SIFMA Tech 2010 Breaking News

June 22 - June 24 * New York, N.Y.

CEOs: Fix the Plumbing

June 24, 2010 - The financial crisis proved the industry's data systems -- its plumbing -- is broken. Call in the CEOs. Source: Securities Industry Blog

Pipeline Customizes Automated Strategies

June 24, 2010 - Pipeline Trading Systems said Thursday that the latest version of its software allows institutional traders to create custom strategies based on known behavior of individual stocks that can switch between scores of algorithms and multiple tactics -- and be overridden by traders when unexpected events or news occurs. Source: securitiesindustry_news

Black Hats Outspending White Hats?

June 24, 2010 - Professional hackers are are not just trying to out-think defenders of financial systems. They may be outspending them as well, an expert said Thursday at the Securities Industry and Financial Markets Association 2010 Financial Services Technology Expo in New York. Source: securitiesindustry_news

Alice's Doctrine of 'Unintended Consequences'

June 21, 2010 - When was the last time anyone figured out how to prevent "unintended consequences." Even Alice worried about rat-holes. Let's start dealing with consequences that can be foreseen and accept that not all can be. Source: Securities Industry Print Edition

Top of Mind: What Might Systemic Risk Regulator Want to Know ...

June 24, 2010 - Top of mind at the Securities Industry and Financial Markets Association 2010 Financial Services Technology Expo in New York on Wednesday: Just what type of information a financial system monitoring body might ask for and how firms would need to comply. Source: securitiesindustry_news

SEC's Audit Trail "A Waste of $4 Billion"

June 23, 2010 - The Securities and Exchange Commission is seeking comment on its May 26 proposal to create a real-time trail of all trade and trader information. The comment it got Wednesday at the Securities Industry and Financial Markets Association's 2010 Financial Services Technology Expo: "It's a waste of $4 billion." Source: securitiesindustry_news

Promoting XBRL Tagging for Corporate Actions Overseas

June 23, 2010 - The Society for Worldwide Interbank Financial Telecommunications said it hopes to mirror the success of its initiative with XBRL and Depository Trust & Clearing Corp. to promote the use of XBRL-tagging for corporate action notifications in the U.S, overseas. Source: securitiesindustry_news

The 'Cloud' for Market Data is Sunny

June 23, 2010 - Middle and back office executives could make good use of market data delivered through the cloud, according to a group of panelists at the Securities Industry and Financial Market Association’s technology conference in New York on Wednesday morning. Source: securitiesindustry_news

WEDNESDAY DEALBOOK: First Quadrant Installs Portware for Global FX Trading

June 23, 2010 - Portware said Wednesday that First Quadrant has installed Portware FX to support its global operations in foreign exchange trading.

 Source: securitiesindustry_news

When Systems Fail, Don't Just Operate. Communicate.

June 23, 2010 - Keeping operations going needs attention to more than just servers, networks and technology, when a crisis comes. Communication also matters. Source: securitiesindustry_news

Bloomberg for SEC Chairman. Or More.

June 22, 2010 - Who's in best position to help governments the world over to achieve real-time surveillance of markets? Think Bloomberg. Not just the company. The man. Source: Securities Industry Blog

40% of Firms Use Twitter, Survey Says

June 23, 2010 - Twitter is being used by more than 40 percent of software firms in the financial industry, according to results of research released at the Securities Industry and Financial Markets Association 2010 Financial Services Technology Expo in New York. Source: securitiesindustry_news

Hidden Fields May Not Hide Traders' identities

June 22, 2010 - Sending the identities of traders in hidden fields of information on the consolidated tape of stock transactions that get sent to the Securities and Exchange Commission will not necessarily keep their identities out of the hands of professionals in the marketplace, a trading expert said Tuesday at the Securities Industry and Financial Markets Association's 2010 Financial Services Technology Expo. Source: securitiesindustry_news

TUESDAY DEALBOOK: CameronTec Signs SocGen

June 22, 2010 - CameronTec said it inked a deal with Societe Generale Corporate & Investment Banking, which will use CameronTec's CameronFix engine for exchanging information on fixed income and currency transactions using the Financial Information Exchange communications protocol. Source: securitiesindustry_news

NEW PRODUCT HEATMAP: Sophis Goes Hosted

June 22, 2010 - As the first day of the Securities Industry and Financial Markets Association's 2010 Financial Services Technology Expo got underway, Sophis said it is launching a hosted version of Sophis Value, its risk management system for investment portfolios. Source: securitiesindustry_news

Pinpoint Tech Spending that Matters

June 22, 2010 - Financial firms are missing the point, if they continue to use broad measures of their spending on technology, rather than pinpoint the patterns that matter and track them. Source: securitiesindustry_news

Don’t Let Your Operations Team Grow Up to be Traders

June 22, 2010 - What you can learn from the "rogue trader" incident at Societe General, while attending the Securities Industry and Financial Market Association’s technology show this week. Source: Securities Industry Blog

SIFMA Tech 2010 Preview: Preparing to Monitor Systemic Risk

June 18, 2010 - The Securities Industry and Financial Market Association’s technology conference this week will serve to highlight the technology spending and operational changes which financial firms will have to undertake to try and ensure that a financial crisis like that of 2008 and 2009 does not reoccur. Source: Securities Industry Monday Monitor

Tradar Adds Order Management

June 21, 2010 - Tradar sid it will launch a new version of its portfolio management software that will include order management capability. The launch will take place at the Securities Industry and Financial Markets Association 2010 Technology Expo, which opens Tuesday. Source: securitiesindustry_news

Progress Turns Argentine Bank Live

June 21, 2010 - rogress Software Corporation said Monday that the foreign exchange operations of the Argentine financial services group, Banco Bilbao Vizcaya Argentaria (BBVA), have gone live on the Progress Apama FX Aggregation Accelerato.. Source: securitiesindustry_news

Calling All Margins: Automation On Center Stage

June 7, 2010 - Sending email messages and faxes are the primary mechanisms used to make margin calls on trades in the $605 trillion market for over-the-counter derivative securities. But those cumbersome and manually means of communication could soon be a thing of the past. Source: Securities Industry Special Reports