and other companies have flocked to the Phoenix area to set up... Read more...

How to deal with IT staff in a merger

There's a lot of critical post-merger integration work underway right now: Wells Fargo-Wachovia, JPMorgan-Washington Mutual, Bank of America-Merrill Lynch and Bank of America-Countrywide. The success... Read more...