Content posted in May 2014
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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.
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.
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.
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.
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.
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.
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.
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.
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?
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.
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 Flash Crash – And Near Misses – Four Years Later
In all seriousness, regulators need to continue to think of the Flash Crash as a possible precursor to a meltdown of the global financial system, writes Walter Ferstand of NICE Actimize.
A New Vision for Managed Services in Capital Markets
Reusing people, processes and technology wherever possible — helps firms reduce total cost of ownership (TCO) and achieve economies of scale, writes SunGard's John Avery.
Don’t Let "Flash Boys" Throw the HFT Baby Out with the Bathwater
Whether it's "Flash Boys" or four years since the Flash Crash, regulators should not come down against HFT without examining the pros and cons, argues Dev Tyagi of Supermicro UK.
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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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