Content posted in November 2014
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SEC Examinations: What to Expect When the SEC Is on Its Way
Theodore Eichenlaub highlights trends in SEC expectations and how to approach a risk assessment of your compliance program.
The Value of Predictive Analytics in Financial Services
Risk management and customer data are two key areas where data analytics is being applied in financial services.
Moving the Trader Closer to the Investment Process
The sell side can demonstrate more value by applying analytics to pre- and post-trading, and by educating buy-side clients about broker segmentation, trading behavior and algorithm shortcomings, and more.
FIX for Post-Trade Gains Traction: How Far Will It Go?
A group of heavyweight asset managers has collaborated on a solution for non-US trade confirmations and affirmations that is fueling interest in FIX for post-trade use as an alternative to Omgeo's Central Trade Manager.
Wirehouses May See More Independent BDs as Retention Packages Expire
Retention bonuses are expiring, leaving brokerages vulnerable to attrition. Is access to technology making it easier for brokers to go independent?
SCI: A Whale of a Regulation
The SEC's Reg SCI weights in at a whopping 742 pages. Here is what you need to know about the oversized regulation.
FIX Trading Community Revamps Efforts to Address High-Performance Trading
The nonprofit industry standards body said it has combined all initiatives related to the support of FIX for high-performance trading and market data under a single working group.
Wall Street Horizon Appoints Industry Veteran Bruce Fador as President
Demand for stock calendar event data services is increasing among quants. Wall Street Horizon appointed Bruce Fador as president to push growth into other sectors.
One Size Fits Nobody in End User Services
How building profiles from employees' roles and behaviors can help optimize your end user services.
'Enlightened' Non-IT Execs More Likely To Run Secure Organization
Do senior executives understand their role in data security? On the whole, unsurprisingly, no.
No Screwups, Please, We’re Banks
Changing a bank's culture is not going to happen overnight, but having the right tools and levers in house will surely make a big difference over time.
You’re Doing BYOD Wrong: These Numbers Prove It
Almost 40% of users who connect personal mobile devices to corporate networks have no lock-screen mechanism set in place.
Citibank Brazil Deploys Award-Winning BPM Solution: Now What?
Citibank Brazil automated commercial customer onboarding and reduced cycle time by 70%. But how can a global organization harness the successes of its islands of solutions?
Evercore ISI Selects REDI's Multi-Broker Network
REDI's independent trade management platform will provide access to Evercore ISI's electronic execution platform for US equities.
Fidelity Debuts Oculus Rift-Based Virtual Investment App
Fidelity Labs, Fidelity Investments' 75-person R&D think-tank, has launched StockCity, a virtual-reality view of an investor’s portfolio. StockCity uses Oculus Rift to simulate the investment cityscape.
Exchanges Gain as Equity Volumes Hit 3-Year High
With the return of volatility last month, exchange volumes surged 29%, off-exchange share slipped, and one dark pool closed up shop, according to analyst market structure reports.
The Focus on Data Security Shapes 2015 Hedge Fund Tech Trends
With tougher penalties associated with exposure of client information on the horizon, firms will need to examine the steps they must take to protect this data from attack.
Stop Using Spreadsheets for Disclosure Management, Says Linedata
The rules for aggregating and calculating disclosures vary tremendously across global jurisdictions, getting well ahead of traditional approaches. Interest in automated solutions rises.
Aequitas Approved: Canadian Regs Green-Light Anti-Predatory HFT Exchange
The newly approved Aequitas exchange wants to correct unfair advantages given to HFTs over retail investors. Competition had prompted TMX Group to plan a similarly minded relaunch of the Alpha exchange. But is the devil in the details?
Risk Aversion: The Biggest Innovation Obstacle
Fear of risk is the biggest factor holding financial services organizations back from innovating.
WallachBeth Hires CTO to Boost Broker's Quantatitve Skill Set
To navigate increasingly complex markets, WallachBeth Capital hired quant trading veteran Matthew Rowley as CTO, who previously worked at Credit Agricole Cheuvreux and financial software provider Fidessa.
The Newfound Popularity of Exchanges Raises the Bar for ERM
Regulators have looked to exchanges with their CCP clearing arms as solutions to the financial crisis. However, ERM practices at exchanges have historically been an afterthought.
Advisors Must Prepare for the Investor of Tomorrow
Advisors who successfully serve tomorrow’s investor will embrace technology today.
BCBS 239 Requires Integration of Risk & Finance Organizations
Financial services firms must leverage current initiatives focused on BCBS 239 compliance to develop a closer alliance between the risk and finance functions.
Bitcoin 101: Why It's Attracting Wall Street Investment
Despite its infancy, Bitcoins are being called one of the greatest developments of the new financial services landscape. Here's why.
Finra to Focus on Fixed Income ATSs & Algo Providers
Finra CEO Richard Ketchum outlines plans for requiring brokers that use fixed-income "RFQ systems" to provide more pre-trade price transparency to customers. In equities, Finra wants to register firms involved in designing algorithms.
Enterprise Exposure to Cloud Apps Rises, Security Controls Spread Thin
The average number of cloud services used in financial services has jumped to 844. Security risks are greater than many perceived. Can IT keep up?
SEC Chairman Discusses Rule Changes on HFT
SEC Chair Mary Jo White discussed HFT and the agency's plans for equity market structure in 2015 in a video interview with Bloomberg Market Makers at the SIFMA annual meeting.
Wave of Derivatives Risk & Fraud Scuppers Shipping Company
Ships’ fuel company OW Bunker has been scuppered by a rogue wave of derivatives trades and fraudulent pirates.
Technology & Compliance Biggest Setback in Social Strategy
Wells Fargo says better social aggregation and search technology will help financial firms put their people back into the social realm.
Data Breaches: 8 Tips For Board-Level Discussions
Recent high-profile breaches put you in the board's spotlight on security. Here's how to shine.
How Big Data Analytics Helps Financial Institutions Navigate Today’s Regulatory Maze
As firms work to meet new regulatory reporting requirements and keep pace with constant change, it all comes down to harnessing data.
The Inefficient Back Office: A Checklist of Pain Points
Many firms consider their reconciliation process fully automated, but "automated" doesn't necessarily mean "efficient."
Nasdaq OMX Won Over SIP Committee With Latency Reductions & Tech Upgrades
Nasdaq OMX's plan to move the SIP to the INET technology platform, coupled with ongoing reductions in latency and plans for hot/hot disaster recovery, influenced the committee's final decision.
CFTC Increases Cyber Security Oversight for Market Structure Entities
Tomothy Massad, the new CFTC chairman, tells derivatives exchanges and clearinghouses they need to strengthen cyber security planning and procedures.
Finance’s Role in Managing the Ever-Growing Volume, Variety & Velocity of Data
Today's financial firms have done little to harness the power of big data analytics, finds Accenture, but CFOs are stepping in to help guide the organization and its future investments.
Banks, Bitcoin & the Blockchain
The Bitcoin Blockchain could offer benefits to banks that are willing to experiment with it.
Nasdaq OMX Expands Market Access in Chicago for Futures & Options Trading Community
Nasdaq will open a point of presence (PoP) in Chicago, enabling traders in the midwest to connect with the eSpeed bond trading platform as well as Nasdaq cash equity and equity derivatives markets.
How Big Data Will Influence the Financial Space in 2015
Without faster and better analysis and visualization tools, financial institutions will be unable to comprehend relationships or patterns that exist within the data, defeating the point of using it at all.
Breach Fatigue Sets In With Consumers
Report from Ponemon and RSA shows that consumers aren't really adjusting behavior due to mega breaches.
BATS Appoints Markets Expert Chris Concannon President
BATS hires Concannon, a former Nasdaq executive, as it continues to integrate Direct Edge and looks to build upon recent successes in equities and options.
BGC Partners Hires Javelin Founder James Cawley to Strengthen Its Offering
The move is the latest step taken by BGC Partners to grow its derivatives trading business while competition is heating up among D2D and D2C platforms.
Why a CIO's Last 100 Days Are Most Important
It is incumbent on outgoing CIOs to offer up some sort of transition plan, something that will get the IT function from point A to point B with as little disruption as possible.
This Top Interview Question Makes Candidates See Red
If you ask the question "Why should I hire you?" during an interview, the interviewer rarely gets a useful answer. So, why bother?
Happiness Resumes on Wall Street: Three-Quarters Expect Bonus in Survey
With volumes picking up and the IPO market strong, US financial services professionals are very confident about receiving a bonus this year, and 60 percent are expecting an increase.
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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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