Analysis
Tabb's Rowady: System Fragmentation Preventing Data Fluency
The number of factors shaping the future of capital markets technology is overwhelming, according to Tabb analyst Paul Rowady’s remarks at the SAP Financial Services Forum North America.
DelphX Delves into Credit Trading via SunGard Connectivity
Calling the SunGard Global Network (SGN) "the gorilla of equity order routing," bond trading venue operator DelphX announced that it will utilize SGN's FIX connectivity as the plumbing for its new CentralX alternative trading system (ATS).
The Rise of the Multi-Firm Financial Data Utility
Strapline: Industry Warehouse
Marco Polo, Perseus Paired in Emerging Markets DMA Push
Marco Polo New World, a consolidated offering from the jointly-owned direct market access (DMA) and connectivity providers, looks to answer demand for broader access in untapped markets.
PTP Gains Traction as De Facto Latency Monitoring Protocol
As financial services firms look to improve their latency monitoring and measuring, PTP is gaining greater acceptance as Wall Street firms move away from NTP, the traditional protocol for clock synchronization.
Citing Tech Concerns, Sifma Pushes Back on SEF Deadline
Sifma has sent out a final plea to regulators to push back next week's swap execution facility (SEF) registration and compliance deadline—largely because technology questions remain.
Messaging Architecture Key as Citadel, REDI Partner on New OEMS
The pair of technology providers—both with sterling ancestry—are looking to confront a problem that, so far, has alluded a durable solution for the buy side. They are not the first to try—but from a tech perspective, the match looks promising.
SAP Makes a Push in Financial Services
SAP operates across 25 industries. Four years ago, according to a representative of the German software giant, financial services was the 16th most significant of those, squeezing just in between chemical and footwear and apparel.
T2S and CSD Regulation to Obviate National Depositories
The double-tap effect of both the Target2-Securities (T2S) project and the implementation of the Central Securities Depositories (CSD) Regulation will spell the end of single-nation depositories, according to Jean-Michel Godeffroy, director general and…
Data Auditing: Finding the Needle in a Haystack
As auditing demands increase, so does the need for storage solutions that can quickly retrieve trade data from exact moments in time.
CFTC Casts Wide Net on Futures HFT Curbs—Will the Catch Prove Deadly?
Statements of concurrence from Commodity Futures Trading Commission (CFTC) commissioners Scott O'Malia and Bart Chilton, and support from chairman Gary Gensler, quickly followed the CFTC's concept release on proposals to reduce systemic risk by curbing…
The Case for Business Process Outsourcing
As security improves and cost pressures mount, more and more firms are getting comfortable with business process outsourcing (BPO).
Royal London Asset Management Hits the Cloud Running
Rapid cloud adoption is almost unheard of in the asset management industry, which has traditionally held a conservative view of the technology. When it needed a swift replacement of its core performance engine, however, Royal London Asset Management …
Hao Sun on the Need for Change of Place, Time, Thought and Future
Hao Sun, COO of proprietary trading from Ketchum Trading, who delivered the keynote address at this year's Inside Market Data Chicago event, says that firms must change their perceptions of place, time, thought, and future to gain long-term alpha in…
BT Partners with Truphone for US Mobile Recording
Network and telecoms provider BT has joined forces with global mobile operator Truphone, to deliver a communications recording service in line with Dodd-Frank Act provisions.
Aquis, Seeking Transformative Model, Lines Up Partners
London-based, pan-European multilateral trading facility (MTF) Aquis Exchange is embarking on a new approach to its pricing model and capital formation as it awaits final approval from the UK's Financial Conduct Authority (FCA).
XBRL's Fatca Benefits
The US foreign tax law creates a high volume and complexity of data needed for compliance. Frederic Chapus, of shareholder documents and communications company RR Donnelley, calls Belgium’s use of the XBRL standard a useful example of what to do
TradingScreen Concentrates TCA Efforts on FX Front
Although TradingScreen’s Jon Fatica envisions fixed income as the next frontier in transaction cost analysis (TCA), his company has put the bulk of its recent effort into foreign exchange (FX) TCA.
Piece by Piece, Bank Loans See Upgraded Settlement Automation
Making inroads into automated settlement for bank—or syndicated—loans trading has proven difficult for technology providers, with bespoke contractual terms and complex documentation often at issue. Still, there are gains to be made.
Panel Discusses the Intersection of Risk and Regulation
At a panel hosted by SunGard and moderated by The Economist, Wells Fargo's Steve Ellis encouraged firms to look at compliance with a glass-half-full perspective.
In Two Days, Signals of Change
Nasdaq's SIP-related glitch on Thursday seems a foil for today's news, that the boards of Bats and Direct Edge approved a merger deal on Friday creating a new entity that will surpass Nasdaq's market share. Both events may be long-remembered, and perhaps…
Direct Edge's William O'Brien on the Bats Merger
After much speculation on Friday last week, news broke today that Direct Edge would merge with Bats. Direct Edge's CEO William O'Brien hopes that this will help the newly combined entity, which will go forward under the Bats name, to break into the…
Citisoft CEO: Back Office Derivatives System Overhaul is Open Heart Surgery
Any major overhauls to legacy systems in order to accommodate derivatives are going to happen primarily in the middle and back office, argued Paul Migliore, CEO of consultancy Citisoft, during a webcast on derivatives processing.
For Regulators, Data Engineers in Demand
Regulators in the US have had to significantly increase not only their IT hardware and software, but their staffing as well, to meet Dodd-Frank-related demands.