Content posted in August 2013
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Trade Surveillance Increasingly A Front Office "Business" Responsibility
In the wake of Knight Capital, there's a trend in the front office taking on more surveillance responsibility.
Nasdaq OMX Cites Flood of Messages in SIP Failure
In a summary of findings, Nasdaq OMX said it received more than 20 connect and disconnect sequences from NYSE Arca, which consumed capacity on its SIP that triggered more problems.
Do Regulation and Customer Service Go Hand in Hand?
If you're changing the on-boarding process because of regulations, it's an opportunity to make your customer service better.
Uncertain Future For NYSE Technologies
With the acquisition of NYSE Euronext set to close soon, InterContinental Exchange is reviewing the multifaceted business of NYSE Technologies, leading to industry speculation on what ICE will do with the technology group.
This Is Why There Is A Lack Of Adoption Of Big Data Solutions In Financial Institutions
Financial services organizations focused on institutional clients don't have the volume or variety of data to support big data investments.
The Exchange Diversification Play
Global exchange operators are diversifying into new technology-related businesses such as licensing their market technology, selling compliance and risk management services, and cloud-based infrastructure to generate more predictable revenue streams away from trading businesses.
Nasdaq Signals – Is Anyone Listening?
Less than year after Hurricane Sandy, a technical issue with Nasdaq brought stock trading to a halt for an unusually long time. It's time to address the need for more robust plans and systems, writes Steven Davenport.
Does Cloud Computing Make The Capital Markets More Secure?
Recent simulated tests have shown that cloud-based systems can make critical tests more realistic and include more industry participants.
Market Complexity To Blame for Nasdaq Trading Halt
Observers say the three-hour trading halt impacting Nasdaq securities last week points to market complexity of operating 13 stock exchanges, while ignoring the market data infrastructure.
Did Goldman Sachs Really Have to Discipline 4 IT Workers After Its Glitch?
The investment giant reportedly placed four IT staffers on administrative leave after its embarrassing trading glitch last week. But is IT to blame or does the fish stink from the head?
Gary Ardell Appointed CIO of ConvergEx Group
Ardell will take on CIO responsibilities in addition to his role as head of business strategy development and head of the financial engineering and advanced trading solutions unit.
Follow The Money
Fragmentation, complex trading rules, rebate arbitrage and opaque venues are just a few of the reasons why the market is unnecessarily complex.
Will the BATS-Direct Edge Merger Raise Stakes for Rival Exchanges?
A deal to combine BATS Global Markets with Direct Edge Holdings would put pressure on Nasdaq, according to an expert.
Reinventing The Exchanges
Exchanges have been busy diversifying revenue sources, entering new markets and building new business models as trading volumes continue to slide.
Muriel "Mickie" Siebert Dies at 80
The "First Lady of Wall Street" passed away on Saturday after a battle with cancer. Her spirit and leadership will be missed.
The Bite Of New Market Realities
As trading volumes plummet, exchanges are looking for new sources of revenue. One of the most popular new sources is technology.
10 Trading Glitches That Stopped The Markets
From flash crashes to naughty squirrels, here are 10 notable exchange snafus that have crippled the stock market.
The Two Faces of Regulation SCI: Reducing Risk While Curbing Innovation?
While the SEC’s draft proposal of Regulation SCI is a major step toward mitigating the potentially hazardous consequences resulting from a market that is increasingly reliant upon rapid-fire technology, the burdens of data collection risks impeding market innovation and inundating the Commission with extreme volumes of data.
Nasdaq's Investigation Continues After 'Flash Freeze'
In a statement following the three hour trading halt, Nasdaq says it will continue to investigate the source of the glitch.
Reviews Suggest Strengthened Governance for Bloomberg
Following its client data review, Bloomberg is getting to where it should have been all along in terms of compliance and auditing.
Breaking: Nasdaq Resumes Trading After 'Flash Freeze'
The market maker resumed trading this afternoon after it suspended trading for several hours due to a technical error.
CloudMargin Unveils Collateral Management Platform for Buy Side
The London-based firm said its cloud-based OTC derivatives collateral management platform is a fraction of the cost of traditional systems.
Small Firms Facing Increased Regulatory Scrutiny
Regulators make small firms jump through the same data backup hoops as their larger peers.
Why Is Goldman Sachs Having Trading Glitches?
Even an investment powerhouse that is awash in cash, smart people, and presumed state-of-the-art IT can experience a spectacular trading error. But why are they even happening?
PDQ ATS Gains Destination Status on REDIPlus
The equity trading venue inked a deal with Goldman Sach's spin-off REDI Global Technologies, to land a spot on the coveted REDIPlus EMS.
Thomson Reuters Eikon Adds Cleartrade Exchange Data
Thomson Reuters Eikon to provide real-time data for the commodity futures and OTC cleared derivatives markets from Cleartrade Exchange.
How Much Should Banks Spend On IT?
Banks need to formalize the process of IT project funding, so it is easier to put some business cases on the back burner.
Sage Trader Hires 2 Sales-Traders From EDF&Man
San Francisco-based broker dealer is expanding to fill a void in the professional trading and mid-size hedge fund market.
From Short Lived Correction To New Highs
As the economy continues to strengthen, the markets should be in decent shape for the remainder of the year.
This is Why Merrill Lynch is Overhauling Their Platforms
Merrill Lynch is consolidating the plethora of programs that have sustained their adviser accounts into one organized platform. Despite some controversy, analysts seem excited for change.
How To Get Employees Engaged in the Compliance Process
Increasing employee awareness and participation fuels greater involvement, better compliance and improved business results – the trick is to figure out how to keep them engaged.
This is Why the CoLo Business is Lucrative for Exchanges
Even with trading volumes below their peak, colocation brings in recurring revenues for exchange data centers, and like a mall, customers are likely to do more trading.
Performance Measurement Investment To Increase 6.9%
Facing investor demands for greater transparency, asset managers will ramp up performance measurement spending through 2017.
Top 10 Innovators of the Decade for Capital Markets
Wall Street & Technology presents the visionary thinkers whose innovations helped transform Wall Street -- for better or worse -- over the past decade.
China’s Everbright Stops Trading After A Surprise Flash Surge
The Chinese brokerage saw its shares soar by more than 50 percent in a single trading day. Will these trading errors stop?
Direct Edge Offers Advice to Brazil's CVM on Launching Competitive Exchanges
US exchange operator Direct Edge sent a letter to Brazilian regulator CVM as another step toward launching competition between multiple trading platforms.
Corporate Bond E-trading Market Grows Slowly But Surely
An electronic trading platform for fixed income argues the findings of a McKinsey report that concludes the market is not ready for its service.
Hadoop 2.0: The Capital Markets Dragon Slayer?
Hadoop 2.0 might help capital markets firms catch up with other industries when it comes to big data adoption.
SWIFT On Track to Cut Messaging Costs By 50%
SWIFT, which is also expanding into other messaging technology services, is half way to reaching is cost cutting goal by 2015.
Is there a Palladium Bubble?
Demand for Palladium has increased from automakers, while Russia's 15% stockpile could be dwindling, setting the stage for a bubble.
Data Management Trending In Exchanges & Small Firms
GoldenSource explains the challenges of on-boarding waves of smaller tech firms to data management systems and a new trend in stock exchanges.
How Can Firms Boost Efficiency and Reduce Risk in Corporate Actions?
Minimizing costly errors with respect to voluntary events requires accurate tracking of deadlines and other key dates in corporate actions.
BATS Attracts 2 Private Equity Investors: What Does it Mean?
On the heels of last week's outage, BATS Global Markets said Spectrum Equity and TA Associates acquired a minority stake in the exchange operator.
Can Golvis Break the Goldman Sachs Hedge Fund Curse?
As a trio of former Goldman Sachs managing directors launch a new hedge fund in Asia, we shall see whether or not all that glitters is Goldman Sachs.
More Exchange Outages: Do We Learn from the Past?
Despite regulatory mandates and growing IT spend, the recent BATS BZX Exchange and Direct Edge glitches show that market failures persist.
Hedge Funds Can Advertise, But Beware of European Investors
Hedge funds can now advertise. But before the media blitz begins, marketers must be wary of European exposure and tedious reporting requirements.
Google Glass: Fidelity Labs Probes the Future of Investing
The investment giant released a preview of Fidelity Market Monitor for Google Glass to explore the potential for wearable computing.
New Derivatives Exchange Targets Regulation
Co-founded by Hirander Misra and Vj Angelo, the new exchange, GMEX, will focus on taking advantage of tougher regulation and compliance.
Omgeo Sees 47% Increase in Japanese Trade Volumes
Omgeo reports an increase in Japanese trading volume and adoption of consolidation platforms.
JPMorgan’s London Whale Helping Feds for Possible Arrests
The trader behind JPMorgan’s leviathan trading fiasco is reportedly helping US authorities as they investigate two of the London Whale’s associates. Will it be handcuffs for cuff links soon?
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