Buy-Side Technology/Analysis
EMIR Coming Into Focus with Quieter Second Deadline
With the passing of the second deadline occurring with relative ease, firms are slowly getting a better grasp of the European Market Infrastructure Regulation, but there is still plenty of room for improvement in terms of participation, particularly…
Innovation Suffering in Back Office Tech, Says Panel
Innovation in financial service technology is dead. So said Joseph Lodato, chief compliance officer at Guggenheim Securities, at a TSAM panel discussion last week.
Tech as Glue for, Not Replacement of, Business Processes
When it comes to automating back-office business processes for the benefit of the operations team, Diana Merenda, MD of consultant Client Lifecycle Solutions, said on a panel at the TSAM conference that technology is merely the glue that holds together…
The Who and How of Cyber Criminals
Hackers have grown up in the last decade. They've got more resources, more ways to get into your network, and more things to take once they get in.
For Low-Latency Trading, Even as IT Spreads Come Down, Challenges Remain
Panelists at this year's Toronto Trading Architecture Summit discussed the challenges involved in improving latency, and balancing the benefits with the costs.
Sinisgalli Not Rebuilding at Eze
On two previous occasions, Pete Sinisgalli has been brought in by a company's board to be CEO. In another instance he was brought in as a COO. All three times, the company in question was struggling or headed in a downward direction and needed a new…
Waters Panelists: OTC Derivatives Change Good, But Imperfect
There must be something about the over-the-counter (OTC) derivatives marketplace that lends itself to analogies. During a Waters Breakfast Briefing on the subject, the new OTC landscape was at once likened to a python, a highway, and Stony Brook…
CPPIB's Hurley Looks at Four Areas of Innovation
While giving the keynote address at this year's Toronto Trading Architecture Summit, Jeff Hurley, who is head of technology at the Canada Pension Plan Investment Board (CPPIB), discussed the main areas of innovation in this regulatory environment.
Former CFTC General Counsel: US Swaps Reform a Mixed Bag of Outcomes
Terry Arbit, former deputy general counsel for legislative and intergovernmental affairs at the Commodity Futures Trading Commission (CFTC) and now partner at Norton Rose Fulbright, gave attendees at this morning's Waters Breakfast Briefing a first-hand…
Boutique Options Shops Ponder Exit, Improvements as Opportunities Narrow
Citing fragmented markets, IT costs, and larger market makers' increasing dominance, a panel of proprietary traders discussed what ails options firms at this year's Options Industry conference, recently held outside Austin, Texas. Though not every…
Don't Bother Joining the Low-Latency Arms Race, Say Low-Latency Traders
Low-latency trading, which has dominated the equities conversation for years, seems to have hit an unceremonious wall. Asked if there is still an opportunity to make money in latency arbitrage, a panel at the North American Financial Information Summit…
Esma Opens Consultation on Mifid II, Refines HFT Scope
The European Securities and Markets Authority (Esma) has opened its consultation on the review of the Markets in Financial Instruments Directive (Mifid II) and Regulation (Mifir), the two most important pieces of legislation issued by European…
Front-Office Influence Wanes in Modern Buy-Side Firms
A hard-and-fast rule in buy-side firms used to be that the trader’s word was God, at least for middle- and back-office teams who often had to scramble to implement their requests at short notice. Given the increased focus on cost savings and efficiency,…
Delegated Reporting not a Silver Bullet for the Buy Side
While delegated reporting for derivative transactions can ease some of the strain on buy-side firms, the onus is still firmly on them to ensure the accuracy of what’s being reported on their behalf, and this can be difficult to determine, senior…
IMA Publishes IBOR Standards, but Every IBOR is Unique
Just as the UK's Investment Management Association (IMA) releases the first circular on the requirements and definition of the Investment Book of Record (IBOR), panelists at the Buy-Side Technology European Summit in London on Tuesday reflected on what…
FCA Expresses Concern over System Readiness for EMIR Compliance
While market participants continue to struggle with requirements of the European Market Infrastructure Regulation (EMIR), some relief has come from the UK Financial Conduct Authority (FCA). With that, though, is also a warning shot about having systems…
Buy Side Has an Eye, but Not a Finger on the Pulse, say Tech Chiefs
While buy-side firms are aware of so-called disruptive technologies, the industry as a whole is not keen to press ahead with early adoption in most cases, tech chiefs at buy-side firms said at the Buy-Side Technology European Summit’s C-Level panel. Some…
LGIM CIO Emphasizes Change Management Integration in BST Europe Keynote
While people, processes and technology are important for an effective means of coping with change at buy-side firms, cultural acceptance is the critical factor, said Paul Stevens, CIO at Legal & General Investment Management, during his keynote address…
Through Acquisition, Japan's Buy Side Grows its Presence Globally
According to NRI's Kazumitsu Yokokawa, asset managers in Japan are working to grow their global presence largely through acquisition. Additionally, the regulatory and economic environment in the nation is changing in a way that may prove favorable to buy…
Extending 'Continuum of Innovation', BlackRock and Tradeweb Ally on Electronic Rates Trading
A recently announced and newly-integrated electronic trading solution will fuse Tradeweb's marketplace with Aladdin for order management, pricing, and execution of interest rate products and derivatives, serving only to deepen one the industry's longest…
Dark Pools Are Growing, but Regulations Loom
According to studies conducted by consultancy Celent, dark pool trading in the US has steadily risen since 2008.
Speed, Listing Exclusivity Promote New Volatility Index Options
Patrick Fay, director of listed derivatives at Russell Investments' index arm, says the way to a successful volatility index option is through the buy side. The rub? Not every buy-side firm understands derivatives the same way.
HFT Profits Down as Concerns Grow
At the recent Tokyo Trading Architecture Summit, Neil Katkov, senior vice president of the Asia region for Celent, laid out the state of high-frequency trading (HFT) in the US and discussed what might lie ahead for Japan.
GSO Capital Partners Turns to SS&C for Form PF Filings
GSO Capital Partners only began outsourcing its regulatory filings once Form PF came around. The performance of SS&C GlobeOp in handling that filing may prod GSO to hand over others.