Content tagged with Data Management posted in January 2013
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Mandatory Electronic Exchange: Determining the Right Market Model for OTC Derivatives
While global derivatives regulations are in various stages of implementation, there is a concern that moving bespoke swaps from low-tech, high-touch, bi-lateral voice transactions to multiple trading venues could harm liquidity, according to consultants at Sapient Global Markets.
Pimco's Gross Calls US Economy 'Supernova' on Path to Extinction
Bond guru Bill Gross of Pimco warned on
Thursday that the U.S. economy has become too credit-reliant and
is requiring more and more government stimulus to produce
ever-diminishing rates of growth, much like Japan has
experienced over the past decade.
Deutsche Bank Swallows $4 Bln of Charges for Clean Up
Deutsche Bank
plunged to its worst quarterly loss in four years on Thursday
after it took nearly $4 billion in charges to try and draw a
line under a slew of scandals and boost its balance sheet
without asking shareholders for cash.
The Hedge Fund Transparency Challenge
As hedge funds face an onslaught of financial regulations and data reporting requirements from regulators and investors, they're scrambling to aggregate data and calculate risk metrics.
Chinese Investment Bank Builds Algo Strategies for Retail Customers, Taps Progress Apama Platform
Citing demand from high-net worth retail customers, China Merchant Securities is providing eight common strategies for equities and equity derivatives, and plans to expand the offering to institutional clients in the future.
Dell Founder May Control PC Maker After Buyout-Bloomberg
Dell Inc's founder and
chief executive may pay as much as $1 billion out of his
personal fortune to assume control of the world's No. 3 PC maker
in a leveraged buyout, Bloomberg News reported on Wednesday
citing people familiar with the matter.
Fidelity Contrafund Cut Apple Stake 3 Pct in December
Portfolio manager Will Danoff,
whose $85 billion Fidelity Contrafund is the largest active
shareholder in Apple Inc, trimmed his holdings in the
maker of the iPhone by 3.1 percent in December.
Nasdaq OMX to Combine Global Data and Index Businesses
Exchange operator looks to combined unit for data distribution and product innovation as a revenue opportunity.
U.S. Probed Media's Handling of Economic Data — Source
U.S. law enforcement
authorities conducted an investigation into whether media
companies facilitated insider trading by prematurely releasing
market-sensitive government data, but decided not to bring
charges, a source familiar with the probe said.
RBS Close to Libor Settlement with U.S., UK Authorities - WSJ
Royal Bank of Scotland Group is
close to a 500 million pounds ($785.32 million) settlement with
U.S. and British authorities over claims that some of its
employees submitted false Libor rates, the Wall Street Journal
reported, citing people briefed on the negotiations.
Video: The Future Of Data Management
Larry Tabb of TABB Group recently discussed with WS&T senior editor Melanie Rodier how firms are adapting their data management processes to the post-financial-crisis environment.
Buy Side Needs to Assess Readiness for Derivatives Regs
With mandatory clearing of derivatives set to begin on March 13, Woodbine Associates provides a checklist for buy-side firms to assess their readiness for new derivatives regulations, including clearing, execution venues and pre-trade analysis.
The Kyte Group Goes Live with AlgoSpan
Futures commission merchant The Kite Group is tapping AlgoSpan for low-latency infrastructure and access to European exchanges/MTFs, to meet the demands of HFT clients and hedge funds.
Bank of America Begins Moving $50 bln of Derivatives to UK - FT
Bank of America has begun
moving $50 billion of derivatives out of its Irish-based
operations into its British subsidiary, The Financial Times
reported on its website on Sunday, citing people close to the
operation.
Hedge Funds Jostling to Bet Against France's Peugeot
Hedge fund short-sellers have
hoovered up nearly all available shares in Peugeot in
their scramble to bet the French carmaker will be an early
victim in an industry struggling to overcome a collapse in
European sales.
Market Ebullience Due a Reality Check
Only four weeks into the new
year, ebullient world stock markets have clocked up gains of
more than four percent, so already there are murmurs about
whether it's too much, too soon.
Italy's Monti Calls for Investigation of Monte Paschi Scandal
Italian Prime Minister
Mario Monti called on Friday for an immediate investigation of a
widening scandal at Monte dei Paschi di Siena over the historic
bank's losses of nearly $1 billion in a series of complex
derivatives deals.
Janus Earnings Beat Street, But Fund Outflows Continue
Asset manager Janus Capital Group Inc
posted higher-than expected fourth-quarter earnings on
Thursday, but customers continued pulling cash out of its funds.
ConvergEx to Sell OMS/EMS Platforms to TPG Capital
The brokerage firm signed a definitive agreement to sell its popular software business consisting mainly of Eze Castle Software and RealTick to a private equity firm, TPG Capital, which will "create two optimal businesses," the company said.
Re-Thinking Operational Risk on Wall Street
With no let-up in the flow of operational risk accidents at major banks, firms are hiring more seasoned experts and throwing more resources at the function. But more work needs to be done.
TD Ameritrade Q1 Profit Falls But Assets Soar
TD Ameritrade Holding Corp said
quarterly net income fell 3.4 percent from a year earlier but
beat analysts' expectations on record new assets from clients.
FX Models Resurrected as Markets Emerge from Cisis Mode
Computer-driven funds are seizing
on signals suggesting the herd-like "risk-on/risk-off"
investment behaviour that has dominated currency trading since
2010 is fading.
Morgan Stanley Wealth Unit Fuels Jump in Profits
Morgan Stanley
executives made good on their promise to reap earnings from the
bank's burgeoning wealth management business, reporting on
Friday that profit margins in the business soared in the fourth
quarter.
Silver Lake Hunts for Investors in Dell Deal — Sources
Silver Lake Partners,
trying to finalize a bidding group to take Dell Inc
private, is in talks with the manager of Canada's pension plan
and other potential investment partners, people familiar with
the matter said.
Morgan Stanley Profit Lifted By Trading, Lower Pay Cost
Morgan Stanley's quarterly
earnings beat analysts' expectations by a wide margin on Friday,
helped by a big jump in trading revenue, and the bank said it
was ready to deliver better returns to shareholders.
Bloomberg Tradebook Partners with Hart Energy to Beef Up its Independent Research Offering
In an exclusive distribution deal with Bloomberg Tradebook, Hart Energy will create a new institutional energy research product aimed at buy side customers.
BlackRock Profit Jumps 24 Pct on Strong Equities Demand
BlackRock Inc, the world's
largest money manager, said on Thursday its fourth-quarter
profit rose 24 percent, bolstered by increased investor
confidence in global stock markets.
Citigroup Profit Hit by More Than $2 Bln in Charges
Citigroup Inc posted
$2.32 billion of charges for layoffs and lawsuits in the first
financial report under its new chief executive, Michael Corbat,
who cautioned that the bank needs more time to deal with the
problems it faces.
JPMorgan Slashes CEO Dimon's Bonus on 'Whale' Trade
JPMorgan Chase & Co's
board of directors cut Chief Executive Jamie Dimon's annual
bonus in half, citing the company's $6.2 billion "London Whale"
trading loss, the company said on Wednesday.
Funds Overweight Banks For First Time Since 2007: BofA Poll
Global investors turned
overweight bank stocks for the first time in six years in
January and boosted equity holdings to a two-year high, a survey
showed on Tuesday.
Q&A: JP Morgan Reveals Most Effective Risk Management Processes
JP Morgan's managing director of electronic execution, Neal Goldstein, recently sat down with WS&T to discuss how new FPL risk guidelines can address the financial industry's risk management pain points.
ParkRiver and MIK Team Up on Hedge Fund Compliance Solution
Hedge funds will turn to outsourcing providers to comply with new CFTC and NFA data reporting regulations, say ParkRiver and MIK.
ICAP Sells Stake in Traiana to Seven Investment Banks
ICAP has sold a stake in
technology unit Traiana to seven top banks in the latest example
of the world's largest broker partnering with clients on key
projects in a bid to retain their long-term support.
BATS Glitch is Latest to Highlight the Complexity of the Markets
The complexity of modern
markets means there are bound to be more events such as the
systems error that led to hundreds of thousands of trades being
executed improperly on BATS Global Markets over the past four
years, the head of the No. 3 U.S. equities exchange said on
Thursday.
BlackRock to Buy Credit Suisse ETF Business
BlackRock is to buy
Credit Suisse's exchange-traded fund (ETF) business
that will give the U.S. asset manager greater scale in Europe.
Short-Sellers Circle U.S. Stocks as Confidence Wavers
How durable is the Wall Street
bounce following last week's U.S. budget deal? Not very, some
speculators believe.
SunGard Acquires XSP, Beefing Up Corporate Actions
The acquisition of XciteckSolutionsPlus will add specific expertise in corporate actions processing to SunGard's capital markets business.
Numerix Updates Trade Capture App 'Portfolio' with Curve Modeling
The firm says the update will enable more accurate valuations for the mitigation of counterparty risk.
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Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.
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