Sell-Side Technology/Analysis
UK Chancellor Promises FX Market Review, Benchmark Oversight
George Osborne MP, the UK Chancellor of the Exchequer, has instigated a wholesale review of how foreign-exchange (FX) markets in the UK are regulated, along with widening the scope of which benchmarks are covered by new legislation on market abuse.
FCA Chief Highlights Struggle against “Dystopian” Tech Scenario
Martin Wheatley, chief executive of the UK Financial Conduct Authority (FCA), has said that the role of regulators in the modern world is to strike a balance between realizing the benefits of market technology, while not allowing it to run amok.
Finra CIO Randich Says Hands On Cloud, Hands Off HFT
By his own admission, Finra CIO Steve Randich is engaged in a public relations campaign. Finra, the huge self-regulatory organization (SRO) overseeing most of the US market, isn't well-thought of in banking circles despite boasting an IT staff of 1,000…
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…
Codestreet Builds First Sell-Side Corporate-Bond Dark Pool
New York-based software vendor Codestreet is taking a shot at the electronic corporate-bond market, one of the toughest to gain a foothold in within recent memory. Its play is to preserve the power of the broker-dealers, a group that's been losing its…
As the Japanese Market Matures, Risk Checks Take Center Stage
During a panel discussion at this year's Tokyo Trading Architecture Summit, end users talked about how they are investing in new technologies for pre- and post-trade risk checks, and how these solutions are becoming a competitive differentiator.
SEC's Berman: Let Data Allay Investors' Fears, Drive Test Pilots
Gregg Berman, associate director of the Securities and Exchange Commission’s (SEC’s) office of analytics and research (OAR), told an audience at the annual Options Industry Conference in Austin, Texas, that while distinct from the major technology…
The Cost of Co-Location and When to Make a Move
At this year's Tokyo Trading Architecture Summit, panelists discussed the costs of implementing a co-location strategy. This is part two of a three-part Q&A.
Japanese Firms Weigh Benefits, Costs of Joining the Latency Race
At this year's Tokyo Trading Architecture Summit, panelists discussed how firms have chased latency improvements, while balancing cost and time to market. Some ultimately decide to change course.
After Adjustments, Aequitas Still Set for 2015 Launch
Given the public opprobrium that surrounds high-frequency trading (HFT) at the moment, it’s easy to forget that some firms have been talking about the issues described in Michael Lewis’ book, Flash Boys, for a while now. One of those is Aequitas…
JPX Brings Tech Innovation to the Market, ‘Oligopoly' Concerns Remain
Panelists at this year's Tokyo Trading Architecture Summit discussed what the merger of the Tokyo and Osaka exchanges will mean for the Japanese market in the future.
SocGen's Neeraj Hegde: Latency is a Multi-Dimensional Issue
Speaking on a North American Trading Architecture Summit panel this week, Societe Generale's senior quantitative strategy developer for global equities, Neeraj Hegde, offered an alternative argument for why speed from black box trading system to exchange…
Four-Point Action Plan for Data Management
Though semantic data technology is helpful, it won't do any good unless these four steps are taken, according to State Street's David Saul.
European Parliament Adopts CSD Reg
The European Parliament has agreed a range of rules designed to govern the operation of central securities depositories (CSDs) and settlement cycles in the continent's financial markets, known as CSD Reg in industry shorthand.
BYOD, Mobile Offer Banks a Chance to ‘Get Cool Again'
As bring-your-own-device (BYOD) strategies grow inside banks, mobile data management has also emerged as a pressing issue, according to panelists at this year's North American Trading Architecture Summit.
Future Infrastructure to Embrace Cloud and Security
The ideal infrastructure of the future will include more cloud and better security, according to panelists at the North American Trading Architecture Summit.
SEC's Berman: The Data Disputes HFT Narrative
The US Securities and Exchange Commission's (SEC’s) office of analytics and research has run extensive studies in the past year on cancellation rates and other market activities related to high-frequency trading (HFT). Citing the results, Gregg Berman,…
EU Introduces First Rule on HFT
The European Parliament and the European Council last night reached agreement on updated rules for the Markets in Financial Instruments Directive (Mifid II), introducing the EU’s first rules on algorithmic trading.
Caplin's Patrick Myles on Navigating HTML5 Libraries, Tools
At this year's North American Trading Architecture Summit, Patrick Myles, CTO at software provider Caplin Systems, discussed the future of trading front-ends, and how HTML5 will serve a key role. Despite the programming language's promise, there are…
CIOs, CTOs Talk Data Management Frameworks
Sound data management is a three-tiered solution, Lord Abbett CIO Michael Radziemski told his audience during the C-level roundtable at today's North American Trading Architecture Summit. The lowest level is the authoritative data sources. The middle…
For Fatca Compliance, Banks Work to Create Internal Data Hubs
At a conference hosted by Waters' sibling publication OpRisk, panelists discussed the technological pain points that surround compliance with new Fatca guidelines. The key hurdle is clear: integrating disparate systems in order to more efficiently share…
HFT as Seen Through an Op Risk Lens
At an operational risk conference, US Bancorp's head of quantitative analytics explained how the Flash Crash and HFT should be viewed through an operational risk lens.
Panel Scrutinizes Trading Algos and Visualization Tools in FX Market
A panel of foreign-exchange (FX) practitioners analyze the results from the recent Tibco-sponsored survey on FX trading practices, arguing that electronic trading in the asset class doesn't necessarily equate to algorithmic trading.
EBS Rolls Out Latency Floor For Currency Pairs
Foreign exchange trading platform EBS has extended its randomized pause process across its most active currency pairs after a trial period on the AUD/USD and USD/CHF.