The Tokyo Stock Exchange, historically reliant on technology from Japanese providers, announced today that it will implement an options platform from NYSE Euronext’s Advanced Trading Solutions unit.
As packets of information travel from, say, New York to Tokyo and London, a company can lose money because the data reaches its offices at different times. That, say GigaSpaces Technologies and Solace Systems, is the problem they are seeking to address with jointly developed messaging technology.
Technology providers that cater to buy-side firms are knocking on doors in an industry that has seen widespread losses and sharp reductions in assets under management, as well as mergers, bankruptcies and outright frauds.
Even before the credit crisis hit, adoption of Microsoft Corp.’s oft-criticized Windows Vista operating system was slow on Wall Street. And with IT budgets tightening across the financial services industry, many firms are not rushing to make the switch.
The promise of service-oriented architecture (SOA) is a world where everything interoperates seamlessly, pieces of applications are reused endlessly and development of new systems is quick, cheap and easy. But despite some high-profile deployments and the spread of Web services, when it comes to financial firms doing serious business with each other, SOA is being [...]
New channels of electronic communication have been a boon to many industries, opening up sales and marketing opportunities, helping improve customer service and speeding up innovation and collaboration. For Wall Street, however, the benefits of technology such as Twitter have to be weighed against the compliance pains.
One of the chief attractions of cloud computing is that firms don’t have to worry about where or how their processing work gets done, but that is also its biggest risk.
Spurred by integration of the world’s capital markets and growing anxiety over effects of the U.S. subprime crisis, Asian firms are increasing their investment in risk management technology.
Suffering from a lack of liquidity and poor securities processing, Ukraine is hoping that Nasdaq OMX Group can provide some relief and bring the country’s markets more international attention.
Fixed-income products can be a compliance nightmare. Compared to the thousands of equities instruments, there are millions in the fixed-income world, and some of those might not be traded for months–or years–making pricing largely a judgment call.