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News & Commentary
Content tagged with Data Management posted in February 2013
Data Opportunities: The Concepts Don't Change Over Time
News  |  2/28/2013  | 
Data volumes are growing and the technology is better, but the fundamental principles of data analysis remain the same.
CIBC Profit Falls 4 Percent on Lehman Brothers Charge
News  |  2/28/2013  | 
Canadian Imperial Bank of Commerce reported a 4 percent drop in quarterly profit on Thursday due largely to a C$148 million charge for a legal settlement with bankrupt U.S. bank Lehman Brothers.

The Analytics Solution To Elusive Alpha
News  |  2/27/2013  | 
Unless you're consistently more lucky than good, using newer data analytics tools seems like your best bet at finding new alpha.
Finally the Right Time for Swap Futures
News  |  2/27/2013  | 
While swap futures in the past have not gained traction, the market environment today is ripe, as there is impetus for firms to adopt risk-equivalent, low-cost alternatives to cleared swaps.
Europe's Small Stocks Lure Fresh Cash, Set to Take Off
News  |  2/25/2013  | 
Shares in Europe's smaller companies are starting to attract fresh investors and should outperform larger firms this year as the continent's relative minnows belatedly felt the impact of central bank stimulus.

Down Mexico Way
Commentary  |  2/22/2013  | 
Market structure in Mexico leads the way for Latin American electronic trading with some serious new infrastructure and support for local institutional trading and north to south flow from statistical arbitrage.
Oracle Financial Services Introduces New Enterprise Model Risk Application
News  |  2/21/2013  | 
New product for model risk helps financial institutions meet regulatory demands.
Finding Alpha in the New Normal
Commentary  |  2/21/2013  | 
Adapting to the new normal of the equity markets, diversifying into other asset classes, and confidently managing the risks for healthy returns can be achieved by understanding, managing and analyzing data.
Forecasters Caught Napping by Pace of Currency Moves
News  |  2/20/2013  | 
Rapid moves in foreign exchange markets have sent strategists scrambling to revise 2013 forecasts as resurgent currencies outpace price predictions.
Thomson Reuters Adds Metals Analysis and Research to Eikon
News  |  2/20/2013  | 
Thomson Reuters integrates Thomson Reuters GFMS analysis to provide Eikon customers with access to research and forecast analytics for the precious and industrial metals markets
Fidelity Investments 2012 Profit Dips, Customers Flee Stock Funds
News  |  2/15/2013  | 
Fidelity Investments on Friday said profit in its financial services business dropped 29 percent in 2012 as customers pulled $24.4 billion from the company's actively managed stock funds.

AQR Picks Exegy for Low Latency Market Data, Feeding its Trading and Research Systems
News  |  2/15/2013  | 
AQR Capital Management will deploy Exegy's ticker plant and enterprise market data system in a colocation site to process foreign exchange, equities and futures data.
Gleacher Ends Search for a Buyer; Shares Slump
News  |  2/15/2013  | 
Shares of Gleacher & Co Inc lost more than a quarter of their value after the investment bank ended its search for a potential capital infusion or a buyer and agreed to sell its mortgage lending unit ClearPoint to Ocwen Financial Corp.

Buy Side Could Seek Alpha in Post-Trade Data
News  |  2/14/2013  | 
While the traditional focus has been on TCA and best execution, buy side firms can also add returns to the bottom line by reconciling their bills and contracts with brokers.
Morgan Stanley Lifts Risk-Weighted Asset Reduction Target
News  |  2/14/2013  | 
Morgan Stanley expanded its risk-weighted asset reduction target, a move that will help the Wall Street bank's capital levels under new rules and potentially boost shareholder returns.

Selerity Raises $3 Million from Top Financial Info. Execs
News  |  2/13/2013  | 
The likes of Tom Glocer, former CEO of Reuters, and Lee Olesky, CEO of Tradeweb, invested in Selerity's series B financing, which the company will use to accelerate development of its Alerts platform.
Thomson Reuters Revenue Outlook Disappoints
News  |  2/13/2013  | 
Thomson Reuters' revenue forecast for 2013 failed to impress Wall Street and the shares fell 3 percent, overshadowing bullish remarks from Chief Executive James Smith that his turnaround plan was gaining traction.

Thomson Reuters Eikon Sees 33% Installation Growth, But Revenue Outlook Disappoints
News  |  2/13/2013  | 
Thomson Reuters' revenue forecast for 2013 failed to impress Wall Street and the shares fell 3 percent.
5 Risk Indicators that Led to the Mortgage Mess
News  |  2/13/2013  | 
A civil lawsuit by the Justice Department against Standard & Poor's shines a light on faulty ratings. But savvy traders at Goldman and Paulson & Co. saw early warning signs of the mortgage crisis in 2006 and 2007.
Semantic Search Takes Thomson Reuters Eikon to New Levels
News  |  2/13/2013  | 
Eikon 3.0 offers geospatial analysis functionality and free-text semantic search capabilities that make performing complex financial analysis as easy as using a Google search box.
Where's the Transparency in Order Routing?
News  |  2/12/2013  | 
Buy-side firms are diving below the surface to find out where their orders are being routed.
Javelin Joins IPC's Financial Extranet for Connectivity to SEFs Under Dodd-Frank
News  |  2/11/2013  | 
As it prepares for new OTC derivatives execution rules, Javelin Capital Markets joined the IPC Connexus' network to help its clients capture liquidity and seek best execution under Dodd-Frank.
Asset Classes - What's the Difference?
Commentary  |  2/11/2013  | 
Despite the naysayers, OTC derivatives and fixed income will move towards a unified, electronic trading model. In the future, trading systems won't be about asset classes, it will be about the availability of liquidity.
Canada Wealth Managers See Shift to Equities in 2013
News  |  2/11/2013  | 
Buoyed by rising global stock markets, Canadian asset managers are increasingly certain that 2013 will be the year that investors who were burned by the financial crisis make a return to equity-linked products.

Currency Sparks Rekindling Volatility
News  |  2/11/2013  | 
Sudden swings in currency rates are refiring measures of future global markets volatility, pushing these risk gauges back towards what some will see as more realistic and even healthier levels.

Financial Firms Overhaul Data Management Strategies
News  |  2/11/2013  | 
As capital markets organizations focus on ways to reduce risk, data management is receiving a top-to-bottom makeover.
Quantopian Looks to Break Wall Street's Lock on Algorithmic Trading
News  |  2/8/2013  | 
The Internet startup has created a browser-based platform where anyone with a mind for quantitative finance can learn to code, backtest algorithms and share them with others.
The New Old School
Commentary  |  2/8/2013  | 
Given the complexity of today's market structure, regulatory matrix and trading technology, traders need to quickly assimilate a wide range of "Breaking News" topics and industry trends to keep pace with their core responsibilities: sourcing liquidity while minimizing execution costs.
Hedge Funds Trade on Ahead of Argentine Debt Showdown
News  |  2/8/2013  | 
Hedge funds are actively trading in Argentina's choppy markets ahead of its legal showdown with rebel sovereign bondholders later this month.

EU Agrees New Derivatives Rules, Stalls Again on Bank Capital
News  |  2/7/2013  | 
European Union lawmakers pressed ahead with new rules for derivatives on Thursday, helping the bloc meet one global pledge to make markets safer as it struggles to meet another on raising bank capital levels to diminish risk.

Beyond Cost-Cutting: Why Open Source Software Is Gaining Traction on Wall Street
News  |  2/7/2013  | 
Financial firms need to take an active role in adopting and governing OSS's broader usage, according to Black Duck Software's CEO.
Swaps Exchange Gears Up for Dodd Frank Mandates
News  |  2/6/2013  | 
Preparing to go live in 2013, trueEX LLC, a CFTC-regulated swaps exchange, chose Interactive Data Corporation's 7ticks global network for hosting and supporting its matching engine architecture.
Mexico Revamps Infrastructure to Compete on the Global Stage
Commentary  |  2/6/2013  | 
Latin America as a whole is demanding a lot of attention at the moment, but, argues Alice Botis, Head of Latin American Business Development at Fidessa, it’s critical to recognize the individual nuances of each country. Here, she throws the spotlight on Mexico.
Price Manipulation Risk – The Big Unknown
News  |  2/5/2013  | 
Despite efforts to strengthen controls, the Libor scandal and recent valuation problems with JP Morgan's "London Whale" trade point out that banks still have exposure to price manipulation risk.
NYSE Euronext to Cut Costs Ahead of ICE Sale
News  |  2/5/2013  | 
NYSE Euronext has pledged to reduce costs further to offset slower trading as it prepares for this year's planned sale to IntercontinentalExchange (ICE).

Dell to Go Private in $24.4 Bln Deal
News  |  2/5/2013  | 
Computer maker Dell Inc will go private in a $24.4 billion deal that also involves Microsoft Corp and private equity firm Silver Lake, the parties said on Tuesday.

U.S. Banks' Commodities Revenue Drops by a Third - Consultant
News  |  2/5/2013  | 
Commodities revenue at top U.S. banks tumbled by a third in the fourth quarter as tougher regulation curbed activity amid lacklustre markets and sluggish demand for hedging, consultancy Tricumen said on Tuesday.

Stock Rally Tempers Hedge Funds' Negative Bets
News  |  2/4/2013  | 
Hedge funds are trimming outright negative bets on stocks in favour of a strategy more suited to a rising market but which could still make a profit if the rally falters.

The Buy Side Wants Transparency, So Get Ready for Big Data
Commentary  |  2/1/2013  | 
Equity traders are concerned about how many "hops" their orders are taking in the electronic marketplace, so FIX message tags are a hot topic on the buy side.
Swap Dealers Go to Washington, Demand a Level Playing Field
News  |  2/1/2013  | 
Derivatives firms are concerned that lower margin levels and block trading thresholds will make futures cheaper and potentially hurt swap contracts.
Petabytes of Data? Analyzing Endless Data To Create Value
Commentary  |  2/1/2013  | 
As the size of the data warehouse grows, Wall Street firms must invest as heavily in data analytics as they do hard disks.
Legg Mason Reports Quarterly Loss, CEO Search Progress
News  |  2/1/2013  | 
Legg Mason Inc reported a quarterly loss on Friday on charges for impaired assets and continued outflows from its equity and bond funds, and said it should name a permanent chief executive soon.

Money Manager Franklin Profit Grows 7 percent, Shares Up
News  |  2/1/2013  | 
Money manager Franklin Resources Inc , which runs the Franklin and Templeton funds, said Friday its quarterly profit grew 7 percent, beating analysts' expectations even as additional investments from customers slowed to a trickle.

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