Opinion
Market Data Sourcing Challenges for Alpha-Seekers
With markets becoming fragmented and more competitive, the way that firms source market data is becoming a key component in the search for competitive advantage. By John Panzica, general manager of global financial markets at Reliance Globalcom
Editor's letter - Please tell me when it's all over
Switching on the TV in the evening has become more than a little scary. Last night on CNBC a Wall Street analyst succinctly illustrated the escalating energy predicament facing the West:
Risk tech enjoys a mini boom By Emily Fraser
Financial firms caught with their trousers down in the wake of the subprime mortgage meltdown continue to spend significant amounts of money on technology. According to a recent poll conducted by IBM and the Securities Industry and Financial Markets…
Suicide is painless - but what about usury? By Stewart Eisenhart
What do you do as an industry if you find yourself incessantly hounded by investors, analysts, and (to varying degrees) regulators to provide more transparency into your processes and operations in the wake of pricing debacles, a credit market collapse,…
Don't sell your alpha, capture it
Selling plays a fundamental role in every fund management operation, although, as Michael Ervolini explains, analysing how fund managers actually arrive at their sell decisions reveals that this process is anything but conscious and disciplined
A New Match
Letter From The Editor
Is Cost Out of Control?
Market and reference data spend is being duplicated across multiple departments and firms need to get costs under control, says Xenomorph's Brian Sentance
The Longest Day
Somehow it seems appropriate: Just 10 days after the summer solstice-the longest day of the year-there are press reports that Deutsche Börse is mulling the idea of opening trading on its Xetra platform earlier in the morning to compete with the upstart…
Industry Cuts Signal Need for Quality Data
Last week's firing of NY Mets baseball team manager Willie Randolph elicited a wave of disgust from New Yorkers, shocked at what they perceive as a near-sighted, reactionary response to short-term fluctuations in performance. Odd, I thought, that one man…
Where Do Old Acronyms Go to Die?
It's remarkable what you find when you start packing up to move offices. I recently uncovered a cache of old articles circa 2003 heralding the triumphant return of straight-through processing (STP) after the implosion of the Global Straight Trough…
Consolidating Positions
This year's SIFMA show may not have grabbed the headlines of years gone by with extravagant deals or earth-shattering benchmark claims, but represented a year of vendors bedding-in systems and consolidating their positions-perhaps reflecting the…
Hippies, Flying Pigs and Speed
After 28 Technology Management Conferences and Exhibits hosted by the Securities Industry and Financial Markets Association (Sifma), you'd think that they would start blurring together. This year's event at the Hilton New York in Midtown Manhattan,…
That Time of Year
If it's June, it means that the Securities Industry and Financial Markets Assoc-iation's (Sifma's) Technology Management Conference and Exhibition is upon us. For three days this week, financial technologists will meet, mingle and schmooze with…
Event Processing Tries to Lose its Complex
It's always sad when youngsters spread their wings and leave the nest. Even now, one of the market data industry's offspring, having gone through early years smothered with attention, through its teens filled with growing pains and no one understanding…
Junk Mail? What About Junk Data?
Just as the bane of a data manager's existence is dealing with ever-increasing volumes of often irrelevant quote data, a journalist's nightmare is dealing with the incessant flow of press releases from PR professionals desperate to share the latest news…
Mastering Master Data Governance
Ravi Shankar highlights the seven critical questions financial institutions should ask when looking to achieve successful master data governance
Market Structure Mashup
Letter From The Editor
Editor’s letter - The perfect storm
Things are pretty hectic at the moment. A barrel of oil is now officially 30% more expensive than it was six months ago, and although fuel prices haven't rocketed quite at the same rate, I'm enough of a realist to understand that energy firms are not…
An army of one
The economic downturn in the US has had some surprising consequences. The Associated Press reports that the US Marines and Army received a surge of new recruits in April, which took them well above their recruitment goals despite the unpopular and ugly…
One hub to rule them all
The rapid rise in the use of STP for OTC derivatives trade affirmations and confirmations has triggered the establishment of a number of players over recent years with platforms from DTCC and SwapsWire dominating the market. However, the fact that no…
The gloves come off at TradeTech... sort of
With the LSE, Chi-X, and Turquoise on the same panel, everyone at this year's TradeTech conference could be forgiven for thinking they were in for something of a Mexican stand-off. But as Joel Clark reports, the panel discussion turned out to be a damp…
Attitude adjustment
The expectation game's role in the hedge fund industry can prove make-or-break more often than not for many individual managers. Bearish investor expectations in particular don't bode especially well. By Stewart Eisenhart