Outsourcing Trends on Wall Street: Changing Attitudes
When considering outsourcing vendors, it is important to analyze the intangibles — to look beyond cost, schedule and compliance. The right partner should be of comparable size; for mid-size buyers, global brands most often do not translate to quality.
Auditors Not Okay With Rampant Secure Shell Key Mismanagement
Software that provides a risk and compliance report for Secure Shell environments continues to show large-scale security violations across the industry. Auditors, who are also armed with the software, are not taking kindly to the old habit of leaving forgotten access codes lying around.
Are Banks Pushing to Weaken Dodd-Frank?
Goldman Sachs, JPMorgan and other top investment firms have had more meetings with regulators than with reform groups. Wanna bet what they were talking about?
Will the REAL OEMS Please Stand Up?
Many firms claim to offer an OEMS, yet there is no precise definition. Here are the top 10 features that an OEMS must have to qualify for the coveted moniker.
Document Risk: Taming the Paper Tiger
Thanks to new regulations - written more often in gray than black white - investment firms are suffering from document risk, or poorly archived documents and information. While it may not have the white-hot urgency of liquidity or credit risk, document risk is still a source of confusion for today’s firms. WST spoke with Mahesh Muthu, associate principal at eClerx, about the ways firms can stay ahead of their documentation dilemmas.
Is HFT Leveling the Playing Field?
As lawmakers look at high-frequency trading, firms continue to shave the time off of their trades. WST spoke with Azul Systems CEO Scott Sellers for his take on high frequency trading going forward. Is it still full steam ahead or are firms looking to back off?
3 Ways IBOR Can Improve Alpha
Buy side firms rely on real-time data to help traders increase alpha and better interact with regulators. If an investment book of record is the best solution to date, its greatest triumph may lie in the discussion it's sparked.
What's Inside the Buy Side's Survival Kit?
Adapt to change or face extinction, buy side firms are paying attention to the "investment book of record" or IBOR, along with crowdsourcing for alpha, while prioritizing compliance and post-trade cost savings.