Special report
Industry Debuts Hybrid Emission Trading
The emissions market has taken its first steps to greater transparency as inter-dealer broker GFI Group recently launched its Web-based EnergyMatch trading platform for over-the-counter (OTC) energy derivatives.
Aite: Data Tech Spend to Rise
New research from financial technology consultancy Aite Group is predicting a rapid rise in spending on high-performance market data infrastructures over the next three years, from $4.9 billion in 2007 to $7.8 billion by the end of 2010.
2008: The Year of ...?
There's an old Roman saying: "Always follow a fat Pope with a skinny one." After 2007, when Regulation NMS and the Markets in Financial Instruments Directive (Mifid) went into full effect and the credit market melted down, what can the industry expect…
The drive to kill operational latency
Last month Omgeo hosted a roundtable in London where the role of the back office in increasing efficiencies across multiple markets and asset classes came under the spotlight. Participants agreed that even though back-office staff remain the unsung…
Anticipation grows for increased buy-side use of equity derivatives
Over-the-counter equity derivatives markets are growing at a slower rate than their credit derivative brethren, but the steady expansion of these instruments, combined with their risk characteristics and the changing requirements of pension funds and…
Credit: the long and short of it
Credit-based hedge funds were particularly hard hit by the US sub-prime fiasco and the ensuing liquidity crisis, most notably in the CDO market. But as Matthew Atwood discovered during Credit magazine's roundtable held last November, credit still has an…
E-FX Outlook: Automation on the Rise
As the industry continues to digest the credit market's meltdown, foreign-exchange (FX) trading volumes continue to boom. DWT sits down with representatives of the major FX banks Credit Suisse, HSBC and Saxo Bank to discuss the major technology trends…
Panels: Firms Must Cut Internal Latency
The growth of data volumes from new trading and reporting venues, and the need for ever-lower latencies for algorithmic trading, are forcing firms to re-evaluate their existing data infrastructures and consider dual tiers of technology, to eliminate…
Reliance on brokers for equity trading on the rise
Despite the proliferation of electronic and self-directed trading tools across the investment management universe, a new industry report shows that issues such as increasing market volatility, changing commission arrangements, and fragmented liquidity…
Quantifying value in a qualitative world Assessing the true value that asset management firms derive from their IT investments is usually a subjective - and hence contentious - exercise. But that doesn't mean it cannot be done, and done accurately and ob
Despite the proliferation of electronic and self-directed trading tools across the investment management universe, a new industry report shows that issues such as increasing market volatility, changing commission arrangements, and fragmented liquidity…
TCA products crowd the market in the wake of Mifid
When Mifid came into force at the beginning of last month, two of the largest service providers in the industry unveiled transaction cost analysis (TCA) products to assist firms in meeting the directive's requirements for best execution.
Credit Risk to Drive Data Demand
Market data will become a "critical component" of credit risk management for dealers, hedge funds and regulators following this year's sub-prime crisis and resulting fallout, as market participants seek better ways to value credit derivatives, according…
Rating Agencies Face Brussels Probe
The Committee of European Securities Regulators last week outlined its timetable to review the role of rating agencies in the wake of this summer's credit crisis, responding to a request by the European Commission in September. This article from Credit…
Data Consumers Still Struggle with Volumes
Rising market data volumes-resulting from new execution venues created in response to the Markets in Financial Instruments Directive and firms turning to emerging and niche markets to drive growth in higher margin businesses-continues to be the key…
SuperD Adds Inflation Products to Pricing Platform
Derivatives data and pricing software vendor SuperDerivatives is adding support for inflation-linked securities and derivatives to its SD-IR interest rate derivatives pricing module in response to client demand for data to hedge inflation risk in fixed…
MTS Revises Data Packages, Fees for '08
European bond trading platform MTS will change the way it packages and charges for data via vendors to introduce an "all-you-can-eat" model from the start of next year, officials tell Inside Market Data .
Bringing Transparency to European Bonds-Part 2
A year ago, there were already suggestions that the trade reporting requirements of the Markets in Financial Instruments Directive-which came into force on Nov. 1-could extend beyond equity markets. Niteen Sharma, then compliance manager at bond trading…
Crunching Credit Data's Hot Issues
The credit markets have taken a battering in recent months. However, there is renewed interest in fixed-income and associated credit instruments-from investors, dealers and regulators (which are monitoring rating agencies and also weighing mandatory…
Brokers, Vendors Predict More Exotics, Credit Algos
In the wake of this year's sub-prime meltdown, fixed-income market participants are predicting that traders and investors will seek out new structured and derivative fixed-income instruments over the next year, while the more liquid asset classes will…
Reuters Builds "Lite" Tool for Emerging Markets Data
Reuters has released a streamlined version of its Reuters Electronic Trading (RET) quoting and trading technology to allow Brazilian bond dealers to disseminate prices for and electronically respond to requests for quotes in fixed-income securities.
Panel: Collaborate on Data Sourcing
Collaborative, knowledge-sharing relationships between vendors and clients are the most effective and reliable methods for obtaining data, according to a panel on best practices for data sourcing.
China Embraces Change; More Needed
Differences between Western and Chinese financial markets are narrowing fast, though concerns still exist around data quality and piracy, according to a panel discussing data solutions for East Asia.
Panel: Time is Money
One of the biggest obstacles to the development of low-latency data services in Asia is an inability to fully measure latency, because not all exchanges provide timestamps on data messages, according to participants on one panel last week.
Users: Vendors Must Take “Global” View
Global data vendors have some advantages over their regional counterparts, but do not always recognize the global nature of trading and investment firm clients, and sometimes try to apply inconsistent commercial models, according to a panel of end-users…