Tech
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…
All About the Buy Side in London
This year's iteration of the Buy-Side Technology European Summit featured an array of London-based asset management firms, and an even greater number of topics covered. Anthony highlights some of the coverage produced by colleagues James Rundle and…
Keep it Real, Say Data Management Heads at BST Europe
When building a business case for data governance, it is important to "keep it real," according to panelists at the recent London-hosted Buy-Side Technology European Summit.
NYSE Chief Steps Down
Duncan Niederauer, CEO at the New York Stock Exchange (NYSE), has accelerated his plans to retire from the bourse, following its integration with the IntercontinentalExchange Group (ICE).
Front-Office Influence Wanes in Modern Buy-Side Firms
A hard-and-fast rule in buy-side firms used to be that the trader’s word was God, at least for middle- and back-office teams who often had to scramble to implement their requests at short notice. Given the increased focus on cost savings and efficiency,…
Delegated Reporting not a Silver Bullet for the Buy Side
While delegated reporting for derivative transactions can ease some of the strain on buy-side firms, the onus is still firmly on them to ensure the accuracy of what’s being reported on their behalf, and this can be difficult to determine, senior…
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…
Obstacles to Modernizing Infrastructure
Other than cost, asked Imtiaz Koujagli, VP of equity research and software at Deutsche Bank Securities, what is the biggest impediment to modernizing a firm's technology infrastructure? A North American Financial Information Summit panel had a few ideas.
Liquid, ConvergEx Pen Agreement
OEMS provider Liquid and prime services division of ConvergEx have signed a joint marketing agreement wherein Liquid will be offered to ConvergEx's roster of hedge fund, family office, mutual fund, and registered advisor customers.
Redline Certifies Azul's Zing Runtime Tool
Trading platform provider Redline says Zing, which focuses on low-latency performance monitoring for Java applications, will now be supported for users looking to optimize execution strategies across asset classes.
Lucera Introduces Dedicated FX Platform
The high-performance infrastructure provider says its new LumeFX offering will use an adaptive smart order router to consolidate multiple liquidity venues for users trading in spot currencies.
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…
Buy Side Has an Eye, but Not a Finger on the Pulse, say Tech Chiefs
While buy-side firms are aware of so-called disruptive technologies, the industry as a whole is not keen to press ahead with early adoption in most cases, tech chiefs at buy-side firms said at the Buy-Side Technology European Summit’s C-Level panel. Some…
LGIM CIO Emphasizes Change Management Integration in BST Europe Keynote
While people, processes and technology are important for an effective means of coping with change at buy-side firms, cultural acceptance is the critical factor, said Paul Stevens, CIO at Legal & General Investment Management, during his keynote address…
Nasdaq OMX To Launch Business Intelligence Tool
Nasdaq OMX has announced the launch of MiQ, a business intelligence solution that provides actionable data for exchanges, clearinghouses, central security depositories (CSDs), and other financial market operators across the globe.
Thomson Reuters Adds FlexTrade EMS to Eikon
Thomson Reuters has integrated FlexTrade’s execution management system (EMS) and Autex indications of interest (IOI) data into its flagship desktop, Eikon.
Spinaris Capital Chooses OptionsCity for FX and Options Trading
London-based Spinaris Capital will expand its FX and energy options trading utilizing the Metro and Freeway platforms from Chicago-based OptionsCity Software.
Allmark to Head E-Commerce at EBS
EBS, the foreign-exchange trading platform owned by UK-based broker Icap, has appointed Paul Allmark as its global head of e-commerce solutions.
Lombard Risk Offers Free XBRL Checker Tool
Risk-management specialist Lombard Risk has announced the launch of a free tool designed to assist reporting firms in determining the root cause of extensible business reporting language (XBRL) errors with regulatory submissions.
Getting the Vote Out
Various polls in Europe and beyond lead this week's coverage, along with Icap's SEF debut and a pair of big Nasdaq stories.
Maitland Gets AIFMD Authorization in Luxembourg
Wealth manager Maitland has been authorized by the Luxembourg regulator CSSF to operate as an alternative investment fund manager (AIFM) to third-party alternative investment funds (AIFs), and to offer fully compliant AIFMD management company services.
Singapore's UOB Joins Eurex Clearing
Singapore-based United Overseas Bank (UOB) has become the first Asian member to join Eurex Clearing.
The Problem with Programming: "There's No Good Code"
I'll admit it: From time to time I submit to bouts of jealousy. I try to be happy for other people's success and content with my own station in life, but I'm also hyper-competitive, which I try to mask with charm and an air of nonchalance.
Markit to Seek Listing on Nasdaq
Information and systems vendor Markit will pursue a listing for its planned initial public offering (IPO) on Nasdaq, the exchange group has confirmed.