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Articles from April 2006

Insurance: DBV-Winterthur Cuts Cost and Boost Performance with Storage Virtualization

DBV-Winterthur, one of the largest insurance groups in Germany, has centralized storage management with a storage virtualization system, and in the process saved money and improved performance. With an increasing number of users and applications, DBV-Winterthur needed to increase storage capacity and improve performance in its two computer centers.

Banking: SECU Turns to Corillian to Meet FFIEC Deadline

State Employees' Credit Union, the second largest credit union in the United States, has selected two of Corillian's fraud prevention products to comply with the Federal Financial Institutions Examination Council's end-of-year deadline for multi-factor authentication and to fight fraud.

Diawa SB Investments Chooses Charles River IMS with Japanese Characters

Diawa SB Investments Ltd., an asset manager with more than USD $31 billion in assets under management, has selected the Charles River Investment Management System to replace an order management system and several other tools from various existing local vendors. The tools from the Charles River IMS that Daiwa is implementing include portfolio management and modeling, order management and electronic trading, real-time compliance monitoring, and centralized management of trade matching, confirmation and settlement workflow.

Where Have All The Traders Gone?

Trading has become increasingly automated with the result that Wall Street has a lot fewer traders than it did a few years ago even while volumes are rising. But traders aren't going away. Richard Korhammer, CEO of Lava Trading, estimates the street has lost a third of its sell-side traders, yet volumes keep rising because trading has become so automated. Two factors have contributed to this shift, he added. Decimalization reduced spreads, which meant that traders were less profitable for their firms. Compression of commissions means that buy-side customers are paying less per share.