Theresa Carey

Trading Technologies International Inc. has expanded the functionality of its X_Trader Pro order entry software with the addition of 28 add-on components created by Trading Technologies Professional Services group. The product suite allows many types of users, including traders, brokers and risk managers, to customize X_Trader according to their preferences. Trading Technologies develops trading software […]

2004 will be remembered as a year of consolidation and reactions to regulations in the financial services industry. Mergers and Acquisitions This year featured quite a few mergers and acquisitions in the financial technology space—most welcome, such as Banc of America Securities purchase of Direct Access Financial in March, Bank of New Yorks buyout of […]

The New York Stock Exchange has filed additional information on its hybrid market with the U.S. Securities and Exchange Commission, clarifying the rules and functionality of the expanded NYSE Direct+ automatic order-execution service. The supplemental filing details the rules governing automatic-execution orders, sweeps of the limit-order book, specialist and broker interest files and algorithms, and […]

Details of Microsofts latest foray into the small-business accounting market are coming to light now that the company has confirmed that its working on a new version of Office that will be released in late 2005. /zimages/4/28571.gifClick here to read about Microsofts next Office release, Office 12. The new Office release will add a new […]

QuickBooks, long the front-runner in the small-business accounting software market with more than 3 million users, will roll out its 2005 line in late November. The product line includes software upgrades as well as a new payroll service. By Intuits count, there are 22 new and enhanced services and products being introduced. Intuits upgrades for […]

The U.S. Securities and Exchange Commission (SEC) imposed new regulations late last month on private investment pools, also known as hedge funds. The ruling requires that most hedge fund advisers register with the SEC under the Investment Advisers Act of 1940, which includes provisions for securing, managing and archiving all electronic communication, including instant messages. […]

When you think about the insurance industry, one of the last words to pop into your mind is “agile.” Whats more likely is some combination of antiquated, slow, difficult and stodgy. Computerized policy management, from quoting to paying claims, has been part of the insurance industry for the past four decades, but the various legacy […]

The implementation of the Check Clearing for the 21st Century Act, aka Check 21, which goes into effect this week, means that check handling and collection should see a drastic increase in speed. However, security experts believe it could open up some especially foreboding issues in the financial services industry. Unisys Corp. has published a […]

Something stinks in the insurance industry, according to New York Attorney General Eliot Spitzer. Insurance brokers, charged with the task of providing competing bids to their customers, have been taking kickbacks from insurance companies. Spitzer hopes to uncover–and eliminate—widespread corruption in the industry. Lets say youre the human resources executive in charge of putting together […]

Oracle has announced its intention to enhance the Oracle E-Business Suite and Oracle Application Server to be compatible with SWIFT, the industry-owned cooperative providing secure, standardized messaging services and interface software to 7,650 financial institutions in more than 200 countries. Oracle plans to complete the first phase of the integration initiative in the first half […]

Check 21, also known by its full name, the Check Clearing for the 21st Century Act, was spurred in part by the 9/11 terrorist attacks, when millions of uncashed checks sat on airport runways for days. Those unmoving pieces of paper, which authorized the transfer of cash from one account to another, severely slowed the […]

Emerging from post-dotcom meltdown, a clear trend has emerged in the stock market: program trading. One longtime market information provider, HyperFeed Inc., looks to ride this change with its updated ticker data platform and API. Program trading is a term used to describe a type of trading in securities based on relationships between a stocks […]