Editors letter
Opening Cross: ‘Connect’ With Your Clients As Well As Their Algos
Long ago, the barrier to being an independent trader was money—the capital required to buy a seat on an exchange. As exchanges became electronic, the barrier became not just money, but also the technology required to access the exchange’s data. Now, this…
Straight Through to...What?
While the term straight-through processing gets thrown around a lot, Anthony spoke with Omgeo's Rick Enfield for a more precise definition for today's industry.
Measuring Butterfly Effects
People have a startling inclination to want to be involved with historical events as they happen. How many music fans, for instance, wouldn’t give their right arm to have been at the original Woodstock? Who wouldn’t have wanted to be at the original…
Chewing the Fat
Financial technology can prove to be a bit of a mouthful.
Lots of Coverage to Come From BST Conference
While Anthony Malakian is off in Ireland, Jake Thomases gives the lowdown on yesterday's BST North America event.
The Business of Upsetting Apple Carts
What's the first thing that springs to mind when you think of Bloomberg? For New Yorkers, it'll probably be the outgoing mayor, Michael Bloomberg. Ask Joe Public, and it'll be the news channel. Ask someone involved with IT budget control? Expensive, most…
IBOR Enters the Spotlight
As asset managers look to gain a better understanding of their portfolio positions, they are figuring out how best to employ an investment book of record (IBOR) strategy.
October 2013: Proving the Worth of Marginal Gains
Just as cyclists focus on incremental improvements to enhance their performances, Victor points out that marginal gains in the high-frequency trading realm can still reap substantial rewards.
All About the Uses, Less About the User?
Often, discussion of financial technology focuses on what it can be used for, rather than who can actually use it.
On SEFs, a Delay Seems Necessary
With next week's swap execution facility (SEF) compliance deadline looming, the industry is fighting hard to get the date moved back. When you consider the spate of IT glitches that have already hit Wall Street, Anthony agrees that a delay is necessary.
If Deadlines Aren’t Fixed, They’re Guidelines
Running out of time on derivatives reform.
Oh, Those Sneaky Hedge Funds
This week two articles in the Financial Times caught Anthony's eye. Are hedge funds really an extension of some covert government agency, or are they desperately seeking alpha?
Getting Set for Conference Season
This morning, I'm writing this column from my hotel room in Dubai, where the weather has already hit a cool 86 degrees at 6am.
Deep in the Heart of Chicago
Anthony previews some of the stories he'll be writing following his visit to Chicago.
Special FX
I've always had a particular interest in foreign exchange (FX), given it was the first asset class that I covered years ago. It's also, probably, the greatest success story of the financial services industry that's never reported. News at the end of last…
A Long Way to Go
The Financial Stability Board (FSB) report on over-the-counter (OTC) derivatives reform makes for interesting reading, pointing out a number of areas where the markets are moving towards the Group-of-20 (G20) mandate set in 2009. The picture, overall,…
The Art of Cutting Corners
A recent survey indicated that many buy-side firms are content to create “workarounds” rather than invest in consolidated solutions and platforms. Anthony doesn’t think this is the best idea—but he understands.