Top Stories of 2016: Best of the Sell Side
Distributed-ledger technologies, cyber security and regulation grabbed headlines this year.
As 2016 comes to a close, many of the technologies that were talked about in 2015 continued to draw attention. Distributed-ledger technologies and cybersecurity were, once again, top-of-mind for most folks in the industry.
New forms of innovation, whether it's use cases for machine learning or exchanges implementing speed bumps, were also hotly debated topics. And, as always, regulation earned plenty of headlines as well.
In an effort to give you a complete view of the entire year, we've compiled 10 of our best stories, along with two of our best Waters Wavelength podcasts, all focused on the sell side. So take some time to look around, and enjoy.
The Industry Reacts to Dark Pool Fines
Barclays and Credit Suisse were forced to pay over $150 million in fines due to violations around the operation of their dark pools. WatersTechnology spoke to two analysts and a dark pool operator about what the penalty meant for the industry.
Apple vs. the FBI: A Fight That Could Turn Ugly
The FBI-Apple battle over access into an encrypted iPhone owned by one of the San Bernandino attackers drew national headlines. WatersTechnology spoke to sources in the industry to get perspective on the case from the point of view of the financial services space.
Industry Reactions to Markit-IHS Merger
Every year seems to bring on a new crop of mergers and acquisitions, and 2016 was no different. However, one of the biggest of the year came in the form of a merger between Markit and IHS, two firms that seemed to have very little overlap.
An Open-Source Audit: Where Financial Firms Are Turning to Open Source
Financial firms are no stranger to open source, but there has been a significant increase in the use of the technology in recent years. On the back of a feature looking at open source, WatersTechnology talked to three firms about specific projects they were conducting in the open-source space.
What Price Brexit: How Will FinTech Be Affected?
The UK's vote to leave the European Union was one of the biggest stories of the year. From an industry perspective, one of the first questions asked was what kind of impact Brexit could have on London's thriving fintech community.
Does Blockchain Have a People Problem?
There was arguably no bigger topic in 2016 than distributed-ledger technologies (DLT). But for all the hype DLT receives from firms' senior executives, how keen are the folks in the back office about implementing the new technology when it could eventually put them out of a job?
SigOpt's Machine Learning Looks to Improve Big Banks' Fraud Detection
Interest in use cases around machine learning was on the rise in 2016. One of the first areas where financial firms have been able to demonstrate true value is in fraud detection, as was evident in SigOpt's offering.
Debate Rages on Over Chicago Stock Exchange's Speed Bump
The SEC's approval of IEX as a national exchange drew plenty of attention in 2016 (more on that later), but that wasn't the only speed bump that made noise. The Chicago Stock Exchange also announced plans to implement a speed bump of its own, to mixed reviews.
Clock Synchronization for CAT Plan Still Lacking, Sources Say
The Consolidated Audit Trail (CAT) took a major step forward this year when its national market system (NMS) plan gained regulatory approval in November. However, while the SEC approved the plan laid out by the self-regulatory organizations (SROs), not everyone in the industry was as supportive.
Accenture Makes the Case for an Editable Blockchain
One of the biggest issues regarding the practicality of blockchain implementation in financial services is around its immutability. Consultancy Accenture believes it found a way around the finality of the technology. Others feel it's stripping out the core of what makes DLT so special.
Waters Wavelength Podcast Episode 33: IEX's Ronan Ryan
As mentioned above, IEX's approval from the SEC was one of the bigger stories of the year. The exchange's president, Ronan Ryan, chatted with WatersTechnology about gaining regulatory approval and the next steps for IEX.
Waters Wavelength Podcast Episode 41: BNY Mellon CIO Suresh Kumar
The head of tech at BNY Mellon talks with WatersTechnology about open source and how to tackle the ongoing streams of regulations.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Preparing for the gathering storm
The Markets in Crypto-Assets (Mica) regulation came into force across the European Union on June 29 to enhance the transparency and integrity of the industry’s burgeoning crypto markets. Travis Schwab, CEO of Eventus, discusses his firm’s Mica strategy…
American Bankers Assoc. asks SEC: Do you know what you’re doing?
The industry group disagrees severely with regulators’ interpretation of the Financial Data Transparency Act, hinting at possible legal action in a recently published comment letter.
DORA will change the buy vs. build debate… maybe
Waters Wrap: With DORA’s deadline looming, trading firms are having to reassess their long-term tech strategies. Anthony wonders if that means more building and less buying.
The SEC needs a hand with artificial intelligence
The SEC wants to take a tough stance on AI, but it has a talent problem… or a marketing problem. Or both…
Off-channel messaging (and regulators) still a massive headache for banks
Waters Wrap: Anthony wonders why US regulators are waging a war using fines, while European regulators have chosen a less draconian path.
Banks fret over vendor contracts as Dora deadline looms
Thousands of vendor contracts will need repapering to comply with EU’s new digital resilience rules
Chevron’s absence leaves questions for elusive AI regulation in US
The US Supreme Court’s decision to overturn the Chevron deference presents unique considerations for potential AI rules.
Aussie asset managers struggle to meet ‘bank-like’ collateral, margin obligations
New margin and collateral requirements imposed by UMR and its regulator, Apra, are forcing buy-side firms to find tools to help.