Wall Street & Tech wrote recently about the effect that the release that the iPad Mini may have on Wall Street. The new Apple product has a smaller screen and a better camera and video recording-- all of which may be beneficial to those in the financial industry. Reporter Melanie Rodier wrote [Full Story…]
Big Iron Still Has Big Role on Wall Street
October 14, 2012 at 12:04 pm
Increased computing power may make personal devices smaller, but mainframe computers are still big in finance. “Big iron” is secure on Wall Street for at least two reasons. Mainframes easily handle the massive amounts of data crunching required for financial analytics. IBM’s latest mainframe [Full Story…]
Wall Street Struggles to Find Qualified #nyctech Talent
October 9, 2012 at 2:36 pm
Wall Street is in search of younger, skilled traders, which has driven up the compensation for these positions. According to the NY Post, the annual salaries for "black-box quantitative analysts starts at $1 million," while most quantitative analysts start at a base of $200,000. However, there [Full Story…]
NJ Brokerage Warns About High Frequency Trading
September 12, 2012 at 2:48 pm
Founders of the NJ-based brokerage firm Themis Trading are taking aim at the Wall Street practice of high-frequency trading. Their book, Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street are Destroying Investor Confidence and Your Portfolio, details how HFT rigs the [Full Story…]
Visible Market Creates Game-Like Stock Tracking App
August 15, 2012 at 4:33 pm
Jennifer Johnson co-founded NY-based Visible Market last year and created an app, Stock Touch, relaying real-time securities information in a game-like environment. Visible Market is currently creating software for institutional markets and StockTouch displays 1,400 stocks organized in nine [Full Story…]
Morgan Stanley Replacing Traders With Machines
August 14, 2012 at 8:04 am
Morgan Stanley is hiring programmers and tech specialists to help electronically trade bonds and handle client orders. This signifies part of the firm's effort to boost low returns in the business. Already, the ranks of interest-rate and foreign-exchange traders have been reduced by 10-20%. [Full Story…]
Big Wall Street Banks Producing Mobile Apps
August 7, 2012 at 8:02 am
Typically tech innovations have been driven by business and then adopted by consumers, however, mobile apps seem to be doing the opposite. The current rise of institutional apps produced by such companies as Goldman Sachs Asset Management, J.P. Morgan and Morgan Stanley is being driven by the [Full Story…]
Wall Street Meets Tech at FinTech Labs
August 3, 2012 at 11:03 am
Entrepreneur Tim Estes made a pitch at the beginning of a 12-week entrepreneur mentoring program called the New York FinTech Innovation Lab, and ended up hearing from Bank of America, UBS, Morgan Stanley and other top banks. The companies assigned to give him advice for tailoring his product to the [Full Story…]
Has Wall Street Soured on Blackberries?
July 5, 2012 at 4:01 pm
Though the Blackberry device was once the must have mobile phone of Wall Street executives, it seems that its standing might be in jeopardy, as RIM is delaying the release of Blackberry 10, which is expected to push the once powerful company even further from the top. The launch is expected to be [Full Story…]
NYSE and Xignite Partner to Create Web-Accessible Euronext Market Data
June 8, 2012 at 9:41 am
NYSE Technologies and Xignite, a eb-based market data provider, are partnering to launch a new service that gives access to real-time historical and reference market data for all NYSE Euronext markets via the Internet. According to Wall Street and Technology, this access is targeted towards [Full Story…]
High-Frequency Traders’ Sights Set on Microwave Dishes
June 3, 2012 at 2:03 pm
Trading firms are racing to build groups of microwave dishes to generate higher-speed links between financial markets in Chicago and NY, as reported by The Wall Street Journal. A majority of telecom traffic will have to travel between these regions, and the cellphone towers that run along the roads [Full Story…]
Goldman Sachs Joins Twitter
May 28, 2012 at 2:03 pm
Recently Goldman Sachs announced its official arrival to Twitter, as one tweet alone won the company 7,000 followers, and some mixed responses. Wall Street & Technology reported that one Occupy Wall Street protestor greeted Goldman with this simple tweet: "Welcome to Twitter.” The start of [Full Story…]
#FacebookIPO the Talk of Internet Week NY #IWNY
May 15, 2012 at 10:54 am
With Facebook's upcoming IPO this Friday, several Internet Week NY attendees weighed in -- including IAC chairman and senior executive Barry Diller, who said to Adweek, “I wouldn’t pay attention to [the stock] for several years.” But not everyone shares Diller's wait-and-see [Full Story…]
Henry Blodget: From Wall Street to the Blogosphere
May 13, 2012 at 12:04 pm
Former Wall Street analyst Henry Blodget became famous in 2003 after being banned from the securities industry. During his stint at Merrill Lynch, he was accused of delivering positive ratings on stocks to the public, and then disparaging them in his private emails. Since then, he has entered [Full Story…]
Twitter Defends User’s Privacy Over #OWS Subpoena
May 9, 2012 at 1:14 pm
After NYer and Occupy Wall Street protester Malcolm Harris recently lost the court battle over city officials attempting to procure months of old tweets regarding the Occupy Wall Street Brooklyn Bridge March, in which 700 protesters including Harris were arrested, Twitter has stepped up to the [Full Story…]
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