Trading Tech
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…
Three Technologists Talk About Justifying ROI
When making a case for the return on investment (ROI) of an IT project, BMO Capital Markets’ head of operations and project delivery doesn’t get too deep. Quantifying ROI is very difficult, argues Naveen Balakrishnan, because the measurables evolve too…
Torstone Adds OTC Derivatives Reporting Module to Inferno
Torstone Technology, a London-based provider of derivatives processing software, has released a new Inferno module that consolidates over-the-counter (OTC) derivative trades from multiple front office systems and feeds them into global trade repositories…
Risk Management Budgets to Fall by 2014
Sell-side institutions are likely to spend 25 percent less on risk management by 2014, according to a recent survey by Risk Nation.
DTCC Buys Thomson Reuters' Omgeo Stake
The Depository Trust & Clearing Corporation (DTCC) will take full ownership in the post-trade and settlement platform provider. Thomson Reuters and DTCC had held equal 50 percent shares in Omgeo since its founding in 2001.
Thomson Reuters and CQG Partner on Futures Order Routing
Thomson Reuters has expanded access to liquidity across its order routing network by adding additional connections to US futures markets through an agreement with CQG’s direct market access (DMA) platform.
SimCorp, AcadiaSoft Partner on Margin Calls
The investment management solutions provider will use AcadiaSoft's MarginSphere instant messaging service, which provides automation of dispute-based processing for collateral issues and exceptions.
Chile's Comder Taps Calypso for CCP
The South American central clearinghouse, created by a consortium of Chilean banks, will use the software provider for its core central clearing (CCP) infrastructure.
Meeting Transaction Tax 'What-Ifs' Demands Platform Flexibility
Financial transaction taxes (FTTs) may jive with political anxiety over the markets, but legislating them isn't so straightforward. Likewise, add-on solutions required to cope with the new levies must go well beyond a conventional fee calculator.
IRD's Editor on ISO 20022 and LEI Developments
Support for the ISO 20022 messaging standard could be wavering in the industry. In contrast, a maneuver by the US Office of Financial Research could improve the LEI's prospects
GFI Files to be a SEF
GFI Group, a New York-based broker and technology vendor, has filed an application with the US Commodity Futures Trading Commission (CFTC) to become a multi-asset swap execution facility (SEF).
LEI Up, ISO 20022 Down
If identifier and messaging standards were stocks, adoption of the legal entity identifier would be rallying, while the ISO 20022 messaging standard dropped. Support for adoption of ISO 20022 for corporate actions messaging is not appearing as strong as…
The World is at War (Online)
Dealing with the increasing threat from cyberspace.