Content posted in December 2014
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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.
Julio Gomez Joins Knowledgent as Industry Strategy Partner
Julio Gomez, the founder of Gomez Inc., has joined data analytics firm Knowledgent as industry strategic partner for financial services.
MiFID2: Filling in the Gaps
The final rules and technical specifications for MiFID2 are still being ironed out. Here's what you need to know now about the pending rules changes.
IPC Systems Looks to Expand Compliance-Related Apps Under New Owner
Centerbridge Partners LP will look to expand IPC's Unigy software-based trading platform and its mission-critical data and network services.
The Digital Trends for Data-Driven Markets in 2015 & Beyond
Top marketing trends for social, mobile, advertising, and digital analytics, according to Teradata's Michael Lummus
TCO for Front Office Employees Nearly $500K, TABB Reports
A TABB Group report introduces "human capital" into a new TCO benchmarking model and discovers average spending on a capital markets front office employee tops $461,000 annually.
Jefferies Selects Markit for TCA as a Neutral 3rd Party
As Jefferies beefs up its algorithmic trading business, the broker chose Markit to provide trading metrics and reports to the buy side.
Understanding Agricultural Data Means Standing in the Field
Combining the best of new technology with good, old-fashioned walk-the-fields crop tours turns information into insight.
BNY Mellon Aims to Tap Data Science Talent In Silicon Valley
Looking for new ideas and talented data scientists, BNY Mellon has opened an innovation center in Palo Alto.
Bank Of America's Cathy Bessant is InformationWeek’s IT Chief Of The Year
Bessant leads BofA's 100,000-person technology and operations group as the bank scraps back from financial and regulatory disaster. Her formula: Steady, reliable performance over glitz.
Do-It-Yourself Flash Crash Preventer Kit
Home Depot became the latest Flash Crash poster child in late November with a 10% plunge in its share price, which momentarily wiped $12 billion off of the DIY store’s value.
A Conversation About Bitcoin Exchanges
Platform providers are drawing upon experience with high-frequency trading and fintech to create infrastructure for virtual currency exchanges.
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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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