Feature

On the Record: Precision Engineer

As high-frequency trading took off, requiring ever-faster data distribution, latency monitoring and measurement emerged as a key part of trading firms' infrastructure strategies, and a competitive market for monitoring tools quickly sprung up. But while…

Moving Parts and Closing Gaps

Corporate actions professionals are looking at how to automate more complex pieces of processing these events, Michael Shashoua reports. Messaging standards and complex instructions and choices are key factors

Stepping Up to SEPA

The Single Euro Payments Area project is standardizing the identifiers and messaging formats used for transactions throughout the eurozone. With six months left to comply, some firms have a lot of data mapping work to do, writes Nicholas Hamilton

Europe's Build-Up to Basel III

The European Union’s Capital Requirements Directive IV will implement Basel III proposals across the continent when it comes into force at the beginning of next year. With firms likely to do much of their risk-modeling internally, the demands on data…

On the Record: Mercado Keeps it ‘Simple'

Emilio Mercado has spent the bulk of his career working for market data vendors. Now, he's working for himself, running his own vendor, Simplified Financial Information, and aiming to simplify how firms manage market data usage and infrastructure, when…

Risk Management a Challenge When Algos Go Rogue

In an article published in May, Waters explored the problematic task of performing market surveillance in automated, high-frequency trading environments. Another challenging area for algorithmic trading is that of risk management, when questions of risk…

AQR's Path to Reconciliation

In order to improve its reconciliations capabilities, AQR Capital decided it needed to replace its legacy reconciliation system, which relied largely on manual processes. The Greenwich, Conn.-based hedge fund turned to Electra Information Systems for…

Inventing the New Thing Is the New Thing

Innovation is like vacation—people spend more time talking about the amazing places they’re going than they spend actually getting there. There isn’t a company worth its salt where innovation is not part of its agenda, although its application varies…

Risk Management: Time to Get Real

It wasn’t long ago that it was acceptable for capital markets firms to manage their risk on an overnight basis, computing their various measures through lengthy batch processes while the markets slept. But that all changed with the 2008 credit crisis as…

Chief Data Officer: A Role Under Construction

Over the past few years, the capital markets have witnessed the promotion of data executives to the role of chief data officer (CDO), elevating data issues to the C-level. Marina Daras looks at how CDOs are making their way to the top of primarily sell…

The Search for Solvency II Solutions

Solvency II may be delayed, but it has not gone away. As the most focused industry participants chip away at the complexity of the European insurance regulation, Nicholas Hamilton discovers innovative compliance solutions, including data metering systems…

HSBC, Citi Contend With Standards Variations

Data management professionals continue to face multiple data standards that prove challenging when trying to achieve consistency. Michael Shashoua explores how semantic data is proving useful to aggregating data generated under these different standards.

Fatca-Fueled Shuffle

The US foreign tax collection regulation is beginning to drive firms to change data documentation and management procedures. Michael Shashoua audits the developments

Poles Apart? Tech Push Boosts Poland's Prominence

Capital markets in Central Europe—and especially Poland—have made steady gains after being unlocked by the collapse of the Soviet Union, with new technology helping to both catalyze reform and create jobs. Tim Bourgaize Murray reports from Warsaw on the…

E-Trading Corporate Bonds: Act Two?

In part one of his two-part feature on the electronic trading of corporate bonds, Jake Thomases traveled back in time to understand why an early explosion of credit trading platforms disappeared almost as soon as it arrived. In part two, he asks whether…

Lessons from the Hash Crash

Over the past few months, a series of glitches similar to the one that caused the Hash Crash has made it clear that the financial markets are at the mercy of high-frequency trading machines. Some of these systems feed mostly on social media content,…

Putting a Value on Collateral

With the European Market Infrastructure Regulation set to impose margining requirements on parties to over-the-counter derivatives trades, firms are examining their own policies for valuing their collateral, writes Nicholas Hamilton

Taking Action Against Asian Fragmentation

The diverse nature of the Asia-Pacific region has long caused problems for the timely processing of corporate actions data. Nicholas Hamilton finds out how market participants manage these challenges and what is being done to improve standardization and…

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