Content posted in August 2014
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Hedge Funds Raise the Urgency Level on Cyber Security
Hedge funds are bracing for SEC exams on cyber security preparedness in 2014, but do they need a chief information security officer?
Russian Hack Attack on Banks: Is This the Big One?
JPMorgan Chase and at least four other US banks have been hit by a series of coordinated attacks on account information. Was it inevitable?
Why Settle for Less in the Front Office?
Recent research shows that sell-side firms are less than satisfied with their order management system (OMS) technology. Many front offices, however, continue to make do with their current solutions. Are they selling themselves short?
SmartStream Hires Industry Veteran to Head Transfomation Services
SmartStream tapped Tom Dalglish, an industry expert on reference data initiatives, to spearhead its back-office transformation services for global clients.
BYOD Policy: Don't Reinvent the Wheel
Financial firms still feel overwhelmed by BYOD risks and challenges. But these can be addressed by a good policy, and the guidelines are already out there.
The BYOD Challenge
Having a policy in place to manage mobile devices used by employees for work purposes is necessary in this current day.
Getting Onboarding Right in the Age of the Customer
Disparate “Frankenstein” systems slow down the onboarding process and impede customer service, says Pegasystems.
Performance Monitoring Key to Smooth Infrastructure Modernization
As banks consider how to shift infrastructure and storage solutions, they can’t afford to lose visibility into performance.
Enterprise IT Swings Back to Insourcing
Insourcing is becoming more common as businesses try to leverage newer technologies and tools to create business opportunities.
Accuracy in the Financial Data Supply Chain
Some of the best-practices from the retail world’s physical supply chain, including data standards and visibility, can be leveraged for efficiency in financial services.
Business Continuity 2.0: We’re Gonna Need a Bigger Boat
What would happen with a long-term outage to financial systems or the nation’s critical infrastructure? Businesses aren’t even close to being prepared.
Using RPA in Banking to Streamline Development
As the returns on outsourcing decline, firms are looking for other ways to increase efficiency and reduce costs in the IT organization. Robotic Process Automation may help.
SEC Vote Is Drama for the Masses, With No Happily Ever After
All of them hoped it would never come to this.
SEF Consolidation Likely as Volumes Slowly Increase
With 21 swap execution facilities, and slowly increasing volumes, the marketplace is perfect for consolidation.
Driving Information Security, From Silicon Valley to Detroit
As software interacts with more and more of our daily lives, technology providers may be liable for more damages than they have in the recent past.
Big Data's Challenge: Matching Business Needs With Technology
All those bits and bytes only add up to something when they’re organized, arranged, and made coherent.
Single Source, Many Truths
If the data quality is not at fault, why then might departments reject the data? The answer is that there are two aspects to data quality: factual correctness and contextual correctness.
GTS's Sale of Microwave Network to TMX Group to BroadenAccess to Ultra-Fast Data
Microwave data networks are going mainstream, and will level the playing field for all investors to access critical market data, said CEO of GTS, which entered a deal to sell StrikeNet to TMX Group.
Predictions Come True as Regulators Swoop
While two out of the five capital markets predictions from July have already come true, let's hope that all five don't actually happen.
IBOR Before It Was "IBOR"
While its catchy new nomenclature and explosion in popularity has given the outside world an impression that it is novel, the same conversations about it were happening twenty years ago. So why then is IBOR the latest buzz word for firms today?
SEC Reforms: What Floating NAVs Mean for Money Market Funds & Accounting Software
Money market accounts are a $2.6 trillion industry that impacts nearly every investor who parks cash, so a new SEC rule has major ramifications for a large number of investors.
No Rush to Upgrade OMSs Among Sell-Side Firms
A Tabb Group study finds general acceptance of outdated and inefficient OMS functionality and lower priority for tech refresh.
Flip Sides of the Same Coin: Compliance & Transparency
The upheaval caused by the 2008 financial crisis continues to ripple outward, creating an unsettled environment that has disrupted traditional measures of trust.
IT Budgets Struggle With Data Growth, Survey Finds
Data is growing exponentially and IT managers are worried about budgeting for future storage. More sustainable solutions must come from the business lines.
Are You a Career 'Exerciser' or 'Roadmapper'?
Almost all workers looks to improve their position and compensation. But certain individuals also look to provide added value to their employer. What type of employee are you?
Three Engagement Strategies That Pay It Forward in Finance
When you can leverage status, education, and big data to engage your customers, interactions not only become more frequent, but also more productive.
Growing Pains: Firms Strive for Business Intelligence Maturity
One significant obstacle to BI maturity is the prevalent tendency to report on activities reactively with after-the-fact analysis.
5 Priorities For Chief Data Officers
IBM says 25% of Fortune 500 firms now employ CDOs, yet many don't know how to structure the role. Research reveals five imperatives.
Eyeing the Full Wallet, Markit Integrates Commission Manager With Broker Vote
Buy-side firms want access to their full commission wallet so they can leverage the data in their broker vote software and factor in research related events, according to Markit.
A Guide to Physical Datacenter Security
Datacenters are generally known to be extremely secure facilities. However, physical breaches do happen, and they sometimes occur very easily.
The 10 Hottest Cloud Apps on Wall Street
Your IT team may not have heard of them.
LEI + COU = GLEIS
The legal entity identifier (LEI) project has been off to a rough start. The newly installed board of the Global Legal Entity Identifier Foundation (GLEIF) intends to bring structure and guidance.
What Are the True Costs of Data Breaches?
The cost associated with data breaches extends far beyond just the information that was stolen.
London Stock Exchange Group's UnaVista Boosts Presence in North America
As banks and asset managers grapple with EMIR Phase II of European derivatives rules, LSEG's UnaVista emerges as a major player in post-trade, regulatory reporting.
8 Things You Probably Don’t Know About BCBS 239
The Basel Committee on Banking Supervision’s rules for risk reporting are extensive and apply to more financial firms than just the global, systemically important banks.
Accurate Timestamps for Electronic Trading Are a Must
A debate has emerged with the SEC on the need to collect timestamps on multi-party electronic trading data. But what is sufficiently accurate? Is it seconds, milliseconds, microseconds, or nanoseconds?
Financial Service Employees Ranked 2nd-Riskiest Users of Cloud Services
Skyhigh Networks reports that financial services demonstrated some of the most risky behaviors among major industries.
The Execution Challenge
It's one thing for banks to encourage innovation and transformation, and it's quite another to execute successfully on these strategies.
In Like a Bull, Out Like a Bear
August is shaping up to be a difficult month in the markets, with bulls and bears each looking for a market direction.
Market Data Isn't Free – & Other Lessons FinTech Startups Learn the Hard Way
Stephane Dubois shares market data advice for those looking to revolutionize financial technology.
Strong Recovery of Equity Trading Volumes on Global Exchanges
Statistics from the World Federation of Stock Exchanges show that equity trading volumes rose 10%, signaling a strong recovery for the first half of 2014.
FATCA: A US Regulation That's Having a Global Impact
FATCA has raised the stakes for data quality and the need for "clean data."
Research & the Role of Big Data
How have technology and big data shaped the future of the independent research and agency broker partnerships?
Real-Time TCA for Decision Support & Transparency
Can transaction cost analysis (TCA) evolve from a post-trade analysis tool to support for real-time decision making? ITG thinks so.
Trust & Commitment In Today's Financial Services Industry
We know that consumers don't trust financial services firms, but The Caring Recruiter points out that financial services industry employees don't even trust each other.
Managing Mobile Risk in the Cloud
Firms should assess their apps and data being exposed to the cloud for the level of security, privacy robustness, and frequency of development updates they require.
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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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