Opinion
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EDITOR'S LETTER
OSI: Managing the Impact Analysis
The business impact analysis, the logical first step of any options symbology initiative (OSI) program, should provide a complete view of the OSI's effect on an organization, its business processes and its systems, says Ernst & Young's Alan Paris, with…
Editor's Letter - Things are not the same
I'm not going to be in New York this year for the annual SIFMA conference/exhibit, and I'm disappointed it'll be the first such get-together I've missed in the past seven years. But I simply couldn't justify the expense and time out of the office to…
Warming up to registration by Stewart Eisenhart
What a difference three years, an economic crisis and a new US presidential Administration make. After successfully turning back SEC efforts to require hedge fund registration in 2006 - and keeping the issue from being meaningfully revisited since -…
Calculating the real cost of technology
Buy-side firms are under increasing pressure to rationalise their technology infrastructures and staff compliments in an attempt to positively impact the bottom line. One way of doing this is by carrying out a total cost of ownership (TCO) exercise…
Mind the gaps by Emily Fraser
If a road or pavement starts to crack, creating a public health and safety hazard, you would hope the local authorities would eventually come along and fix it. Unchecked, such cracks pose a risk of serious injury, particularly to weaker and infirm…
Will Non-MVPs Strike Out?
The New York Yankees and New York Mets both moved into billion-dollar new stadiums this season, despite the financial constraints associated with the turbulent economy. And while I can't vouch for attendance at Citi field, the Yankees have played to sell…
It Never Rains, But It Pours
If it is the middle of June, it must be time for the Securities Industry and Financial Markets Association's (Sifma's) Technology Management Conference at the Hilton in Midtown Manhattan. In the past, the conference always marked the unofficial start of…
What Happens at SIFMA Stays at SIFMA
It's that time of year again. High-stakes rollers circle a large hall devoid of daylight. Some of them know their game, some are there to observe, others play their cards close to their chests. The players use strategies from free drinks to scantily clad…
Use the Force, Luke
I haven't spent much money on toys for myself for quite a number of years. Apart from plunking down a few dollars to replace the 3 megapixel brick of a digital camera that I have been carrying around for the past five years, I didn't have any major…
Analyze This
I write this looking out on a misty and unseasonably mild night in Astoria, with clouds shrouding tall buildings and rain pounding my window, at a time of year when the city should be sweating in the middle of an unbearable New York summer. It goes to…
Foreign Exchange Students of Latency
Much of the debate around low latency, direct feeds and capacity issues has thus far focused on the equities and options markets, with warnings that these concerns will soon expand into other asset classes such as foreign exchange. But according to a new…
Hedge Funds: Prime Villains?
Open Platform
Pulling Back the Curtain
Editor’s Letter
Streaming Quotes: Glint Eastward
Opinion
The Cold Hard Facts
Editor’s Letter
Front Office: Too Social?
Opinion
Why Hosting Makes Sense
As firms try to do more with less, the market is experiencing a shift in the way the investment management industry is solving data management problems, says Eagle Investment Systems' Joel Kornblum
The Great Race
In 1928, 199 runners participated in what the press of the day dubbed "The Bunion Derby," a 3,422.3-mile footrace between Los Angeles and New York. The race began on March 4, 1928 with only 55 runners crossing the finish line by May 26, 1928. The winner…
You Can't Always Get What You Want
... But you can get pretty close. And indexes are one way that investors can gain access to markets or sectors that they may not usually have exposure to. Some have questioned the meaningfulness of indexes as an indicator of the markets as the Dow Jones…
Editor's Letter - Risk is all around
The rate of change across the buy side - when inertia is finally overcome and change takes place - is often swift. The buy-side approach to risk is a case in point. It wasn't long ago that risk was a bit of a giggle for many buy-side firms, which, during…
VaR comes in for criticism
The credit crisis has uncovered the weaknesses of many risk management models and risk mitigation approaches. The rating agencies' reputations have also come under the spotlight as their reputations and reliability have been called into question. Value…
It all comes down to data
If there is one thing you would have thought financial firms would have grasped by now, it's that having a centralised source of data - a golden copy if you will - is a good idea. By Emily Fraser . How many times have we heard Mike Atkin of the EDM…