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.
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.
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.
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.
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.
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.
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.
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.
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.
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.