Windows in Financial Services

FIX Protocol Ltd. is addressing the issues of skyrocketing market data volumes through a new data compaction methodology called FIX Adapted for Streaming, also known as the FAST Protocol.
At the FPL Electronic Trading Conference in New York in early November, the Market Data Optimization Working Group, which formed in 2004 and developed the FAST protocol, [...]

Insurance carriers’ underwriting departments have been slow to adopt technology. And a newly completed study conducted by Accenture working with the Chartered Property Casualty Underwriters Society (CPCU) has found that where underwriting departments have deployed new systems, the technology often creates more work, because only point solutions are available.
One of the problems, said Gail McGiffin, [...]

Thirty-odd years after Merrill Lynch launched its Cash Management Account (CMA) to sweep uninvested account balances into an interest-earning money market, Bank of America has come up with its own take on a sweep account. It has launched a savings program around its debit card that rewards clients for their purchases by helping them save [...]