ECNs provide price improvement to 10% of Nasdaq executed share volume, and to 20% of executed share volume on Amex and NYSE. Or so claim Celent Communications in a new analysis of execution quality data reported by major executing market
Pegasystems has joined IBM's ISV Advantage Initiative. The initiative aims to provide IT vendors with technical and marketing support to meet the needs of small and medium sized businesses. Pegasystems, which provides rules based business process management solutions, reckons participation
The British Bankers' Association (BBA) and the Institute of Directors (IoD) have developed a new qualification for directors working in the financial sector. The IoD BBA Diploma in Company Direction aims to cover all aspects of corporate governance, directors' responsibilities
Northern Trust has appointed Jeffrey W. Conover to President and Chief Executive Officer of The Northern Trust Company, Canada, as well as Chairman, President and Chief Executive Officer of NT Global Advisors, Inc. Based in Toronto, Conover will be responsible
As the number of Wily Loman style insurance agents shrinks, Tower Group thinks US insurers should distribute via banks and wirehouses instead. "It's imperative that insurers approach this market with a fresh perspective relative to products, distribution and operations," says
SunGard says that intelliMATCH EP (a matching, reconciliation and exception processing solution) has acquired a SWIFT Ready Gold label for a fifth consecutive year. It was accredited for reconciliation of both securities and cash. "We were pleased to award the
Integrated Decision Systems, a US based supplier of portfolio management and compliance systems to fund managers, prime brokers, and wealth managers, has relocated its headquarters from Los Angeles to New York. "IDS has begun an expansion in sales, product and
Integrated Decision Systems (IDS)has appointed Barrett Foster as Vice President of Sales. "We are very excited to be adding Barrett to our team," says Don Totter, CEO of IDS. "Barrett has extensive experience leading international sales teams. His success is
Citigroup has appointed a new head of its prime brokerage unit as part of a broader campaign to compete in the lucrative business of servicing hedge funds, according to an internal memo. Ali Hackett, formerly Citigroup's head of global futures,
BearingPoint says Mark Gembicki has joined the company's homeland security practice as national managing director for critical infrastructure protection. At BearingPoint, Gembicki will lead the Critical Infrastructure Protection practice providing executive level management and security solutions to help corporate and