Sell-Side Technology/Analysis
FX Has a Place in Emerging Markets, Too
When most people think of trading in emerging markets, they think of equities first. Equities uses well-established procedures and technology and is therefore easiest to implement. In a webcast on foreign exchange (FX) technology, though, FX specialists…
Beyond DDoS: Advanced Persistent Threats Linger After al-Qassam
After recent cyber attacks on US financial firms, the conversation has focused on distributed denial of service (DDoS) strikes. But firms need to acknowledge that DDoS is simply a means; the ends suggest something more complicated.
Mifid II Must Mind Market Microstructure
Regulation took center stage at a panel discussion in London on Tuesday as the nuts and bolts of the Markets in Financial Instruments Directive review (Mifid II) went under the microscope.
Fallout from Order-Handling Errors Unclear
Last week’s confessions by three top US execution services providers regarding failures to match the national best bid and offer (NBBO) came as a surprise, and the fallout is unclear.
OTC Participants Self-Report a Lack of Readiness
A survey by London-based consultancy Rule Financial has quantified, albeit in an unscientific way, what a feature for the November issue of Waters revealed anecdotally: Financial institutions are unprepared for over-the-counter derivatives (OTC) reform…
NYSE Euronext Bid Puts 2012 on ICE
News of the IntercontinentalExchange’s (ICE’s) $8.2 billion cash-and-shares bid for the venerable New York Stock Exchange (NYSE) ends a year of speculation over consolidation and the future of the landmark equities operation at Broad and Wall Streets in…
Multi-Bank FX Platforms More Ubiquitous, Less Popular
Foreign exchange (FX) traders are getting more comfortable with algorithms and electronic platforms, says Ugur Arslan, CEO of New York-based quant fund AienTech, at a webinar hosted by Lexington, Mass.-based complex event processing (CEP) software vendor…
Citi's Hill: Cloud Augurs 'Biggest Shift Since Desktop Browsers’
At this week's Waters USA conference in New York, executives from UBS, Lord Abbett, and Citi agreed that on matters of cloud, the questions will be “how” and “when,” rather than “if.”
UBS COO: Big Data Represents a Whole New Vocabulary
Richie Etwaru, COO of group technology at UBS, says that in order for the industry to fully tap into Big Data, there must be a change in mindset in terms of how data is thought of, and what it can be used for.
RBS’ Eddie: Capital Requirements Set to Get Harder
Capital requirements have been daunting to address, and will only get harder with Basel III, says Alan Eddie, who runs risk technology for the Americas for the markets and investment banking businesses at the Royal Bank of Scotland, speaking at the…
SEC's Lewis: Regulator Rapidly Catching Up With Analytics
The US Securities and Exchange Commission (SEC) is becoming more technology-aware, according to Craig Lewis, director and chief economist for the SEC’s risk, strategy, and financial innovation division.
BofA’s Reilly: Mobility About Risk and Data Control, Not Cost Cutting
Bank of America Merrill Lynch has internally distributed 55,000 BlackBerrys and 5,000 Apple iPads, as well as 20,000 devices that it supports as part of its bring-your-own-device (BYOD) policy. In one year, it handles 2.6 billion instant messages, 1.2…
Predictions About Final SEF Headcount Drop
As the real-live launch of real-life swap execution facilities (SEFs) draws closer, a group of derivative experts predict that there will be fewer entrants than previously estimated.
Exchange Competition Just a Veneer, Says Aquis Chief
Alasdair Haynes, CEO at the newly formed Aquis Exchange suggests there is much room for improvement within the exchange world in terms of competition and innovation.
MEP Says No to Minimum Resting Times
Kay Swinburne, member of the EU's Economic and Monetary Affairs Committee, believes minimum resting times for orders will not make it into the final drafting of the second Markets in Financial Instruments Directive (Mifid II).
WFE Chief Urges Regulators to Embrace Technology
Regulators need to appreciate the positive impact that technology has had upon the capital markets and not fear its use within them, according to Hüseyin Erkan, CEO of the World Federation of Exchanges (WFE).
HTML5 the Future for Web-Based Trading Apps
A survey of over 300 app developers within the financial services industry suggests that HTML5 is the future platform upon which web-based trading apps will be built.
ASIC Considers Kill Switch Introduction
The Australian Securities & Investments Commission (ASIC), plans to release a new set of rules for automated trading this week, chief among which will be the introduction of circuit breakers for brokers.
Deutsche Bank Offers Outsourced Trade Cycle with dbIntegrate
Deutsche Bank has announced the launch of its dbIntegrate service, which utilizes the bank's venue connectivity and post-trade experience for a front-to-back office equities trading solution.
Increasing FX Venues Provide Options, Not Volume
At the recent FPL Americas conference in New York, a panel debated the cost/benefit of the raft of new foreign exchange ECNs that have popped up lately.
Nomura Overhauls Derivatives Operations with Fidessa
Global investment bank Nomura is set to upgrade its derivatives trading operations using technology from Fidessa, the third such large-scale implementation that the vendor has engaged in over recent months.
Rogue Trading: Leaving Less to Fate
The destinies of fallen traders Jérôme Kerviel and Kweku Adoboli are a matter to be settled, but what firms' compliance desks should be concerned with is clear: The more you know about a rogue trader, the more he or she begins to stand out.
NSE Shifts Blame for India Flash Crash
Since India’s S&P CNX Nifty index dropped 900 points earlier this month, the country’s largest exchange hasn't disclosed any evaluations of its own mistakes. One technologist has a few suggestions.
FIX Group Standardizing Venue Data
The sell side is all over the map when it comes to execution venue data that it provides to clients. FIX is trying to fix that.