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News & Commentary
Content tagged with Infrastructure posted in March 2013
Cyprus Says Threat Contained, No Plan to Leave Euro
News  |  3/29/2013  | 
The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro, in a speech laden with criticism of Europe's currency union for "experimenting" with the island's fate.

Commission Considers Good and Bad of British Banking
News  |  3/29/2013  | 
The Archbishop of Canterbury has spent the run up to Easter contemplating the ethics of the trading floor and ways to curb greed in the City of London.

BlackBerry Posts Surprise Profit, But Subscriber Base Down
News  |  3/28/2013  | 
BlackBerry reported a surprise quarterly profit on Thursday and said it shipped 1 million of its all-new Z10 smartphones in the period, but the company has yet to convince some investors that its turnaround plan is succeeding.

Industry Underprepared for OTC Derivatives Trading and Market Regulation
Commentary  |  3/27/2013  | 
Firms must realize that connectivity to SEFs and the various other OTC derivatives execution venues will be critical -- for both regulatory reasons and for getting ahead of the competition.
Wall Street Retreats on Euro-Zone Concerns
News  |  3/27/2013  | 
U.S. stocks dipped on Wednesday as soft demand at an Italian debt auction kept concerns about the financial stability of the euro zone at the center of investor focus.
Canada's Top Six Banks to Get Capital Surcharge as of 2016
News  |  3/26/2013  | 
Canada's banking watchdog said on Tuesday it sees the country's six largest banks as being of systemic importance to the domestic economy and that it will make them keep 1 percent more capital on hand starting January 2016 to protect them from financial disruption.

Bonaire Software Releases Revport for Invoice Reconciliation
News  |  3/26/2013  | 
The software enables fund managers, fund distributors and fund administrators to simplify and automate the process of reconciling invoices from different intermediaries.
JP Morgan and Heuristics – Lessons from the Whale
Commentary  |  3/26/2013  | 
JP Morgan's decisions in handling the London Whale incident can be traced to a series of cognitive biases and limitations, writes Andrew Waxman, who analyzes bank executives' responses based on the work of psychologist Daniel Kahneman.
Markit Launches Clearing Certainty Hub for OTC Derivatives
News  |  3/25/2013  | 
Buy side firms, regional banks and other firms that execute OTC derivatives through FCMs will have a consolidated view of available credit among multiple clearing venues.
Citigroup Spinout Napier Park Picks Infrastructure Provider
News  |  3/25/2013  | 
In the wake of its spinoff from Citigroup as an internal hedge fund unit, Napier Park Global Capital chose Options' infrastructure-as-a service offering as its technology platform.
Instinet Announces Asia-Pacific Organizational Change
News  |  3/22/2013  | 
Shaun Bramham is named head of Instinet's Asia-Pacific business, succeeding Glenn Lesko who is returning to the US.
Cyprus Ruling Party Says Close to a Solution on Bailout Crisis within EU Rules
News  |  3/22/2013  | 
A solution to Cyprus's bailout crisis within the framework set down by the European Union may be possible within "the next few hours", the deputy leader of the island's ruling Democratic Rally party said on Friday.

Captrust Financial Advisors Deploys Linedata Front Office Suite
News  |  3/21/2013  | 
The wealth management firm will manage its institutional equity and fixed income business through Linedata's consolidated platform covering portfolio management, trading, pretrade compliance and reporting.
World's Largest High-Rise Data Center Opens in Downtown New York City
News  |  3/21/2013  | 
At 1 million square feet, Sabey Corp.'s data center at 375 Pearl Street will provide data infrastructure services to New York's growing high-tech sector.
ECB Gives Cyprus Bailout Ultimatum, Banks Face Cutoff
News  |  3/21/2013  | 
The European Central Bank gave Cyprus until Monday to raise billions of euros to clinch an international bailout or face losing emergency funds for its banks and inevitable collapse.

Regulator Finds Flaws in Deutsche Bank's Libor Supervision
News  |  3/21/2013  | 
German markets watchdog Bafin is set to tell Deutsche Bank of "organisational flaws" in how it supervised its contribution to the setting of inter-bank lending rates at the heart of the international rate-rigging scandal, sources familiar with the watchdog's investigation said.

Options Market Structure: Is it Getting Too Complex?
Commentary  |  3/20/2013  | 
With the number of U.S. options exchanges soon to be 12 by the end of the year, experts are concerned about complexity, fragmentation and rising technology costs amid lower volumes.
European Shares Recover as Market Eyes Cyprus Compromise
News  |  3/20/2013  | 
European shares broke a three-day losing streak on Wednesday as investors bet on policymakers finding a fix for Cyprus bailout problems, although some traders cautioned against buying up equities at current levels.
Funding the Bad Guys – Winning the AML Battle
Commentary  |  3/19/2013  | 
Successfully preventing terrorist networks and drug traffickers from utilizing the financial system to launder money will require greater cooperation between banks and law enforcement.
Cyprus Aims to Let Small Savers Out of Deposit Tax; Veto Still Likely
News  |  3/19/2013  | 
Cyprus's government proposed on Tuesday to spare small savers from a divisive levy on bank deposits but said it expects parliament to reject the measure, needed to secure an international bailout and avoid default and a banking collapse.

Big Banks on Track to Meet Basel Capital Rules Ahead of Time
News  |  3/19/2013  | 
The world's top banks have made big strides towards meeting tougher capital rules several years before full compliance is required, global regulators said on Tuesday.

Capital Markets Cloud Adoption: Food for Thought or Empty Calories?
Commentary  |  3/19/2013  | 
NASDAQ OMX conducted a survey of 44 capital markets firms and technology providers in February 2013, to determine cloud adoption rates, activity and existing concerns inhibiting adoption.
Regulators Not Prepared for Financial Services Cloud and Mobile Adoption
News  |  3/19/2013  | 
Panelists at ISITC forum discuss the role of social and mobile in the financial enterprise, but lament regulators' lack of guidance.
Ratings Agencies Come Under Fire from EU Watchdog
News  |  3/18/2013  | 
The European Union's markets watchdog has criticised the world's top three credit ratings agencies for a lack of transparency over how they evaluate banks and demanded more robust internal reviews of their methods.

HFT Has Run Its Course In The U.S. Equity Market
News  |  3/18/2013  | 
High-frequency trading has blown through the business life cycle stages in five short years and is already on the decline.
LME Joins TMX Atrium Community
News  |  3/18/2013  | 
The world's leading non-ferrous metals exchange has become part of TMX Atrium's community, to gain access to investors involved with electronic, multiasset trading.
Torstone Technology Rolls Out Systems Upgrade for FTT
News  |  3/13/2013  | 
The derivatives software provider said the taxation logic within Inferno has already been applied for the French and Italian FTT and can be adapted on the fly as regulations are clarified and other countries needs are defined.
Best Practices: Hedge Fund Network Security
Commentary  |  3/12/2013  | 
To maximize network and data protection, investment firms should abide by these best practices for maintaining a secure environment.
Options Expands FX Connectivity for Quant Trading Firms
News  |  3/12/2013  | 
In response to customer requests, Options expanded connectivity to global FX markets and brokers from the NY2 and NY4 New Jersey data centers, and also upgraded the fiber route between New Jersey and Chicago.
New Opportunities For Hedge Funds
News  |  3/12/2013  | 
The door has opened for hedge fund admins — who, with few exceptions, continue to enjoy a view of the fund’s entire investment book — to offer new services traditionally provided by their prime broker.
PT Schroder's to Go Live with Omgeo CTM in Indonesia
News  |  3/11/2013  | 
PT Schroders Investment Management Indonesia will use Omgeo's central trade matching services to communicate trade details with broker/dealer counterparies, while advocating post-trade automation to Indonesian broker community.
Twitter, Social Media are Fertile Ground for Stock Hoaxes
News  |  3/11/2013  | 
Prominent short-seller David Einhorn raised eyebrows last month when he popped up on Twitter to disavow that he had tweeted about Herbalife Ltd.

Mixed Reactions to Dow's Hitting a Milestone
News  |  3/8/2013  | 
This week, the Dow Jones Industrial Average surged past 14,000 for the first time since 2007, on the strength of corporate earnings and the Fed’s stimulus, but investors questioned the authenticity of the rally.
Swap Data Reporting: War Breaks Out
Commentary  |  3/8/2013  | 
The U.S. regulator's decision to allow CME Group to report swap transactions to its own repository has inflamed tensions with the DTCC, which has called the CME rule 1001 "anti-competitive."
Global Share Index Hits Highest Since June 2008
News  |  3/8/2013  | 
MSCI's world share index hit its highest level since June 2008 on Friday, lifted by an improving global outlook and prospects of highly supportive monetary policies remaining in place in most major economies.

Traders Bet on Earlier Fed Rate Hike, But QE3 Stays for Now
News  |  3/8/2013  | 
U.S. employers added more jobs than expected last month, boosting expectations the Federal Reserve may raise near-zero interest rates a bit sooner than expected.

February Continues Upward Trend in European Equities Trading Volumes
Commentary  |  3/8/2013  | 
Sector rotation, higher inflation and negative interest rates have retail clients thinking about their equity exposures -- and that is a good sign.
Lightspeed Adds Pairs Trading via Chronos Technologies
News  |  3/8/2013  | 
The electronic broker teamed up with Chronos Technologies to offer pairs trading to retail traders and institutions.
Forget Dodd-Frank, Watch Out for FTT!
News  |  3/8/2013  | 
As the Financial Transaction Tax gains momentum in Europe, the possibility that a broad-based tax could spread globally is not out of the question. But would it reduce liquidity and add to volatility?
A Stagnating Global Rebound
Commentary  |  3/7/2013  | 
While the US is showing signs of life, Europe remains flat and India is starting to slow.
Using Big Data to Combat Big Risk
Commentary  |  3/7/2013  | 
How can financial institutions identify traders who are taking undue risks or investment salesmen who are fronting a Ponzi scheme? Andrew Waxman provides some insight.
PHLX Picks BondDesk Prices and ATS for Executing in Treasuries
News  |  3/6/2013  | 
Nasdaq OMX partnered with BondDesk for providing real-time pricing to PHLX's newly launched options on U.S. Treasuries, and member firms will execute in the underlying bonds on the BondDesk ATS.
IT Spending Expected To Grow 5% In Financial Services
News  |  3/6/2013  | 
A new IDC report shows that as the economy stabilizes, financial firms will spend more on technology in 2013.
LCH.Clearnet Sees Surge in Buy Side Activity
News  |  3/5/2013  | 
In the run up to Dodd Frank's March 11 deadline for mandatory central clearing,LCH.Clearnet experienced a record month in February, clearing over $22 trillion notional interest rate derivatives for 73 buy-side clients.
Keeping Faith as Crisis Rumbles Again
News  |  3/1/2013  | 
The global financial crisis is clearly far from over but few long-term investors feel we are back to square one either.

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