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Front Office Trading Trends and Technologies...
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Ivy Schmerken Editorial Director at FlexTrade Systems
Algorithmic trading has picked up steam in the corporate bond market as fixed income trading desks appear to follow the playbook of equities. But skeptics contend this is unlikely, arguing that bonds are quite different and will undergo their own electronic transformation. One of the world’s largest fund managers has developed a pre-programmed sy...
18 March 2019 /ai
Retired Member
As someone who has implemented and managed a complex trading application, I was inspired write about my experiences of adopting AWS in a front-to-back trading system environment, and how this could be a potential game changer for those facing similar challenges. Back in December 2017 Murex announced its Mx.3 platform was available on AWS. This was...
15 March 2019
A FINRA working paper has raised concerns about broker order routing to affiliated alternative trading systems (ATSs), shedding light on order routing decisions and potential conflicts that can impact execution quality. The major finding is that institutional orders routed by brokers that send a relatively high percentage of institutional orders th...
27 February 2019 /regulation
Brian Collings CEO at Torstone Technology Ltd
The UK’s Financial Conduct Authority (FCA) saw a 187% increase in technology outages reported to it in the 12 months to October 2018. According to Megan Butler, executive director of supervision for Investment, Wholesale and Specialists at the FCA, 20% of those outages were “explicitly linked to weaknesses in change management.” Sell-side firms ne...
Lee Campbell CEO & Founder at Cube Logic
Why effective and innovative credit risk management is no longer an option... Unbalanced economic growth In the year following the 2008 financial crisis, economic activity declined in half of all countries in the world. Among the economies that experienced a banking crisis in 2007–08, about 85% are still operating at output levels below pre-crisis ...
01 February 2019
Today’s Technology Enigma In a world of consolidating vendors, shrinking profits and constrained budgets, there has never been a greater need to differentiate yourself using technology. The Buy-vs-Build argument has never produced a clear winner: – BUY and you are immediately limited, do you still have an edge? Will the technology juggernauts value...
29 January 2019
Darren Bishop Business Development Specialist at MDX Technology
I was very interested to read the recent announcement from a group of Wall Street heavyweights about the of launch MEMX, a new exchange designed to challenge the dominance of the New York Stock Exchange and Nasdaq. The stated intention of this industry collaboration, amongst other things, is to drive down the spiralling cost of data fees, the shar...
28 January 2019
Broker dealers and high-frequency trading firms have complained about U.S. stock exchanges charging high fees for direct data feeds, accusing the exchanges of having a monopoly and demanding transparency into their costs. Brokers and electronic market makers argue they are forced to buy the fastest and most detailed proprietary data feeds to compet...
22 January 2019
I always try to take a step back over the holidays and reflect on the prior 12 months. It is easy to forget how much can happen in a year. 2018 was no different, packed full of noteworthy headlines, and handful of notable firsts. France winning the World Cup, the Eagles winning their firstSuper Bowl, Apple becoming the World’s first trillion-dolla...
15 January 2019 /ai
Banks and investment firms have increased their consumption of alternative data sets, but there are still challenges around selecting the most relevant data for trading purposes, according to panelists at a recent industry fintech conference. In particular, the quality of time stamping and backtesting from third-party alternative data platforms is ...
18 December 2018
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