2013 Cover Stories: The Sell Side
It's been a remarkably busy year for the sell side. From coping with new regulation, to the birth of swap execution facilities in the US, to continuing pressures on resources and cost, it's hard to say that it's not been a challenging environment for banks, brokers and exchanges alike.
Many have made it into a success, though, building out new technology, acquiring rivals or establishing themselves firmly in the plumbing of the market. We profiled four executives from the sell side this year, all of whom make for interesting interview subjects, and are doing remarkable things at their respectrive institutions.
Suresh Kumar, BNY Mellon
Chief Information Officer
As CIO of the oldest banking institution in the US, Kumar's challenges are many and complex. But a bit of background reading into his past shows that this isn't the first time he's grappled with issues the size of titans. After pioneering online brokerage at Pershing ─ a two-year job that turned into 26 ─ and conquering mobile at the bank, he's now turning his attention to so-called big data.
Bob Schmeider, Société Générale Corporate and Investment Bank
Chief Technology Officer, Americas
Science degrees and engineering backgrounds are easy to find in the financial services industry. The mathematical calculations and structured way of thinking are important, particularly as trading turns more and more towards algorithms and machines. For Bob Schmeider, though, interviewed just before SocGen's move to its new offices, this paid off in a different way entirely.
Iwona Sroka, Krajowy Depozyt Papierów Wartościowych (KDPW)
President and Chief Executive Officer
When it comes to spreading out from under the auspices of Soviet communism, few countries have taken such strident steps as Poland. At KDPW, the nation's central securities depository, it's been a lengthy, elaborate process to upgrade the country's market infrastructure to support the needs and particulars of modern trading, which Iwona Sroka is continuing to push forward.
Edwin Marcial, IntercontinentalExchange (ICE)
Chief Technology Officer
Edwin Marcial may not like the upstart label attached to ICE, but in all honesty, it's probably the most apt buzzword to describe the Atlanta-based exchange group, which shocked the world this time last year by announcing that it would acquire NYSE. Looking forward, Marcial's most challenging period at ICE is set to begin, as it integrates one of America's most iconic institutions.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
This Week: ION/LuxSE, BNY Mellon, Nasdaq, and more
A summary of the latest financial technology news.
Nasdaq to market new options strike listing tech to other exchanges
The exchange operator is experimenting with emerging technologies to determine which options strike prices belong in a crowded market, with hopes to sell the tech to its peers.
Former Goldman analyst aims to blend GenAI and synthetic data with start-up
Synthera.ai is taking a novel approach to calculating risk. While promising, industry observers are skeptical.
Waters Wavelength Podcast: Bloomberg’s Tony McManus
Tony McManus, global head of enterprise data division at Bloomberg, joins the podcast to talk about the importance of data in the context of AI and GenAI.
Devil’s Bargain: Closed architecture systems will derail AI ambitions
Rob Flatley explains why closed-off systems will fall flat when it comes to AI adoption.
This Week: First Trust/Bloomberg/New Constructs, Cboe/Metaurus, LTX/MultiLynq, and more
A summary of the latest financial technology news.
Waters Wavelength Podcast: S&P’s CTO on AI, data, and the future of datacenters
Frank Tarsillo, CTO at S&P Global Market Intelligence, joins the podcast to discuss the firm’s approach to AI, the importance of data, and what might be in store for datacenters in the coming years.
BMO’s cloud migration strategy eases AI adoption
The Canadian bank is embracing a more digital future as its cloud strategy makes gains and it looks to both traditional machine learning and generative AI for further augmentation.
Most read
- Waters Wavelength Podcast: Bloomberg’s Tony McManus
- IMD & IRD Awards 2024: All the winners
- Waters Wavelength Podcast: S&P’s CTO on AI, data, and the future of datacenters