Content posted in May 2014
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Stressed Out by Compliance, Reputational Damage & Fines?
Financial services executives are living in a "regulatory pressure cooker." Here's how executives are preparing for the new compliance requirements.
Voice Brokers, FCMs & the Debate About When Execution Occurs
Voice brokers in OTC derivatives are under pressure from FCMs to screen customers for pre-trade risk limit, but they lack the technological means to carry this out. Meanwhile, it's ambiguous as to when a voice execution actually occurs.
IT & Business Transformation With Automation
Business process management (BPM) has boomed to encompass a range of core business function.
PwC & SunGard Endorse Data Standard From AltExchange
Momentum grows for AltExchange Alliance's global data standard for the alternative investment industry.
5 Tips to Find Alpha in Your Infrastructure
From the flashy to the practical, financial firms looking to gain operational alpha from infrastructure face an overwhelming world of choices in terms of commercial and off-the-shelf offerings. Proper perspective, kill switches, and diagnostic tools can help.
The Risks of Communication on Wall Street
Regulators are increasing surveillance of all forms of communications, including social media, instant messaging, and more. Is your firm ready to comply?
IBOR Serves as Single Source of Truth for Investment Managers
In order for an IBOR to provide consolidated views from the front-to-back office, disparate systems must be able to communicate seamlessly.
Is FIX Protocol Use Declining?
FIX may be the dominant standard for buy-side to sell-side electronic trading around the world, but binary protocols such as OUCH have gained traction among high-speed traders. Now the rise of Bitcoin and crypto currencies is fueling the next stage of evolution.
Nasdaq OMX Migrates eSpeed Platform to Its Carteret Datacenter
On top of performance gains, the move positions Nasdaq OMX to offer electronic trading services to broker dealers who are still relying on voice brokerage and to expand the fixed-income product set.
Next-Generation E-Communications Surveillance Starts Now
Monitoring every single email, voice call, text, or chat for compliance is a daunting challenge, but analytics technology is improving.
STP: Half a Century of Unfulfilled Promises
Having gone so far with processing efficiency as the lead in the mantra of the STP vision, the industry is now seeking global standardization solutions to STP under the new mantra of mitigating global systemic risk.
IEX & the Re-Mutualization of Market Infrastructure
Whether success or failure, devil or savior, IEX exists because enough members of the buy-side community wanted it to.
Transforming Client Certification at BM&FBOVESPA
Certifying an exchange client is a lengthy process that can be made easier with automation.
Raising the Bar on Co-Location for All Trading Firms
Any high-frequency trading firm that co-locates its servers at an exchange should have formal market-making responsibilities, be registered as a broker dealer, and be tracked for compliance with SEC rules.
Getting the Digital Agenda Right for Wealth Management
Advisors should start to embrace a smart mix of digital approaches like Amazon recommendation models and automated workflows of previous core competencies.
Merrill Lynch's 'Merrill One' Platform Raises the Bar on Investment Solutions
Merrill Lynch is transforming its advisory business by doing what all other brokerages have only talked about for years.
Driving Competitive Advantage Through FX TCA
Accurate TCA for FX trading has proved more challenging than in equities, delaying its progress. But the benefits to trading strategies can't be ignored, and investors are already positioning FX TCA as a critical business function.
Inside the NYC FinTech Startup Scene
The financial services entrepreneur scene in New York is growing rapidly. Here is one of the many startup shared offices in midtown Manhattan.
Can Your IT Group Beat the Market Benchmark?
If you don't benchmark your infrastructure costs and labor productivity, you can't tell if you are providing value or wasting your budget.
Who Wants to Trade With High-Frequency Traders?
No sane individual wants to take on a professional wrestler like The Rock. Similarly, no sane fund manager wants to trade on an exchange with an HFT fund.
A Case for Quality Assurance in Financial Technology Testing
Quality assurance testing in a project's early stages is sometimes viewed as an unnecessary cost, but a proper strategy and collaboration can still save money and reputation.
Markit & Genpact Launch Centralized KYC Data Service
The service reduces the burden of duplicate data requests and provides efficiency in the client onboarding process.
IEX’s Katsuyama: Market Structure Problems Are Everyone’s Responsibility
Don’t single out HFT for the market’s problems. Anyone who has worked in the industry during the past two decades has been complicit in corrupting the markets.
The Conversation: Connecting the Global Regulatory Agenda
US and European regulatory practices have diverged in crucial areas such as banking oversight, derivatives regulation, and privacy protection. Reforms are moving ahead but gaps persist. Should there be more cooperation?
Swimming With Sharks Is a Dangerous Pastime
After a sensational news program said the entire US equity market was rigged, there was an inevitable lawsuit and OneChicago got caught in the shark attack.
Market Data Gone Wild
While some people talk of a new “transaction tax,” most ignore the hidden tax within the markets.
Capital Markets Innovation Is Bogus
Every financial technology executive talks about innovation, but few actually practice it.
Keep Your Eye on the Market Structure Ball
Flash Boys has started a simplistic debate about HFT, when the real focus should be on an overly complex and fragmented market structure.
Does the PMO Create Value or Overhead?
The project management office model has been heralded as a way to reduce costs and restore sanity to technology projects. But do PMOs deliver value, or just get in the way?
The Next Wave of Innovation in Capital Markets Technology
Post financial crisis, most banks have been focusing on survival rather than innovation. That's changing, however, as more technology startups are entering the financial services scene.
Bridging the Business-IT Chasm
As the new digital reality transforms every part of the financial services business, IT and the business had better get on the same page.
8 Financial Services 2014 IT Salary Trends
Technology pros in banking and securities continue to see their salaries rise, but workers are looking for training, flexibility, and job security as well.
Wall Street IT Salary Survey: Tech Pros Looking for More
IT salaries are on the rise in financial services, but workers are also looking for flexibility, training, and job stability.
Patriot Missiles for the Market
Financial services firms can control wanted behaviors in trading through analysis of fast, big data streams. So why can't these firms use the same technologies to detect unwanted behavior?
Better Takes on Good's Mobile Security Solutions
Better enables corporations to automatically secure the 2 million+ third-party mobile apps available today in the Apple App Store and Google Play.
Nasdaq OMX Launches MiQ for Better Data Intelligence
Today, Nasdaq OMX announced a centralized data management solution that will allow organizations to better visualize cross-system data.
TrueEX Processes $750 Billion in Bunched Order Allocations
The firm's post-trade platform is helping asset managers and FCMs handle "bunched order" allocations for interest rates swaps, a major pain point for the buy-side.
Scivantage and Stevens Institute Launch FinTech Incubator Program
The 12-week program supports financial service technology entrepreneurs and early-stage startups.
Beyond Heartbleed: 5 Basic Rules To Reduce Risk
Firms continue to migrate sensitive information into fewer web-based applications with homogenous environments, increasing the potential for damage.
BlackRock to Bring Tradeweb Liquidity into Aladdin Portal
The asset manager announced a strategic alliance with Tradeweb seeking to expand access to liquidity in rates and derivatives.
Stewardship of the Balance Sheet, Part 2: Why Interest Rate Risk Matters
With the threat of rising rates on the horizon, banks are relying on existing “technologies” to avert the danger, such as duration risk, VaR and dynamic simulation, writes David Renz of SunGard's Ambit Treasury Management solution.
Internet of Things: Who Gets the Data?
Connected machines will spark new negotiations along the supply chain.
Nasdaq OMX Expands Information Offering with Macroeconomic Data
Today, Nasdaq OMX announced an exclusive relationship with MasterCard to distribute its detailed reports on consumer spending activity to the buy-side community.
Motif Investing Enters Financial Advisor Market
After raising $35 million in a second funding round, the online site announced a platform for financial advisors along with plans to expand internationally and roll out asset allocation models to self-directed investors.
Bringing Discovery to your Fingertips: Graph Search for Financial Markets
Companies like Google and Facebook are redefining the way we search for information. Now this transformation is coming to financial markets, a complex world in need of a simple way to pinpoint meaningful data.
Nasdaq OMX Rehires Adena Friedman as Co-President
Friedman is leaving the Carlyle Group to return to Nasdaq OMX, where she is reportedly a candidate to become the next CEO.
Stewardship of the Balance Sheet: Why Funding Matters
It may be time for a revival of securitizations — a practice once reviled in the aftermath of the financial crisis — but one that can help make banks’ funding more secure, writes David Renz of SunGard's Ambit Treasury Management solution.
The Great Cosmic Misalignment
How can you truly trust someone whose incentives and interests are so different from your own?
Dark Pool for Dealers Addresses Shortfall in Corporate Bond Liquidity
TMC Bonds and Codestreet have launched the first dealer-only dark pool for US corporate bonds to mine data across a virtual balance sheet.
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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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