Wall Street news from FierceFinanceIT

We're accustomed to thinking of Citigroup in very negative terms. But there is one unit that has weathered the storms very well, and remains integral to the company's success: Its transaction... Read more...

The conventional wisdom as of late has been that the SEC would crack down on so-called naked access or naked sponsored access. The whole idea seemed to fly in the face of reform and market structure... Read more...

For some companies, 2009 was a banner year. For others, it was another tough year, not as bad as 2008 perhaps, but certainly one to forget. So what will 2010 bring? Well, the spending climate in... Read more...

So was Citigroup really attacked by sophisticated Russian cyber thieves who made off with millions of dollars? No less than the Wall Street Journal reported as much not too long ago. Citigroup's... Read more...

A group of former regulators, academics and Wall Street executives are pushing an initiative called the National Institute of Finance (NIF). This facility would essentially gather data on trades and... Read more...

This is hardly surprising. The CME Group and Citadel have abandoned their plans for a credit default swaps exchange services. Clearly, the big Wall Street dealers that dominate the CDS order flow... Read more...

When it comes to Wall Street, speed kills--either you or your competition. In an effort to build lower latency services, many firms are setting up shop in New Jersey, which has become something of a... Read more...

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...

Wall Street's grid and cloud vendor community has undergone some big shifts. Platform Computing has acquired HP-MPI (Message Passing Interface) from Hewlett-Packard; it hired members of the HP-MPI... Read more...

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...