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For Low-Latency Trading, Even as IT Spreads Come Down, Challenges Remain
Panelists at this year's Toronto Trading Architecture Summit discussed the challenges involved in improving latency, and balancing the benefits with the costs.
Waters Panelists: OTC Derivatives Change Good, But Imperfect
There must be something about the over-the-counter (OTC) derivatives marketplace that lends itself to analogies. During a Waters Breakfast Briefing on the subject, the new OTC landscape was at once likened to a python, a highway, and Stony Brook…
UK Chancellor Promises FX Market Review, Benchmark Oversight
George Osborne MP, the UK Chancellor of the Exchequer, has instigated a wholesale review of how foreign-exchange (FX) markets in the UK are regulated, along with widening the scope of which benchmarks are covered by new legislation on market abuse.
Finra CIO Randich Says Hands On Cloud, Hands Off HFT
By his own admission, Finra CIO Steve Randich is engaged in a public relations campaign. Finra, the huge self-regulatory organization (SRO) overseeing most of the US market, isn't well-thought of in banking circles despite boasting an IT staff of 1,000…
Don't Bother Joining the Low-Latency Arms Race, Say Low-Latency Traders
Low-latency trading, which has dominated the equities conversation for years, seems to have hit an unceremonious wall. Asked if there is still an opportunity to make money in latency arbitrage, a panel at the North American Financial Information Summit…
Esma Opens Consultation on Mifid II, Refines HFT Scope
The European Securities and Markets Authority (Esma) has opened its consultation on the review of the Markets in Financial Instruments Directive (Mifid II) and Regulation (Mifir), the two most important pieces of legislation issued by European…
IMA Publishes IBOR Standards, but Every IBOR is Unique
Just as the UK's Investment Management Association (IMA) releases the first circular on the requirements and definition of the Investment Book of Record (IBOR), panelists at the Buy-Side Technology European Summit in London on Tuesday reflected on what…
FCA Expresses Concern over System Readiness for EMIR Compliance
While market participants continue to struggle with requirements of the European Market Infrastructure Regulation (EMIR), some relief has come from the UK Financial Conduct Authority (FCA). With that, though, is also a warning shot about having systems…
Through Acquisition, Japan's Buy Side Grows its Presence Globally
According to NRI's Kazumitsu Yokokawa, asset managers in Japan are working to grow their global presence largely through acquisition. Additionally, the regulatory and economic environment in the nation is changing in a way that may prove favorable to buy…
Extending 'Continuum of Innovation', BlackRock and Tradeweb Ally on Electronic Rates Trading
A recently announced and newly-integrated electronic trading solution will fuse Tradeweb's marketplace with Aladdin for order management, pricing, and execution of interest rate products and derivatives, serving only to deepen one the industry's longest…
Codestreet Builds First Sell-Side Corporate-Bond Dark Pool
New York-based software vendor Codestreet is taking a shot at the electronic corporate-bond market, one of the toughest to gain a foothold in within recent memory. Its play is to preserve the power of the broker-dealers, a group that's been losing its…
GSO Capital Partners Turns to SS&C for Form PF Filings
GSO Capital Partners only began outsourcing its regulatory filings once Form PF came around. The performance of SS&C GlobeOp in handling that filing may prod GSO to hand over others.
Japan's Trading Firms Work to Automate FX, Fixed-Income Platforms
At this year's Tokyo Trading Architecture Summit, panelists for two Japanese trading firms discussed how they're working to automate their systems.
JPX Brings Tech Innovation to the Market, ‘Oligopoly' Concerns Remain
Panelists at this year's Tokyo Trading Architecture Summit discussed what the merger of the Tokyo and Osaka exchanges will mean for the Japanese market in the future.
D.E. Shaw Technologist: 'Eliminate IT'
The conflict between IT and business is well documented. One soldier in that fight suggested something more than baby steps.
European Parliament Adopts CSD Reg
The European Parliament has agreed a range of rules designed to govern the operation of central securities depositories (CSDs) and settlement cycles in the continent's financial markets, known as CSD Reg in industry shorthand.
BYOD, Mobile Offer Banks a Chance to ‘Get Cool Again'
As bring-your-own-device (BYOD) strategies grow inside banks, mobile data management has also emerged as a pressing issue, according to panelists at this year's North American Trading Architecture Summit.
EU Introduces First Rule on HFT
The European Parliament and the European Council last night reached agreement on updated rules for the Markets in Financial Instruments Directive (Mifid II), introducing the EU’s first rules on algorithmic trading.
Hackathon Generates Culture Change and Data Tool
SunGard's hackathon designed to foster innovation drew 425 participants across 17 cities around the world. And now one of the products of the 48-hour coding fest is being integrated into the vendor’s XSP solution.
Cross-Lending Takes Shape, Upending IT Demands
The teams servicing traditional commercial lending and credit facilities for private equity and venture capital shops have historically sat on separate sides of the bank. But as sell-side firms become more flexible in the types of lending they pursue,…
For Fatca Compliance, Banks Work to Create Internal Data Hubs
At a conference hosted by Waters' sibling publication OpRisk, panelists discussed the technological pain points that surround compliance with new Fatca guidelines. The key hurdle is clear: integrating disparate systems in order to more efficiently share…
Panel Scrutinizes Trading Algos and Visualization Tools in FX Market
A panel of foreign-exchange (FX) practitioners analyze the results from the recent Tibco-sponsored survey on FX trading practices, arguing that electronic trading in the asset class doesn't necessarily equate to algorithmic trading.
EBS Rolls Out Latency Floor For Currency Pairs
Foreign exchange trading platform EBS has extended its randomized pause process across its most active currency pairs after a trial period on the AUD/USD and USD/CHF.
CFTC Unable to Perform “Basic” Analysis of Swap Data
Most of us struggle to keep our bills and bank statements in any semblance of order, but for US regulators, trying to sift through millions of swap transaction reports is a task of Herculean proportions. A task, one senior official says, that the US…