Waters
Michael Shashoua: Solving For LEI
Those with vested interests in how the legal entity identifier implementation is carried out appear to be holding their ground, complicating the path to functionality. Michael channels a growing and raging online debate.
Max Bowie: Fighting Fragmentation: The Rising Cost of Connecting the Dots
Regulator-led trading market structure changes also require regulator-mandated changes to data consolidation. But without that—or at least, universal support from participants—Max wonders whether such initiatives are doomed to being expensive headaches…
High Stakes: An Examination of Risk Management on the Buy Side (Part 1)
In part one of his two-part feature, Anthony Malakian examines the state of risk management at the portfolio/trade-book level among buy-side firms. Part two will look at the middle- and back-office functions of risk across the buy side.
Players on Loan: Data Governance, Settlement Automation Nearer as CLOs Reemerge
Leveraged loans are touted as an alternative to uneven bond yields, while collateralized loan obligations are scratching at pre-crisis levels. Yet despite years of collective pushes toward straight-through processing, loan products remain the “last…
Regulators Take Aim at Market Malfeasance with Industry-Supplied Surveillance System
The SEC has shown global regulators the way with its adoption of Tradeworx’s Midas market data feed and plans for software testing and a consolidated audit trail. But is it too little, too late? By Steve Dew-Jones
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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,…
Algorithmic Trading special report
March 2013 - sponsored by: Azul Systems, OneMarketData
Lord's Tech as Savior: Michael Radziemski's Tech Vision Helps Lord Abbett Weather Hurricane Sandy
Michael Radziemski has spent the last decade helping to make Lord Abbett & Co.’s IT more mobile and scalable in order to drive the asset manager’s aggressive growth strategy. That strategy proved particularly valuable after Hurricane Sandy battered the…
Michael Shashoua: Identification, Linkage and Risk
Efforts to get comprehensive views of reference data, driven by risk management needs and mandates, are taking different shapes. Michael classifies these into the straightforward and the more subtle.
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…
Max Bowie: Thinking About Retail? Think Hard About Your Brand
With professional-grade services being targeted at investors and those that serve them, Max says the brand names of companies pitching sophisticated technology and data solutions—along with structural reform—will be more important than ever.
Nomura Research Institute: 60 Seconds with Shin Kusunoki
Shin Kusunoki, corporate senior vice president and financial and asset management systems division manager, Nomura Research Institute (NRI)
Outsourcing: In Search of Secret Sauce
Sell-side institutions continue to find value in outsourcing services, especially within the back office, but there is much room for improvement. By Steve Dew-Jones
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…
February 2013: All the Gear But No Idea
Recalling the frustration of the pre-USB days filled with floppy disks and drivers, Victor is glad that finally, the user experience is becoming more and more important.
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.
Max Bowie: The Future Isn’t Analytics or Latency, It’s ‘Analatencytics’
After years of focusing on reducing latency, firms are placing greater emphasis on reducing costs, Max says, meaning that latency projects must now be tackled as part of broader initiatives and deliver more than just raw speed.