Community
A place to discuss MiFID
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Gary Wright Analyst at BISS Research
At last weeks EMXCo quarterly update Max Wright their CEO and mastermind leading the way in bringing STP into the investment funds announced the exciting news that they have the first firm using settlement messages. The packed audience of distributer's, brokers and fund managers almost purred with appreciation. This really is breaking new ground f...
19 November 2008 /retail /wholesale
The election of President Obama is a wonderful and historical event for the USA but also the world. The American dream is more real today than ever before. A Black President in the White House is a healing beacon of light across America that will start to bring social and cultural changes and a uniting force forever consigning racial divides to th...
12 November 2008 /retail
XML is not new but you would be forgiven for thinking it is, in the financial services industry. Now that ISO20022 is grabbing some attention there is an inevitable growing interest in XML. A few years ago the FSA in the UK started a project to move towards XBRL, one of the many derivatives that have been sporned from the origins of XML. The proje...
07 November 2008 /security /wholesale
We have recently heard from a number of respected analysts that after the financial crisis banks are likely to reconsider their off shoring/outsourcing contracts with the assumption that a number of services will be brought back in-house. Presumably this is so they can exert more control over their processes and be in a position to make any change...
06 November 2008 /retail
Tower Group is the latest research company to announce that there will be cuts in IT budgets for next year after the banking bailouts. Does this stand up to scrutiny as only a few short months ago most research firms were taking completely opposite stance, with some predicting significant increases. The credit crunch is hardly new news and one wou...
04 November 2008 /regulation
The DTCC buying LCH.Clearnet looks a no brainer deal for both companies with both increasing their business potential and both able to rationalise their cost structures. This is certainly the case at LCH.Clearnet where it has been common knowledge that they need to modify their systems. We will not know if the deal will be concluded for some month...
03 November 2008 /security
The announcement that BP's third quarter profits have exceeded £6billion has to be a worry for governments and just about everyone on the planet. In these times of economic worry and with the financial markets in turmoil such figures have to be embarrassment for the board of BP. In turn all the other oil companies are likely to show similar impres...
30 October 2008 /retail
We all thought we knew everything about risk and wow has that assumption been shot to pieces in the credit crunch. Virtually every bank in the world has spent an incalculable amount of money on their risk systems but when it came to the crunch they were proved to be almost worthless. It makes you wonder how could we have got this so wrong and how ...
29 October 2008 /retail
I was interested to see that Chi-X have announced good profits and this set me thinking about how they will fare in the next year, as all the other new trading venues come in. So far Chi-X has had it their own way so far but surely times will become tougher with greater competition. Virtually all MTFs offer broadly similar services and all tend to...
22 October 2008
Despite what hype there has been in the media and all the pundits jumping up and down shouting Eureka the SEPA project to date is just a damp squib. SIBOS this year had many vendors ringing their hands in frustration at the lack of SEPA system sales whilst others secretly patted themselves on the back as their smoke and mirrors system gathered dus...
17 October 2008
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