Content tagged with Data Management posted in February 2013
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Data Opportunities: The Concepts Don't Change Over Time
Data volumes are growing and the technology is better, but the fundamental principles of data analysis remain the same.
CIBC Profit Falls 4 Percent on Lehman Brothers Charge
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.
The Analytics Solution To Elusive Alpha
Unless you're consistently more lucky than good, using newer data analytics tools seems like your best bet at finding new alpha.
Finally the Right Time for Swap Futures
While swap futures in the past have not gained traction, the market environment today is ripe, as there is impetus for firms to adopt risk-equivalent, low-cost alternatives to cleared swaps.
Europe's Small Stocks Lure Fresh Cash, Set to Take Off
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.
Down Mexico Way
Market structure in Mexico leads the way for Latin American electronic trading with some serious new infrastructure and support for local institutional trading and north to south flow from statistical arbitrage.
Oracle Financial Services Introduces New Enterprise Model Risk Application
New product for model risk helps financial institutions meet regulatory demands.
Finding Alpha in the New Normal
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
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
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
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.
AQR Picks Exegy for Low Latency Market Data, Feeding its Trading and Research Systems
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
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
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.
Morgan Stanley Lifts Risk-Weighted Asset Reduction Target
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
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
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.
Thomson Reuters Eikon Sees 33% Installation Growth, But Revenue Outlook Disappoints
Thomson Reuters' revenue forecast for 2013 failed to impress Wall Street and the shares fell 3 percent.
5 Risk Indicators that Led to the Mortgage Mess
A civil lawsuit by the Justice Department against Standard & Poor's shines a light on faulty ratings. But savvy traders at Goldman and Paulson & Co. saw early warning signs of the mortgage crisis in 2006 and 2007.
Semantic Search Takes Thomson Reuters Eikon to New Levels
Eikon 3.0 offers geospatial analysis functionality and free-text semantic search capabilities that make performing complex financial analysis as easy as using a Google search box.
Where's the Transparency in Order Routing?
Buy-side firms are diving below the surface to find out where their orders are being routed.
Javelin Joins IPC's Financial Extranet for Connectivity to SEFs Under Dodd-Frank
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.
Asset Classes - What's the Difference?
Despite the naysayers, OTC derivatives and fixed income will move towards a unified, electronic trading model. In the future, trading systems won't be about asset classes, it will be about the availability of liquidity.
Canada Wealth Managers See Shift to Equities in 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
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.
Financial Firms Overhaul Data Management Strategies
As capital markets organizations focus on ways to reduce risk, data management is receiving a top-to-bottom makeover.
Quantopian Looks to Break Wall Street's Lock on Algorithmic Trading
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.
The New Old School
Given the complexity of today's market structure, regulatory matrix and trading technology, traders need to quickly assimilate a wide range of "Breaking News" topics and industry trends to keep pace with their core responsibilities: sourcing liquidity while minimizing execution costs.
Hedge Funds Trade on Ahead of Argentine Debt Showdown
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
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
Financial firms need to take an active role in adopting and governing OSS's broader usage, according to Black Duck Software's CEO.
Swaps Exchange Gears Up for Dodd Frank Mandates
Preparing to go live in 2013, trueEX LLC, a CFTC-regulated swaps exchange, chose Interactive Data Corporation's 7ticks global network for hosting and supporting its matching engine architecture.
Mexico Revamps Infrastructure to Compete on the Global Stage
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
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
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
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.
U.S. Banks' Commodities Revenue Drops by a Third - Consultant
Commodities revenue at top U.S.
banks tumbled by a third in the fourth quarter as tougher
regulation curbed activity amid lacklustre markets and sluggish
demand for hedging, consultancy Tricumen said on Tuesday.
Stock Rally Tempers Hedge Funds' Negative Bets
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.
The Buy Side Wants Transparency, So Get Ready for Big Data
Equity traders are concerned about how many "hops" their orders are taking in the electronic marketplace, so FIX message tags are a hot topic on the buy side.
Swap Dealers Go to Washington, Demand a Level Playing Field
Derivatives firms are concerned that lower margin levels and block trading thresholds will make futures cheaper and potentially hurt swap contracts.
Petabytes of Data? Analyzing Endless Data To Create Value
As the size of the data warehouse grows, Wall Street firms must invest as heavily in data analytics as they do hard disks.
Legg Mason Reports Quarterly Loss, CEO Search Progress
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.
Money Manager Franklin Profit Grows 7 percent, Shares Up
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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