Tech
What Went Wrong at Knight?
Everyone knows there was a bug in Knight Capital's trading system. The question is whether that bug was in the machine, or out of it.
Orange Launches Korean Trading Platform
Seoul-based Daehung Data Communications and Orange Business Services open cloud-ready trading platform.
Trading Infrastructure Hamstrung by Familiar Concerns
Cost concerns and legacy issues continue to temper enthusiasm among investment managers for wholesale changes in their trading architecture.
France Implements Transaction Tax
The seminal 0.2 percent tax, expected to be a guinea pig for other nations, goes into effect today.
Ahead of Solvency II, Asset Liability Management Looms Large for Managers
Asset managers with insurer clients are searching for new data management and portfolio optimization platforms as the European regulation inches closer.
Glickman Brings Together Custody and Hedge Fund Admin at Northern Trust
Coming from GlobeOp, Glickman will specialize in developing bespoke solutions in Northern Trust's hedge fund services.
BATS Chi-X Looks to Exponential-e for Lower Latency
Exponential-e to provide sub-millisecond connectivity to the venue.
GFT Markets Launches Mobile Trading App
DealBook for Android enables real-time monitoring of accounts.
Open Platform: A Risk-Intelligent Bank?
In a period of heightened regulation resulting from the financial crisis, banks are facing more intense scrutiny than ever. History dictates that regulators will always be behind the curve, taking a reactive approach to risk management. With this in mind…
Are You Ready for 'Bigger' Data?
Banks’ legacy systems are struggling to cope with the ever-increasing volumes and speed of data. Steve Dew-Jones highlights some of the major considerations for the financial services industry if it is to catch up with other sectors.
Twitter: Alpha Generator?
Social media has revolutionized the way people communicate, personally and professionally. But can financial services institutions use the information shared through internet phenomena such as Twitter and Facebook to generate alpha? By Steve Dew-Jones
Eris Exchange Seeks to Futurize, Standardize, Capitalize
Eris, the Greek goddess of discord, inadvertently started the Trojan War by pitting the gods against each other. Neal Brady doesn’t want a war, or even discord. He wants Eris Exchange to grow through the unity of standardized contracts. An innovative…
Knight Tech Glitch Leads Circuit Breakers to Kick In
About 150 stocks were possibly affected; five triggered circuit breakers.
Calypso Names New Customer Services Manager
Thekkenmar previously served at SS&C Technologies.
Nest Investimentos Chooses StreamBase CEP
Among other things, the Brazilian broker will use it for algorithmic trading and risk management.
Gresham Claims Record Transaction Processing Times
Software vendor reports reconciliation processing of 200 million transactions per hour.
Nomura Taps MarketPrizm for Ultra-Low Latency in Europe
Japanese investment bank looks to increase speed and performance of trading infrastructure.
Fidessa Promotes Costello as Buy-Side President for North America
Costello's new role will expand her responsibilities to strategy and internal operations as Fidessa continues its push as a buy-side provider in the US.
ConvergEx TCA Goes Global
The upgraded TCA is now available in markets outside of the US.
The Center Ground: CCPs Could Shift—Not Eliminate—Systemic Risk
On July 4, 2012, the Council of the European Union adopted a regulation that will see standardized derivatives contracts in Europe cleared through central counterparties. Designed to reduce systemic risk in the over-the-counter derivatives markets, how…
60 Seconds with ...
Chip Register, senior vice president and managing director, Sapient Global Markets
August 2012: Armageddon? What Armageddon?
So far, 2012 hasn't produced the avalanche of heavy-handed regulations that the industry feared it would. Instead, Victor says the upcoming US election necessitates a more measured approach.
Anthony Malakian: Wall Street's People Problem
Financial IT has witnessed significant changes in recent years as cloud, mobility and Big Data have become the parlance of the day. In order to satisfactorily address these paradigm shifts, Anthony says that Wall Street needs more of a grassroots…
Jake Thomases: A Step in the Right Direction
It’s not often that when it comes to introducing new regulations, the SEC garners appreciable industry support. But as Jake explains, one of the regulator’s most recent pieces of legislation affecting large swaths of the US financial services industry,…