Content posted in May 2013
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Structural Change In The Credit Markets
An 80-ton boulder that has only started to roll.
With Job Candidates Lacking Skills, Wall Street Turns to Boot Camps
Despite spending $100,000 on an education, graduates still need to take spreadsheet analysis courses. Shouldn't schools teach students how to use a fundamental business tool?
Broker Dealers to Comply with Canada's Regs on Automated Trading Risk Controls
Succession Systems said that Newedge deployed its software to check orders in real time before they are submitted to exchanges in Canada and the U.S.
How Can Firms Avoid the Next News Hoax? Voice Communication Over Automation
Voice communications can make all the difference between falling for a hoax and dodging it.
Paul Volcker Sounds Off on Regulators and the Volcker Rule
The former Federal Reserve Chairman said that six regulatory bodies in the U.S. was too many, which he blamed for the stalemate in implementing Dodd Frank.
Nomura Boosts Equity Index Trading with New Hire
Nomura hired Tom Jarck to strengthen its capabilities in U.S. equity index trading.
Key Banks, Clearing and Trading Firms to Support NLX
The likes of BNP Paribas, Newedge, DRW Trading and Getco Europe said they plan to contribute liquidity and open interest to Nasdaq OMX's NLX platform to create a competitive market for short and long-term interest rate derivatives.
Why Public Opinion Matters, Even For System Testing
As financial institutions face more and more regulations, public opinion can be swayed depending on how systems testing professionals respond to regulatory pressures.
Capital Markets: Managing Intelligence Optimization vs. Big, Diverse Data
The dialogue on big, diverse data has been changing in capital markets during the last few months, and for the better. Now firms are engaged in a process to harvest and exploit untapped knowledge, which is more about business insights or intelligence optimization -- BIO -- versus big data.
TIBCO Cloud Bus Integrates Cloud and On-Premise Applications
As financial firms transition to the cloud, a new application allows some data to be stored on premises while other data is stored in the cloud.
NasdaqOMX, LCH.Clearnet Gain Regulatory Approval to Launch NLX
NLX will offer a range of both short- and long-term interest rate euro- and sterling-based listed derivative products with clearing on LCH.Clearnet.
Citi Launches Open and Close Algos in Major Trading Tech Upgrade
Citi introduces new functionality that helps buy side clients participate in the key minutes around the opening and closing market auctions as well a redesigned order ticket and smart order router.
Mobility Meets BYOD: Trade U.S. Equity Options on Your iPhone or iPad
Eyeing U.S. options traders who need speed, startup iVerit is offering real-time mobile data and professional analytics to consumers of Apple mobile devices.
Is The Trading Floor Any Place For A New Mother?
An old-school hedge fund hotshot set off a firestorm saying that women traders lose their edge when they have children. The same goes for divorced dads. Is he right?
Newedge Joins LCH.Clearnet's SwapClear
The multi-asset brokerage and clearing firms said Newedge US and Newedge UK will utilize SwapClear, the major clearing service for interest-rate swaps.
Nomura Hires Senior Desk Analyst for Emerging Markets Group
Javier Kulesz will provide Nomura’s trading desk and institutional investors with his expert view on the macroeconomic forces affecting Argentina and Venezuela.
Five Key Risks for Firms in 2013
While the detailed risks run by firms are unique, there are a series of high-level risks which all financial services firms, no matter what their sector or geography, need to consider.
EU Dark Pools Regs Blast Buy Side
The proposed 5 percent cap on dark pool trading could have a sharp impact on asset managers who need the anonymity of unlit trading venues, say critics.
Trying to Ease the Pressure: System Testers in the Spotlight
Following a few high-profile trading system failures, financial firms are placing more emphasis on testing, and pressure on personnel.
BofA Hires Caliendo to Manage Relationships with Hedge Funds
Tracy Caliendo will join BofA Merrill Lynch in September as head of hedge fund services in the Americas.
Czech Republic's RSJ Chooses KX Systems for Algo Trading
A big derivatives trader on NYSE Liffe and other derivatives markets, RSJ is using KX's high-performance database and language to collect and query vast quantities of data and to test models and strategies.
Making the Case for Automated FIX Certification
Manual certification of FIX connections is no longer an option as exchanges are phasing in automated processes to improve testing ahead of new regulatory guidelines.
CFOs Increasingly Cite Technology As Critical For Success
Big data, analytics and reducing IT maintenance costs are all priorities for CFOs, according to study.
Bloomberg's Chat-Based FX Trading Tool Attracts Citi, As Banks Reportedly Seek Chat Alternatives
Bloomberg announced IB Dealing, a new chat-based FX trading tool for subscribers with Citigroup as a client, amid reports that Citi and other Wall Street banks are building their own alternative chat platforms.
Bloomberg Releases FX Chat Tool To Meet Compliance Demands, Gain Efficiencies
FX market participants can use IB Dealing to negotiate prices and can integrate chat data with Bloomberg's FX trading platform.
Surprisingly, Financial Services Workers Achieve Work-Life Balance
Study finds that U.S. workers have been able to achieve a work-life balance, but still feel like they are underpaid, according to an eFinancialcareers.com survey.
ConvergEx Reduces Latency of Millennium ATS By 75%
Sell-side firm revamped the infrastructure behind Millennium ATS to support the needs of low-latency and immediate or cancel (IOC) customers.
Buy Side Gives Mixed Reviews to Sales Traders, Casting Doubt on Value Added Analytics
A new report by Woodbine Associates based on surveying 41 buy side traders on broker coverage, revealed that buy side firms are not completely satisfied with sales traders and that brokers may be wasting resources on analytics and other services.
It's More About "Wide Data" Than Big Data
Financial services organizations know that they can handle vast amounts of data, since they have been doing it for decades. To succeed with big data initiatives, firms need to think of data's breadth and reach across an organization.
Prosecutors Circling, SAC Hedge Fund May Shut Down
After several high-profile arrests for insider trading, the head of the rich yet beleaguered SAC hedge fund may call it quits to avoid jail time.
A Letter to Anadarko Regarding Its 'Flash Crash'
In response to shares of Anadarko Petroleum trading as low as a penny last week, Themis Trading raises questions to Anadarko about the stock's rapid descent in the context of the current market structure.
When It Comes To Big Data, Do The Benefits Outweigh The Risks?
Having the systems and capability to process mass amounts of data is a benefit to a financial firm, but the same capabilities could create data security and privacy risks.
Barclays Commits to Reporting Volumes of Dark Pool
The investment bank confirms its plan to continue reporting volumes in its dark pool LX, on a monthly basis, following the decision by the No. 1 dark pool operator Credit Suisse to go dark.
Market Structure Drives the Buy Side to Seek New OMS/EMS Systems —Study
Buy side firms need sophisticated tools to navigate the market structure as well as analytics and connectivity to alternative trading venues, but cost pressures are an obstacle to upgrading their OMS/EMS platforms, according to Greenwich Associates' study.
When Is Compliance A Competitive Advantage?
When compliance is working, it often goes unnoticed and flies under the radar. However, the value of a good compliance program is hard to measure.
The Rich Past and Uncertain Future of the NYSE
On the anniversary of its founding, the New York Stock Exchange shows signs of strength in an uncertain world.
Fidelity NetBenefits App Provides Mobile Access to Benefits and Retirement Accounts
New mobile app provides a look into Fidelity workplace and personal accounts.
Bloomberg Taps Former IBM CEO As Privacy and Data Advisor
Bloomberg announced that it hired Samuel Palmisano to serve as an independent adviser. Hogan Lovells, of Promontory Financial Group, and Clark Hoyt, of Bloomberg News, were also hired.
Regulators Compromise on Swaps RFQ Rule, So Are the Banks Winning?
CFTC commissioners compromised on key rules that now require asset managers to contact two banks for prices on derivatives, rather than five, which was opposed by banks and lobbyists.
HFT Firms Flood DC with Donor Dollars
While lawmakers and regulators take a long hard look at high-frequency trading, the firms that trade near the speed of light are donating money like never before.
Bloomberg Spygate Lights Up Twitter
News that Bloomberg allowed its reporters to access certain Bloomberg Terminal client data sent the Twitter world on fire. Then, news broke that Goldman Sachs and JPMorgan had contacted Bloomberg asking for an explanation, which fanned the flames. Here are some of the most interesting Tweets about the Bloomberg snooping scandal.
Is it Time to Tweak, Keep or Scrap Reg NMS?
The emphasis on speed, order protection, and technology that Regulation NMS brought to U.S. equities is analyzed in an indepth report by Tabb Group, which says it's time to debate the rule's effectiveness.
Bloomberg Snooping Scandal Prompts Reaction from Goldman
Wall Street firms like Goldman Sachs could look to reduce their reliance on the dominant data and analytics terminal in response to the firms' reporters being allowed to spy on customer data.
Code Red: Implement Controls to Protect Firm Twitter Accounts
As we move headlong into a world driven by instantaneous news cycles, firms should take a step back to evaluate risks and set controls to prevent uncontrolled proliferation.
Arialytics Unveils Predictive Analytics Platform
Aimed at asset managers and hedge funds, the platform enables investors to test their investment ideas without getting bogged down in data sets and modeling.
Culture Clash: Transparency Versus Proprietary Data at Bloomberg
The news media requires transparency and openness, while trading on Wall Street thrives on minimizing information leakage and protecting proprietary data.
Asset Managers and Hedge Funds Face Swaps Clearing Deadline
Buy side firms preparing for mandatory swaps clearing need to finalize selections of CCP and FCMs as well as onboard clients and test systems by June 10 deadline, according to Woodbine Associates' whitepaper.
Is Your Bloomberg Terminal Spying On You?
After Goldman Sachs discovered that Bloomberg journos were keeping track of their viewing habits over their Bloomberg terminals, traders have some decisions to make about the company that provides their market data, trading tools, IM and more.
Financial Conduct Authority Selects Nasdaq OMX SMARTS Integrity for Market Surveillance
FCA will use market surveillance technology to monitor financial transactions across asset classes.
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Exclusive: Inside the GETCO Execution Services Trading Floor
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