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The Trading Mesh

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The turret is dead – long live the turret!

October 24, 2016 by Gavin Davies   Comments (0)           

The financial industry, like almost every other industry sector is feeling the disruptive impact of digital technology. Lately, there has been much discussion around whether dealer board turrets are becoming redundant, due to an increased usage of desktop applications. While modern traders may prefer the use of instant messaging apps for tasks such as information gathering and discussing trading ideas, the majority of actuals trades by value, are still concluded via voice.
Having said that,...

Preventing Information Leakage in Broker Order Flow

October 19, 2016 by Dr Paul Lynch   Comments (0)           

This article originally appeared on the itarle blog and is reproduced here with permission
By Dr Paul Lynch, CEO & Founder, itarle AG
The concept of Best Execution was one of the founding principles of the original MiFID and will also be central to MiFID II, as it rightly should be. Executing brokers should always be acting in the best interests of their clients.
But in the fragmented landscapes of today’s electronic markets, there is a common...

A Qualitative Approach to Best Execution

October 19, 2016 by The Realization Group   Comments (0)           

Buy-side firms are increasingly focused on finding qualitative ways of vetting their trading counterparties, with the advent of a new electronic order handling questionnaire marking a milestone in that journey. In this article, Mike O’Hara and Joel Clark of The Realization Group hear from Allan Goldstein of Trade Informatics, Paul Collins of Franklin Templeton Investments, Natan Tiefenbrun of Bank of America Merrill Lynch, Ross Barrett of the Investment Association and Mark Northwood of...

Market Abuse - Ten Suggestions from an Ex-Regulator

October 17, 2016 by Bips Global   Comments (0)           

This blog was originally published at the Bips Global website and is reproduced here with permission
By Lene Hansen
1. Do Something (now)
It is unlikely that a perfect description of regulatory requirements relating to Market
Abuse will arrive on the table in the near future so a 'best efforts' approach is
suggested. It is better to be found to have done something (preferably sensible) rather
than nothing. It is also worth remembering that all implementations take...

Capital Markets Firms Embrace Cloud Transformation

October 17, 2016 by Software AG   Comments (0)           

By Nigel Farmer
Cloud adoption in capital markets is gathering momentum, led by the increasing acceptance of the cloud by regulators as well as cost cutting at financial services organizations. 
Indeed, regulators themselves are some of the enthusiastic adopters. Earlier this year the UK Financial Conduct Authority (FCA) decided to host its MiFID II transaction reporting system in the cloud and then, in July, published new guidance on cloud adoption.


How Federated Data Lakes Transform Big Data into Business Insight

October 3, 2016 by Matthew Lempriere   Comments (0)           

Firms operating in financial markets today face increasing challenges around the growth of ‘big data’. With the ability to collect, record, store and retrieve more data than ever before, how do firms make sense of it all in a way that provides useful and useable business insight? 
The big data challenge Whether a firm wants to understand its customers’ needs better by examining interactions across multiple channels, or to satisfy regulatory demands by locating all data...

Under surveillance: Getting to grips with the new Market Abuse Regulation

September 30, 2016 by The Realization Group   Comments (0)           

In this article, Mike O’Hara and Adam Cox of The Realization Group look at how prepared financial firms are for reporting requirements under new Market Abuse Regulation (MAR). Many firms that previously did not need to worry about market abuse – at least from a regulatory compliance perspective – now must put in place systems that will enable them to report to their local watchdogs any suspicious activity in near-real time. The regulation throws up a host of issues, from broad...

The Turret is Dead – Long Live the Turret!

September 29, 2016 by enepath   Comments (0)           

By Gavin Davis, CEO, enepath

There has been much discussion lately around whether dealer board turrets are becoming redundant, due to a changing workforce increasingly using desktop applications.  But while modern traders may like to use PC-based apps such as instant messaging (IM) and chat for tasks such as information gathering and discussing trading ideas, the majority of actual trades, by value, are still concluded via voice and the hype around software-only voice solutions as the...

How to Manage Your IT Spaghetti

September 29, 2016 by Software AG   Comments (0)           

By Nigel Farmer
Achieving digital transformation becomes more complicated in large banks which are siloed in nature, have evolved and grown through acquisitions and have many legacy systems – or IT spaghetti.
Maintenance of these IT systems consumes resources and budgets that can impede a firm’s ability to innovate, slowing down business transformation. So getting an accurate picture of your as-is spaghetti, or current architecture and business processes, is a...

Transforming Regulatory Compliance with Artificial Intelligence

September 19, 2016 by AQMetrics   Comments (0)           

By Geraldine Gibson, CEO, AQMetrics

Artificial Intelligence (AI), long the subject of science fiction, is now becoming more and more widespread and is seen as an increasingly important computer science across multiple industries. In Financial Services in particular, Machine Learning and Natural Language Processing is increasingly used today to make sense of big, complex data in a wide range of areas.
One such area is regulatory compliance. The use of AI – particularly Natural Language...