Waters
The Risk FIX: Technologists Eye FPL Risk Guidelines
In June, FIX Protocol Ltd. released a new batch of risk-control guidelines for futures and options contracts executed via algorithms and direct market access, notably setting out a framework for pre-order acceptance checks. Tim Bourgaize Murray finds…
Dark Pools Rising
Off-book trading remains a fundamental part of the trading landscape, despite the best efforts of regulators to force dark trades into the open. By Steve Dew-Jones
James Rundle: Aussie Rules
The Australian financial regulator has become the latest to weigh in on high-frequency and automated trading, publishing its own set of proposals. Along with various other agencies, market events, and near-misses with certain brokers, James Rundle argues…
Anthony Malakian: Mobile Technology’s Perils and Possibilities
As the technology around mobile devices improves, Anthony finds that buy-side firms are still struggling with how to best tap into this new technology, or whether they should wait until the kinks have been better ironed out.
Max Bowie: Stemming the Tech Gold Rush
New York City mayor Mike Bloomberg wants to attract technologists to New York by creating facilities to rival Silicon Valley. But, says Max, New York will have to compete on multiple levels that have traditionally given the West Coast an edge.
Team Player: JPM WSS CIO Richard Anfang on Going Agile, Sharing Tech Across the Business
Managing technology at a company the size of JPMorgan is no small task. But by leveraging the collective power of the firm, and adapting to a fast-paced environment, Worldwide Securities Services CIO Richard Anfang is ensuring that the business is…
Risk on the Move: Campbell Targets Data Volumes, Risk
As data volumes have exploded in recent years, systematic commodity trading advisor Campbell & Co. decided it needed a better way to store, distribute and visualize its data, so it turned to OneMarketData and Panopticon for the solution. By Anthony…
Going for Gold: Tech Answers Demand for Physical Holdings
The world’s oldest asset has enjoyed renewed popularity, with prices hitting contemporary highs. But wealth managers are beginning to demand more than ETP shares—investors and institutions want the real deal. As Tim Bourgaize Murray explains, technology…
September 2012: Sanity Prevails
As Knight teetered on the brink of collapse, Victor says the lessons from the financial crisis guided the response.
Michael Shashoua: Global LEI Nuances
The work of regulators concerning the legal entity identifier standard is becoming more mismatched with the changed definition of what will be completed in March. This development makes possible a significant gap in progress on the LEI between the US and…
SaaS vs. IaaS: Do the Evolution
Some consider software-as-a-service not a mere alternative to infrastructure-as-a-service, but an evolutionary outgrowth of it. As SaaS adoption grows, firms want to make sure they can still stand out from all the other users of utility services. By Jake…
Crowded House: Too Many FX Electronic Platforms?
Given the number of releases within the foreign exchange market of late, it’s fair to say that the most liquid asset class is experiencing a technological revolution. Is there an over-saturation of platforms, however, and what level of sophistication is…
What's Cooking For September's Waters
Jake Thomases and Tim Bourgaize Murray give a sneak peak at the stories they're working on for the September issue of Waters.
Open Platform: A Risk-Intelligent Bank?
In a period of heightened regulation resulting from the financial crisis, banks are facing more intense scrutiny than ever. History dictates that regulators will always be behind the curve, taking a reactive approach to risk management. With this in mind…
Are You Ready for 'Bigger' Data?
Banks’ legacy systems are struggling to cope with the ever-increasing volumes and speed of data. Steve Dew-Jones highlights some of the major considerations for the financial services industry if it is to catch up with other sectors.
Twitter: Alpha Generator?
Social media has revolutionized the way people communicate, personally and professionally. But can financial services institutions use the information shared through internet phenomena such as Twitter and Facebook to generate alpha? By Steve Dew-Jones
Eris Exchange Seeks to Futurize, Standardize, Capitalize
Eris, the Greek goddess of discord, inadvertently started the Trojan War by pitting the gods against each other. Neal Brady doesn’t want a war, or even discord. He wants Eris Exchange to grow through the unity of standardized contracts. An innovative…
The Center Ground: CCPs Could Shift—Not Eliminate—Systemic Risk
On July 4, 2012, the Council of the European Union adopted a regulation that will see standardized derivatives contracts in Europe cleared through central counterparties. Designed to reduce systemic risk in the over-the-counter derivatives markets, how…
60 Seconds with ...
Chip Register, senior vice president and managing director, Sapient Global Markets