October 2008

Next-Generation Data Centers

Next-Generation Data Centers: Wall Street Makes Data Centers Lean, Mean and Green
Tony Amicangioli, CTO, Lime Brokerage

Next-Generation Data Centers: Wall Street Makes Data Centers Lean, Mean and Green
Remote management, high-speed networks, state-of-the-art virtualization management and efficient cooling are just some of the best practices top Wall Street firms are using to make sure they have the highest-performing and most-efficient data centers possible.
Data Center Containers Offer Wall Street Scalability
A growing community of users and experts agree that building data centers in modular containers is the best approach.

Capis Transforms Its Data Center
The Dallas-based brokerage moved to a colocation facility, upgraded its infrastructure and virtualized production servers in the pursuit of high performance, low latency and efficiency.

The Making of the First Certified-Green Data Center
Advanced Data Centers is building the first-ever data center to be certified as energy efficient. Here's how they did it and what Wall Street firms can learn from this project about being green.

How Not to Build a Wall Street Data Center
The dos and don'ts of state-of-the art data center design.

11 Steps to Data Center Design
Adaptivity CEO Tony Bishop explains how the right infrastructure aligns processing demands with resources.


Are Third-Party Smart Order Routers the Best Option for Options Investors?
Discount brokers rely on third-party options routers to achieve best execution. But optionsXpress raises concerns that market maker-provided routers present a conflict of interest.


Debate Over the Future of Mainframe Computing Rages On
Mainframe computers continue to play a central role in Wall Street data centers despite years of predicted demise. Now, some are forecasting the venerable machines are making a comeback, of sorts.


SEC Gives Financial Firms New Web Guidelines
In a groundbreaking move, the SEC has released guidelines for allowing companies to disclose information to investors solely through their Web sites -- so long as they comply with certain rules.


Scottrade Enhances Customer Service With WAN Improvements
With Qwest Communications' assistance, Scottrade has overhauled its wide area networking in support of branch expansion and, ultimately, improved customer service.


At CME, Krause Hands Over CIO Reins to Kometer
Former Chicago Mercantile Exchange CIO Jim Krause passed the reins to Kevin Kometer in June. The former and current technology leaders reflect on Krause's two decades of contributions, including the launch of CME Globex, and discuss current growth plans and challenges.


A "Slowdown in the Decision Making Process" for Tech Spending
The continuing effects of ongoing economic turmoil have begun to drastically change the way Wall Street firms are going about their business.


If Standards Aren't Established, Competition Will Decide a Pan-European Clearing Solution
Competition among pan-European trading platforms has highlighted the need for a clearing and settlement solution, but without movement from interested parties, the solution that arrives might not be the most elegant.


TowerGroup Warns That Without Innovation, Fee Revenue Processing Costs Will Skyrocket
If firms fail to innovate their methods to process fee revenue for managed accounts, their costs could jump from the current $20.6 million to $42.4 million by 2012, according to a new report by TowerGroup.

Urgent Need for Infrastructure Standardization for Unified Managed Accounts
UMA assets under management have grown to $127 billion, and investor managers and sponsor firms are projecting an increase to $355 billion in the next five years, according to a new report by Dover Financial Research.

Outsourcing Provides New Opportunities for Trust Industry
To increase profitability and improve the client value proposition of the trust departments, banks can turn to operations outsourcing and investment management outsourcing, according to a new report by Celent.

Asset Managers Can Optimize Profitability With Smarter Client Segmentation
Firms should use smarter segmentation techniques, and use existing data in a more creative, resourceful way, according to a new report by kasina.

TABB Group Forecasts Monthly Novation of Credit Default Swaps (CDS)
TABB Group says trades to exceed $45.2 trillion by 2010 and novation rate growing at 88% CAGR. Major sell-side dealers to spend nearly $170 million in 2010 automating the affirmation process.


Corvil Unveils Newest Latency Monitor
Product designed to meet analytical requirements of high-frequency electronic trading.

Linedata Services Enhances Reporting Package
Package will be available for both LongView Trading Order Management System and Linedata Compliance.

VeriSign Unveils Real-Time Protection Against "Pump and Dump" Fraud
The VeriSign Identity Protection (VIP) Fraud Detection Service Stock Trading Module protects traders at the transaction level, by tracking behavior specific to stock trading scams.


Former Lehman EVP Jon Beyman Joins Citi's Institutional Clients Group
Beyman becomes managing director of Citi's ICG, and will be responsible for global operations and technology.

Former Eagle Investment Systems Exec Scott Hillyer Joins Omgeo as Managing Director
Hillyer brings over 21 years of expertise to Omgeo's leadership team.

Karl D. Cooper Becomes New CRO of NYSE LIFFE
NYSE Euronext futures exchange taps Barclays Capital's former global head of prime services compliance for regulatory role.


Keeping Tabs: Industry Moves and Appointments
London Stock Exchange appoints Self; BIDS names Maese; De Mare joins Merrill; CLS Bank taps Rutherford; O'Toole promoted.