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News & Commentary
Content tagged with Infrastructure posted in February 2013
Data Opportunities: The Concepts Don't Change Over Time
News  |  2/28/2013  | 
Data volumes are growing and the technology is better, but the fundamental principles of data analysis remain the same.
London Mayor Says EU Bank Bonus Cap Helps New York, Singapore
News  |  2/28/2013  | 
London Mayor Boris Johnson lashed out at a European Union cap on bankers' bonuses on Thursday, warning that the move will shunt banking business towards Zurich, Singapore and New York.

CIBC Profit Falls 4 Percent on Lehman Brothers Charge
News  |  2/28/2013  | 
Canadian Imperial Bank of Commerce reported a 4 percent drop in quarterly profit on Thursday due largely to a C$148 million charge for a legal settlement with bankrupt U.S. bank Lehman Brothers.

Can the CFTC Execute on its Mission?
Commentary  |  2/27/2013  | 
The CFTC is on a mission to migrate interest rate and credit derivatives to transparent marketplace, fulfilling a role that is similar to what the first SEC Commissioner Joseph Kennedy did in the 1930s to revive equities, writes Andrew Waxman.
The Analytics Solution To Elusive Alpha
News  |  2/27/2013  | 
Unless you're consistently more lucky than good, using newer data analytics tools seems like your best bet at finding new alpha.
Wall Street Moving Toward a Mobile First Approach
News  |  2/27/2013  | 
The popularity of smartphones and tablets has many financial services firms building apps specifically for mobile devices, while desktop apps are becoming an afterthought.
StanChart in Talks to Buy Morgan Stanley India Wealth Unit—Sources
News  |  2/27/2013  | 
Standard Chartered Plc is in talks to buy Morgan Stanley's Indian private wealth management unit, which manages about $1 billion including loans, two sources with direct knowledge of the situation said on Wednesday.

Europe's Small Stocks Lure Fresh Cash, Set to Take Off
News  |  2/25/2013  | 
Shares in Europe's smaller companies are starting to attract fresh investors and should outperform larger firms this year as the continent's relative minnows belatedly felt the impact of central bank stimulus.

Mobility's Undeniable Benefits
Commentary  |  2/22/2013  | 
Mobile is becoming so pervasive that only after the mobile functionality is developed are firms thinking about how to apply that same functionality to desktop browsers.
Wealth Managers' Mobile Disadvantage
News  |  2/22/2013  | 
Sluggish adoption of the technology keeps financial advisers a step behind mobile-savvy customers.
Rebuilding Trust in Our Markets in the Year Ahead
Commentary  |  2/21/2013  | 
While regulators focus their efforts on automated or manual exchange-level risk management, firms should ensure that they have proper processes in place to manage risk from their own perspective in order to avoid the pain of repeating notable — and possibly avoidable — mistakes.
HFT Demise as the Precursor to Changes in the Markets Landscape
Commentary  |  2/21/2013  | 
As new marketplaces and business models emerge, the industry should be prepared for an entirely new wave of custom IT systems and applications.
4 Corporate Bond Electronic Trading Trends to Watch in 2013
Commentary  |  2/21/2013  | 
As corporate bond markets continue to evolve towards automation and electronic trading, iTB Holdings’ CEO Michael Chuang identifies some ongoing trends that will continue into the New Year.
Finding Alpha in the New Normal
Commentary  |  2/21/2013  | 
Adapting to the new normal of the equity markets, diversifying into other asset classes, and confidently managing the risks for healthy returns can be achieved by understanding, managing and analyzing data.
Forecasters Caught Napping by Pace of Currency Moves
News  |  2/20/2013  | 
Rapid moves in foreign exchange markets have sent strategists scrambling to revise 2013 forecasts as resurgent currencies outpace price predictions.
Thomson Reuters Adds Metals Analysis and Research to Eikon
News  |  2/20/2013  | 
Thomson Reuters integrates Thomson Reuters GFMS analysis to provide Eikon customers with access to research and forecast analytics for the precious and industrial metals markets
Fidelity Investments 2012 Profit Dips, Customers Flee Stock Funds
News  |  2/15/2013  | 
Fidelity Investments on Friday said profit in its financial services business dropped 29 percent in 2012 as customers pulled $24.4 billion from the company's actively managed stock funds.

EU's Financial Transaction Tax Stirs Up Controversy on Twitter
News  |  2/15/2013  | 
The EU's decision to push ahead with the financial transaction tax with support from only 11 countries, including France, Germany and Spain, triggered diverse viewpoints on Twitter.
AQR Picks Exegy for Low Latency Market Data, Feeding its Trading and Research Systems
News  |  2/15/2013  | 
AQR Capital Management will deploy Exegy's ticker plant and enterprise market data system in a colocation site to process foreign exchange, equities and futures data.
Gleacher Ends Search for a Buyer; Shares Slump
News  |  2/15/2013  | 
Shares of Gleacher & Co Inc lost more than a quarter of their value after the investment bank ended its search for a potential capital infusion or a buyer and agreed to sell its mortgage lending unit ClearPoint to Ocwen Financial Corp.

Buy Side Could Seek Alpha in Post-Trade Data
News  |  2/14/2013  | 
While the traditional focus has been on TCA and best execution, buy side firms can also add returns to the bottom line by reconciling their bills and contracts with brokers.
Data Center Operators Take On More Risk As Budgets Dive
News  |  2/14/2013  | 
Traditionally, budgets were very much a secondary consideration to resilience. Today, for data center operators, that may no longer be the case.
Is FTT heading for Wall Street?
News  |  2/14/2013  | 
Modeled after the European FTT effort, two U.S. senators have proposed a financial transaction tax on their home turf.
Morgan Stanley Lifts Risk-Weighted Asset Reduction Target
News  |  2/14/2013  | 
Morgan Stanley expanded its risk-weighted asset reduction target, a move that will help the Wall Street bank's capital levels under new rules and potentially boost shareholder returns.

Selerity Raises $3 Million from Top Financial Info. Execs
News  |  2/13/2013  | 
The likes of Tom Glocer, former CEO of Reuters, and Lee Olesky, CEO of Tradeweb, invested in Selerity's series B financing, which the company will use to accelerate development of its Alerts platform.
Thomson Reuters Revenue Outlook Disappoints
News  |  2/13/2013  | 
Thomson Reuters' revenue forecast for 2013 failed to impress Wall Street and the shares fell 3 percent, overshadowing bullish remarks from Chief Executive James Smith that his turnaround plan was gaining traction.

Anonymous to Goldman Sachs: Hack-y Valentine's Day!
News  |  2/12/2013  | 
The hacking group announced plans to take down the investment giant's Facebook and Twitter accounts and inundate their offices with bogus phone calls. What, no candy?
Where's the Transparency in Order Routing?
News  |  2/12/2013  | 
Buy-side firms are diving below the surface to find out where their orders are being routed.
Europe Rebounds, But Greece Remains Awful
Commentary  |  2/12/2013  | 
Alexander Fleiss, chief investment officer for Rebellion Research, gives his insights on economic data from 52 countries.
Javelin Joins IPC's Financial Extranet for Connectivity to SEFs Under Dodd-Frank
News  |  2/11/2013  | 
As it prepares for new OTC derivatives execution rules, Javelin Capital Markets joined the IPC Connexus' network to help its clients capture liquidity and seek best execution under Dodd-Frank.
Canada Wealth Managers See Shift to Equities in 2013
News  |  2/11/2013  | 
Buoyed by rising global stock markets, Canadian asset managers are increasingly certain that 2013 will be the year that investors who were burned by the financial crisis make a return to equity-linked products.

Currency Sparks Rekindling Volatility
News  |  2/11/2013  | 
Sudden swings in currency rates are refiring measures of future global markets volatility, pushing these risk gauges back towards what some will see as more realistic and even healthier levels.

Quantopian Looks to Break Wall Street's Lock on Algorithmic Trading
News  |  2/8/2013  | 
The Internet startup has created a browser-based platform where anyone with a mind for quantitative finance can learn to code, backtest algorithms and share them with others.
Hedge Funds Trade on Ahead of Argentine Debt Showdown
News  |  2/8/2013  | 
Hedge funds are actively trading in Argentina's choppy markets ahead of its legal showdown with rebel sovereign bondholders later this month.

EU Agrees New Derivatives Rules, Stalls Again on Bank Capital
News  |  2/7/2013  | 
European Union lawmakers pressed ahead with new rules for derivatives on Thursday, helping the bloc meet one global pledge to make markets safer as it struggles to meet another on raising bank capital levels to diminish risk.

Beyond Cost-Cutting: Why Open Source Software Is Gaining Traction on Wall Street
News  |  2/7/2013  | 
Financial firms need to take an active role in adopting and governing OSS's broader usage, according to Black Duck Software's CEO.
Mexico Revamps Infrastructure to Compete on the Global Stage
Commentary  |  2/6/2013  | 
Latin America as a whole is demanding a lot of attention at the moment, but, argues Alice Botis, Head of Latin American Business Development at Fidessa, it’s critical to recognize the individual nuances of each country. Here, she throws the spotlight on Mexico.
Price Manipulation Risk – The Big Unknown
News  |  2/5/2013  | 
Despite efforts to strengthen controls, the Libor scandal and recent valuation problems with JP Morgan's "London Whale" trade point out that banks still have exposure to price manipulation risk.
NYSE Euronext to Cut Costs Ahead of ICE Sale
News  |  2/5/2013  | 
NYSE Euronext has pledged to reduce costs further to offset slower trading as it prepares for this year's planned sale to IntercontinentalExchange (ICE).

Dell to Go Private in $24.4 Bln Deal
News  |  2/5/2013  | 
Computer maker Dell Inc will go private in a $24.4 billion deal that also involves Microsoft Corp and private equity firm Silver Lake, the parties said on Tuesday.

Stock Rally Tempers Hedge Funds' Negative Bets
News  |  2/4/2013  | 
Hedge funds are trimming outright negative bets on stocks in favour of a strategy more suited to a rising market but which could still make a profit if the rally falters.

Legg Mason Reports Quarterly Loss, CEO Search Progress
News  |  2/1/2013  | 
Legg Mason Inc reported a quarterly loss on Friday on charges for impaired assets and continued outflows from its equity and bond funds, and said it should name a permanent chief executive soon.

UK's RBS to Get Libor Punishment Next Week - Sources
News  |  2/1/2013  | 
Royal Bank of Scotland will next week agree a settlement with U.S. and British authorities for its part in a global rate rigging scandal, sources familiar with the situation told Reuters.

Money Manager Franklin Profit Grows 7 percent, Shares Up
News  |  2/1/2013  | 
Money manager Franklin Resources Inc , which runs the Franklin and Templeton funds, said Friday its quarterly profit grew 7 percent, beating analysts' expectations even as additional investments from customers slowed to a trickle.

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