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The Trading Mesh

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"There Can Be No Great Accomplishment Without Risk"

September 3, 2015 by Celoxica   Comments (0)           

By Antoine Rescourio
Within the last few years, firms operating in the equities and exchange-traded derivatives (ETD) markets have placed an increasing amount of focus on the area of pre-trade risk. Rules such as SEC 15c3-5, the ‘Market Access Rule’ introduced into the US securities markets in 2010, and the ESMA Guidelines released in Europe the following year, have led the way in requiring firms to run ‘in-line’ checks and controls around their...

Why The OTC Markets Need a New Approach to Software Development

August 25, 2015 by Klas Ekwall   Comments (0)           

As regulatory initiatives around the world drive today’s Over-the Counter (OTC) markets towards an ever more connected, more electronic trading model, firms operating in the space are having to rapidly adapt and evolve.
One of the net results of this evolution is that fundamental shifts are now taking place in how technology is utilised, requiring new approaches to software development.
As a specialist provider of OTC trading solutions, Baymarkets identified very quickly...

Sentiment Analysis: Where Next?

August 18, 2015 by Software AG   Comments (0)           

By Nigel Farmer
In follow up to my recent blog post about market abuse and banking culture, it’s worth noting that the new Senior Managers Regime (SMR), designed to improve individual accountability in the banking and finance sector, has now come into force in the UK. According to the Bank of England’s Prudential Reporting Authority, the SMR “is aimed at supporting a change in culture at all levels in firms through a clear identification and allocation of...

SubMicroTrading Open Source Ultra Low Latency Trading Framework

August 17, 2015 by Richard Rose   Comments (0)           

SubMicroTrading is a new open source component based trading framework.  It has been designed from the ground up with core principles focused on minimal latency and maximum throughput. SubMicroTrading contains various components including:

Fix engine 
Order Management System (OMS)
Market data handlers
Book management
Exchange trading adapters
Basic exchange simulator
Highly concurrent exchange agnostic strategy container

SubMicroTrading  is a...

Going mobile: The art of app testing in a fast-changing world

August 14, 2015 by The Test People   Comments (0)           

On 30th July 2015, The Realization Group, together with The Test People, hosted a round table on the challenges of testing mobile app development. Companies are ramping up mobile app investments as customers look to take advantage of big leaps in technology. But mobiles are a different proposition from desktops. Companies that fail to grasp all the issues involved could end up making costly mistakes.
Mike O’Hara of The Realization Group facilitated a...

Are your mobile apps up to the test?

August 14, 2015 by The Trading Mesh   Comments (0)           

In this article, Mike O’Hara of The Realization Group asks Ash Gawthorp of The Test People, KPMG’s Daryl Elfield and smartTrade’s David Vincent to assess the testing challenges facing firms looking to deliver banking and financial services via mobile apps.
Writing and additional research by Chris Hall, Associate Editor, The Realization Group.

Your smartphone has more computing power than the combined super-computers used by NASA to...

Predictive Analytics: Fighting Financial Services Fraud

August 10, 2015 by Software AG   Comments (0)           

By Nigel Farmer
By combining trade and data monitoring with human surveillance and predictive models, financial services firms can anticipate and prevent fraud, errors and other market-moving events. 
When major financial markets fraud happens it sends a shiver through the industry. The world’s financial services industry is huge, estimated to comprise anywhere from 12% to 19.5% of the total global economy. So when something big does occur, be it a stock market crash...

Using the GMEX IRS CMF to Hedge a Bond Position

August 7, 2015 by Global Markets Exchange Group   Comments (0)           

By VJ Angelo, Chief Strategy Officer of GMEX ExchangeThis article was originally published at The OTC Space and is reproduced here with permission   
With the launch of the GMEX Interest Rate Swap Constant Maturity Future (IRS CMF) on GMEX Exchange as of 7thAugust 2015, this article provides an example of how the contract can be used by an asset manager to hedge a physical bond position.
This is the first in a series of articles providing a range of worked examples of...

Round Table Report – Is FIX Moving to the Cloud?

August 7, 2015 by FIX Flyer   Comments (0)           

Discussion hosted by The Realization Group, led by FIX Flyer, Digital Realty and Bridline, 17th June 2015
Why do firms continue to do things in complicated and expensive ways, when there are easier, cheaper and possibly more prudent approaches they can take? They must have some very good reasons. Otherwise they’d have be doing things differently by now, wouldn’t they? 
There are undoubtedly some good reasons why buy-side and sell-side firms are still...

Unbundling versus Best Ex

August 7, 2015 by Fidessa   Comments (0)           

This article was originally published at the Fidessa blog, and is reproduced here with permission. By Steve Grob

So, the September date looms for ESMA’s final clarification on unbundling. What seems evident is that payment for research with trading commissions is definitely going to be out. What seems less clear, though, is what can still be bundled into the definition of ‘execution’ and therefore still be paid for in commission dollars....