Profile of Greg MacSweeneyEditorial Director
Member Since: 5/8/2014
Blog Posts: 734
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology.
Articles by Greg MacSweeney
Covering the financial services technology space for the past 15 years has been a thrilling ride with many ups as downs.
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.
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.
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.
Julio Gomez, the founder of Gomez Inc., has joined data analytics firm Knowledgent as industry strategic partner for financial services.
Looking for new ideas and talented data scientists, BNY Mellon has opened an innovation center in Palo Alto.
Fidelity Labs, Fidelity Investments' 75-person R&D think-tank, has launched StockCity, a virtual-reality view of an investorís portfolio. StockCity uses Oculus Rift to simulate the investment cityscape.
Fidelity Labs, the R&D think tank inside of Fidelity Investments, has launched StockCity for Oculus, a tool that combines virtual reality with data visualization to transform an investorís stock portfolio into a city that conveys information about stocks without a single number or percentage.
Tomothy Massad, the new CFTC chairman, tells derivatives exchanges and clearinghouses they need to strengthen cyber security planning and procedures.
Banks need to improve data sharing and risk management to meet RDA standards.
Mobile trading apps are proliferating in financial services.
CME Group's restructuring will eliminate 5% of the workforce.
Citadel has a long history with cutting-edge technology. Joseph Squeri, the firmís CIO, is happy to leverage its technology platform for newer projects.
Regulatory upheaval has distracted banks from developing innovative technology. When will banks return their focus to building technology for competitive advantage?
The deadline for Risk Data Aggregation (RDA) is approaching quickly. Is your bank ready?
Tom Bayer, CIO for the SEC, has helped the agency improve its systems to better monitor todayís electronic markets.
Data management can get firms only so far. Advanced data analytics is needed for all business lines and for calculating risk, especially with BCBS 239 on the horizon.
Banks are rolling out data analytics projects across the business, but leaders still struggle with data privacy, regulations, and finding business value.
Todayís chief information officers are no longer hardcore technologists. And they arenít pure business leaders either. They need to have excellent business and technology acumen to succeed.
Startup DataFox aims to use artificial intelligence, natural language processing, and big data to provide data on 100,000 private technology companies to financial analysts.
Insourcing is becoming more common as businesses try to leverage newer technologies and tools to create business opportunities.
With more and more mobile devices in use each day, the traditional corporate firewall's limits have been exposed.
Although everyone talks about innovation, actually doing it requires commitment, funding, and a long-term outlook.
The financial services entrepreneur scene in New York is growing rapidly. Here is one of the many startup shared offices in midtown Manhattan.
Every financial technology executive talks about innovation, but few actually practice it.
For the first time the capital markets technology community has an online destination where they can share ideas and content.
If you are still slogging it out over HFT, you are missing the point. The real debate is about market structure.
Agile software development methods have reduced delivery times to three to six months while cutting costs significantly.
Ten years ago Nasdaq OMX moved its matching engines and corporate technology to a Verizon datacenter. The decision turned heads in the financial services world. Today, the practice of utilizing third-party datacenter services is becoming commonplace.
Strategy reduces number of data facilities to 20 from over 80 just five years ago.
Since financial services firms have a high exposure to cloud-based services and applications, it's helpful to know what the cloud is and how it operates. This infographic helps with the basics of the cloud.
Financial services IT shops are in the process of moving from fixed capacity datacenters to strategies that stress flexibility, responsiveness and, above all, lower costs.
Latest version of Eikon also includes desktop integration, Microsoft Office integration and auto-suggest for search.
Over 425 SunGard developers participated in a global 48-hour hackathon to develop new tools and ideas for SunGard clients.
Rather than build massive datacenters that take years to fill, Fidelity Investments has developed Centercore, an incremental, standards-based datacenter design.
Fidelity Investments develops a modular datacenter that can grow at 500 kilowatt increments.
Shifting market dynamics, cost pressures, and maturing technologies are forcing financial services organizations to re-examine their love affair with the traditional datacenter.
Data centers have quickly shifted from the crown jewel of financial services IT to a costly technology albatross.
When community members start commenting on an article, the comments usually come in bunches. This year articles about cybersecurity, high-frequency trading, Elizabeth Warren and big data generated a lot of interest and comments. Here are the articles you were talking about in 2013.
Following rate rigging scandals where traders used chat rooms to communicate, Bloomberg consolidates messaging compliance tools for clients.
Technology has almost advanced to the point where trading strategies can use big data without negatively impacting latency.
After praising the industry's work to complete 65 final CFTC rules to implement Dodd-Frank, Gary Gensler takes aim at LIBOR and says the industry needs to change.
Although markets continued to surge in 2013, this year was mostly a forgettable one for financial services technologists. CIOs are hoping for brighter IT fortunes in 2014.
With budget pressures mounting, financial services firms are turning to user-developed open source hardware standards to help manage enterprise IT costs.
If you are in the market for a data scientist, chances are the search will be long, difficult and costly.
Capital markets CIOs hope that 2014 will allow IT organizations to start working on projects that provide business value, rather than just meet compliance demands.
TradeMonster, the online retail brokerage that launched during the height of the financial crisis, celebrates its anniversary with $5 commissions.
Globally, financial services workers expect larger bonuses, although US-based employees are less optimistic.
Bloomberg Tradebook held its second annual Charity Day on its trading floor in New York. Sean "Diddy" Combs, CC Sabathia, Mark Messier and other celebrities attended the charity fundraiser/costume party to help raise over $1 million in commissions for six different charities.
Microsoft Azure is gaining steam with enterprise users and it could help capital markets firms transition to cloud.
Markit is powering the new industrywide federated IM platform with Thomson Reuters' backing. Where does this leave Bloomberg?
In order to repair IT's reputation, technology leaders need to understand the business and become the first choice of users, not the last.
In the years since the financial crisis, companies have worked to find open source alternatives to enterprise hardware, such as servers, switches, sensors and data storage.
Much like its peers do with complex financial products, Bank of America's technology infrastructure team "marks to market" its technology offerings.
The Johannesburg Stock Exchange reduced latency by relocating matching engines to its own data centers.
Financial services IT expertise is hard to find and locating data scientists is all but impossible, say speakers at SIBOS.
SWIFT says it has no evidence its systems were breached, but documents show SWIFT and Visa are targets of the NSA, according to media reports.
As trading volumes plummet, exchanges are looking for new sources of revenue. One of the most popular new sources is technology.
Regulators make small firms jump through the same data backup hoops as their larger peers.
Thomson Reuters Eikon to provide real-time data for the commodity futures and OTC cleared derivatives markets from Cleartrade Exchange.
Facing investor demands for greater transparency, asset managers will ramp up performance measurement spending through 2017.
SWIFT, which is also expanding into other messaging technology services, is half way to reaching is cost cutting goal by 2015.
Thomson Reuters extends Eikon Messenger to FXall's foreign exchange customer base.
Banks of all sizes indicate they will spend more on IT in 2014, with more allocated to innovation and discretionary spending.
In addition to protecting themselves against hacktivists, banks need to be wary of state-sponsored cybercrime as well as espionage.
Since the 2005 inaugural edition, 120 capital markets technology leaders have been tabbed as Gold Book Honorees. Who will be honored this year?
Running on Nasdaq OMX's FinQloud, Tradier's cloud brokerage solution could eliminate need for data center space for smaller financial providers.
If no one is investing in their employees or providing training, where will the next wave of talent come from?
Employees need career development, training and more, but most companies fail to deliver adequate training once they’ve made the hire.
The founder of a software company says that software development methods have not evolved as quickly as technology, and corporate IT is at fault.
The new NetX360 mobile app is a hybrid native/browser app that takes advantage of many built-in iOS features.
CorvilNet will monitor operational performance across trading platforms to improve transparency, reduce risk and increase regulatory compliance.
Despite spending $100,000 on an education, graduates still need to take spreadsheet analysis courses. Shouldn't schools teach students how to use a fundamental business tool?
Big data, analytics and reducing IT maintenance costs are all priorities for CFOs, according to study.
FX market participants can use IB Dealing to negotiate prices and can integrate chat data with Bloomberg's FX trading platform.
Study finds that U.S. workers have been able to achieve a work-life balance, but still feel like they are underpaid, according to an eFinancialcareers.com survey.
New mobile app provides a look into Fidelity workplace and personal accounts.
News that Bloomberg allowed its reporters to access certain Bloomberg Terminal client data sent the Twitter world on fire. Then, news broke that Goldman Sachs and JPMorgan had contacted Bloomberg asking for an explanation, which fanned the flames. Here are some of the most interesting Tweets about the Bloomberg snooping scandal.
FCA will use market surveillance technology to monitor financial transactions across asset classes.
Analytics unlocked by big data technology could change the way that financial services firms do everything from asset allocation to customer service, according to a report from BNY Mellon.
Hundreds of smaller sites hacked or defaced, but financial institutions, government agencies and companies reported little disruption.
Users can now see minimum, maximum and average packet capture (PCAP) latency data for trade orders on Nasdaq OMX QView Latency Optics product.
New quarterly TRust Index leverages proprietary data, analytics, news and social media sentiment to help determine confidence in the world's financial institutions.
Many banks no longer want to run, support and maintain technology and prefer the speed and flexibility of cloud solutions.
Institutional traders see some value in fixed income electronic trading, but a lack of a regulatory push and the desire to maintain existing business models is causing inertia in the move to electronic trading methods.
American Century names former BlackRock/BGI exec Vinod Chandrashekaran as head of quantitative research.
Joseph Cangemi, who is a member of SIFMA's Equity Markets and Trading Committee, will head ConvergEx Limited in London.
London-based investment management firm selects TradingScreen’s buy side front-office solution including EMS, OMS and risk functionality.
Two separate studies of FinQloud's record keeping and record retrieval solution say the technology will meet stringent regulatory demands.
With 50% annual growth rates in data, financial services organizations are struggling to handle the volume. Some firms are turning to flash memory to improve efficiency and lower costs.
Former SAP and Allianz executive named as group CIO of UBS.
More service providers are offering cloud solutions tailored for financial firms, as costs drop and regulatory concerns are addressed.
Misys is the latest technology provider to offer improved functionality for commercial lending institutions.
In the HFT game, the number of big-time players seems to be thinning. What can firms do to capture a piece of the shrinking HFT pie?
Edward Hazel of Goldman Sachs, Richard Taggart of State Street Investment Management Services and Susan Cosgrove of DTCC Join Omgeo Board of Managers.
OANDA's newest mobile app responds to demands from mobile traders for functionality that matches or exceeds traditional desktop capabilities.
A new 1 million square foot high-rise data center in an old Verizon switching building at 375 Pearl Street opened this week. Here is a view of some of its features -- in pictures.
At 1 million square feet, Sabey Corp.'s data center at 375 Pearl Street will provide data infrastructure services to New York's growing high-tech sector.
The EU's move to T+2 will force the US markets to a shortened settlement cycle (SSC).