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A Wild Ride Comes to an End
Covering the financial services technology space for the past 15 years has been a thrilling ride with many ups as downs.
The End of an Era: Farewell to an Icon
After more than two decades of writing for Wall Street & Technology, I am leaving the media brand. It's time to reflect on our mutual history and the road ahead.
Morgan Stanley Data Theft Exposes Insider Threat & Need for More Restrictions
In the wake of Morgan Stanley firing a financial adviser for stealing information on 350,000 wealth management clients, experts say financial firms need to "cloak and contain" access to valuable data.
Beyond Bitcoin: Why Counterparty Has Won Support From Overstock's Chairman
The combined excitement over the currency and the Blockchain has kept the market capitalization above $4 billion for more than a year. This has attracted both imitators and innovators.
Asset Managers Set Sights on Defragmenting Back-Office Data
Defragmenting back-office data and technology will be a top focus for asset managers in 2015.
4 Mobile Security Predictions for 2015
As we look ahead, mobility is the perfect breeding ground for attacks in 2015.
Increasing Cyberthreats Pose Massive Challenge for Financial Firms
Capital Markets Outlook 2015: Financial firms will increase data security spending and also strengthen critical infrastructure as the industry struggles to keep up with the scale and intensity of cyber attacks.
How to Talk to Your Board About Stress Testing
A meaningful report describing risks uncovered from a bank's stress-testing efforts empowers its board to assess current and potential risks within the loan portfolio.
Clearpool Releases Iris Technology to Meet Needs of Evolving Equities Market
Clearpool Execution Services will use Iris technology to improve the way institutional orders are handled and prioritized in different execution venues.
Financial Data Supply Chain, Part 2: Integration as the Ultimate Weapon
An integrated financial data supply chain creates efficiencies through automation, openness, standards, and communication across the data supply chain from source to use, rather than simply passing data on and out of sight.
The Clock For Market Structure Change Is Ticking
Capital Markets Outlook 2015: The SEC is conducting a broad review of US equity market structure, but the most important proposals are the tick-size pilot, maker-taker rebates, dark pools, and order routing transparency.
How Fraud & Cyber Security Will Evolve in 2015
Banks need to implement new security measures and tactics, and fraudsters are sure to respond by changing their operations.
Swap Markets Debate Anonymous Trading in SEFs
Capital Markets Outlook: With more than a year of SEF trading up and running, swap participants are looking at standardized Market Agreed Upon or "MAC" swap products, to fuel anonymous order book trading next year.
IEX Bolsters Information Security With Top Hire From BlackRock
Benjamin Smith joined IEX as the private trading venue's head of information security last week. In a Q&A, Smith discusses his new role, Regulation SCI, and what exchanges and ATSs can do to combat hackers in 2015.
E-Trading Disruptors Seek Untapped Liquidity in Corporate Bonds
Capital Markets Outlook 2015: Drawing on consumer tech examples like Spotify and Amazon, a new wave of fixed-income trading platforms is determined to help the buy side find liquidity in corporate bonds.
Bitcoin Taxation: A Gift From the IRS & the Coffee Problem
Every bitcoin transaction requires a gain or loss calculation between acquired cost basis and the amount it was sold for. This is no problem for large blocks, but on everyday purchases, a gain or loss calculation on every $1.79 cup of coffee is a lot of calculating.
Next Year, Aim for Communication & Clarity of Cloud Apps
Capital Markets Outlook 2015: Enterprises will better manage their cloud exposure by offering enterprise versions of consumer applications and alternative apps vetted by security.
Financial Data Supply Chain, Part 1: A Common Foe Requires a Common Language
Many national financial markets have developed unique standards for how transactions, instruments, and entities are classified. As an inevitable result, things get lost in translation.
2014 in Review: Looking Back at a Year in Risk
Although the financial markets escaped having a rogue trading incident, 2014 brought a host of incidents ranging from cyber security and FX rigging to anti-money laundering and insider trading.
Universities Increasing Programs for Data Scientists
Capital Markets Outlook 2015: Investment in big data continues to increase, but it all means squat if there's no talent to program the tools, analyze the results, and create business value. Universities are responding by creating programs to train a generation of data scientists in technical and business capabilities.
Improving Performance Measurement for Asset Managers
It's critical that firms view performance data in the same way they view accounting data and their investment book of record. Effectively, firms should be looking to develop a performance book of record.
2015 Prediction: FinServ & Regulators Will See Opportunity in Internet of Things
The Internet of Things still seems a bit foreign to capital markets, but next year may be the start of conversations, investment, and regulations on how firms can incorporate the world of sensor data.
As Market Matures, Fintech Startup Winners Will Emerge in 2015
Capital Markets Outlook 2015: Financial technology startups have boomed in recent years, and the time is ripe for some market leaders to emerge, while others will get acquired or simply disappear.
Bitcoin: 4 Factors Holding the Banks at Bay
For a number of reasons, major banks haven't seized the opportunity to get involved with bitcoin. Banks like to participate in size, compliance has restrictions, and bosses don't understand it. But these hurdles will be overcome in 2015.
Financial Firms to Struggle With Growing Social Infrastructure in 2015
Capital Markets Outlook 2015: Social media infrastructure in financial services will grow dramatically in the coming year, putting pressure on IT and compliance to shed manual processes and use scalable technology.
5 Tips On How To Prepare For A Data Breach
If you are a financial institution your cyber security defenses will be breached -- again and again. Here are five tips to respond quickly and minimize damage.
Where Should You Spend Your IT Budget in 2015?
Capital Markets Outlook 2015: A bank can get the biggest bang for its IT buck by implementing agile development methodologies. Banks that use agile deliver 96% of their projects on budget and 79% of them on time.
Wall Street CIOs Have a Vendor Management Problem
If Wall Street CIOs want to stay ahead of competition and ensure high-speed trading software doesn't start the next flash crash, they need better insight into vendor delivered software.
Technology Innovation Returns to Financial Services
Capital Markets Outlook 2015: Following a few years dominated by regulatory compliance and cost saving technology initiatives, financial organizations are finally investing in innovative technology and tools.
Global Banks Need to Demonstrate RDA Progress in 2015
Capital Markets Outlook 2015: As the January 2016 deadline approaches for BCBS 239, also known as risk data aggregation, banks need to make sure they have a definitive RDA plan, and can show regulators they are getting closer to their compliance goals.
Why There's Confusion Over Valuing Bitcoin
Bitcoin presents a new type of nontraditional, highly technical, experimental, and global digital instrument to our already complex world. That fact should not conjure fear. It should engender excitement.
Voice Biometrics Improve Transaction Monitoring Fraud Detection
Why voice biometrics should be a part of your fraud prevention strategy in the call center.
Fintech Fast Forward 2015
What will shape the future of Fintech in 2015 and beyond?
Look Deeper at Business Connections
When a business person or practice crosses the line, what should a professional do?
Big-Data Analytics & Cloud: The Perfect Storm
Most signs are pointing to a big increase in investment in big-data analytics and cloud in the coming year.
Financial Services Institutions Gear Up for Social Intelligence
Social media has mainly been a marketing effort in financial services, and many firms are not tracking ROI. Yet, some are deriving value from analysis of social data, whether it's sentiment analysis for trading or credit risk in lending.
Verifying Behavior, Not Input, to Detect Sophisticated Attacks
Understanding how users interact with the touch points with biometric information is an increasingly important part of digital security.
9 Reasons Cloud Security Will Advance in 2015
The CEO and CISO become BFFs, and other cloud security predictions for 2015.
QA & Testing Budgets Are Rising for Financial Services Firms
Research finds IT budget allocation for application quality has grown from 18% to 26% between 2012 and 2014.
Finding 'Technology Alpha' Can Mitigate TCO
A new TABB Group model demonstrates how revenue per employee can help mitigate high total technology spending costs.
Boardrooms Are a Critical Line of Defense for Cybersecurity Preparation
Directors who are familiar with their company’s IT department are better able to determine whether the team is equipped to effectively address cybersecurity.
Neglecting SAP Security Could Cost $22M Per Minute
SAP systems has grown in complexity, making it difficult but essential to secure the interconnected parts.
Trad-X SEF Reaches $1T Volume Milestone
Tradition's SEF Trad-X has seen a sharp increase in trading activity since September for USD interest-rate swaps on its central limit order book, citing its hybrid voice and electronic platform as a differentiator.
Debating Apple's Dive: Flash Crash or Institutional Rebalancing?
Some market professionals thought Apple's 3% price decline last Monday was a flash crash or an algo run wild. Quants at Rosenblatt Securities analyzed the tick data and came up with a different interpretation.
Key Trends in Using FIX for Execution Transparency
Can the buy side really use the information it's requesting from the sell side for execution transparency?
How Much Does My FX Trading Cost?
The expansion of platforms for trading exacerbates the challenge of understanding where the true market for an instrument stands and how to execute the trade to achieve the lowest total transaction cost.
5 Common Misconceptions About BYOD
These are the five most common myths about BYOD, according to Vox Mobile's Andrew Bisesi.
The OFR’s Latest: 'C Is for Credit'
The Office of Financial Research has issued its annual report to Congress. Most alarming: Credit risk has increased unabated.
Telemetry & the Trader: Transforming Technology Performance
As telemetry becomes available to the trading community, Daljit Bhartt at ITG looks at its potential to revolutionize the way performance is measured.
ICE Licenses Swap Futures Methodology From Eris Exchange
Intercontinental Exchange plans to begin trading swap futures in 2015 in credit and interest rates based on intellectual property licensed from Eris Exchange. ICE will offer a rival product to cleared OTC swaps.
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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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