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HTML5 Developers in Demand; Charting Gains Greater Attention
As Wall Street firms increasingly are turning to HTML5 as the preferred programming language for trading applications and mobile, trading firms are now finding themselves competing with Silicon Valley for development talent.
Making a More Accurate Clock in the Cloud
Time synchronization attempts in the cloud have produced comical effects. FSMLabs thinks it has the answer.
Liquidnet Acquires Vega-Chi Bond-Trading Platform
Institutional trading network Liquidnet has announced it will enter the fixed-income market after its acquisition of UK bond-trading platform Vega-Chi.
CME Builds on FX Strengths with European Venue Launch
The launch of a European derivatives venue by the Chicago Mercantile Exchange (CME) Group has been long awaited. Yesterday, CME Europe finally received regulatory approval from the Bank of England (BoE) and the Financial Conduct Authority (FCA), and is…
Long on Bitcoin: Perseus and Atlas ATS Burnish Digital Currency, Target Market-Makers
Despite recent headline-splashing travails, Bitcoin is steadily gaining reception among the world's largest market-makers and funds like Fort Hill Capital. Atlas, an alternative trading system, and network services provider Perseus are meeting that…
Access to Equity Syndication, Hedge Fund Allocation Drives Two-Sided Growth at US Capital Advisors
Boutique broker-dealers often grow out of teams leaving larger wirehouses, just as David King's did at UBS on the way to co-founding Houston-based US Capital Advisors (USCA). But like proprietary trading desks spinning off, these firms often discover new…
BNY Mellon Survey: Institutional Investors More Focused Than Ever on Risk Management
A recent survey by BNY Mellon, New Frontiers of Risk: Revisiting the 360° Manager, has found that institutional investors are more than ever focusing on their risk management capabilities, and are also on the look-out for new sets of risk tools.
For Eaton Vance, SEF Aggregation Demonstrates 'Art of the Possible'
Ahead of the functional made-available-to-trade (MAT) deadline for certain fixed-to-floating interest-rate swaps, Boston-based asset manager Eaton Vance sought to combine familiarity of trading protocol with control over information leakage. The result…
Troubled by Issues, EMIR Reporting Kicks Off
Mandatory reporting of derivatives trades came into force earlier this week as part of the European Market Infrastructure Regulation (EMIR), but market participants continued to raise concerns amid technology problems and far from ideal preparations.
Data Interoperability Needed For Hedgers After EMIR Deadline
Properly creating unique trade identifier (UTI) data is only half the challenge for buy-side firms as the European Market Infrastructure Regulation (EMIR) reporting mandate takes hold today. The other half? Making sure counterparties are doing the same…
Bank of England Warns on Cyber Threat to Markets
The Bank of England (BoE) has published its report on Waking Shark II, an exercise designed to test the resilience of wholesale financial markets against cyber attacks. While it found that participants reacted well, more could be done to improve…
Should SEC’s 'Parking Scheme' Charges Portend Greater Trading Surveillance?
The Securities and Exchange Commission (SEC) this week charged two New York-based traders with executing a trading “parking scheme” designed to preserve bonuses, and its enforcement action should prompt investment banks to assess their ability to detect…
BaFin Moves Highlight EU HFT Regulatory Discrepancies
Recent moves by the German Federal Financial Supervisory Authority, BaFin, have increased pressure on a number of high-frequency trading (HFT) firms as those registered under a “local license,” or non-Mifid license, won’t be authorized to perform high…
There's No One Way to Justify an IBOR, Reveals Waters Panel
There is no one way to make a business case for an investment book of record (IBOR). Not when an IBOR still means so many different things to different people. That’s why the panelists at Waters’ IBOR breakfast briefing were all over the map when it came…
CPPIB's Jay Vyas: Keep the 'I' in IBOR
When developing an investment book of record (IBOR), it's important that traders and portfolio managers retain ownership of the data and that the IBOR remains an investment function, and not a function of compliance or reporting, according to Jay Vyas,…
Should Kill Switches be Fully Automated?
If it were up to Dave Lauer, technology architecture consultant at Norwegian case-based reasoning specialist Verdande Technology, the surveillance of software-related trading glitches, and the subsequently activated kill switches, would be performed…
Kaminski: Risk Management Investment Must Go Beyond IT
While Wall Street firms have recently thrown money into their risk management systems, that is likely a short-term trend, says Vincent Kaminski. This makes it all the more necessary for asset managers to invest in analysts and give them the ear of the…
US Treasuries' Trading Quietly Under Transformation, Panel Says
At a TabbForum event last week, a quartet of buy-side and sell-side participants highlighted how electronic trading in treasury bonds has advanced in the past 12 months, even if they've done so with little fanfare. Both opportunities and apprehension…
CFTC Certifies Javelin’s MAT Submission
The US Commodity Futures Trading Commission (CFTC) has announced the approval of a Made Available to Trade (MAT) submission from Javelin Capital Markets, which operates a swap execution facility (SEF), and has set the mandatory compliance date at…
Industry Hedges Opinion on Mifid II Agreement
A breakthrough in the European Union’s trilogue process heralded an agreement on the Markets in Financial Instruments Directive review (Mifid II) earlier this week, but while industry participants said they were relieved to have progress, it was too…
Markit Eyes Front-Office Push with thinkFolio Acquisition
Markit has acquired London-based portfolio management system (PMS) provider thinkFolio, in a deal that will see the buy-side stalwart join Markit’s enterprise software division.
Liquity Matches Buyers and Sellers of UK's Private Company Shares
Since its launch in November 2013, Liquity has shown that financial services companies don’t necessarily need to deploy overly complex or ground-breaking technology to be successful in servicing the industry. It can sometimes be as simple as a…
Private Cloud not Just for Tech-Less Funds Anymore
Where private cloud providers used to appeal only to start-up hedge funds, a third of Abacus's new clients are large funds with existing IT staff.
Committee Is JPMorgan's Answer to Electronic Trading Redundancy
Wanting to reduce duplication and share ideas about electronic trading, while avoiding a centralized function, JPMorgan established a top-level committee that meets weekly to act as a clearinghouse of ideas.