Special report
DWT SIBOS 2007 SPECIAL REPORT: Swift Grows Front Office
About halfway through its current five-year strategy-slated for completion in 2010-industry cooperative Swift has made improving front office services a major initiative.
Demand Rises for Certified Prices
Diversified investment strategies, together with market structure changes, are driving a heightened need for third-party services providing certified prices for instruments such as foreign, illiquid or complex securities and derivatives, industry…
Exchanges Face MiFID Battle
European exchanges will experience increasing competitive pressures as a result of the Markets in Financial Instruments Directive, with latency and throughput of their technology platforms and the depth of their datasets forming key battlegrounds,…
Trade processing costs press the need for buy-side aggregation tools
Stewart Eisenhart analyses a recent Riskmetrics report suggesting the techniques and technologies that buy-side firms could deploy in order to potentially avert future valuation crises such as the current sub-prime mortgage melt down unfolding in the US.
No silver bullet for sub-prime valuation challenge
The dust is yet to settle in the wake of the US sub-prime mortgage fiasco and already the analysts are hard at work suggesting techniques and technologies designed to avert such a crisis in the future. But as RiskMetrics' Christopher Finger explains in a…
Derivatives altering buy-side portfolio system requirements
The market for buy-side portfolio systems is expected to total $2.67 billion by 2010 as Asian and European-based buy-side firms' operational and technology requirements increase, and as managers generally extend their use of over-the-counter derivative…
Panel: Fragmented Europe Drives Latency Focus
Growing data volumes arising from the emergence of new markets in Europe will increase the use of technology to automate parts of the trading process and prompt a greater focus on latency in the region, according to an industry panel hosted by Colt…
Lack of Expertise Hampers FPGA Use
Hardware-accelerated solutions provide the best hope of dealing with high volumes of market data at low latencies, but may suffer because of the industry's current lack of experience and expertise with the new technologies, according to a conference…
Vendors Prep MiFID Feed Handlers, Consolidators
Market data and technology vendors Fidessa, Wombat Financial Software and SIX are all readying new products for capturing and consolidating new sources of market data that will emerge as a result of the European Commission's Markets in Financial…
Fund administrators move to the middle office
The continued move by hedge funds into the OTC derivatives market has placed significant pressure on their back offices in terms of processing, scalability, and general automation. This has led to a number of funds outsourcing their fund administration,…
Reports Predict Costly Volume Rises
Market data volumes could increase by 900 percent over the next five years, largely driven by Reg NMS and the European Union's Markets in Financial Instruments Directive, with spend on data technology set to rise to $2.4 billion by 2009, according to…
Brokers under pressure to provide more multi-asset tools
Demand for integrated, multi-asset trading front-ends is growing on the buy side as asset managers seek returns from an increasingly wide range of asset classes. The brokers who best address this need stand to gain a significant advantage over their…
Spanish alternative industry primed for boom
Stewart Eisenhart looks at the recently published Tabb Group report, Cross-asset trading systems: Controlling the trader’s desktop, and finds the broker community under increasing pressure to provide their buy-side clients with more integrated, multi…
Pyxis clients prefer mobile technology for business continuity
Asset management clients of mobile technology developer Pyxis Mobile have indicated their preference for hand-held devices rather than laptop computers in disaster recovery and business continuity scenarios in a recent survey conducted by the vendor.
Kimsey: Data Budgets Buck Spend Trend
Spending on market data services in the New York Tri-State area as a percentage of overall dealing room technology costs fell slightly during the past year from 27 percent to 26 percent, despite a 5 percent increase in trading floor technology budgets to…
FPL Panel Touts FIX for MiFID Data Challenges
Some industry figures are calling for the FIX protocol to be expanded to encompass reference data in order to create a symbology standard for addressing the data challenges of the European Commission's Markets in Financial Instruments Directive,…
Asia Data in Demand to Support Algorithmic Trading Needs
The recent proximity hosting arrangement between the Singapore Exchange and BT Radianz to provide low-latency access to SGX market data highlighted the growing popularity of algorithmic trading across Asia and interest in the region’s markets from…
Waters Rankings 2007 Announced
NEW YORK—Heat, humidity and a localized blackout could not keep attendees away from the fifth annual Waters Rankings reception, hosted at Métrazur overlooking Grand Central Station’s main concourse. This year, nearly 600 readers of sibling publication…
European equity markets ripe for electronic advance
Stewart Eisenhart covers the recently published Tabb Group report, European institutional equity trading 2007: The buy-side perspective, concluding that the rise in electronic pan-European execution volumes in the post-Mifid era is set to impact buy-side…
SIFMA Roundup: News From the Floor
With much of the discussion arising from last week's SIFMA show revolving around low latency and measuring latency, the issue threatened to drown out other news announced by vendors in different niches within the market data industry.
Buy-side use of equity derivatives outpaces automation
Tabb Group’s Exchange-traded equity derivatives report charts the increase in the use of such instruments across the buy side and predicts substantial changes in the way buy-side firms currently trade as they move from phone- and faxed-based systems to…
Latency Top Priority, but Firms Cool on Proximity Hosting
Latency remains a priority to support trading strategies such as high-frequency statistical arbitrage, though firms are examining a variety of options to achieve optimal performance, according to a panel organized by Reuters in London last week.
Users: Keep It Simple, Vendors
Market data managers want their data suppliers to go back to basics and provide service that is flexible, consistent, and where there is trust on both sides of the relationship, according to the opening user panel at Inside Market Data's North American…
Reuters, Bloomberg Take IMD Spoils
Reuters and Bloomberg were the big winners at last week's Inside Market Data Awards, taking home seven awards between them.