Waters
Open Platform: Cloud Is the New Normal
The rise in popularity of the cloud—especially across the buy side where asset managers are looking to do more with less, while simultaneously shrinking their technology spending—has been nothing short of astronomic. A recent TowerGroup forecast predicts…
60 Seconds with ... Michael Madigan, Chelsea Technologies
Michael Madigan, client services director, Chelsea Technologies
Big Data special report
June 2012 - sponsored by: Armanta, CQG, Deltix, OneTick, Thomson Reuters
AllianceBernstein Tames the Onboarding Beast
AllianceBernstein was struggling with its manually intensive onboarding process. It turned to Markit to answer the challenge. The result: Markit Document Exchange, which, as Anthony Malakian discovers, has proven to be something of a rarity in the…
Bribery Meets Its Match: Technology, Regulation Combat Corruption
No longer a “cost of doing business,” bribery and corruption on UK soil—or perpetrated through a UK-based firm anywhere in the world—have become serious offenses under sweeping legislation passed last year. Tim Bourgaize Murray finds, with authorities…
Short Circuit: Does Flash Crash II Still Loom?
Two years after the Flash Crash, an event of similar proportions has yet to occur, despite doomsday prophecies to the contrary. Have measures such as circuit-breakers helped to safeguard the stability of modern capital markets, and more importantly, have…
Michael Shashoua: Stability Board See-Saw
The ISO standards organization, at the behest of the Financial Stability Board, removed Swift as the registration authority for the legal entity identifier. Michael thinks the industry may be left wondering what the board intends to do in setting a…
Anthony Malakian: Hope in One Hand ...
Even as the first wave of requirements for Form PF rules approach, Anthony wonders if it makes any sense for buy-side firms to throw money at solving regulatory demands in an election year when so many rules have already been delayed or scrapped.
Max Bowie: Speed Is Nothing Without Control
With the Sifma technology show upon us, vendors are showcasing their wares—often with a focus on speed and throughput. But in a regulatory environment placing greater emphasis on risk checks and compliance, firms are also expecting these solutions to…
Jake Thomases: Blissfully Ignorant
At a meeting of the Secret Science Club, Jake stumbled across one very smart man who celebrates when he doesn’t have the answers. Wall Street, on the other hand, is full of very smart people who get paid for nothing but answers. Academia never seemed so…
South Africa: Bigger, Better, Faster?
The Johannesburg Stock Exchange is moving its trading engine from London to South Africa in July, with the aim of increasing its matching speeds, and by so doing, enhancing the overall trading experience it provides its clients. Steve Dew-Jones talks to…
Well-Suited: Steve Ellis Merges Wells Fargo, Wachovia IT
People think of bankers and technologists as being a bit square. Steve Ellis broke the mold, then set the pieces on fire. Wells Fargo took a chance on him, and is now reaping the rewards. By Jake Thomases with photos by Amy Fletcher
Hedge Funds Sharpen Focus on Collateral Management Tools
From equity finance add-ons to collateral transformation, hedge funds are scrutinizing their broker relationships and collateral allocation more than ever. Tim Bourgaize Murray explores how funds, seeking to mitigate operational risk, are warming to…
Big Data: Right Here, Right Now
Much has already been published in Waters and sibling publications Inside Market Data and Inside Reference Data, about Big Data and the challenges it presents financial services end-users and technologists. And while these challenges should not be…
Cloud Computing: Defying Definition
Cloud-based services, depending on one’s definition of the cloud, have been knocking around the financial services industry for more than a decade. And, given the maturity and pervasiveness of certain cloud platforms, large numbers of users are utilizing…
Big Brother Is Watching: Compliance Envelops the Business
As regulatory reform and an enhanced level of scrutiny falls on practices within investment banks, compliance departments are finding themselves increasingly involved with all areas of a business. In this era of a more proactive approach to oversight,…
June 2012: Terrifying Stuff
Victor says that despite reservations about cloud-based technologies, they will ultimately surpass their in-house counterparts.
Predators in the Pool: How Dark Pools Tackle HFT
Judgments about whether a dark pool is safe from predatory trading behavior will determine how often that pool is visited. Jake Thomases discovers that, although it is easy for operators to monitor their pool, it’s the philosophies behind filtration that…
60 Seconds with ... Keith Hale, Multifonds
Keith Hale, executive vice president, client and business development, Multifonds
May 2012: Ode to Experience
Like fine wine and cyclists, technologists get better with age.
James Rundle: Survival of the Fittest
Austerity is the key word in business and society at large. The ways in which the sell-side industry is streamlining its operations are being enabled by cutting-edge technology, though, and James believes the evolution on display is a key area of…
Anthony Malakian: Trust Your Gut
At this year’s North American Trading Architecture Summit, Anthony took note as speakers tried to explain how best to marry IT with the business. It’s a game of hits … and lots of misses.
Michael Shashoua: The Shape of Things to Come
Global industry messaging standards organization ISITC has put itself front and center in discussions that will influence the industry’s actions on operational innovation and regulatory compliance for years to come. Michael sheds light on the details of…
Max Bowie: Don’t Be the Fool Parted from Your Money
Widespread adoption of algorithmic trading has led to belief in the infallibility of computers. But as technology once restricted to institutional trading desks filters down to retail traders, Max asks whether the sophistication of the tools available…