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Big Brother Is Watching: Compliance Envelops the Business
As regulatory reform and an enhanced level of scrutiny falls on practices within investment banks, compliance departments are finding themselves increasingly involved with all areas of a business. In this era of a more proactive approach to oversight,…
June 2012: Terrifying Stuff
Victor says that despite reservations about cloud-based technologies, they will ultimately surpass their in-house counterparts.
Predators in the Pool: How Dark Pools Tackle HFT
Judgments about whether a dark pool is safe from predatory trading behavior will determine how often that pool is visited. Jake Thomases discovers that, although it is easy for operators to monitor their pool, it’s the philosophies behind filtration that…
60 Seconds with ... Keith Hale, Multifonds
Keith Hale, executive vice president, client and business development, Multifonds
May 2012: Ode to Experience
Like fine wine and cyclists, technologists get better with age.
James Rundle: Survival of the Fittest
Austerity is the key word in business and society at large. The ways in which the sell-side industry is streamlining its operations are being enabled by cutting-edge technology, though, and James believes the evolution on display is a key area of…
Anthony Malakian: Trust Your Gut
At this year’s North American Trading Architecture Summit, Anthony took note as speakers tried to explain how best to marry IT with the business. It’s a game of hits … and lots of misses.
Michael Shashoua: The Shape of Things to Come
Global industry messaging standards organization ISITC has put itself front and center in discussions that will influence the industry’s actions on operational innovation and regulatory compliance for years to come. Michael sheds light on the details of…
Max Bowie: Don’t Be the Fool Parted from Your Money
Widespread adoption of algorithmic trading has led to belief in the infallibility of computers. But as technology once restricted to institutional trading desks filters down to retail traders, Max asks whether the sophistication of the tools available…
OMS and EMS: Peace Through Marriage
Order management systems and execution management systems are the Hatfields and the McCoys of trading software. Long have they quarreled over their relative merits. Jake Thomases examines how a push toward unification within a single architecture has…
Radio Silence: Are Exchanges Trying to Curb HFT?
As several exchanges in Europe and the US prepare to implement efficiency programs for order messaging-to-trade ratios, some in the industry are seeing this as a self-regulatory move to curb high-frequency trading ahead of statutory rulings. But is this…
OTFs' Next Move
With G20 commitments obliging regulators to regiment the trading of over-the-counter derivatives, Mifid II proposes the integration of organized trading facilities, but what impact will this have? By Steve Dew-Jones
TCA Comes to Futures and FX
Transaction-cost analysis started in equities and, for the most part, hasn’t left—until recently. For various reasons, demand among FX and futures traders for a way to measure their execution costs is growing, and vendors are responding. By Jake Thomases
Dark Forces: Off-Exchange Trading on the Rise
A growing percentage of trade volumes is moving off-exchange every year, whether it’s through broker dark pools, internalized on a firm’s own desks, or elsewhere. Along with declining liquidity in equities markets and higher trading costs, the increasing…
SEFs Through the Looking Glass
While the rules trickle in for swap execution facilities, firms are investing in connectivity and platform design in anticipation of a deeper, more liquid market. As Tim Bourgaize Murray discovers, when it comes to the nascent SEF ecosystem, the future…
Beyond the Easy Win: Sands Capital CTO Ryan Bateman
Ryan Bateman had never been a CTO and Sands Capital had never had a CTO—it was a curious pairing. But Bateman has come in and established his credibility, and now he has to keep that winning streak going. By Anthony Malakian
Scratching the Surface of Mobile Technology
Mobile technology, while still in its nascence in the capital markets, has enjoyed significant uptake over the past 18 months as growing numbers of firms have started to roll out apps designed specifically for tablets and smartphones. But as Victor…
Funds of Hedge Funds' Last Stand?
The fund of hedge funds market has long been a manually intensive one. New regulations and strategies—and a general desire to survive—have led to a push for automation throughout the industry. By Anthony Malakian
London Stock Exchange CIO Antoine Shagoury: Man of the People
When Antoine Shagoury took on the role of CIO at the London Stock Exchange, he embarked on an ambitious program of reform at the venerable, but embattled, institution. Several years on, he reveals how technology is driving the growth of the entire…
April 2012: Are We Out of the Woods Yet?
Victor sees shoots of green in the economy and in Wall Street technology initiatives.
Max Bowie: Vendors Focus on Solutions that Deliver ‘Solutions’
Although algo trading is grabbing headlines, Max believes that the humble terminal is seeing a renaissance as vendors strive to provide more insightful solutions to address increasingly complex markets.
Michael Shashoua: Dueling LEI Standard Proposals
Recently, Financial InterGroup, which had challenged the favored ISO 17442 standard for the legal entity identifier, took another shot by specifying an 11-character LEI. Michael looks at its prospects in the industry.
Anthony Malakian: Undue Diligence
As scandals at large firms like AIJ Investment Advisors, or small firms such as Market Neutral Trading, persist, the need for operational due diligence has taken on greater importance. Technology can help, Anthony says.
Real-Time Surveillance: Mission Impossible?
European regulator ESMA wants trading venues to perform market surveillance and abuse monitoring in as close to real time as possible. But is the technology and operational capacity in place to make this initiative work? By Steve Dew-Jones