Tech
The Magic Roundabout
Policy and regulatory discussions often end up eating themselves.
Aquis Exchange Makes Two Announcements
Members of Aquis Exchange, the proposed European stock exchange, will be able to access its trading platform via the BT Radianz Cloud financial network.
BSC Proposal to Introduce HFT Tax Criticized
Late last week, the UK's Business Select Committee (BSC) called for the introduction of a tax on high-frequency trading (HFT) activities, a move that has been roundly criticized by the financial services sector.
Poland's Central Clarity: CEO Iwona Sroka, KDPW Group
Dr. Iwona Sroka designed the strategy for Warsaw’s KDPW Group to reflect an operational efficiency and a future for capital markets in Central and Eastern Europe (CEE) that is increasingly bright. Strength in technology is the key. By Tim Bourgaize…
Sapient, EEX Tackle REMIT Reporting
Sapient Global Markets is now a certified implementation partner of the Leipzig, Germany-based European Energy Exchange, which is beefing up its transparency and reporting portal to help wholesale energy providers comply with mandated Regulation on…
Private Equity Data Alliance AltExchange Grows Membership
The consortium of general (GPs), limited partners (LPs), industry groups, as well as technology provider eFront, which officially launched in May, has seen significant interest across private equity, but especially from larger GPs.
Max Bowie: Will the Early Heads-Up Get the Thumbs-Down?
Innovation inevitably comes at a price, and premium services come with a premium price tag. So, Max asks, what’s wrong with paying a premium to get an advantage—so long as that advantage is used in the appropriate place?
Michael Shashoua: Valuing Data and Making Data a Value
Costs and resources for data management take precedence in reference data. Michael says firms must develop a palette of strategies in addition to centralization, sourcing, and prioritization to make the most of what they have.
Anthony Malakian: No Reconciling Dependency on Excel
According to some reports, 70 to 80 percent of reconciliations at major financial institutions still take place through the use of manually intensive, spreadsheet-based platforms. Anthony says that in today’s environment, this is simply unacceptable.
James Rundle: Cross-Country Marathons
Operating across regulatory jurisdictions is never easy, but in some areas, it’s practically impossible to do so efficiently. Even when regulators prove accommodating there are challenges, James says.
360T Appoints Co-Head of Sales, Americas
Frankfurt-based trading platform provider 360T Group has appointed Patrik Nagel as co-head of sales, Americas, based out of New York.
Waters Rankings 2103: Best Sell-Side Clearing Provider — Goldman Sachs
In 2012, Goldman Sachs finished second to JPMorgan in this category, less than one percentage point away from dethroning the five-time champ. This year, Goldman has gone one better, narrowly edging out JPMorgan in a category that was again keenly…
Waters Rankings 2013: Best Agency Brokerage — ITG
In times of constrained liquidity and fragmentation—and the risk and cost that comes with those conditions—firms are pushing harder than ever for cutting-edge algorithms and top-tier crossing capabilities. It’s this combination that has lead Waters’…
Waters Rankings 2013: Best Exceptions and Reconciliation Management Provider — Omgeo
Establishing something of a dynasty, for the fourth straight year, Omgeo has been named the best exceptions and reconciliation management provider by Waters’ readers. As firms look to automate their reconciliation processes in order to better mitigate…
Waters Rankings 2013: Best Sell-Side OMS Provider — Bloomberg
The extent to which a company dominates the market in which it operates can be seen in the way its name becomes a proxy for all offerings in that particular segment. Hoover, Coke, Tannoy, and iPod are all examples of this phenomenon. So too is Bloomberg,…
Waters Rankings 2013: Best Portfolio Management System Provider — Bloomberg
If buy-side firms had to select two applications that were critical to managing their day-to-day trading operations, their order management system would be one, and their portfolio management system would be the other. It is hardly surprising, therefore,…
Waters Rankings 2013: Best Buy-Side OMS Provider — Eze Software Group
Eze Software Group, established in early January this year in the wake of its previous owner, ConvergEx Group, selling off two of its brightest lights—Eze Castle Software and RealTick, which it acquired from Barclays in late 2010—has had to negotiate…
Waters Rankings 2013: Best EMS Provider — Eze Software Group
The RealTick EMS, along with its sibling, Eze OMS, was unexpectedly acquired from ConvergEx Group earlier this year. Now that the dust has settled, the move looks to be both astute and fortuitous for the new owner, Eze Software Group.
Waters Rankings 2013: Best EDM System Provider — Markit Enterprise Data Management
Coming out of nowhere is a company that didn’t make the top three in voting last year, when Sybase took home its fifth straight Waters Rankings gong. Markit Enterprise Data Management must have still been finding its sea legs two months after Markit…
Waters Rankings 2013: Best Corporate Actions Solution — Markit Corporate Actions
It took a year for Markit’s strategic acquisition of Cadis to pay off in terms of yielding success in the Waters Rankings. But the London-based vendor’s corporate actions recognition was far more immediate, coming just over a month after its purchase of…
Waters Rankings 2013: Best Reference Data Provider — Thomson Reuters
Thomson Reuters has taken home the two data awards in the Waters Rankings for the second successive year. The strength of its reference data is in getting the basics right while updating its offering to meet changing needs in financial services. New…
Waters Rankings 2103: Best CEP Solution Provider — Tibco Streambase
Vivek Ranadivé made two splashy purchases in the last two months. First came the Sacramento Kings of the National Basketball Association. Next came StreamBase, the event-processing software provider scooped up in June by Tibco, Ranadivé’s Palo Alto,…
Waters Rankings 2103: Best Market Risk Solution — SunGard
Returning to the top spot in this category, SunGard has once again proven its dominance in the market risk field through its innovative combination with credit risk information.
Waters Rankings 2013: Best AML Compliance Solution Provider — SAS
Anti-money laundering (AML) is at the forefront of every regulator’s mind at the moment, given its connections with organized crime, terrorism and fraud. Banks find themselves in precarious situations without the correct processes and solutions in place,…