Waters
High-Frequency Trading special report
April 2012 - sponsored by: NovaSparks; ONETICK; Sybase, an SAP company
London Stock Exchange CIO Antoine Shagoury: Man of the People
When Antoine Shagoury took on the role of CIO at the London Stock Exchange, he embarked on an ambitious program of reform at the venerable, but embattled, institution. Several years on, he reveals how technology is driving the growth of the entire…
April 2012: Are We Out of the Woods Yet?
Victor sees shoots of green in the economy and in Wall Street technology initiatives.
Max Bowie: Vendors Focus on Solutions that Deliver ‘Solutions’
Although algo trading is grabbing headlines, Max believes that the humble terminal is seeing a renaissance as vendors strive to provide more insightful solutions to address increasingly complex markets.
Michael Shashoua: Dueling LEI Standard Proposals
Recently, Financial InterGroup, which had challenged the favored ISO 17442 standard for the legal entity identifier, took another shot by specifying an 11-character LEI. Michael looks at its prospects in the industry.
Anthony Malakian: Undue Diligence
As scandals at large firms like AIJ Investment Advisors, or small firms such as Market Neutral Trading, persist, the need for operational due diligence has taken on greater importance. Technology can help, Anthony says.
Real-Time Surveillance: Mission Impossible?
European regulator ESMA wants trading venues to perform market surveillance and abuse monitoring in as close to real time as possible. But is the technology and operational capacity in place to make this initiative work? By Steve Dew-Jones
Jake Thomases: The Greed for Speed
In recent years, various constituents in the financial services industry have played their part in reducing latency, to a point now where we’re seeing diminishing returns. And as Jake points out, trading firms don’t necessarily need to operate at any pre…
It's All Semantics: Top-Tier Banks Investigate Semantic Technology for Data Management
Semantic technology, while still for the most part in the conceptual phase in the capital markets, is a term that is becoming more than just a whisper inside financial institutions. By Anthony Malakian
Whither Volcker? Firms Brace for Deadline as Delays Anticipated
The Volcker Rule’s deadline for public comment has passed, with a sea of responses from organizations all over the world. Implementation dates are currently debatable, but compliance with the regulation will require structural and technological change…
The Return of Green IT
While it hasn’t gotten the attention it did during the green wave of the mid-2000s, environmentally friendly technology is in place at many of the world’s major financial institutions. Jake Thomases looks at the latest initiatives designed to save the…
OTC Derivatives Processing special report
March 2012 - sponsored by: Omgeo, OpenLink, TradeWeb
March 2012: Wide Awake in India*
Jet-lag didn't slow Victor down during his recent trip to India.
Big Data Is Big Stuff
The phenomenon of Big Data, now a proper noun in its own right, reflects the inexorable growth of data volumes, and the velocity and variety of those volumes, across the financial services industry, presenting market participants with a host of…
Special FX: The Evolution of e-FX Trading
Foreign-exchange trading has changed considerably over the past 10 years. Daily turnover has doubled, spreads have tightened dramatically, and the market has opened up to new entrants as never before. At the heart of this is a shift to electronic trading…
Direct Edge CEO William O'Brien Plans to Go Global
William O’Brien, who once rejected his exchange roots, took over a tiny ECN and grew it into one of the biggest equity exchanges in the world. Now he’s looking at new markets for Direct Edge. By Jake Thomases
Numbers Game: Gauging the Impact of Big Data Part II
In the February issue of Waters, the first part of this feature defined Big Data in terms of volume, variety and velocity. But what does this actually mean for the financial services industry and the technology considerations necessary for dealing with…
Call Auctions: Trading in a New Old-Fashioned Way
Call auctions are one of the oldest forms of stock trading. Plenty of people would like to have an auction option, yet no such system has existed for more than a decade. AX Trading is giving an electronic version another shot. By Jake Thomases
Business Continuity in the Cloud
The cloud offers enhanced IT service availability and flexibility, but customers need to understand their responsibilities in order to achieve this. By Mike Small
Max Bowie: Vote for Democracy—Data Democracy!
In politics and finance alike, incumbents that don’t live up to expectations are shown the door when their terms run out. With abstraction, virtualization and open-source technologies set to facilitate previously complex displacements, Max says vive la…
Michael Shashoua: Selling Fatca Globally
Firms in the US and abroad are beginning to get a clearer picture of what foreign tax withholding regulation will look like, following the release of proposed rules under the law. Yet US regulators can expect varied levels of cooperation from other…
Anthony Malakian: Getting Schooled in Data Quality
After writing a feature on data quality this month, Anthony has some new opinions on the issue of data quality—even if he still knows more about how to bet on horses than solving the industry’s data woes.
James Rundle: The Devil in the Details
The regulatory freight train is rushing full speed ahead in the opening months of 2012, but not without sincere attempts to derail it along the way. As well as that, James says, regulators are making efforts to gain real insight into how the financial…
No Turning Back: Firms Forge Ahead on Data Quality
In light of the global regulatory environment and firms looking to become more efficient while cutting costs, data quality has become a focal point for many technologists. However, the challenges are many and there’s still confusion as to who owns the…