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Operations & Technology

Tool Signals When Funds Beat Cash - Or Vice Versa

January 31, 2012 - Investment Guidance Solutions introduced a software tool for mutual fund investing, that gives asset managers buy or sell signals based on whether it is better to be invested in a specific fund or in cash.

Fidelity EVP: 'Investors Frozen in Headlines'

January 31, 2012 - Fidelity Investments Institutional Services has been rebranded as Fidelity Financial Advisor Solutions. Lynne A. Goldman, executive vice president of investment product management and marketing, talked with MME about how the business helps advisers help investors.

SEC Doesn't 'Like' Facebook

January 30, 2012 - Will the recent SEC alert chill the use of social media by asset management firms? Or simply put it on ice?

Fund Transfer Instructions Being Faked, FINRA Says

January 27, 2012 - Investors are to guard against a two-step process where “fraudsters” gain access to their email accounts and then instruct the firms involved to transfer money out of their brokerage accounts.

'Offshore Shams' Abet Mutual Fund Speculation in Commodities, Senator Says

January 26, 2012 - The head of the Senate Permanent Subcommittee on Investigations called Thursday for an end to private letter rulings from the Internal Revenue Service which have “essentially opened the floodgates” for mutual funds to speculate in commodities from offshore tax havens such as the Cayman Islands.

State Street Uses Cloud to Help Create ETFs

January 24, 2012 - State Street Corporation said its exchange-traded fund service, Total ETF, will use cloud-based technology to fully automate the development and management of a fund from basket creation through to trade processing and settlement.

Facebook Now Firsthand Technology Value Fund’s Largest Social Networking Investment

January 23, 2012 - Firsthand Technology Value Fund announced that Facebook is now its largest holding, representing more than 5% of the fund’s net assets.

Investor Tablets to Get BNY Mellon Portfolio Analytics App

January 11, 2012 - Retirement plan clients can now get on-the-go portfolio analytics from BNY Mellon’s new iPad app, P Mobile Dashboard.

NYSE Euronext Trading Volume Drops 10.6% in U.S.

January 10, 2012 - NYSE Euronext U.S. stock volume declined 10.6% in December. Meanwhile, trading volume gained in European stocks, as well as futures and options contracts, the operator of the New York Stock Exchange said. In Europe, NYSE Euronext handled 1.3 million transactions during the month, a 9.0% increase against December 2010, but down 19.9% from November 2011 levels. …

Advisers Plan to Boost IT Spending for Customer-Facing Tools

January 5, 2012 - Advisers seeking better client communication tools are likely to have their wish come true, according to a new report from Celent.

12 Predictions for '12

January 3, 2012 - Sister publication Securities Technology Monitor gives 12 predictions for financial IT in the coming year.

Top 10 Financial IT Stories of 2011: Mergers, Milliseconds & Snafus

December 29, 2011 - Sister publication Securities Technology Monitor reviews the amazing advances in financial IT in 2011.

Treasury Bonds Go Digital

December 28, 2011 - Online savings bonds will save taxpayers $120 million over the next five years, the U.S. Department of the Treasury said.

Volatility Brings Risk Management Into Sharp Focus

December 19, 2011 - Market volatility is pushing fund managers to look for robust investment risk management systems, says a report from financial consultancy Celent. Yet they still have a long way to go because analysis of investment risk has been highly manual, inconsistent and decentralized.

Proposed Customer Recordkeeping Rule: Overkill

December 19, 2011 - A new rule proposed by FINRA to help carrying and clearing firms transfer customer accounts if they go bust will be too cumbersome and costly to follow, industry executives say.