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News & Commentary
Content tagged with Data Management posted in May 2013
Structural Change In The Credit Markets
Commentary  |  5/31/2013  | 
An 80-ton boulder that has only started to roll.
Broker Dealers to Comply with Canada's Regs on Automated Trading Risk Controls
News  |  5/31/2013  | 
Succession Systems said that Newedge deployed its software to check orders in real time before they are submitted to exchanges in Canada and the U.S.
Key Banks, Clearing and Trading Firms to Support NLX
News  |  5/30/2013  | 
The likes of BNP Paribas, Newedge, DRW Trading and Getco Europe said they plan to contribute liquidity and open interest to Nasdaq OMX's NLX platform to create a competitive market for short and long-term interest rate derivatives.
Capital Markets: Managing Intelligence Optimization vs. Big, Diverse Data
Commentary  |  5/29/2013  | 
The dialogue on big, diverse data has been changing in capital markets during the last few months, and for the better. Now firms are engaged in a process to harvest and exploit untapped knowledge, which is more about business insights or intelligence optimization -- BIO -- versus big data.
Citi Launches Open and Close Algos in Major Trading Tech Upgrade
News  |  5/28/2013  | 
Citi introduces new functionality that helps buy side clients participate in the key minutes around the opening and closing market auctions as well a redesigned order ticket and smart order router.
Mobility Meets BYOD: Trade U.S. Equity Options on Your iPhone or iPad
Commentary  |  5/28/2013  | 
Eyeing U.S. options traders who need speed, startup iVerit is offering real-time mobile data and professional analytics to consumers of Apple mobile devices.
Newedge Joins LCH.Clearnet's SwapClear
News  |  5/28/2013  | 
The multi-asset brokerage and clearing firms said Newedge US and Newedge UK will utilize SwapClear, the major clearing service for interest-rate swaps.
Czech Republic's RSJ Chooses KX Systems for Algo Trading
News  |  5/24/2013  | 
A big derivatives trader on NYSE Liffe and other derivatives markets, RSJ is using KX's high-performance database and language to collect and query vast quantities of data and to test models and strategies.
CFOs Increasingly Cite Technology As Critical For Success
News  |  5/24/2013  | 
Big data, analytics and reducing IT maintenance costs are all priorities for CFOs, according to study.
Bloomberg's Chat-Based FX Trading Tool Attracts Citi, As Banks Reportedly Seek Chat Alternatives
Commentary  |  5/23/2013  | 
Bloomberg announced IB Dealing, a new chat-based FX trading tool for subscribers with Citigroup as a client, amid reports that Citi and other Wall Street banks are building their own alternative chat platforms.
Bloomberg Releases FX Chat Tool To Meet Compliance Demands, Gain Efficiencies
News  |  5/23/2013  | 
FX market participants can use IB Dealing to negotiate prices and can integrate chat data with Bloomberg's FX trading platform.
It's More About "Wide Data" Than Big Data
News  |  5/21/2013  | 
Financial services organizations know that they can handle vast amounts of data, since they have been doing it for decades. To succeed with big data initiatives, firms need to think of data's breadth and reach across an organization.
When It Comes To Big Data, Do The Benefits Outweigh The Risks?
News  |  5/21/2013  | 
Having the systems and capability to process mass amounts of data is a benefit to a financial firm, but the same capabilities could create data security and privacy risks.
Barclays Commits to Reporting Volumes of Dark Pool
News  |  5/20/2013  | 
The investment bank confirms its plan to continue reporting volumes in its dark pool LX, on a monthly basis, following the decision by the No. 1 dark pool operator Credit Suisse to go dark.
Market Structure Drives the Buy Side to Seek New OMS/EMS Systems —Study
News  |  5/20/2013  | 
Buy side firms need sophisticated tools to navigate the market structure as well as analytics and connectivity to alternative trading venues, but cost pressures are an obstacle to upgrading their OMS/EMS platforms, according to Greenwich Associates' study.
Bloomberg Taps Former IBM CEO As Privacy and Data Advisor
News  |  5/17/2013  | 
Bloomberg announced that it hired Samuel Palmisano to serve as an independent adviser. Hogan Lovells, of Promontory Financial Group, and Clark Hoyt, of Bloomberg News, were also hired.
Bloomberg Snooping Scandal Prompts Reaction from Goldman
Commentary  |  5/15/2013  | 
Wall Street firms like Goldman Sachs could look to reduce their reliance on the dominant data and analytics terminal in response to the firms' reporters being allowed to spy on customer data.
Arialytics Unveils Predictive Analytics Platform
News  |  5/15/2013  | 
Aimed at asset managers and hedge funds, the platform enables investors to test their investment ideas without getting bogged down in data sets and modeling.
Culture Clash: Transparency Versus Proprietary Data at Bloomberg
Commentary  |  5/15/2013  | 
The news media requires transparency and openness, while trading on Wall Street thrives on minimizing information leakage and protecting proprietary data.
Asset Managers and Hedge Funds Face Swaps Clearing Deadline
Commentary  |  5/14/2013  | 
Buy side firms preparing for mandatory swaps clearing need to finalize selections of CCP and FCMs as well as onboard clients and test systems by June 10 deadline, according to Woodbine Associates' whitepaper.
Is Your Bloomberg Terminal Spying On You?
News  |  5/14/2013  | 
After Goldman Sachs discovered that Bloomberg journos were keeping track of their viewing habits over their Bloomberg terminals, traders have some decisions to make about the company that provides their market data, trading tools, IM and more.
Welcome to the New Quants: Data Scientists
Commentary  |  5/13/2013  | 
There's a lot of buzz around the role of the data scientist, which is wrapped up with Big Data and developing new approaches for analysis of financial markets.
EBS Direct is Live with 4 Liquidity Providers
News  |  5/13/2013  | 
Commerzbank, Goldman Sachs, J.P. Morgan and Morgan Stanley have completed trades on EBS DIrect, a new relationship-based disclosed liquidity service with streaming prices tailored to consumers.
Big Data Could Transform Global Financial Markets
News  |  5/10/2013  | 
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.
Credit Suisse Sues Former VP Over Secrets
News  |  5/10/2013  | 
She took a job with rival Goldman Sachs and allegedly e-mailed customer files to herself. And now CS wants to stop her. Can they?
Europe's MTS to Launch an E-Bond Platform for U.S. Institutions as Interest Heats Up
Commentary  |  5/10/2013  | 
The European electronic fixed income marketplace will allow the buy side to directly access prices and execute European and U.S. government, agency, mortgage, and corporate bonds with major dealers.
DataArt Launches Free Form PF Software for Hedge Funds
News  |  5/9/2013  | 
As an alternative to licensing expensive software, DataArt is offering free Form PF software that simplifies the implementation of automated filings for hedge funds/investment advisers.
OCC Names BNY Mellon's Messinger to Board of Directors & 2 More
News  |  5/8/2013  | 
The equity derivatives clearing organization named three new members to its board of directors, including Craig Messenger who is head of trading and trading risk at BNY Mellon.
Financial Services Trust Index Debuts
News  |  5/7/2013  | 
New quarterly TRust Index leverages proprietary data, analytics, news and social media sentiment to help determine confidence in the world's financial institutions.
Susquehanna Renews with SunGard for Compliance
News  |  5/7/2013  | 
Institutional broker dealer Susquehanna Financial Group extended its relationship with SunGard's Protegent as the firm’s platform for trading compliance of its institutional equities trading business.
Text Analytics: Knowing Customer Sentiment Has Bottom Line Benefits
Commentary  |  5/7/2013  | 
Financial institutions need to do more with data collected during interactions with customers. Text analytics could be part of a complete data analytics solution that providers brokers, advisors and customer service representatives with a better picture of the customer.
Thomson Reuters to Launch China Interbank FX Rates via Eikon
News  |  5/7/2013  | 
Eikon will offer integrated real-time FX data from the China Foreign Exchange Trade System (CFETS), the official interbank trading and FX division of China’s central bank.
Taiwanese Bank Extends License with Fenics for FX Options System
News  |  5/6/2013  | 
Already a customer for 10 years, E.Sun Commercial Bank will extend its license of Fenics Professional in foreign exchange options to streamline procedures and gain functions such as volatility surface management.
Countering HFT Exclusives, CME-Nasdaq Launch Microwave Connectivity for Market Data
News  |  5/3/2013  | 
Citing customer demand, CME and Nasdaq are linking their Carteret and Aurora data centers to transmit market data over a microwave network in under 4.25 milliseconds, which is faster than fiber.
DTCC Sues CFTC Over Swap Data Repository Rules
Commentary  |  5/3/2013  | 
The industry-owned utility is asking a federal court to overturn the CFTC's approval of rules allowing CME and ICE to run SDRs.
Markit Launches CLO Pricing Service
News  |  5/2/2013  | 
The service uses observable market data and models to offer a transparent approach to CLO pricing.
HFTs Chase Speed Despite Risks and Regulations
News  |  5/2/2013  | 
Like an addict chasing the next high while evading their family, the police and reality, high frequency traders are in a similar state of denial.

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