Content tagged with Infrastructure posted in May 2013
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Structural Change In The Credit Markets
An 80-ton boulder that has only started to roll.
Broker Dealers to Comply with Canada's Regs on Automated Trading Risk Controls
Succession Systems said that Newedge deployed its software to check orders in real time before they are submitted to exchanges in Canada and the U.S.
How Can Firms Avoid the Next News Hoax? Voice Communication Over Automation
Voice communications can make all the difference between falling for a hoax and dodging it.
Key Banks, Clearing and Trading Firms to Support NLX
The likes of BNP Paribas, Newedge, DRW Trading and Getco Europe said they plan to contribute liquidity and open interest to Nasdaq OMX's NLX platform to create a competitive market for short and long-term interest rate derivatives.
Capital Markets: Managing Intelligence Optimization vs. Big, Diverse Data
The dialogue on big, diverse data has been changing in capital markets during the last few months, and for the better. Now firms are engaged in a process to harvest and exploit untapped knowledge, which is more about business insights or intelligence optimization -- BIO -- versus big data.
TIBCO Cloud Bus Integrates Cloud and On-Premise Applications
As financial firms transition to the cloud, a new application allows some data to be stored on premises while other data is stored in the cloud.
NasdaqOMX, LCH.Clearnet Gain Regulatory Approval to Launch NLX
NLX will offer a range of both short- and long-term interest rate euro- and sterling-based listed derivative products with clearing on LCH.Clearnet.
Citi Launches Open and Close Algos in Major Trading Tech Upgrade
Citi introduces new functionality that helps buy side clients participate in the key minutes around the opening and closing market auctions as well a redesigned order ticket and smart order router.
Mobility Meets BYOD: Trade U.S. Equity Options on Your iPhone or iPad
Eyeing U.S. options traders who need speed, startup iVerit is offering real-time mobile data and professional analytics to consumers of Apple mobile devices.
Newedge Joins LCH.Clearnet's SwapClear
The multi-asset brokerage and clearing firms said Newedge US and Newedge UK will utilize SwapClear, the major clearing service for interest-rate swaps.
Nomura Hires Senior Desk Analyst for Emerging Markets Group
Javier Kulesz will provide Nomura’s trading desk and institutional investors with his expert view on the macroeconomic forces affecting Argentina and Venezuela.
EU Dark Pools Regs Blast Buy Side
The proposed 5 percent cap on dark pool trading could have a sharp impact on asset managers who need the anonymity of unlit trading venues, say critics.
Czech Republic's RSJ Chooses KX Systems for Algo Trading
A big derivatives trader on NYSE Liffe and other derivatives markets, RSJ is using KX's high-performance database and language to collect and query vast quantities of data and to test models and strategies.
Making the Case for Automated FIX Certification
Manual certification of FIX connections is no longer an option as exchanges are phasing in automated processes to improve testing ahead of new regulatory guidelines.
CFOs Increasingly Cite Technology As Critical For Success
Big data, analytics and reducing IT maintenance costs are all priorities for CFOs, according to study.
Bloomberg's Chat-Based FX Trading Tool Attracts Citi, As Banks Reportedly Seek Chat Alternatives
Bloomberg announced IB Dealing, a new chat-based FX trading tool for subscribers with Citigroup as a client, amid reports that Citi and other Wall Street banks are building their own alternative chat platforms.
A Letter to Anadarko Regarding Its 'Flash Crash'
In response to shares of Anadarko Petroleum trading as low as a penny last week, Themis Trading raises questions to Anadarko about the stock's rapid descent in the context of the current market structure.
Barclays Commits to Reporting Volumes of Dark Pool
The investment bank confirms its plan to continue reporting volumes in its dark pool LX, on a monthly basis, following the decision by the No. 1 dark pool operator Credit Suisse to go dark.
Market Structure Drives the Buy Side to Seek New OMS/EMS Systems —Study
Buy side firms need sophisticated tools to navigate the market structure as well as analytics and connectivity to alternative trading venues, but cost pressures are an obstacle to upgrading their OMS/EMS platforms, according to Greenwich Associates' study.
Bloomberg Taps Former IBM CEO As Privacy and Data Advisor
Bloomberg announced that it hired Samuel Palmisano to serve as an independent adviser. Hogan Lovells, of Promontory Financial Group, and Clark Hoyt, of Bloomberg News, were also hired.
Bloomberg Snooping Scandal Prompts Reaction from Goldman
Wall Street firms like Goldman Sachs could look to reduce their reliance on the dominant data and analytics terminal in response to the firms' reporters being allowed to spy on customer data.
Code Red: Implement Controls to Protect Firm Twitter Accounts
As we move headlong into a world driven by instantaneous news cycles, firms should take a step back to evaluate risks and set controls to prevent uncontrolled proliferation.
Arialytics Unveils Predictive Analytics Platform
Aimed at asset managers and hedge funds, the platform enables investors to test their investment ideas without getting bogged down in data sets and modeling.
Asset Managers and Hedge Funds Face Swaps Clearing Deadline
Buy side firms preparing for mandatory swaps clearing need to finalize selections of CCP and FCMs as well as onboard clients and test systems by June 10 deadline, according to Woodbine Associates' whitepaper.
Is Your Bloomberg Terminal Spying On You?
After Goldman Sachs discovered that Bloomberg journos were keeping track of their viewing habits over their Bloomberg terminals, traders have some decisions to make about the company that provides their market data, trading tools, IM and more.
You Can’t Tweet the Market Lower
Many financial reporters spoke about the market's vulnerability in the wake of the Associated Press Twitter hack, but the real story should have been the market's resiliency, as benchmarks returned right to where they were before the rogue report hit.
Welcome to the New Quants: Data Scientists
There's a lot of buzz around the role of the data scientist, which is wrapped up with Big Data and developing new approaches for analysis of financial markets.
EBS Direct is Live with 4 Liquidity Providers
Commerzbank, Goldman Sachs, J.P. Morgan and Morgan Stanley have completed trades on EBS DIrect, a new relationship-based disclosed liquidity service with streaming prices tailored to consumers.
Carrier Pigeon or Twitter Bird: The Evolution of Corporate Actions Messaging Efficiency
The next evolution of corporate actions processing is underway, with an end goal of providing straight-through processing for industry participants and reducing the risks and costs associated with manual processes — while increasing efficiency through messaging automation.
Big Data Could Transform Global Financial Markets
Analytics unlocked by big data technology could change the way that financial services firms do everything from asset allocation to customer service, according to a report from BNY Mellon.
Europe's MTS to Launch an E-Bond Platform for U.S. Institutions as Interest Heats Up
The European electronic fixed income marketplace will allow the buy side to directly access prices and execute European and U.S. government, agency, mortgage, and corporate bonds with major dealers.
DataArt Launches Free Form PF Software for Hedge Funds
As an alternative to licensing expensive software, DataArt is offering free Form PF software that simplifies the implementation of automated filings for hedge funds/investment advisers.
BATS Chi-Ex Europe Wins Recognized Investment Exchange Status in U.K.
The change in status will allow the pan-European MTF to compete directly with stock exchanges across Europe including the LSE and Deutsche Borse.
60 Percent of Derivatives Users Unprepared for Dodd Frank and EMIR —Study
The vast majority of corporate end users of derivatives are underprepared for compliance with both rule sets due to regulatory uncertainty, over cross-border swaps, according to a survey by Chatham Financial.
OCC Names BNY Mellon's Messinger to Board of Directors & 2 More
The equity derivatives clearing organization named three new members to its board of directors, including Craig Messenger who is head of trading and trading risk at BNY Mellon.
OpUSA Cyber Attacks: More Bark Than Bite
Hundreds of smaller sites hacked or defaced, but financial institutions, government agencies and companies reported little disruption.
Susquehanna Renews with SunGard for Compliance
Institutional broker dealer Susquehanna Financial Group extended its relationship with SunGard's Protegent as the firm’s platform for trading compliance of its institutional equities trading business.
Thomson Reuters to Launch China Interbank FX Rates via Eikon
Eikon will offer integrated real-time FX data from the China Foreign Exchange Trade System (CFETS), the official interbank trading and FX division of China’s central bank.
Bitcoin Joins the Academy of Other Financial Market Bubbles
While not as significant as bubbles in the housing market or Internet tech sector, the recent examples of bubbles in gold, Bitcoin and carbon are worth studying from a risk management perspective.
Taiwanese Bank Extends License with Fenics for FX Options System
Already a customer for 10 years, E.Sun Commercial Bank will extend its license of Fenics Professional in foreign exchange options to streamline procedures and gain functions such as volatility surface management.
Countering HFT Exclusives, CME-Nasdaq Launch Microwave Connectivity for Market Data
Citing customer demand, CME and Nasdaq are linking their Carteret and Aurora data centers to transmit market data over a microwave network in under 4.25 milliseconds, which is faster than fiber.
DTCC Sues CFTC Over Swap Data Repository Rules
The industry-owned utility is asking a federal court to overturn the CFTC's approval of rules allowing CME and ICE to run SDRs.
Markit Launches CLO Pricing Service
The service uses observable market data and models to offer a transparent approach to CLO pricing.
Where's the Next Bernie Madoff Hiding?
Wall Street isn't the only place the the next con man could be hiding; academia and other industries can also fall victim to data manipulation.
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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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