Emerging Technologies
Tech Panel: Act ‘Appropriate,' But Speed Still Needs Spend
With today's capital markets increasingly automated and reliant on high-performance technologies, budget constraints resulting from the economic crisis of recent years are forcing firms to be more selective about building proprietary systems in-house…
CJC Taps Beebeejaun as Sales Head
Market data consultancy and real-time systems support and management provider CJC has hired Feroze Beebeejaun as head of sales, responsible for generating new business for CJC's outsourced support operations and for its commercial management business…
Misys Adds Medlock as CFO
Rick Medlock will join the buy-side technology provider in 2014 after leaving Inmarsat, a mobile satellite services company where he has overseen finances since 2004.
New Regulations Will Drive Data Costs Higher, Panel Warns
The growing raft of new regulations are increasing the market data burden on all market participants for risk analysis and for meeting reporting requirements, while also increasing the cost of connecting to and aggregating new datasets, said panelists at…
EFIS User Panel: Data Cost Control Becomes Cultural Shift
Continuing pressure on data budgets at end-user firms following the financial crisis is creating challenges for market data managers, but is also creating opportunities to bring new approaches to how firms source and consume data, said panelists at this…
EFIS Keynote: HSBC Chief Data Officer Baker Defines Value of Data
Unlike precious assets such as gold, the value of market data is governed not by its rarity, but by its significance and usefulness, which depends on its ability to inform decisions and solve problems-and which in turn depends on having a dedicated…
PTP Gains Traction as De Facto Latency Monitoring Protocol
As financial services firms look to improve their latency monitoring and measuring, PTP is gaining greater acceptance as Wall Street firms move away from NTP, the traditional protocol for clock synchronization.
Citing Tech Concerns, Sifma Pushes Back on SEF Deadline
Sifma has sent out a final plea to regulators to push back next week's swap execution facility (SEF) registration and compliance deadline—largely because technology questions remain.
In the Public Interest: Tech Critical as Public Investors Seek More Active Approach
A small but influential set of private equity’s limited partners, many of them quasi-public entities like pension plans and sovereign wealth funds, are considering co-investment strategies with their general partners, or even arranging deals directly…
FIX Trading Community Publishes SEF Guidelines
The FIX Trading Community, formerly FPL, has published guidelines on the exchange of information between broker-dealers and swap execution facilities (SEFs).
Industry Vet Scouse Founds Data Cost, Content, Compliance Consultancy
Trevor Scouse, a 35-year veteran of the financial services and market data industries, has set up a consultancy, TJS Data, to advise data consumers and distributors on cost and compliance issues surrounding market data acquisition and management.
Myra Trading's Yanilmaz Discusses the Growing Cost of Market Data at IMD Chicago 2013
Mehmet Yanilmaz, partner at Chicago-based proprietary algorithmic trading firm Myra Trading, reflects on market data costs after moderating a panel on the topic at this year's Inside Market Data Chicago event.
Woodbine Associates Hires Risk and Portfolio Performance Expert
Connecticut-based research firm Woodbine Associates has hired Jerry Waldron as director of risk and portfolio analytics.
Dolan to Lead Fidelity ActionsXchange
Will Dolan, who has held a few senior roles within Fidelity Investments since 2004, has been named head of Fidelity ActionsXchange
Update: OPRA Data Issue Halts Options Exchanges
The Options Price Reporting Authority was forced to cancel a software upgrade for its feed of consolidated US options quote and trade data on Monday Sept. 16, after the upgrade caused issues with calculation of the national best bid and offer price,…
Oh, Those Sneaky Hedge Funds
This week two articles in the Financial Times caught Anthony's eye. Are hedge funds really an extension of some covert government agency, or are they desperately seeking alpha?
SAP Makes a Push in Financial Services
SAP operates across 25 industries. Four years ago, according to a representative of the German software giant, financial services was the 16th most significant of those, squeezing just in between chemical and footwear and apparel.
EPFR Brings on Badolato in HK
Fund flows data provider EPFR Global has hired Elizabeth Badolato as business development manager in Hong Kong to expand the vendor's presence in Asia, reflecting the growth of its client base in the region, which was previously supported from the vendor…
Tech Questions Loom After Major Exchanges Tie the Knot
A period where no meaningful exchange M&A made it to the finish line has been followed by two announced megadeals that appear likely to be approved. Jake Thomases looks at what IT advantage is gained by such massive mergers, and whether these latest…
Ipreo to Market FactSet Data to Corporates
Company data and investor relations service provider Ipreo has struck a deal with FactSet Research Systems to distribute the FactSet workstation and the vendor's FactSet for Microsoft Excel spreadsheet add-in to corporate clients, as part of Ipreo's…
SIX FI's Kevil Goes West
SIX Financial Information has relocated sales executive Kimberly Kevil from the US East Coast to the San Francisco Bay Area to support large and important clients on the West Coast, and to lead sales in California and Mexico, and reporting to Barry…
UTP Participants Propose Adding Odd-Lot Trades to Tape
The Securities and Exchange Commission is inviting comments on proposals by the exchange participants in the UTP (Unlisted Trading Privilege) consolidated tape of quote and trade data in Nasdaq-listed stocks to include odd-lot trades on the UTP last sale…