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Wall Street & Technology
June 13, 2006
Greg MacSweeney
Careful What You Wish For While financial firms are relieved by the extension of full Reg NMS implementation, compliance now bumps up against the Nov. 1, 2007 deadline for the European Market in Financial Instruments Directive (MiFID). So where does that leave the industry? mark for My Articles similar articles
Wall Street & Technology
January 23, 2007
Cory Levine
A Market Turned Upside Down The E.U.'s Markets in Financial Instruments Directive is scheduled to go into effect in November 2007. Even U.S.-based firms will need to have a thorough strategic plan for compliance in order to stay competitive in the global markets. mark for My Articles similar articles
Wall Street & Technology
June 13, 2006
Cory Levine
Indirect Hit Although the Markets in Financial Instruments Directive (MiFID) has yet to fall on the EU, the global nature of the industry demands that U.S. financial firms pay attention to the changes at hand. mark for My Articles similar articles
Bank Technology News
January 2008
Anthony Malakian
Data Processing: Forestalling a Market Data Overload Thanks to Reg NMS in the U.S. and MiFID in Europe, market data volume is on the rise and will continue to grow gangbusters. Investing in infrastructure will be a way of life. mark for My Articles similar articles
Wall Street & Technology
April 14, 2006
Playing Catch Up On Reg NMS Broker-dealers that have not yet established a compliance strategy or begun a program design in preparation for Reg NMS are well behind the industry curve. mark for My Articles similar articles
Wall Street & Technology
October 24, 2007
Michael Topper
The Repercussion of MiFID and Reg NMS in the U.S. U.S. financial institutions must educate themselves on the difference and similarities between Reg NMS in the States and MiFID in Europe to ensure they know the rules and are able to comply. mark for My Articles similar articles
Wall Street & Technology
January 5, 2005
Steve Silberstein
Dear CIO... Question: How will Reg NMS impact broker-dealers? mark for My Articles similar articles
Wall Street & Technology
May 15, 2006
Cory Levine
An Industry in Denial Reg NMS is set to change the foundation of the securities industry and represents the reality of a major industrywide spend. But on whose shoulders that expense will fall remains largely up in the air. mark for My Articles similar articles
Wall Street & Technology
October 20, 2006
Trading Technology Growth Slows Over the next few years, the buy side will continue to spend on trading systems, but growth in the trading technology market is expected to slow down to an average annual growth rate of 4.6%, according to a new market review. mark for My Articles similar articles
Wall Street & Technology
January 4, 2004
Nasdaq Market Share Predicted to Increase Celent Communications believes that Nasdaq will achieve 35 percent market share in 2005. mark for My Articles similar articles
Wall Street & Technology
June 12, 2007
Melanie Rodier
Wall Street Firms Fine-Tune Reg NMS Compliance, Look Ahead at the Future Most financial firms have been working on boosting their order-routing capabilities and their infrastructure. But now is the time to see whether their systems can efficiently handle the data Reg NMS requires. mark for My Articles similar articles
Wall Street & Technology
January 24, 2006
Greg MacSweeney
Reg NMS: Hurry Up and Wait An interview with Joe Gawronski, COO at Rosenblatt Securities, on the possibility of a delay in the implementation of both Reg NMS and NYSE's planned hybrid exchange model. mark for My Articles similar articles
Wall Street & Technology
January 23, 2007
Cory Levine
NYSE Requests a Four-Week Extension of the Reg NMS Deadline Although it has been beaten to death by industry analysts and press, the importance of the changes to the U.S. securities industry spurred by Reg NMS cannot be overstated. The industry anxiously awaits full implementation of the regulation in 2007. mark for My Articles similar articles
Wall Street & Technology
February 14, 2006
Ivy Schmerken
Brokerage Teams Tackle Reg NMS as Deadline Looms Many financial firms have joined industry committees to make sure that their organizations' interpretations of Regulation National Market System (Reg NMS) are in line with other market participants' views. mark for My Articles similar articles
Wall Street & Technology
October 20, 2006
Greg MacSweeney
On Shaky Ground The underlying theme at SWIFT's SIBOS conference was the need for financial industry participants to enhance their infrastructures. mark for My Articles similar articles
Wall Street & Technology
June 13, 2006
Ask the Experts Mark Madoff, co-director of trading at Bernard L. Madoff Investment Securities, discuses how the U.S. securities market will change as the NYSE and Nasdaq introduce new fee schedules. mark for My Articles similar articles
Wall Street & Technology
February 4, 2005
Ivy Schmerken
Reg NMS As part of the extreme makeover of the National Market System, the SEC's Reg NMS proposes that market centers route orders to the venue that offers the best price. mark for My Articles similar articles
Wall Street & Technology
January 23, 2007
Jessica Pallay
In the Search of Liquidity: The Time Is Now Now that Reg NMS is finally here, are firms ready to access 30 or more trading venues in their search for liquidity? After a year of investment in technology, firms need to demonstrate that their systems are up to the challenge. mark for My Articles similar articles
Wall Street & Technology
April 22, 2005
Kerry Massaro
Catalyst for Change The SEC approved Reg NMS - a regulation that will transform the markets from a system centered around the NYSE as an auction market to one that is more in-line with the fast pace of technology in the world at large. mark for My Articles similar articles
Wall Street & Technology
October 24, 2006
MiFID: Good or Bad? Discord is brewing in the European Union over the perceived value of the forthcoming Markets in Financial Instruments Directive. mark for My Articles similar articles
Wall Street & Technology
April 26, 2007
Electronic Trading Boom Spurs Spending on Advanced Trading Technology The rapid growth in electronic execution of institutional equities trades will spur U.S. capital markets participants to spend $860 million on advanced trading technology this year, and spending will reach $1.3 billion by 2010, according to a new report. mark for My Articles similar articles
Wall Street & Technology
June 22, 2004
Ivy Schmerken
How Low Can You Go? Reg NMS' proposed formula for allocating market-data revenues among exchanges isn't getting a warm welcome on the Street. mark for My Articles similar articles
Wall Street & Technology
July 26, 2004
Ivy Schmerken
Making Markets Move The race to become a fast market may lead exchanges to join forces with ECNs. mark for My Articles similar articles
Wall Street & Technology
November 18, 2005
Ivy Schmerken
Direct From the Source While the majority of financial services firms continue to obtain their U.S. equity data feeds from consolidators, some brokerage firms are shifting to technology companies that can process direct exchange feeds and present ECN's full depth-of-book order books as part of a hosted solution. mark for My Articles similar articles
Wall Street & Technology
February 12, 2007
Mark Madoff
Ask the Experts: Trading Q: Will SIFMA's request to have the SEC examine the NYSE's new market-data fees have any impact on the future fee structure(s)?... A: Most of the industry's efforts to prepare for Regulation NMS have been directed at dealing with automating quotes... mark for My Articles similar articles
Wall Street & Technology
August 22, 2006
Operational Risk Management Goes Global New research suggests that financial services firms across global regions will concentrate much of their spending over the next three years on operational risk management. mark for My Articles similar articles
Wall Street & Technology
April 11, 2008
Cory Levine
Direct Market Access to Continue Steady Growth Celent estimates that 15 percent to 18 percent of current U.S. equities flow goes through direct market access pipes, a number that is expected to increase to 20 percent by 2010. mark for My Articles similar articles
Wall Street & Technology
May 21, 2007
Les Kovach
Latest Market Data Dispute Over NYSE's Plan to Charge for Depth-of-Book Data Pits NSX Against Other U.S. Exchanges The NYSE filed a comment letter with the SEC supporting a review of the Commission's approval of the NYSE's fee proposal as well as a review of the current market data revenue-sharing formula under Reg NMS. mark for My Articles similar articles
Wall Street & Technology
July 18, 2006
Ivy Schmerken
Amex CIO Prepares to Launch New Hybrid System, AEMI, for Reg NMS CIO Antoine Shagoury is ramping up the process to launch the exchange's new hybrid trading system AEMI to be ready for Reg NMS. mark for My Articles similar articles
Wall Street & Technology
March 21, 2006
Larry Tabb
Reg NMS: A Pox on All Your Houses The SEC's Reg NMS will significantly alter the way the markets and the industry as a whole operate. Instead of the market consolidation we have seen over the past few years, we are seeing a market fragmentation, as regional exchanges retool and ECNs proliferate. mark for My Articles similar articles
Wall Street & Technology
February 12, 2007
Cory Levine
Wealth Management Market Continues to Grow Going forward, wealth management services will remain in strong demand, and wealth managers will need new technologies to support them. mark for My Articles similar articles
Wall Street & Technology
January 23, 2007
Pondering Liquidity Management The next five years will see a considerable increase in order internalization as market pressures force banking firms to adopt the philosophy of liquidity management in order to stay competitive, a new research note speculates. mark for My Articles similar articles
Wall Street & Technology
January 24, 2006
Paul Allen
Turning the Tide As ECNs and other alternative trading systems have emerged, fragmentation in the capital markets has increased. But with the acquisitions of Archipelago by the NYSE and of the Brut and INET ECNs by Nasdaq, the tide may be turning. mark for My Articles similar articles
Wall Street & Technology
July 23, 2004
Kerry Massaro
Reinventing Themselves If you look back at the late-'90s, when new ECNs were being introduced into the marketplace regularly and a huge rivalry had developed between the ECNs and the exchanges, the securities industry's last consideration would have been that the two would join forces. mark for My Articles similar articles
Wall Street & Technology
June 28, 2005
The Next Big Thing Four analysts predict what shape they believe the future landscape of financial services technology will take. mark for My Articles similar articles
Wall Street & Technology
January 23, 2007
A Good Year for WMPs North American sales of wealth management platforms are expected to remain strong, reports Celent in its recent ranking of WMP vendors. mark for My Articles similar articles
Bank Systems & Technology
January 31, 2006
Ivan Schneider
SWIFT Strategist Plots Course for MiFID The Markets in Financial Instruments Directive is part of a broad-based effort by the European Commission to increase the relative attractiveness and performance of the European Union financial markets in the global economy. mark for My Articles similar articles
InternetNews
December 21, 2007
Kenneth Corbin
A 'Building Year' For Mobile Banking Research firm Celent looks ahead to the coming year in banking technology. mark for My Articles similar articles
Wall Street & Technology
December 12, 2007
Cory Levine
Dark Pools Don't Translate in Foreign Markets Despite their increasing popularity in U.S. markets, dark pools of liquidity are finding few takers in foreign markets, according to a new market study. mark for My Articles similar articles
Wall Street & Technology
February 4, 2005
Ivy Schmerken
Reg NMS Tops the CIO Agenda The regulation to modernize the National Market System is shaping up as the single most important issue that chief information officers of buy-side and sell-side firms will focus on in 2005. mark for My Articles similar articles
Wall Street & Technology
August 22, 2007
Melanie Rodier
European Exchanges See Booming Revenues Revenues generated by the main European exchanges have skyrocketed over the past three years, making them considerably more profitable than their U.S. counterparts. mark for My Articles similar articles
Wall Street & Technology
October 20, 2006
Ivy Schmerken
MiFID Rules Break the Exchange Monopoly on Trade Reporting Under new Pan-European legislation, which takes effect in November 2007, investment banks will be in a position to form their own trade reporting authorities and charge for disseminating their own market data. mark for My Articles similar articles
Wall Street & Technology
January 5, 2007
Ivy Schmerken
Stock Exchanges Create Trade Reporting Facilities to Earn Market Data Fees From Internalized Trades With the number of dark books and alternative trading systems proliferating, stock exchanges are venturing into the trade reporting business to earn market data fees from reporting off-exchange trades. mark for My Articles similar articles
Wall Street & Technology
November 26, 2007
Melanie Rodier
Streamlining Global Compliance Globalization continues to be a trend, and financial companies are finding they can't manage current global compliance requirements efficiently. mark for My Articles similar articles
Wall Street & Technology
June 23, 2008
Melanie Rodier
SOA Threatens Security With customers accessing systems themselves through Internet banking and other self-serving channels, core systems are vulnerable to security threats. mark for My Articles similar articles
Wall Street & Technology
March 19, 2007
Cory Levine
SIFMA and NetCoalition Set Off Market Data Dispute Lobbyists SIFMA and NetCoalition have convinced the SEC to conduct a rare review of market data fees, setting off a spirited debate between exchanges and broker-dealers, such as Charles Schwab. mark for My Articles similar articles
Wall Street & Technology
February 12, 2007
Cory Levine
Exchanges Lag in IT Spending Despite the global reinvention of securities exchanges as for-profit companies, IT spending by exchanges will continue to lag behind that of brokers and asset managers, according to research. mark for My Articles similar articles