Waters

Front-Office Data Focus Spurs IBOR Push

Data management and aggregation are perennial challenges for all market participants. But for buy-side firms, elements of these disciplines have crystallized into an Investment Book of Record—an overview combining position-level data, cash flows,…

Anthony Malakian: The Nature of Privacy

Open debate has been stifled in recent years due to the prevalence of off-the-record conversations, even at conferences. Anthony says this hurts everyone, as accountability and dissemination of ideas are necessary for a thriving industry.

James Rundle: That Golden Touch

The data jungle of modern trading may be confusing, says James, but the UK’s Financial Services Authority is certainly going out with a bang after slamming a complex market manipulation scheme, mirroring wider efforts among national cops to become tech…

March 2013: It Takes a Thief to Catch a Thief

Recent moves by regulators to detect market abuse—including the SEC enlisting an HFT prop trading firm to build a monitoring system—are commendable. Victor argues they should go further and bring in people who have run afoul of regulations at some point…

New 'Agora' Enables Shift in Quants' Roles

Flush with financial engineering knowledge as never before, firms are deploying quants to tackle new challenges. Tim Bourgaize Murray reports on a fresh discourse among them about technology—including communication, memory, and intuition—indicating a new…

Optimize: The How and Who

Collateral optimization is a reality for a few institutions, an attainable goal for a few others, and a pipe dream for the rest. In the second part of his feature on optimization, Jake Thomases checks in on who is optimizing and who isn’t, and on what an…

Pulp Fiction: The Case for Dematerialization

Starting around the mid-1980s, securities depositories and the financial services industry as a whole began to move toward a process of converting paper stock certificates to electronic formats. Reasons of market efficiency and risk reduction are cited…

James Rundle: Doubling Up and Doubling Down

As the introduction of SEFs inches closer, some question whether there is even a need for them, given their correlations with designated contract markets. Whatever the future looks like, James says, continuing investment in technology on the sell side…

Anthony Malakian: FIXating on Cost

As the broker community continues to struggle with the rising costs of managing FIX connections, third-party providers are trying to penetrate that market. Anthony says the buy side will have a significant say in the outcome of this conversation.

Michael Shashoua: Muddying Capital Adequacy

Delays and changes to the Basel III rules, including lower minimums for liquidity, are revealing gaps in what was once seemingly watertight regulation. Michael says the architects of the rules are losing the benefit of the doubt.

No Easy FIX: Brokers Eye Outsourcing FIX Connections

FIX costs have long been a thorn in the side of more than a few brokers. While many still insist on managing their FIX connectivity internally, others have chosen to outsource this service to third-party providers. The question remains: Is the benefit…

Head in the Clouds: Impax COO Darren Johnson

After cutting his teeth at a variety of high-stress jobs in the City of London, Darren Johnson finally struck a balance between hard work and tranquility. Now as COO of Impax Asset Management, he sees the future in the cloud. By Steve Dew-Jones with…

The UX Factor: Visual Design Meets Finance

Financial applications once eschewed Marshall McLuhan’s famous argument—that the “medium is the massage”—by prioritizing function and cost over the beauty of the interface. No longer, experts say. Tim Bourgaize Murray reports on a design revolution that…

Optimize: The Whens and the Whys

Collateral optimization systems are coming into vogue as a means of handling some of the obligations of Dodd–Frank and EMIR. In part one of a two-part feature, Jake Thomases examines exactly what about the current market is prompting the adoption, and…

Art and Science: Credit Valuation Challenge II

Although the technical requirements for calculating credit valuation adjustment can be significant, other factors also need to be considered in order for an efficient counterparty risk management operation to be established. The second part of this…

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here