Sell-Side Technology/Special
The Future of High-Frequency Trading
The popularity of high-frequency trading is growing by leaps and bounds within the financial services industry, despite the growing political pressure to further regulate it. High-frequency trading adds liquidity to the market, tightens spreads while…
Handling the Growing Buzz
High-frequency trading is at a crossroads. The barriers to entry for high-frequency trading have never been this low for buy-side firms. At the same time, sell-side brokers are facing a low-latency arms race trying to make sure they can deliver the…
Evolving Demands Lead Wedbush to Diversify
Automated trading has been constantly evolving over the past decade as trading technology progresses, but its overall effect on the cash equities markets has not changed: Trading margins continue to come under increasing pressure as more firms want to…
London Calling
It was nearly a year ago when DWT and sibling publication Buy-Side Technology sponsored the first Best Execution conference in Manhattan. While trying to remain modest, I can say the event was a rousing success. The dialog that occurred between the buy-…
Cyber Trading Technologies Fragmentation Drives Smarter Algos
LONDON-As liquidity in the European market-place continues to fragment, it increasingly falls on the sell-side to re-aggregate that liquidity for their clients, according to industry experts.
Cyber Trading Technologies Europe Expects Smart Order Routing, Algo Overlap
LONDON-As smart order routing (SOR) technology becomes more prevalent in European markets, the lines between SOR and trading algorithms will blur, according to industry insiders.
Cyber Trading Technologies Algorithms Alter Dark Pool Dynamics, say Panelists
LONDON-Although dark liquidity cannot be considered an innovation in the financial markets, dark pools have been recently transformed by algorithmic trading, according to market participants.
Putting Humpty Dumpy Together Again: Dealing with Fragmentation and Liquidity Management
The following is an excerpt from a presentation entitled Impact of a Fragmented Market on Liquidity Management given by Tom Middleton, head of European algorithmic trading with Citigroup, during the Best Execution 2009 conference in London.
Compliance Technologies New Faces and Regulations for the European Market
As the global economy attempts to right itself, national and supranational market regulators seek ways to prevent similar situations from reoccurring in the future. Below is an excerpt of the keynote address entitled The E.U. Regulatory Model: Challenges…
Infrastructure Technologies Build for Core, Buy for Generics
LONDON-When looking to add technologies to support their core businesses, financial firms should try to build them internally. However, when requiring more generic components, the best choice is to buy off-the-shelf products, say industry participants.
Navigating Market Volatility with Real-Time Risk Management
It wasn't long ago that the most sophisticated investment firms wanting to manage their risk needed to run their Monte Carlo simulations and other models as overnight processes due to IT constraints. Thanks to faster processors and innovations such as…
The Art of Liquidity Management
As liquidity in the markets continues to fragment and individual trading venues introduce innovative offerings, broker-dealers can no longer expect to manage their order books in the same way they have in the past. Firms need to find and manage liquidity…
The Ghost
Since its introduction, automation in electronic trading has followed a natural evolutionary path. The simplest manual processes were the first to be automated and, as technology evolved, more complex tasks followed. Through it all, the traders…
Sifma Technology Management Show Guide
It may be easy to predict that the financial crisis and its toll on the industry will be on everyone's lips at this year's Securities Industry and Financial Markets Association (Sifma) Technology Management Conference and Exhibit. When most would be…
Divining the Right Liquidity Platform
As liquidity in global markets continues to fragment, sell-side firms of all sizes realize that deploying a liquidity management strategy and its supporting infrastructure isn't just about reaping the extra profits, but also meeting new regulatory…
SaaS Gains Traction within Reconciliation
According to a recent research report published by industry analyst firm TowerGroup in conjunction with industry consultancy Perot Systems, small and midsize investment firms are investigating incorporating software-as-a-service- (SaaS-) delivered…
Regulators Weigh Mifid's Success
LONDON-Since its rollout, the Markets in Financial Instruments Directive (Mifid) has increased competition in the securities markets and lowered costs for investors, according to European regulators.
Banks Eye Mixed Platforms to Calculate Front-Office Risk
LONDON-When tackling risk, financial firms are using front-office systems that combine real-time and batch-based calculations, according to industry participants who spoke during a panel discussion about risk at the DWT 2009 conference.
Cloud Security Challenges Adoption
LONDON-Although some industry insiders say cloud computing is not a new concept, the technology presents solutions to new problems in financial services firms.
Taking Control in the Economic Downturn
LONDON-As the global markets continue to attempt to right themselves during the current crisis, financial technologists and their organizations can weather this upheaval and potentially come out ahead, according to Peter Kelso, CIO of Deutsche Bank…
Thoughts on Turning 15
On May 13, DWT held its 15th annual DWT conference and exhibition at the Hilton Tower Bridge in London, drawing buy-side and sell-side financial technologists from the City and Canary Wharf, as well as Continental Europe. All gathered to discuss this…
Smart Order Routing Becomes Key for FX Traders
LONDON-In less-liquid markets, smart order routing has become key not only for equity traders, but also for those trading in the foreign exchange (FX) space, according to speakers at a liquidity sourcing panel held during the DWT 2009 conference.
Banks Seek More Automation in Portfolio Trading
LONDON-When it comes to automated portfolio trading, a lot of offerings in the marketplace today are not fully automated, industry insiders say.