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NYSE Euronext Ups the Stakes on US Cash Equity Markets Monitoring The exchange operator is now live with ITRS Geneos, setting up a real-time dashboard to see across its matching engines and core customer connections.
Survey Highlights Risk Management In Business Strategy Accenture's 2013 Risk Management report concludes risk management is more important to C-level executives, and highlights legal risk as a growing concern in capital markets.
Brokers Update Basis Reporting Tools for IRS Compliance Brokerages are tasked with cost-basis tax analysis, promoting investment in tools and handling the heavy load of complex calculations.
Buy-Side Considers Replacing OMS/EMS Amid Market Structure Changes As fixed income and swaps go electronic, buy-side looks to pull together multiple asset classes on a single platform, according to a Greenwich Associates study.
Small Asset Management Firms In Danger Small asset management firms maybe in danger due to regulatory pressures.
Fintech: Crisis Brings Innovation In the years since the financial crisis, companies have worked to find open source alternatives to enterprise hardware, such as servers, switches, sensors and data storage.
Spread Betting Service Takes Off with "No Dealing Desk" InterTrader Direct launched spread trading for UK residents on its MT4 platform with multiple liquidity providers in forex, indices and commodities.
Bloomberg Vault Plays Role in Social Media Compliance Financial service firms are rolling out social media strategies for archiving and surveillance with Bloomberg Vault.
UBS Taps Oliver Bussmann To Go Social Dubbed the "Most Social" CIO, Oliver Bussmann is transforming UBS into a more collaborative and innovative organization in his new role as global CIO.
Game Changer at Nasdaq OMX Ann Neidenbach has mastered the art of integrating business strategy into the product development life cycle and, in doing so, is creating new revenue-generating opportunities for Nasdaq OMX.
GFI's CTO Races Against Derivatives Deadlines With tight deadlines for rolling out new derivatives trading platforms, GFI Group's CTO, Jerry Dobner, is relying on the firm's in-house development staff to launch a swap execution facility by October.
Credit Suisse’s New Approach to Fintech Stephen Hilton, Credit Suisse's managing director and CIO of technology infrastructure, takes a no-nonsense approach to delivering innovative technology and support for the business.
Striking The Right Balance at Fidelity Fidelity Enterprise CTO Stephen Neff coordinates with other CIOs on technology standards and strikes a balance between individual business unit needs and the overall organization's IT goals.
Citadel's James Gildersleeve Builds A Winning Program James Gildersleeve, head of global front office and risk technology, ensured that technology platforms bolstered resilience at Citadel during and after the financial crisis.
REDI and Citadel Technology Tackle the "Holy Grail" Citing demand for an integrated order and execution management system on the buy side, Citadel Technology joined forces with REDI Global Technologies to combine their OMS/EMS products.
A Strategic Approach For Cloud Enablement Financial services organizations need to consider multiple factors before embarking on a cloud journey at the enterprise level.
Outsourcing Observations and Movement Toward the Cloud What role will cloud-based technology play in the outsourcing of financial technology?
Hedge Funds Increase Use of Cloud Hedge funds and investment management firms are increasing the use and spending of cloud technology.
Why StockTouch Moved Gamer Mechanics onto Nasdaq's FinQloud StockTouch, a market data visualization tool, is the first to use Nasdaq's FinQloud for a unique game-like computing power.
CFTC Puts SEF Approvals on the Fast Track Last week, the CFTC granted "cursory" approvals to several firms setting up swap execution facilities in compliance with the Oct. 2 deadline.
Sapient Evaluates Current State of Data Management Sapient Global Markets offers sentiment-based data management maturity assessment.
Oanda Hires Ex-Blackberry Executive as CTO The FX trading provider appointed Graeme Whittington as chief technology officer, directly from Blackberry, the Canadian mobile device maker.
Steel City Success Story BNY Mellon's Michael Keslar has turned down opportunities in other locations in order to remain in his hometown. And it has paid off.
IT Is The Business Much like its peers do with complex financial products, Bank of America's technology infrastructure team "marks to market" its technology offerings.
Successful CIOs Embrace Flexibility Regulatory changes are actually helping CIOs force legacy IT environments to move to newer platforms and technologies.
JSE Reduces Latency, Launches Colocation Service The Johannesburg Stock Exchange reduced latency by relocating matching engines to its own data centers.
Why it Pays to Be Purchase Order Driven Traders frequently build fintech businesses out of the tools they've built to solve their own challenges, but before investing in product design and creation, consider a purchase order.
Big Data, Big Business, Big Confusion We still have a lot to learn about analyzing big data for descriptive, predictive, and prescriptive uses.
On Deck: The Chief Technology Economist The next IT innovation won't be an app — it will be the efficient management of technology itself.
It Won't Work: Central Counterparty Clearing for OTC Derivatives CCP for OTC derivatives is misguided, ill-executed and damaging, says panelist at Sibos conference.
DST Global Solutions Hires Bob Leaper to Expand New Biz in North America The tech provider also released Version 3.0 of Anova, its post-trade investment data management product for asset managers and wealth management.
Banks Face Big Data And IT Talent Shortage Financial services IT expertise is hard to find and locating data scientists is all but impossible, say speakers at SIBOS.
HFT and Big Data: Not a Technology Barrier, but a Cultural One Here are three fundamental cultural differences that are going to be harder to resolve than integration of technologies as part of a successful integration of “big data” into HFT.
Mobile Innovation: tradeMONSTER Finalist in 3 SuperNova Award Categories tradeMONSTER's new app built on HTML5 has helped earn the company recognition as an innovative firm. CTO Sanjib Sahoo reflects on the challenges.
Estimize Unveils a Weighted Consensus, Looks for Alpha in the Data The firm hired Vinesh Jha, the former head of quantitative research at StarMine, who also was executive director at Morgan Stanley's internal quant fund PDT, to head the project.
Which C-Suite Member Should the CFO Be Talking to More Often? Working together, procurement and finance can become strategic while effectively cutting expenses, streamlining transaction costs and mitigating potential liabilities.
From Big Data to Big Gains – Take a Step Back Big Data is changing the face of business intelligence and analytics. For financial institutions, there are only two options; be the change or chase the change.
ACTIV New Hire Ben Collins Discusses Market Data Challenges ACTIV Financial's Ben Collins discusses the challenges and changing landscape of market data and the underlying delivery technology.
OPRA's Outage Traced to Software Upgrade, Raising Questions About Back Up The consolidated data feed for options markets had an outage yesterday, leading to a brief shutdown of trading across 12 options exchanges in the latest technical malfunction.
Are "Kill Switches" the Answer for Exchanges? An expert says exchanges must focus on policies and procedures and make sure their systems failover to a previous version, rather than stop trading.
HSBC and Morgan Stanley Scope Out Client Onboarding Product HSBC and Morgan Stanley are working with Genpact and Markit to design a client onboarding product that provides banks with data for the 'know your customer' (KYC) rule.
Risk and Portfolio Analytics Pro Joins Woodbine Associates Jerry Waldron discusses his new role and initiatives to connect risk management with front office functions.
Gaining Speed: Auto Markets Improving Both American and European automobile markets are seeing stronger sales, signaling good health for the industry and a rebound from the crisis a few years ago.
Scivantage Acquires Portfolio Director from Scottrade Scivantage hopes to take the professional investment management tool and turn it into something relevant and more user-friendly for its retail customers.
Is The NSA Hacking SWIFT? SWIFT says it has no evidence its systems were breached, but documents show SWIFT and Visa are targets of the NSA, according to media reports.
5 Game-Changing Financial IT Startups Finovate 2013 showcased 69 financial technology companies, giving each 7 minutes on stage to show off their latest innovations.
What's Behind Tradeweb's Acquisition of BondDesk? The acquisition is a sign that the barriers between retail and institutional e-bond trading are coming down.
Bears Return, Bounce Back Is Short Lived August through October are traditionally the weakest months for trading. The markets aren't doing anything in 2013 to buck that trend.
Precise Time Stamping In Demand for High Frequency Traders Apcon announced a new time stamping and packet slicing blade aimed at financial firms providing service level agreements to HFT shops.
Open Source's Impact On Financial Services Grows The impact of open source communities on the financial services industry means that collaboration will go beyond infrastructure, and will move up the stack.