Analysis
Analytics Critical for Tackling Big Data, But Humans Remain Paramount
As the amount of data firms must manage grows—due to both rising volumes from existing datasets and the exploration of new sources of data—firms increasingly turn to analytics to help make sense of the data. But analytics comes with its own set of…
Standards Coronation
The ISO 10962 Classification of Financial Instruments code is due for an overhaul, says Martin Sexton of London Market Systems. What will the new reigning standard look like?
Investit's Doherty: Politicians are Hurting Regulatory Processes
At yesterday's Linedata Exchange in London, the ever-shifting regulatory state of affairs in Europe was an issue that garnered much interest.
HSBC's Stephenson: Europe, Asia Take Different Approaches to Outsourcing
Cost is crucial for European asset managers, whereas Asia-Pacific fund managers must focus on technological investment, according to HSBC's global head of fund services Ian Stephenson, a panelist at yesterday's Linedata Exchange in London.
HFT: The End of the World As We Know It?
Yesterday, European lawmakers voted in favor of introducing stricter controls around the controversial practice of high-frequency trading, proposing a regulation that would require all posted orders to be kept in the market for a minimum period of half-a…
Mixed Messages: Direct Edge Equivocates on HFT
Direct Edge's message efficiency program came and went in a flash. But why? And will Nasdaq's follow?
Crunch Time for Mifid II as HFT Goes Under the Knife
Today's the day, supposedly, when the European Parliament will vote on the second Markets in Financial Instruments Directive─better known as Mifid II.
Option Overload: Buy-Side Traders Want to Downsize the Algo Kit
There are too many algorithms on offer, say two buy-side traders. Unless it is possible to see what each one does, the choice can be overwhelming.
FOA Provides Risk Management Guidelines for ESMA Compliance
The Futures and Options Association (FOA), a pan-industry representative body for firms engaged in the trading of derivatives, has published a set of guidelines aimed at providing granular detail for recent European Securities and Markets Authority (ESMA…
RBS CIO: Regulatory Arbitrage Possible, But Loopholes Closing
In August, Scott Marcar was named Royal Bank of Scotland’s (RBS’) new CIO of markets, where he will report to chief logistics officer David Shalders. Marcar recently spoke with WatersTechnology about the changing regulatory environment and the challenges…
Speed Is Not Enough, Even in HFT
Having the fastest technology in place does not necessarily guarantee the best trading result—rather, the most successful strategies will achieve a balance of speed, and cost and risk management, according to panelists who spoke at the European Financial…
FIX Protocol Offers Connectivity Solution for Some, But Not All SEFs
The open Financial Information Exchange Protocol (FIX) will allow a relatively painless connectivity method for order book Swap Execution Facilities (SEFs), but not those that operate on a request-for-quote (RFQ) basis, says the latest research from…
BAML Taps FTEN for European Clearing Control
Bank of America Merrill Lynch (BAML) has become the first general clearing member (GCM) to use FTEN's RiskXposure (RX) platform for its European clearing operations.
Caplin’s BladeRunner Solves HTML5 Issues, Encourages Collaboration
As HTML5 becomes adopted as the standard programming language for web-delivered software, the challenging environment of financial services has exposed some of its key development flaws. With BladeRunner, Caplin Systems believes it has solved the major…
In China, Galaxy Futures Eyes Western Push
As the oldest and largest joint venture (JV) brokerage in the Chinese market, Galaxy Futures is a high-profile representation of outward-looking securities firms within the country. Originally partnered with ABN Amro before the Dutch bank's acquisition…
Panel: Anti-Gaming Shifts to the Background
Anti-gaming techniques have become more incorporated into overall order placement strategy and are no longer the big, standalone topic they once were, according to TradeTech West panelists.
Exchanges Shouldn't Internalize For Profit, Says Headlands' Andresen
There is a difference between internalizing and internalizing for your own benefit, explains Matthew Andresen.
Quants' Conundrum: Funding Valuation Adjustment Comes Into Its Own
While firms, regulators, and academics continue to debate a suitable role for FVA, technologists and quants are forging ahead with implementations.
Who Should Pay for the New TCA?
When it came time to announce who will bear the cost of next-generation transaction cost analysis (TCA), the experts had more than one suggestion.
No Buy-Side OMS/EMS to ‘Rule Them All’—Yet
Hedge funds are diversifying, says ITG's Will Geyer, and he expects trading desk tools to follow suit.
Quants' Conundrum: Funding Valuation Adjustment Comes Into Its Own
While firms, regulators, and academics continue to debate a suitable role for FVA, technologists and quants are forging ahead with implementations.
Prospera Praises SunGard's Social Media Surveillance Technology
Texas-based broker-dealer Prospera Financial Services has hailed the impact of SunGard's Protegent social media surveillance tool since going live with the technology in November last year.