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The systems are designed to support the data processing requirements of trading departments. The full systems generally include hardware, software, communications, real-time data feeds, real-time inventory management and risk control, […]

After mistakes, delays and cost overruns, the Toronto Stock Exchange is ready to go fully electronic with a new trading system. But will another project initiated by rival Montreal steal […]

As competition for assets swells among institutional money managers, and scrutiny by pension sponsors grows, reducing transaction costs to better performance is a must. How to measure those costs, however, […]

Custodians are having a tough time with derivatives accounting, which poses problems for plan sponsors that need to know with certainty the value of their holdings. "If you don't set […]

MIT finance professor Andrew Lo is investigating whether neural networks can be used to forecast financial asset prices. Refuting the random-walk hypothesis was a bold step for Andrew Lo, professor […]

Front-running at brokerages has made headlines lately, but compliance officers admit there's a limit to what they and their technology can do to prevent this illegal practice. Can high-tech solutions […]

As trading in OTC derivatives booms, industry insiders are discussing settlement risk and who bears the burden if deals go bust. Regulators are worried about the riskiness of the very […]

To stay competitive in today's global business environment, Morgan Stanley Group Inc. wants to make data and analytics available locally, giving traders, asset managers, investment bankers and research analysts the […]

After six months in operation, the NASD'S international market still can't compete with SEAQ International. NASDAQ International, a screen-based quotation system for market makers that operates a European trading session […]

For ABN-Amro Bank, a new trading room, is the foundation for stronger global operations--and for enhancing risk management. In preparing to bring its New York-based treasury operation to its LaSalle […]

"We had been given a directive [in 1980] to prepare for a 150-million-shares day. We planned for 150 million shares to be traded, not really believing it at the time. […]

To create and trade customized derivatives products, one firm is combining off-the-shelf and proprietary software to handle nonstandard instruments and gives traders more tools faster. When a firm decides to […]

Globex has been attempting to expand its after-hours, screen-based futures and options market. Globex Corp. and Reuters Holdings PLC are talking with the Chicago Board Options Exchange (CBOE), the nation's […]

On Feb. 1, Cantor Fitzgerald joined the ranks of First Boston, Daiwa Securities and others by kicking off an odd-lot trading service. It provides institutional customers--small broker/dealers, pension plans, mutual […]

In an attempt to succeed where others have failed, the Midwest Stock Exchange plans to launch before the end of 1993 a midday (Chicago time) crossing session, called Match Market […]

To reach small investors, First Boston Corp. has introduced an electronic trading system that gives investors the opportunity to buy and/or sell government securities directly from the investment bank, which […]

Critics and advocates of payment of order flow recently took their arguments to Capitol Hill. Their only point of agreement: Both claim to have the best interest of the investor […]

Spurred on by derivatives and globalization, getting a solid handle on growing supplies of market data will be one key focus of trading room technology in the next several years. […]

Just two days before the new Treasury Automated Auction Processing System (TAAPS) was implemented on April 29, the General Accounting Office (GAO) issued a report in a letter to Secretary […]

Since no one asked, and since I have no vested interest in this topic, it's time someone tell the truth about the commission business. Directed commissions, commission recapture by plan […]