Analysis
BaFin Moves Highlight EU HFT Regulatory Discrepancies
Recent moves by the German Federal Financial Supervisory Authority, BaFin, have increased pressure on a number of high-frequency trading (HFT) firms as those registered under a “local license,” or non-Mifid license, won’t be authorized to perform high…
There's No One Way to Justify an IBOR, Reveals Waters Panel
There is no one way to make a business case for an investment book of record (IBOR). Not when an IBOR still means so many different things to different people. That’s why the panelists at Waters’ IBOR breakfast briefing were all over the map when it came…
Waters Panelists: IBOR Must Be Governable, Fit For Purpose
To gain traction, an enterprise-level investment book of record's (IBOR’s) capabilities must be eminently demonstrable and reflect buy-side processes already in place, said panelists at this week’s Waters IBOR Breakfast Briefing in New York.
CPPIB's Jay Vyas: Keep the 'I' in IBOR
When developing an investment book of record (IBOR), it's important that traders and portfolio managers retain ownership of the data and that the IBOR remains an investment function, and not a function of compliance or reporting, according to Jay Vyas,…
AIG's Kotch on Bridging the Cultural Gap in South America
AIG's Mary Kotch discusses the challenges faced when expanding US-based IT programs to Latin America.
Should Kill Switches be Fully Automated?
If it were up to Dave Lauer, technology architecture consultant at Norwegian case-based reasoning specialist Verdande Technology, the surveillance of software-related trading glitches, and the subsequently activated kill switches, would be performed…
Kaminski: Risk Management Investment Must Go Beyond IT
While Wall Street firms have recently thrown money into their risk management systems, that is likely a short-term trend, says Vincent Kaminski. This makes it all the more necessary for asset managers to invest in analysts and give them the ear of the…
US Treasuries' Trading Quietly Under Transformation, Panel Says
At a TabbForum event last week, a quartet of buy-side and sell-side participants highlighted how electronic trading in treasury bonds has advanced in the past 12 months, even if they've done so with little fanfare. Both opportunities and apprehension…
Consolidation, Algo Trading Coming to Corporate Bonds Platforms
At a recent Tabb Group conference on fixed income, a panel measured the electronic future of corporate bonds.
UBS Partners SunGard, HazelTree on New Frontier Platform
UBS's Frontier platform will bring together SunGard's Hedge360 and HazelTree's treasury, cash management, and collateral management tools in a new front-to-back hosted solution for the Swiss bank's hedge fund clients.
CFTC Certifies Javelin’s MAT Submission
The US Commodity Futures Trading Commission (CFTC) has announced the approval of a Made Available to Trade (MAT) submission from Javelin Capital Markets, which operates a swap execution facility (SEF), and has set the mandatory compliance date at…
Industry Hedges Opinion on Mifid II Agreement
A breakthrough in the European Union’s trilogue process heralded an agreement on the Markets in Financial Instruments Directive review (Mifid II) earlier this week, but while industry participants said they were relieved to have progress, it was too…
Markit Eyes Front-Office Push with thinkFolio Acquisition
Markit has acquired London-based portfolio management system (PMS) provider thinkFolio, in a deal that will see the buy-side stalwart join Markit’s enterprise software division.
GPs Pursuing Data-Driven Business Intelligence, Study Finds
A recent study of private equity general partners (GPs) uncovered consistently greater expectations around data management in the space. But progress in meeting those expectations appears to be more uneven.
The Challenges of Managing Liquidity in a Multi-Tranche Universe
Ledgex's Brian Macallister discusses the need for firms to mix liquidity and portfolio management into the same system.
As the OTC Marketplace Evolves, More SEFs May Rise
Equinix's Barry Smith discusses the trends he expects to see in the OTC markets in 2014 and beyond.
Big Data Webcast: Analyze This
As a consequence of their participation in the capital markets, the necessary evils that all buy-side and sell-side firms have been forced to address include mounting data volumes, greater data varieties, and increased data velocity, all of which must be…
LEI's Next Steps
Strapline: Industry Warehouse
Liquity Matches Buyers and Sellers of UK's Private Company Shares
Since its launch in November 2013, Liquity has shown that financial services companies don’t necessarily need to deploy overly complex or ground-breaking technology to be successful in servicing the industry. It can sometimes be as simple as a…
Private Cloud not Just for Tech-Less Funds Anymore
Where private cloud providers used to appeal only to start-up hedge funds, a third of Abacus's new clients are large funds with existing IT staff.
At Nasdaq, 2014 Signals a Change in Market Tech Customers
Nasdaq OMX’s customer base has changed in three ways over the course of 2013. All three began more than a year ago, but have accelerated that pace of late.
The Champions: All the Award Winners from 2013
Waters looks back at all the winners of its various awards programs across WatersTechnology's five brands: Buy-Side Technology, Sell-Side Technology, Inside Market Data, Inside Reference Data and Waters magazine.
A Very Special Year
Since I started at Waters in May, I have learned plenty about what makes the financial services world go round. It has not been a full year yet, but it has certainly been an exciting time, and it has made me realize one thing: From a technology…
2013 in Perspective: The Webcasts
It's been a remarkable year for the financial services industry, and as the leading title covering the applications of IT in the capital markets, Waters has extensively covered developments across all platforms, including our ever-popular webcast series.