Wall Street Letter VOL. XLVI, NO. 7 - July 2014 | Page 15

JULY 2014

local office, he told WSL at the site of
the SIFMA Tech conference that was
held in New York City last month. The
move reflects a concerted attempt to
grow the US business more, he said.
“In the past we had four to five
people doing research, but we thought
we should have a local presence here
to provide more system solutions and
support for financial institutions in
the US,” he added, noting NRI has
grown the New York office to nearly
15 people.
The move follows the trend of
Japanese financial companies looking
to become more global,which, in
many cases, has taken place through
acquisition.
Yokokawa said that has resulted in
the need for access to platforms that
will allow them to analyze their businesses globally, ideally using a single
platform.
For the remainder of the year,
Yokokawa said the firm will attempt
to show its ability to be a partner for
firms in every way.
TECHNOLOGY

Linedata to offer
more widget
capabilities
French service provider Linedata
plans to create widgets for its portfolio
management and compliance capabilities following the widgetization of the
Linedata Trader+ platform, according
to Linedata execs.
The process is expected to take two
years, according to Bob Procter, vice
president of front and middle office
asset management products.
“As we add features they will
become part of a compartmentalized
program that allows our clients to pick
and choose a function from a widget
library similar to an app store to plug
in at any time without having to upgrade or regression test,” said Procter.
The reception of the apps has led to
the company creating widgets across

its buyside offerings so clients can
easily bolster their Linedata platform
to the strategies they are running,
according to Gene Mitchell, product
manager of Linedata Longview.
“Over the next two years we are
going to be rolling out more and more
capabilities to the point where the
entire platform and all product suites
will be widget-based and clients can
pick and choose different widgets to
personalize their user interface,” said
Mitchell.

is increased interest stemming from
buyside firms, she said. That interest
has kick started FIX to begin tailoring
messaging capabilities, Quinn noted.

TECHNOLOGY

Business continuity planning among
financial firms will likely start to focus
outward as technology and security
executives target vendor preparedness, according to comments from one
executive at the Depository Trust &
Clearing Corp.
David LaFalce, the DTCC’s global
head of business continuity, crisis
management and location risk at the
Depository, told attendees at this
month’s Telecom Exchange conference
in New York that resilience is a key
concern for financial firms that plan to
stay in the New York City metro area.
He noted the focus is the 4.0 version
of business continuity management for
firms that had their first, second and
third wake-up calls after the terrorist attacks of September 11, 2001, pandemic
scares in the 2004 to 2007 timeframe,
and issues following Hurricane Sandy
in New York in the fall of 2012.
“You’re going to see guys who
run vendor risk programs at a lot of
the financial firms sitting down with
[telecom carriers]