2013 Cover Stories: The Sell Side
It's been a remarkably busy year for the sell side. From coping with new regulation, to the birth of swap execution facilities in the US, to continuing pressures on resources and cost, it's hard to say that it's not been a challenging environment for banks, brokers and exchanges alike.
Many have made it into a success, though, building out new technology, acquiring rivals or establishing themselves firmly in the plumbing of the market. We profiled four executives from the sell side this year, all of whom make for interesting interview subjects, and are doing remarkable things at their respectrive institutions.
Suresh Kumar, BNY Mellon
Chief Information Officer
As CIO of the oldest banking institution in the US, Kumar's challenges are many and complex. But a bit of background reading into his past shows that this isn't the first time he's grappled with issues the size of titans. After pioneering online brokerage at Pershing ─ a two-year job that turned into 26 ─ and conquering mobile at the bank, he's now turning his attention to so-called big data.
Bob Schmeider, Société Générale Corporate and Investment Bank
Chief Technology Officer, Americas
Science degrees and engineering backgrounds are easy to find in the financial services industry. The mathematical calculations and structured way of thinking are important, particularly as trading turns more and more towards algorithms and machines. For Bob Schmeider, though, interviewed just before SocGen's move to its new offices, this paid off in a different way entirely.
Iwona Sroka, Krajowy Depozyt Papierów Wartościowych (KDPW)
President and Chief Executive Officer
When it comes to spreading out from under the auspices of Soviet communism, few countries have taken such strident steps as Poland. At KDPW, the nation's central securities depository, it's been a lengthy, elaborate process to upgrade the country's market infrastructure to support the needs and particulars of modern trading, which Iwona Sroka is continuing to push forward.
Edwin Marcial, IntercontinentalExchange (ICE)
Chief Technology Officer
Edwin Marcial may not like the upstart label attached to ICE, but in all honesty, it's probably the most apt buzzword to describe the Atlanta-based exchange group, which shocked the world this time last year by announcing that it would acquire NYSE. Looking forward, Marcial's most challenging period at ICE is set to begin, as it integrates one of America's most iconic institutions.
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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Ice moves to meet demand for greater cloud, AI capabilities
The exchange also outlined competitive advantages behind managing its data and cloud strategy internally during its Q1 earnings call on Thursday.
FactSet looks to build on portfolio commentary with AI
Its new solution will allow users to write attribution summaries more quickly and adds to its goal of further accelerating discoverability, automation, and innovation.
How Ally found the key to GenAI at the bottom of a teacup
Risk-and-tech chemistry—plus Microsoft’s flexibility—has seen the US lender leap from experiments to execution.
The IMD Wrap: Beginning of the end for data audits?
This week, there’s exciting news for data bean-counters in the form of a partnership between two vendors that could change the way we view and track data usage and audits.
S&P debuts Spark Assist genAI copilot, draws up ‘Blueprints’ of combined datasets
S&P’s Kensho subsidiary has rolled out new emerging tech products leveraging AI to explore and combine the vendor’s wealth of datasets to solve common use cases.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- DTCC urges affirmation focus ahead of T+1 move
- FactSet looks to build on portfolio commentary with AI