New perspective
Data Volume, Velocity Necessitates In-Motion Analytics
David Wallace, global financial services marketing manager at Cary, NC-headquartered analytics provider SAS, says firms need in-motion analytics if they are to cope with the sheer volume and velocity of data today.
Nomura Overhauls Derivatives Operations with Fidessa
Global investment bank Nomura is set to upgrade its derivatives trading operations using technology from Fidessa, the third such large-scale implementation that the vendor has engaged in over recent months.
NSE Shifts Blame for India Flash Crash
Since India’s S&P CNX Nifty index dropped 900 points earlier this month, the country’s largest exchange hasn't disclosed any evaluations of its own mistakes. One technologist has a few suggestions.
FIX Group Standardizing Venue Data
The sell side is all over the map when it comes to execution venue data that it provides to clients. FIX is trying to fix that.
The Right Cross: Rate Swaps Nearing Cross-Margining Frontier
As clearing bears down on interest rate swaps contracts, buy-side firms will have to take a close look at dealer efficiency. Modeling knowledge and cross margining infrastructure are good first steps.
Internal Infrastructure Outdated as Outsourcing Trend Grows
The construction of internal infrastructures within buy-side firms is a thing of the past, according to Bob Miller, CTO of New York-headquartered hosted service provider VistaOne Solutions.
Reinventing the Wheel: Due Diligence Takes on Greater Importance in the Cloud
Without a set of acceptable standards, hiring a cloud services provider is like walking a new labyrinth each time. A BST panel tries to lay down a familiar trail of breadcrumbs.
SEF Nuances Provide Challenges for Liquidity Aggregation
While liquidity aggregation as a practice is nothing new for market participants, the specific character of Swap Execution Facilities (SEFs) and their diversified offerings will lead to new ways of thinking for sell-side firms, research from GreySpark…
Seeking Alpha, Buy Side Looks to Information Arbitrage
Funds and prop shops want their data bigger and dirtier, and analytics to match. While the buy side and their data providers haven't figured everything out, experts in Chicago say the race is surely on.
HFT: The End of the World As We Know It?
Yesterday, European lawmakers voted in favor of introducing stricter controls around the controversial practice of high-frequency trading, proposing a regulation that would require all posted orders to be kept in the market for a minimum period of half-a…
Mixed Messages: Direct Edge Equivocates on HFT
Direct Edge's message efficiency program came and went in a flash. But why? And will Nasdaq's follow?
Crunch Time for Mifid II as HFT Goes Under the Knife
Today's the day, supposedly, when the European Parliament will vote on the second Markets in Financial Instruments Directive─better known as Mifid II.
Option Overload: Buy-Side Traders Want to Downsize the Algo Kit
There are too many algorithms on offer, say two buy-side traders. Unless it is possible to see what each one does, the choice can be overwhelming.
Bats Chi-X CEO Argues for Simplified European Clearing
Mark Hemsley, CEO of pan-European exchange operator Bats Chi-X, says he doubts the London Stock Exchange's (LSE’s) ability to overturn a perceived lack of interoperability within LCH.Clearnet, once the LSE's protracted majority acquisition of the…
FOA Provides Risk Management Guidelines for ESMA Compliance
The Futures and Options Association (FOA), a pan-industry representative body for firms engaged in the trading of derivatives, has published a set of guidelines aimed at providing granular detail for recent European Securities and Markets Authority (ESMA…
Speed Is Not Enough, Even in HFT
Having the fastest technology in place does not necessarily guarantee the best trading result—rather, the most successful strategies will achieve a balance of speed, and cost and risk management, according to panelists who spoke at the European Financial…
FIX Protocol Offers Connectivity Solution for Some, But Not All SEFs
The open Financial Information Exchange Protocol (FIX) will allow a relatively painless connectivity method for order book Swap Execution Facilities (SEFs), but not those that operate on a request-for-quote (RFQ) basis, says the latest research from…
BAML Taps FTEN for European Clearing Control
Bank of America Merrill Lynch (BAML) has become the first general clearing member (GCM) to use FTEN's RiskXposure (RX) platform for its European clearing operations.
Caplin’s BladeRunner Solves HTML5 Issues, Encourages Collaboration
As HTML5 becomes adopted as the standard programming language for web-delivered software, the challenging environment of financial services has exposed some of its key development flaws. With BladeRunner, Caplin Systems believes it has solved the major…
In China, Galaxy Futures Eyes Western Push
As the oldest and largest joint venture (JV) brokerage in the Chinese market, Galaxy Futures is a high-profile representation of outward-looking securities firms within the country. Originally partnered with ABN Amro before the Dutch bank's acquisition…
Who Should Pay for the New TCA?
When it came time to announce who will bear the cost of next-generation transaction cost analysis (TCA), the experts had more than one suggestion.
Prospera Praises SunGard's Social Media Surveillance Technology
Texas-based broker-dealer Prospera Financial Services has hailed the impact of SunGard's Protegent social media surveillance tool since going live with the technology in November last year.
'Interconnectivity' the Word as Risk Shifts to Front Office
Algorithmics' latest whitepaper highlights the challenges and opportunities facing buy-side firms as they react to regulatory changes.
Queen's University and First Derivatives Build Trading Floor
Consultancy and software vendor First Derivatives has co-funded a mock trading floor at Queen's University Belfast, in order to provide students with a hands-on experience of a stock exchange environment.