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The Trading Mesh

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Tackling the hot topics: FIX Nordic Trading Briefing 2017

October 23, 2017 by Peter Fredriksson   Comments (0)           

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...

Dublin MiFID II Meetup: Time to Prepare and Prioritise

October 17, 2017 by AQMetrics   Comments (0)           

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...

Build a Smarter Middle Office

October 12, 2017 by Simon Vincent   Comments (0)           

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...

Navigating Systematic Internalisation

September 22, 2017 by Ollie Cadman   Comments (0)           

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...

Too much choice in fixed income trading?

September 18, 2017 by Brian Cassin   Comments (0)           

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...

MiFIDII ARMs and Systemic Risk: Time for the Penny to Drop

September 13, 2017 by AQMetrics   Comments (0)           

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...

Iceland’s globally unique green credentials

September 13, 2017 by Stef Weegels   Comments (0)           

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...

Raising the Bar: Responding to the RegTech data management challenge

September 11, 2017 by The Realization Group   Comments (0)           

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...

For trading infrastructure, the buy-build question increasingly favours buy

September 11, 2017 by The Realization Group   Comments (0)           

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,...

Smarter Operations: Why Middle Office needs to become the New Front Office

September 11, 2017 by The Realization Group   Comments (0)           

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...