Remember me

Register  |   Lost password?

The Trading Mesh

All site blogs

Addressing the Challenges of Post-G20 Interest Rate Hedging

March 24, 2014 by The Trading Mesh   Comments (0)           

In this article, Mike O’Hara – in conversation with Hirander Misra, Andrew Chart and Philip Simons - looks at how the new Constant Maturity Swap future from GMEX aims to help firms continue to hedge their interest rate exposures cost effectively in the post-G20 landscape.
 
Introduction
 
The reforms instigated by the G20 in the wake of the Global Financial Crisis have resulted in a number of structural changes to the world’s interest rate derivatives...

Transforming Quantitative Trading Applications With Persistent Flash Memory

March 20, 2014 by The Trading Mesh   Comments (0)           

In this article, Mike O’Hara looks at how the implementation of persistent flash memory is having a transformative effect on application performance at quantitative hedge funds, particularly where large amounts of data are analysed.
  
In the last fifteen years or so, the financial markets have seen a massive growth in the number of quantitative and systematic hedge funds, investment firms whose trading decisions are made solely on the basis of computational...

Taking on Systemic Risk with Automated Testing

March 18, 2014 by Jacob Northey   Comments (0)           

Systemic risk has become a very real threat to our global financial system given our reliance on a web of complex systems and relationships for managing trades. Playing into this issue is that brokers and exchanges often find it hard to predict how their systems will handle erroneous or unexpected requests from their counterparties. This is often because the current practices used by sell-sides to test new functionality prior to release are insufficient.
Many times these firms are in a rush to...

The Reactive Manifesto in Financial Markets – Trend or Fad?

March 14, 2014 by The Trading Mesh   Comments (0)           

In this article, Mike O’Hara, in conversation with Jonas Bonér, Greg Young, Martin Thompson and Jan Macháček – investigates the core principles behind the recently published The Reactive Manifesto, and its relevance to system design in today’s Financial Markets.
 

Anyone who has been closely involved in designing and building high-performance trading applications within the last ten years or so, will no doubt be familiar with the principles of...

The Twilight Zone

February 6, 2014 by Fidessa   Comments (0)           

This article was originally published at the Fidessa blog, and is reproduced here with permission. By Steve Grob
I came across the term ‘Twilight Pool’ for the first time this week. The basic idea is that it is essentially a dark pool that lights up certain pieces of information, or at certain times, in order to provide users with some idea of what is or isn’t lurking there. The advantage is that it enables participants to see if the type of liquidity...

Speed Dating by Candlelight – The Growth of Twilight Pools

January 30, 2014 by Peter Fredriksson   Comments (0)           

 By Peter Fredriksson, Baymarkets   
With today’s fragmented markets, firms are faced with an increasingly wide choice of trading venues on which they can execute their business. The majority of these fall into one of two categories; either lit markets or so-called dark pools of liquidity. However, there is a third way. An increasing number of market operators are now starting to adopt a “twilight pool” approach, where the level of opacity is controlled to...

The Watchman’s Rattle – financial regulation in 2014

January 23, 2014 by Fidessa   Comments (0)           

This article was originally published at the Fidessa blog, and is reproduced here with permission. By Steve Grob
In her excellent book, ‘The Watchman’s Rattle’, Rebecca Costa explains the tendency to substitute belief for science when problems become too complicated. The first sign of this is a cognitive threshold, or gridlock, where problems are just passed down from one generation to another with an increasing emphasis on treating short-term symptoms rather...

Why is it News when a woman become CEO?

January 20, 2014 by Trisha Gee   Comments (0)           

I'm pleased to see that GM has hired the "best person for the job" as their new CEO - that does seem like a good idea.  I'm happy her gender did not get in the way.  What makes me uncomfortable is the international news coverage of the decision of this large manufacturer to hire a woman as their CEO - if she were a man (and/or black/gay/disabled) would the headline read "The camera loves her. So do employees."?But at the root of that is probably the thing I'm most unhappy about....

Reducing Costs and Speeding Revenue with Automated On-boarding

January 17, 2014 by Jacob Northey   Comments (0)           

Banks and exchanges are looking for effective ways to save time and money, while enhancing the quality of their business processes and client relationships. But often they get tied up in managing routine (yet essential) tasks that distract them from these goals.
Introducing automation into routine activities such as client on-boarding and certification testing may help firms get back more time and resources to devote to business growth. Not only can this approach help lower your operating...

Goodbye 2013, you were good to me...

January 2, 2014 by Trisha Gee   Comments (0)           

Well, if I thought 2012 was the fastest disappearing year on record, that record was smashed into the ground by 2013.  What a year!  And because I didn't manage to write this on time to publish elsewhere, I can do a more personal reflection of the year here on my very own blog.Apparently, reading over last year's article, I had goals for 2013:Get more involved in schools/mentoring. Yeah... That didn't happen. I don't think I even made a single Meet a Mentor event this year, which is...