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Morgan Stanley Data Theft Exposes Insider Threat & Need for More Restrictions
News  |  1/14/2015  | 
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.
Increasing Cyberthreats Pose Massive Challenge for Financial Firms
News  |  1/8/2015  | 
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.
Clearpool Releases Iris Technology to Meet Needs of Evolving Equities Market
News  |  1/7/2015  | 
Clearpool Execution Services will use Iris technology to improve the way institutional orders are handled and prioritized in different execution venues.
The Clock For Market Structure Change Is Ticking
News  |  1/7/2015  | 
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
News  |  1/5/2015  | 
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
News  |  1/5/2015  | 
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
News  |  1/5/2015  | 
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.
Next Year, Aim for Communication & Clarity of Cloud Apps
News  |  12/30/2014  | 
Capital Markets Outlook 2015: Enterprises will better manage their cloud exposure by offering enterprise versions of consumer applications and alternative apps vetted by security.
Universities Increasing Programs for Data Scientists
News  |  12/29/2014  | 
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.
As Market Matures, Fintech Startup Winners Will Emerge in 2015
News  |  12/23/2014  | 
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.
Financial Firms to Struggle With Growing Social Infrastructure in 2015
News  |  12/22/2014  | 
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.
Where Should You Spend Your IT Budget in 2015?
News  |  12/19/2014  | 
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.
Global Banks Need to Demonstrate RDA Progress in 2015
News  |  12/18/2014  | 
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
News  |  12/17/2014  | 
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.
Financial Services Institutions Gear Up for Social Intelligence
News  |  12/12/2014  | 
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.
Finding 'Technology Alpha' Can Mitigate TCO
News  |  12/10/2014  | 
A new TABB Group model demonstrates how revenue per employee can help mitigate high total technology spending costs.
Trad-X SEF Reaches $1T Volume Milestone
News  |  12/9/2014  | 
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?
News  |  12/8/2014  | 
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.
ICE Licenses Swap Futures Methodology From Eris Exchange
News  |  12/5/2014  | 
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
News  |  12/4/2014  | 
Julio Gomez, the founder of Gomez Inc., has joined data analytics firm Knowledgent as industry strategic partner for financial services.
IPC Systems Looks to Expand Compliance-Related Apps Under New Owner
News  |  12/3/2014  | 
Centerbridge Partners LP will look to expand IPC's Unigy software-based trading platform and its mission-critical data and network services.
TCO for Front Office Employees Nearly $500K, TABB Reports
News  |  12/3/2014  | 
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
News  |  12/2/2014  | 
As Jefferies beefs up its algorithmic trading business, the broker chose Markit to provide trading metrics and reports to the buy side.
BNY Mellon Aims to Tap Data Science Talent In Silicon Valley
News  |  12/2/2014  | 
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
News  |  12/1/2014  | 
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.
A Conversation About Bitcoin Exchanges
News  |  12/1/2014  | 
Platform providers are drawing upon experience with high-frequency trading and fintech to create infrastructure for virtual currency exchanges.
FIX for Post-Trade Gains Traction: How Far Will It Go?
News  |  11/25/2014  | 
A group of heavyweight asset managers has collaborated on a solution for non-US trade confirmations and affirmations that is fueling interest in FIX for post-trade use as an alternative to Omgeo's Central Trade Manager.
FIX Trading Community Revamps Efforts to Address High-Performance Trading
News  |  11/24/2014  | 
The nonprofit industry standards body said it has combined all initiatives related to the support of FIX for high-performance trading and market data under a single working group.
Wall Street Horizon Appoints Industry Veteran Bruce Fador as President
News  |  11/21/2014  | 
Demand for stock calendar event data services is increasing among quants. Wall Street Horizon appointed Bruce Fador as president to push growth into other sectors.
Evercore ISI Selects REDI's Multi-Broker Network
News  |  11/19/2014  | 
REDI's independent trade management platform will provide access to Evercore ISI's electronic execution platform for US equities.
Fidelity Debuts Oculus Rift-Based Virtual Investment App
News  |  11/19/2014  | 
Fidelity Labs, Fidelity Investments' 75-person R&D think-tank, has launched StockCity, a virtual-reality view of an investor’s portfolio. StockCity uses Oculus Rift to simulate the investment cityscape.
Exchanges Gain as Equity Volumes Hit 3-Year High
News  |  11/18/2014  | 
With the return of volatility last month, exchange volumes surged 29%, off-exchange share slipped, and one dark pool closed up shop, according to analyst market structure reports.
WallachBeth Hires CTO to Boost Broker's Quantatitve Skill Set
News  |  11/13/2014  | 
To navigate increasingly complex markets, WallachBeth Capital hired quant trading veteran Matthew Rowley as CTO, who previously worked at Credit Agricole Cheuvreux and financial software provider Fidessa.
Bitcoin 101: Why It's Attracting Wall Street Investment
News  |  11/12/2014  | 
Despite its infancy, Bitcoins are being called one of the greatest developments of the new financial services landscape. Here's why.
Finra to Focus on Fixed Income ATSs & Algo Providers
News  |  11/12/2014  | 
Finra CEO Richard Ketchum outlines plans for requiring brokers that use fixed-income "RFQ systems" to provide more pre-trade price transparency to customers. In equities, Finra wants to register firms involved in designing algorithms.
Enterprise Exposure to Cloud Apps Rises, Security Controls Spread Thin
News  |  11/12/2014  | 
The average number of cloud services used in financial services has jumped to 844. Security risks are greater than many perceived. Can IT keep up?
SEC Chairman Discusses Rule Changes on HFT
News  |  11/11/2014  | 
SEC Chair Mary Jo White discussed HFT and the agency's plans for equity market structure in 2015 in a video interview with Bloomberg Market Makers at the SIFMA annual meeting.
Nasdaq OMX Won Over SIP Committee With Latency Reductions & Tech Upgrades
News  |  11/7/2014  | 
Nasdaq OMX's plan to move the SIP to the INET technology platform, coupled with ongoing reductions in latency and plans for hot/hot disaster recovery, influenced the committee's final decision.
CFTC Increases Cyber Security Oversight for Market Structure Entities
News  |  11/6/2014  | 
Tomothy Massad, the new CFTC chairman, tells derivatives exchanges and clearinghouses they need to strengthen cyber security planning and procedures.
Banks, Bitcoin & the Blockchain
News  |  11/5/2014  | 
The Bitcoin Blockchain could offer benefits to banks that are willing to experiment with it.
Nasdaq OMX Expands Market Access in Chicago for Futures & Options Trading Community
News  |  11/5/2014  | 
Nasdaq will open a point of presence (PoP) in Chicago, enabling traders in the midwest to connect with the eSpeed bond trading platform as well as Nasdaq cash equity and equity derivatives markets.
BATS Appoints Markets Expert Chris Concannon President
News  |  11/4/2014  | 
BATS hires Concannon, a former Nasdaq executive, as it continues to integrate Direct Edge and looks to build upon recent successes in equities and options.
BGC Partners Hires Javelin Founder James Cawley to Strengthen Its Offering
News  |  11/3/2014  | 
The move is the latest step taken by BGC Partners to grow its derivatives trading business while competition is heating up among D2D and D2C platforms.
Happiness Resumes on Wall Street: Three-Quarters Expect Bonus in Survey
News  |  11/3/2014  | 
With volumes picking up and the IPO market strong, US financial services professionals are very confident about receiving a bonus this year, and 60 percent are expecting an increase.
Fidelity Survey: Mobile Financial Apps Bring Higher ROI
News  |  10/29/2014  | 
A Fidelity survey found that investors relying upon mobile finance apps are more engaged with their finances, with over 40% earning a 20%-plus return over the past 12 months.
ITG Adopts Machine Learning Techniques to Boost Fills in Dark Pools
News  |  10/27/2014  | 
To find natural liquidity from investors, ITG launched an optimizer that learns from its trades to allocate different order type combinations across 25 dark venues.
Cyber Risk Is a Top Concern, 84% Tell DTCC
News  |  10/23/2014  | 
DTCC released its recent "Systemic Risk Barometer" survey showing that cyber risk is among the global financial industry's top five concerns, along with the impact of new regulations.
Droit Taps Industry Veterans as Advisors to Its Derivatives Compliance Platform
News  |  10/22/2014  | 
Droit Financial Technologies appointed former ISDA CEO Robert Pickel, fintech specialist Mark Beeston, and former UBS executive Seth Cohen to join a new advisory board that will broaden the conversation about derivatives compliance.
Wall Street Seeks Edge From Operational Alpha
News  |  10/21/2014  | 
Alpha was a front-office term, but now banks and brokers are looking to the middle and back office for profitability.
Teradata Highlights 'Data Driven' Strategy at PARTNERS 2014
News  |  10/20/2014  | 
In-memory efficiency and tools to identify contextual relationships across systems take center stage at Teradata annual PARTNERS conference.
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