Tech
AMERICAN FINANCIAL TECHNOLOGY AWARDS: Best Green IT Initiative: State Street
JUDGE’S COMMENT: This is a simple, yet effective solution that leaves lots of potential for the firm to make additional savings in other areas.
AMERICAN FINANCIAL TECHNOLOGY AWARDS: Most Cutting-Edge IT Initiative: JPMorgan
JUDGE’S COMMENT: This project identifies a perfect use for performance-enhancing FPGA technologies in an area where throughput and processing requirements outstrip latency concerns, which, until now, was the primary driver for FPGA adoption.
AMERICAN FINANCIAL TECHNOLOGY AWARDS: Best Infrastructure Initiative: Investment Technology Group (ITG)
JUDGE’S COMMENT: This is a good long-range project that already has seen a nice payoff and will continue to do so.
AMERICAN FINANCIAL TECHNOLOGY AWARDS: Best Cloud Initiative: State Street
JUDGE’S COMMENT: I have always been impressed with how State Street has been a leader in the realm of cloud computing. This is a prime example of how to exploit the technology to its fullest.
AMERICAN FINANCIAL TECHNOLOGY AWARDS: Best Data Management Initiative: Knight Capital
JUDGE’S COMMENT: This is the promise of enterprise data management: being able to leverage all of the firm’s data in order to drive greater profitability through identifying new opportunities, while reducing unprofitable investments.
AMERICAN FINANCIAL TECHNOLOGY AWARDS: Best Reporting Initiative: Credit Suisse
JUDGE’S COMMENT: The dynamically applied ad-hoc and flexible reporting capability makes this project truly stand out.
AMERICAN FINANCIAL TECHNOLOGY AWARDS: Best Risk Analytics Initiative: LCH.Clearnet
JUDGE’S COMMENT: The re-write of LCH.Clearnet’s legacy system and improvements of the risk management system is pretty dramatic given its old infrastructure. Now that the platform can calculate daily margin runs in 10 minutes rather than an hour,…
AMERICAN FINANCIAL TECHNOLOGY AWARDS: Best Global Deployment: BNY Mellon
JUDGE’S COMMENT: Simplifying OTC client reporting is an important goal for any firm, but having this live in more than 10 countries at this point in time is a job well done.
Olympian Capital Management's Renaissance
After Michael Levas started Olympian Capital Management from his kitchen table in Fort Lauderdale back in 2003, he found that in order to turn the firm into the hedge fund of his dreams he would have to find the right partner. Enter Arun Kaul. By Anthony…
Rob Daly: Financial Technology’s Future Is in the Cards
What is in store for the industry for the coming year? Rob turns to a centuries-old practice to find out.
Anthony Malakian: The Year in Quotes
George W. Bush once said that leadership means listening from time to time. Anthony did a lot of listening in 2011 as he interviewed the industry’s top CIOs, CTOs and CEOs for profiles that appeared on the covers of Waters throughout the year. Here, he…
Michael Shashoua: Central, But Not Inflexible
Centralization of data management to better support data analysis is gaining acceptance. Michael finds that the practice is becoming more nimble, and industry professionals are using or developing certain resources and technologies for central data…
Max Bowie: The Real Consumer ‘Occupation’ of Wall Street
Financial technology usually suffers from a “trickle-down” effect where sophisticated technologies from the upper echelons of the capital markets eventually reach investors. But Max asks whether individuals empowered by smartphones, tablets and apps…
Following the Sun: Trading in the Age of Free Capital Flows
In an age of free capital flows, the day never ends for the financial markets. For this reason, it is imperative for asset managers to be able to follow the sun, and they must embrace a vigorous global regulatory environment and not be constrained by its…
Equities Mask for Derivatives
Concerned about the danger posed by leveraged OTC derivatives, regulation is forcing many of those instruments from a bilaterally traded environment to a publicly traded one. Dealers are preparing for the automation of collateral management and clearing…
Algo Trading and Fixed Income: Tilting at Windmills
Algorithmic trading is pervasive in equities and other liquid markets, but how far has it penetrated into fixed income? Some fear that the introduction of algorithmic trading strategies into bonds, fixed-income futures and other areas will engender…
60 Seconds with ...
Robin Crewe, CTO, Misys
Kelly Lands COO Role at Liquidnet
Industry veteran John Kelly joins trading network as COO, while Lugene Forte joins the firm as head of sales and trading operations in the US.
SunGard Offers Expanded SWIFT Connectivity Via Syntesys Acquisition
SunGard’s acquistion of Paris-based Syntesys is set to bolster its Echos offering and add a suite of SWIFTReady services to its product line-up.
Fidessa Adds FX Trading to Buy-Side Workstation
Platform adds new asset class to trading capabilities.
Traiana Certified for OTC FX Clearing
The Chicago Mercantile Exchange Group gives the green light to Harmony.
STP For Risk Reduction Back in the Spotlight
As industry initiatives push for T+2 settlement of securities transactions in addition to reduced levels of latency and more electronic support of the trading process, the notion of STP is once more gaining ground. However, this requires an adjustment of…
CFTC Appoints a Whistleblower Chief
Following the creation of a whistleblower office pursuant to a provision in the Dodd-Frank Act, the US Commodity Futures Trading Commission (CFTC) has named former US Securities and Exchange Commission (SEC) assistant director Vincente Martinez as its…
Year of the Dealer
With the US Commodity Futures Trading Commission (CFTC) promising to complete its rulemaking requirements under Dodd–Frank later this quarter, many in the industry are looking at 2012 as the year of the swap execution facility (SEF). It is too early to…