Wall Street & Technology July 2009: Sustainable Solutions for Capital Markets

Jul 13, 2009

In a new Special Report, Wall Street & Technology explores how more and more firms are realizing that energy-efficient IT may be the best way to slash operating costs. Virtualization, data center improvements, creative servers and other new technologies are making sustainable IT a reality. This, plus getting comfortable with transparency, open source at RBC, cost basis reporting and more. For exclusive features as well as daily capital markets news, visit WallStreetandTech.com

  (Photo: http://www.newscom.com/cgi-bin/prnh/20090713/NY44890 )

  Energy Stars: Wall Street Firms' Sustainable IT Efforts

Strained budgets combined with advances in virtualization technology and energy-efficient equipment are driving the efforts of Wall Street firms -- such as BNY Mellon, Citi, Northern Trust and Buttonwood Trading Group -- to make their data centers and broader IT infrastructures more sustainable.


  Citi's Green Data Centers Provide Environmental and Business Benefits

Citi has completed three LEED-certified energy-efficient data centers and is sticking to its $50 billion commitment to environmental efforts, which it says make good business sense.


  'Kill the Comatose Servers,' Says IT Guru Ken Brill

Kenneth Brill, technology industry icon and executive director of the Uptime Institute, offers his secrets to running an energy-efficient data center.


  Emerging Technologies That Will Change the Data Center

Three emerging technologies bound to make Wall Street data centers more efficient in the coming year.


  Wall Street Firms Form Enterprise Clouds

A number of Wall Street firms -- including Citi, Merrill and AQR Capital -- are adopting cloud computing concepts internally to ease IT management and save money.


  Wall Street Adjusts to Transparency

Calls for transparency from regulators, investors and even financial firms aren't about to subside anytime soon. Technology -- and education -- are key to helping Wall Street respond.



RBC Capital Markets Taps Open Source Platform for Fixed Income Applications

Investment bank RBC Capital Markets leverages open source development platform Eclipse to integrate multiple fixed income applications through a single user interface.


  The Odds of Exchange Migration

Though it may seem like a quick fix, migrating OTC products to exchanges is a process fraught with dangers and problems all its own.

http://wallstreetandtech.com/trading-compliance/showArticle.jhtml?articleI D=217701356

  Spending on the Horizon as the End Nears

Technology, research, and other expenses that were delayed during the worst of the crisis can only be put off so long, so as the economy makes gradual improvements, so should spending figures.

http://wallstreetandtech.com/operations/showArticle.jhtml?articleID=218401 125

  The Urgency and High Price of New Cost Basis Reporting Law

Even while many firms are unaware of new cost basis reporting requirements, the deadline for compliance is fast approaching -- and the cost to comply won't be cheap.



Wall Street IT Budgets Are Fatter Than You Think, Aite Says Reports of budget hemorrhaging are overblown; money is still being spent this year on OMS, EMS, risk and compliance technology, analyst Adam Honore says.


  China Wealth Management Market Has Huge Potential

The market is expected to reach US$700 billion in 2014, almost doubling what it was in 2007, according to a new report from Celent.


Lightspeed Financial Integrates Trading Platform With Wedbush's Clearing Capabilities

New model will allow Lightspeed to serve growing market of new small, prop trading firms.


  Neonet to Monitor Latency Across Euro Markets

Global agency brokerage to use Corvil's monitoring system to accelerate its algorithmic trading and smart order routing services.

http://www.wallstreetandtech.com/data-latency/showArticle.jhtml?articleID= 217700978

Breakaway Brokers Taking Client Assets With Them

Not surprisingly, financial advisers say they are leaving brokerage and captive firms out of discontent and two-thirds are taking huge hunks of business with them, an Aite survey finds.

http://www.wallstreetandtech.com/wealth-management/showArticle.jhtml?artic leID=217600473

  Wikis and Wall Street: A Perfect Match?

The key to leveraging wikis on Wall Street is picking and choosing the business problems that wikis are well-suited to solve, and which skirt around the security and compliance issues that have hampered previous SaaS deployments.


  UAT Launches Trading Oversight System For Investment Industry

Technology provides pre-trade compliance, real-time reporting, and lower brokerage costs for sub-advised platforms, says UAT.

http://www.wallstreetandtech.com/trading-compliance/showArticle.jhtml?arti cleID=217700421

HedgeOp Launches Compliance Platform For RIAs

New web-based software application helps investment advisers meet adviser act requirements.

http://www.wallstreetandtech.com/trading-compliance/showArticle.jhtml?arti cleID=217500833

youDevise Introduces New Version of Forex Exposure Module for Funds of Hedge Funds

The solution aims to reduce the negative effects of volatile currency fluctuations that have been plaguing the funds of hedge funds.

http://www.wallstreetandtech.com/technology-risk-management/showArticle.jh tml?articleID=217700150


  About Wall Street & Technology:

Wall Street & Technology is part of TechWeb, the business technology media leader. WS&T is the capital markets' No. 1 source for technology news, trends and analysis. For more than 25 years, WS&T has been helping Wall Street firms optimize their technology strategies and maximize their technology investments to drive competitive advantage. Our unparalleled industry-leading coverage derives from two main drivers: the experience and knowledge of the industry's most senior staff of editors, and our close work with our reader advisory board and other leading market executives. Our content spans across multiple media platforms -- print publication, Web site, electronic newsletter, WS&T events, webcasts, video, podcasts, blogs, and RSS feeds -- so executives can access information in the method they prefer. TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

  Greg MacSweeney
  Editor In Chief, Wall Street & Technology
  212 600 3081

First Call Analyst:
FCMN Contact:

Photo: http://www.newscom.com/cgi-bin/prnh/20090713/NY44890
PRN Photo Desk, photodesk@prnewswire.com

SOURCE: Wall Street & Technology

CONTACT: Greg MacSweeney, Editor In Chief, Wall Street & Technology,
+1-212-600-3081, gmacsweeney@techweb.com

Web Site: http://wallstreetandtech.com/