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…
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…
As Prime Brokers Lack Sufficient Sales Oversight, Clients Step Up
Ultra high-net-worth (UHNW) individuals and family offices are beginning to more closely monitor the fees and servicing agreements attached to products their intermediaries are selling them. The sell side could do them one better, though, and get there…
MillenniumIT Preps Surveillance Algo Library
Market surveillance and compliance teams always have one perpetual challenge in modern markets: staying ahead of the curve.
Swearing the Oath of the Data Watch
Strapline: Industry Warehouse
DTCC Announces Settlement and Collateral Initiatives
The Depository Trust and Clearing Corporation (DTCC) is making an effort to publicize its primary initiatives surrounding collateral management and settlement, in an effort to help the industry lay out budgets for the coming year.
Former HP Intellectual Property Chief: Looking After IP Demands Creativity, Before Litigation
From the smallest startup to the largest financial institution, protecting the intellectual property (IP) that drives technology has become a more complicated—but also, potentially more profitable—process.
IEX Mulls Public Exchange Options
IEX, the start-up trading venue founded by former RBC trader, Brad Katsuyama, wants to institutionalize fairness and curb predatory trading by eliminating the speed advantage that high-frequency trading (HFT) firms have over smaller institutional…
Volumes an Increasing Problem for Asia-Pac Exchanges
While the world is gradually transitioning to electronic trading, critical parts of market infrastructure in Asia-Pacific are being challenged in keeping up with the increase in volumes, panelists at the Asia-Pacific Trading Architecture Summit said last…
Squeeze on Cost Changes Technology’s Role
While the pressures of cuts and budget reductions affect all areas of a firm, the technology function is experiencing a change in how it operates and the level of importance it’s given as a direct result. That was the message from panelists at the Asia…
In Six Months, Ransomware Fear Has Grown
Successful cyber attacks on financial institutions have traditionally resulted in a theft of data, disruption of trading activity or websites - as in a DDOS attack - or a manipulation of internal company operations as a means of hurting the business.
Shoring Up Sharing Gains in Data Management
Data strategies instituted or revised to ensure accurate tracking of holdings and transactions, and improved overall data quality and data management practices, are dependent on a cultural change in management to allow more data sharing. But that…
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…
BMO's Marson: Information Security Demands Processes As Well As Tools
While giving a presentation at this year's Toronto Trading Architecture Summit, Chad Marson, BMO's information security officer for capital markets, said that while security tools themselves are crucial, the processes, scalability, and ability to mature…
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…
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.
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.
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.
Principles In Action
Strapline: Industry Warehouse
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…