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News & Commentary
Content tagged with Infrastructure posted in April 2013
And The Buy-Side Trading Technology Advantage Goes To....?
Commentary  |  4/30/2013  | 
In a world where trading alpha creates a competitive advantage, trading skills and acumen may be king, but trading tools are the great enabler and equalizer.
Finect Launches Network for Financial Industry's Social Media Needs
News  |  4/30/2013  | 
Enables financial advisors, asset managers and other professionals to create an online presence by using Twitter, LinkedIn and Facebook, while including tools to ensure compliance with the SEC/FINRA's guidelines.
Paladyne Systems Integrates Numerix; Licenses Source Code
News  |  4/30/2013  | 
Paladyne, a Broadridge Company, has integrated the Numerix Portfolio Risk into its front-office solutions to help its clients help manage risk across asset classes with the addition of Paldyne's reference data.
Differences Between Dark and Lit Trading
Commentary  |  4/29/2013  | 
Distinguishing between "dark and lit" trading venues in strategy discussions must consider the order size because small trades parsed algorithmically across venues have a different impact on information leakage than block trades.
Cloud Adoption Rapidly Gaining Speed in Financial Services
News  |  4/29/2013  | 
Many banks no longer want to run, support and maintain technology and prefer the speed and flexibility of cloud solutions.
CBOE Outage Forces Institutions to Scramble for Alternatives
News  |  4/25/2013  | 
A systems delay at the CBOE shutdown trading in the big stock index options contracts for three and one-half hours, raising questions about the safety of electronic markets.
Westport Capital Partners Files Form PF via Northpoint
News  |  4/25/2013  | 
A hedge fund manager focusing on real estate picked Northpoint's Form PF filing services to deal with all operational aspects from data collection to electronic submission.
Spreadsheet Risk – Should We Ban Excel?
Commentary  |  4/25/2013  | 
Apparent errors in an influential economic study by two Harvard Professors due to an Excel spreadsheet mistake is another reminder of the operational risks inherent in relying upon formulae hidden in obscure, nestled spreadsheets.
Paving the Way for European Regulatory Reform: An Evolution in Electronic Fixed Income
Commentary  |  4/24/2013  | 
There is no doubt that the regulatory reforms under way will change the way European market participants trade fixed income. Forward-thinking market participants should prepare for requirements relating to clearing, trade reporting, transparency, and regulation of trading venues, and certainly a move towards electronic trading.
Can Group Finance and Risk Management Get Along?
Commentary  |  4/23/2013  | 
There is renewed move to integrate finance and risk data at sell-side firms for cash optimization and, equally as important, transparency. So how can you get these two groups to cooperate to achieve a unified view?
Markit Upgrades Portfolio Valuations Service with VaR and Stress Testing
News  |  4/23/2013  | 
The data provider added risk and scenario analysis tools to is Portfolio Valuations Service.
Joseph Cangemi Appointed CEO of ConvergEx's UK Broker Dealer
News  |  4/23/2013  | 
Known for his knowledge of U.S. equity market structure, Cangemi will relocate to London to head ConvergEx’s European operations, while continuing as co-head of electronic equity trading and sales.
Bracing for Apple's Earnings Report, Academics React to Stock's Falling Price
News  |  4/22/2013  | 
Some academics are blaming the irrational exuberance of retail investors combined with the short selling of hedge funds for the decline in Apple Computer's stock price last week.
Mandara Capital Deploys Tbrick's Hosted Trading Service
News  |  4/22/2013  | 
A hedge fund specialist in crude oil and derivatives, Mandara Capital chose Tbrick's futures trading platform, powered by S&P Capital IQ's Quantlink and QuantFeed, to improve speed and to support inhouse development.
State Street's Q1 Revenues Up 1% As FX Trading Volumes Rise
News  |  4/19/2013  | 
The financial services company cited strength in equity markets, combined with higher volumes in foreign exchange trading, supported by fee revenues.
JP Morgan Forms Electronic Trading Management Committee
News  |  4/19/2013  | 
The new committee will share best practices in electronic and algorithmic trading across asset classes and make decisions on investments in systems for competitive advantage.
Infrastructure as a Service: Ignorance is not Bliss
Commentary  |  4/18/2013  | 
We asked respondents how their firm determines total cost of ownership (TCO) for their current infrastructure. Of the two-thirds who have no capability to determine TCO, my favorite response from them was, "Huh?"
Patent Issued to RealTick EMS for Staging of Electronic Orders
News  |  4/18/2013  | 
The U.S. patent was issued to Eze Castle Software Group for proprietary technology in RealTick EMS that allows traders to stage electronic orders in a neutral account without committing to a specific broker.
Estimize's Data Licensing Deal with Bloomberg Validates Social Finance
Commentary  |  4/18/2013  | 
The crowdsourced earnings estimates platform agreed to license its data for display on the respected Bloomberg Professional service, which is a sign that social finance is a growing trend.
Insider Trading Scandal at KPMG: A Belief in the Weakness of Enforcers
Commentary  |  4/18/2013  | 
Accounting firms should reinvigorate their training and controls regarding insider information because this is one area where enforcement works.
Linear Investments Selects TradingScreen's TradePrime
News  |  4/17/2013  | 
Hedge fund manager Linear Investments picked the multi-asset EMS, integrated with position management and OMS functionality, compliance and risk, all delivered via the cloud.
Corporate Bond Market Needs Price Discovery Overhaul —Report
News  |  4/16/2013  | 
As buy side firms scramble for liquidity in corporate bonds, a new report Tabb Group lays out the need for a new price discovery mechanism with new tools and pricing sources to replace traditional phone-based quoting.
Not Much Has Changed with the SEC’s New Social Media Clarifications
Commentary  |  4/16/2013  | 
While firms should acknowledge the SEC's new support for new communication technologies, not much will change about how they plan to share financial performance news.
FlexTrade Integrates EMS with OneMarketData
News  |  4/15/2013  | 
The integration with OneMarketData's single solution for complex event processing and tick data will enable users of FlexTrade's EMS to develop strategies based on real-time and historical data.
Bloomberg Unveils New Version of iPad App
News  |  4/15/2013  | 
A revised edition of Bloomberg Anywhere for iPad debuted today which includes access to Instant Bloomberg, advanced mobile charting and industry-specific dashboards.
Electronic Trading of FX Jumps in Asia from 38% to 45% — Report
News  |  4/15/2013  | 
Despite a slight slowdown in global FX trading activity last year, large numbers of institutions and companies in the U.S., Europe and particularly in Asia continued to adopt e-trading, according to Greenwich Associates research.
Nasdaq OMX FinQloud R3 Meets SEC/CFTC Regulatory Requirements, Say Consultants
News  |  4/15/2013  | 
Two separate studies of FinQloud's record keeping and record retrieval solution say the technology will meet stringent regulatory demands.
Once Swaps are in the Clearinghouse, the Real Work Begins
Commentary  |  4/12/2013  | 
This week trueEX said it plans to launch a service to provide termination, compaction, re-balancing and backloading to CME clearing clients.
So You Want to be a Billionaire?
Commentary  |  4/12/2013  | 
Founders of iBillionaire are offering a free mobile app to track the equity holdings of Warren Buffet and hedge titans like David Tepper based pulling data from their SEC filings. But, is this misleading the masses?
Explosive Data Growth Has Financial Firms Seeking Data Center Efficiencies
News  |  4/12/2013  | 
With 50% annual growth rates in data, financial services organizations are struggling to handle the volume. Some firms are turning to flash memory to improve efficiency and lower costs.
MLK Embeds Risk Analytics from Portfolio Science
News  |  4/11/2013  | 
Hedge funds using MLK Solutions's data warehouse can access a customizable suite of integrated risk calculations from PortfolioScience across funds, portfolios, sub-portfolios, and individual positions.
Nasdaq, CME Building Superfast HFT Link
News  |  4/11/2013  | 
High-speed traders are going to see new boost in their market information rates thanks to a straight line of microwave towers between CME’s datacenter in Illinois and Nasdaq’s in New Jersey.
Financial Services Specific Cloud Offerings Continue to Increase
News  |  4/10/2013  | 
More service providers are offering cloud solutions tailored for financial firms, as costs drop and regulatory concerns are addressed.
S&P Dow Jones Licenses 3 New Credit Spread Indices to trueEX
News  |  4/10/2013  | 
Electronic swaps exchange trueEX will create futures contracts based on the independently managed and calculated indices, and will be the first regulated exchange to offer exposure to corporate credit spreads.
Struggling HFT Firms Focus On New Technologies
News  |  4/9/2013  | 
High-frequency trading firms face declining profits and increased scrutiny. But microwave and other new technologies are helping keep them in the game.
Nasdaq OMX Enhances UltraFeed
News  |  4/9/2013  | 
Nasdaq OMX's UltraFeed now includes U.S. equity market depth data from Nasdaq, NYSE Euronext, Direct Edge and BATS exchanges combined into a single feed. .
LULD Into a False Sense of Security?
News  |  4/8/2013  | 
Rosenblatt Securities' Justin Schack discusses Limit-Up-Limit-Down and the Removal of NYSE LRPs.
Bank Leumi Chooses Calypso As Cross-Asset Platform
News  |  4/8/2013  | 
One of Israel's largest banking corporations, Bank Leumi, will utilize Calypso's front to back office platform for cross asset class support, including interest rate derivatives.
Over 80 % of Investment Managers Grapple with Cost of /Benchmark Data —Survey
News  |  4/4/2013  | 
A survey of 51 investment managers by RIMES, a financial data provider, found that index and benchmark data has become "integral" to a number of buy-side department but that cost is difficult to manage.
Nasdaq's eSpeed Acquisition Gets Pro and Con Reactions
Commentary  |  4/3/2013  | 
The exchange operator's plans to acquire the electronic trading platform for U.S. Treasury bonds and notes raised concerns with analysts at credit rating agencies. But the move will also diversify Nasdaq away from stocks into fixed income products.
Bloomberg PolarLake Adds Fitch Credit Ratings Data
News  |  4/2/2013  | 
Adding Fitch Data to Bloomberg PolarkLake's Enterprise Data Management Solution will give financial institutions an independent view of long-term credit risk to support risk management and regulatory reporting.
A Flight to Safety: Making Sense of Markets
News  |  4/2/2013  | 
US equity markets soared to new highs in March, while the conflict in Cyprus raised concerns that led investors to flee the eurozone and seek safety in US credit and debt markets, writes Michael Levas,, CEO of Olympian Capital Management.
Estimize Looks to Tap the Wisdom of the Buy Side Crowd
Commentary  |  4/2/2013  | 
An Internet startup is challenging the traditional Wall Street earnings estimates model by reaching out to asset managers and hedge funds to build a buy-side consensus.
How To Play The Scale Game Successfully
News  |  4/2/2013  | 
As permanent and profound changes to the trading environment affect market participants, firms’ ability to scale effectively will increasingly depend on a changing and more intelligent relationship with technology.

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