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The Trading Mesh

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Peter Fredriksson wrote a new blog post titled Tackling the hot topics: FIX Nordic Trading Briefing 2017
Last month saw the return of the FIX Trading Community’s Nordic Trading Briefing to Sweden, the largest FIX event in the Nordics and now firmly established as a key date on the industry’s calendar. This year’s line-up also attracted record attendance – which I believe was in no small part due to the keynote speaker Klas Granlund, Director of the Market Analysis department, Finansinspektionen. For many, the pull was of course to understand first-hand about how preparations are going ahead of the MiFID II implementation date, which is now less than three months...
an hour ago,(09:13)
AQMetrics wrote a new blog post titled Dublin MiFID II Meetup: Time to Prepare and Prioritise
AQMetrics hosted its latest Dublin MiFID II meetup last week, just as the countdown to implementation has turned to the number of weeks and days remaining – rather than months. Co-hosted with Brown Brothers Harriman, the event brought the Dublin MiFID II community together to discuss how best to prepare for the changes being ushered in under the new rules. The timing of  the Dublin meetup was  significant,  following on from the Central Bank of Ireland’s review on suitability requirements. As a result, the regulator has urged firms to assess their...
6 days ago,(2017/10/17)
Simon Vincent wrote a new blog post titled Build a Smarter Middle Office
Few could argue with the notion that having a smarter middle office – where more is automated, the cost of trading goes down, exceptions are dealt with more swiftly and efficiently, and customer service is improved – would be a good thing. So, on 4th September 2017, The Realization Group, together with Software AG, hosted a round table on how firms can start to build a better middle office. Making the business case for middle office projects has not always been easy, not least because the cost of trade information and other business case data may reside on multiple systems, or...
11 days ago,(2017/10/12)
Ollie Cadman wrote a new blog post titled Navigating Systematic Internalisation
Liquidity in Europe is to be rerouted under MiFID II, as the business model of broker crossing networks (BCNs) is being overhauled and more OTC equity volume is being brought under pre-trade transparency rules due to the revised Systematic Internaliser (SI) regime. Tracking liquidity in the transformed landscape will be challenging; firms will need to consider how well their existing market access and order-routing options can continue to provide access and meet best execution obligations in what is expected to be a more fragmented market place after 3 January 2018. At present BCNs represent...
31 days ago,(2017/09/22)
Brian Cassin wrote a new blog post titled Too much choice in fixed income trading?
Navigating price discovery and execution on the fixed income markets is time consuming and costly. Many platforms and venues have launched over the last few years in an attempt to make trading easier. Now there are so many that the market has become more complicated. Unless investment firms can connect to platforms and liquidity easily, they are faced with too much choice. There is a high level of risk – and potentially cost – attached to any connection, and firms need transparency before these trading choices can really become advantageous. What sits behind these changes is a...
35 days ago,(2017/09/18)
AQMetrics wrote a new blog post titled MiFIDII ARMs and Systemic Risk: Time for the Penny to Drop
By Breige Tinnelly, Head of UK Sales, AQMetrics The UK’s Financial Conduct Authority (FCA) is urging firms to make their final decisions about their choice of Approved Reporting Mechanism (ARM) providers soon and with very good reason. The new regulatory reporting requirements, which mandate reporting across a wide range of asset classes, impact this coming January with the implementation of MiFID II. For financial service firms opting to go with an ARM for their reporting requirements under MiFID II, choosing which vendor to partner with should be a top priority. So what are the...
40 days ago,(2017/09/13)
Stef Weegels wrote a new blog post titled Iceland’s globally unique green credentials
In the final blog of my series on Iceland’s status as a hosting location of choice, I look at Iceland’s unrivalled 100% green energy profile, the regulatory demand for greater corporate social responsibility and how even environmental factors can help reduce costs for firms.When evaluating a location’s key benefits as a strategic data center, its green profile may not seem to be the most obvious point of consideration. However, not only is an ability to demonstrate corporate social responsibility in terms of energy usage now firmly on the regulatory radar, but the business...
40 days ago,(2017/09/13)
AQMetrics uploaded a media item titled ISO 27001 40 days ago,(2017/09/13)
The Realization Group wrote a new blog post titled Raising the Bar: Responding to the RegTech data management challenge
Banks and brokers might feel they are being pushed and pulled in different directions by multiple post-crisis regulatory reforms, but a common requirement across the new rules is for more detailed and timely data of known quality and provenance. To meet regulators’ expectations, banks must store, access, and process data on a scale never previously anticipated. As such, their technology executives are re-examining their operating infrastructures to ensure they have the storage and compute capabilities to operate effectively in the new, but still emerging, environment, looking not only...
42 days ago,(2017/09/11)
The Realization Group wrote a new blog post titled For trading infrastructure, the buy-build question increasingly favours buy
In this article, Mike O’Hara and Adam Cox of The Realization Group look at the trend of financial firms – on both the sell side and the buy side – outsourcing their trading infrastructure to specialist providers at co-located data centres. The prospect of outsourcing such a vital part of a trading firm’s operations has enormous implications, from cost to performance to business models. Mike and Adam hear from Stéphane Tyč, Co-founder of McKay Brothers, Ken Barnes, Senior Vice President of Options Technology and Bill Fenick, Strategy and Marketing Director at...
42 days ago,(2017/09/11)
The Realization Group wrote a new blog post titled Smarter Operations: Why Middle Office needs to become the New Front Office
In this article, Mike O’Hara and Adam Cox of The Realization Group look at the future of middle-office systems for banks and trading firms. Many of these companies are now relying on hodgepodge solutions, systems that essentially rest upon legacy technology and have been in need of modernisation for years. It’s hardly an optimum state of affairs and the impact can be enormous. To give a simple example: If a firm needs to overcompensate because its overnight collateral calculations may be ever so slightly off, it can result in millions of dollars’ worth of extra collateral...
42 days ago,(2017/09/11)
Peter Fredriksson wrote a new blog post titled Looking Ahead to FIX’s Nordic Trading Briefing
FIX Trading Community’s Nordic Trading Briefing will soon be returning to Sweden for its eighth year, with an innovative line-up of the key topics of relevance to this region’s financial services professionals. As such, I am delighted to be joining them for the day and am looking forward to serving alongside Morten Lindeman, CTO of Infront, as we will be co-chairing the event together this year. I am also particularly looking forward to hearing this year’s keynote address, which will be given by Klas Granlund, Director of the Market Analysis department,...
48 days ago,(2017/09/05)
Stef Weegels wrote a new blog post titled Safe, Secure and Certain: Why Iceland’s Regulatory Regime Excels
Written by Stef Weegels - Verne Global's Director of Sales and heads up the company's work within Financial Services and Capital Markets. In the fifth part of my series on the benefits of Iceland as a strategic data center hub, I examine Iceland’s regulatory status, the strength of its data protection laws and why Brexit uncertainty is further boosting the country’s status as an alternative to London.For modern financial services firms today, being fully compliant with global rules is a vital consideration when choosing a data center location. As a member of the European Economic...
60 days ago,(2017/08/24)
Stef Weegels wrote a new blog post titled How are you responding to today’s data management challenges?
By Stef Weegels, Verne Global Regulatory change is driving a fundamental shift in how banks and brokers organise their data management processes and supporting infrastructures. The writing has been on the wall for pure-play, in-house approaches for some time, but now the demands of the post-crisis regulatory framework make the evidence in favour of hybrid strategies impossible to ignore. In the aftermath of a new risk reporting and aggregation framework under BCBS 239, stress tests set by central banks, and the capital and liquidity restraints of Basel III, banks and brokers face further...
61 days ago,(2017/08/23)
Stef Weegels wrote a new blog post titled Iceland’s Unrivalled Low Risk Profile
In my fourth blogs on Iceland’s suitability as a strategic data center location, I look at some of the perceptions and myths about the country’s risk profile and identify how and why Iceland, in fact, tops the World Risk Index, with the lowest risk profile. When deciding on data center location, firms need to consider a range of criteria. Obvious ones include initial and on-going costs, connectivity, space and availability of managed service. Equally important are factors such as regulatory regime, social/political stability, local work environment and climate. The final...
68 days ago,(2017/08/16)
Simon Vincent wrote a new blog post titled To boost your bottom line, the key is to start in the middle
By Simon Vincent, Software AG Banks and other financial trading firms are under constant pressure to improve their bottom lines. The pressure often is felt most acutely in terms of a focus on operational efficiencies, which only stands to reason as technological progress offers firms the scope to do more with less. But where should those efficiencies come from and how should firms approach the matter? If we think in terms of front, middle and back office operations, a compelling case can be made for focusing on the middle. Too often firms see technology as a magic wand which, once waved,...
68 days ago,(2017/08/16)
The Realization Group wrote a new blog post titled Roundtable Report - FX Flows to the East
Future growth in foreign exchange is widely expected to come from Asia rather than traditional western hubs. Financial Institutions and infrastructure providers need to make sure they are ready. Magnetic fields cannot be seen by the human eye, but they create complex, powerful forces that can pull large materials together and push others apart with equal strength. Similar forces are at work in the foreign exchange market, where a range of factors appear to be drawing increased trading to eastern hubs such as Hong Kong, Singapore and Shanghai. Speaking at an executive discussion in London on...
73 days ago,(2017/08/11)
Certeco wrote a new blog post titled Roundtable Report - Software Testing in Financial Services - Is the Price of Success Paid in Advance?
It is well documented that banking technology is both aging and under increasing pressure to perform. At the heart of this pressure is the need for faster and more reliable technology and software.  To drive the deployment of up to date technologies and applications under tight timescales but without compromising quality, the banks are increasingly aware of the need to adopt a ‘shift left’ approach in the assurance and testing process.   On 13 July 2017 a roundtable of testing experts in financial services, organised by The Realization Group and change...
75 days ago,(2017/08/09)