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The Trading Mesh

The Realization Group's Blog

Bridging the Gap: New Approaches to Creating a Culture of Innovation

May 24, 2018 Comments (0)           

In the last four years, investment banks have been significantly underspending on innovation. According to data compiled by the Boston Consulting Group (BCG)1, change-the-bank (CTB) spend is almost flat at a rate of around one percent and only a small proportion of that spend is on true innovation, with as much as 80% focused on legacy system upgrades.

At the same time, demand for cutting-edge technologies and agile systems has never been greater, with financial...

Systematic Internalisers – Data holds key to challenges and opportunities in MiFID II era

May 4, 2018 Comments (0)           

MiFID II broadens the scope of the systematic internaliser (SI) regime, not only to cover more asset classes, but also to apply more stringent rules, with the aim of improving pre-trade transparency and improving price efficiency and client executions. To examine the far-reaching consequences and practical implications for liquidity seekers and providers, against a backdrop of tougher Best Execution requirements, Chris Hall and Mike O’Hara of The Realization Group...

Taking the Leap into Asia and Cryptocurrencies: The Future for FX Trading?

April 9, 2018 Comments (0)           

As the world’s largest financial market, the ability to swiftly identify and capitalize on key trends in foreign exchange is crucial – which is why the BIS Triennial Central Bank Survey of global FX trading is one of the most significant datasets currently produced for the capital markets. The latest report, published in September 2016, underscored a particularly noteworthy shift for many participants in this space, namely the increase in market share for...

Alpha profiling, strategy toolkits, broker scorecards: The keys to best execution?

March 5, 2018 Comments (0)           

Various tools are emerging to help buy-side firms optimise their broker selection for best execution. Examples include algo wheels, broker scorecards and bracketing frameworks that allow for effective monitoring of broker performance on an ongoing basis. Joel Clark and Mike O’Hara of The Realization Group discuss the most effective use cases for alpha profiling and the challenges that may be associated with such an approach. They talk to Dan Royal of Janus...

Q&A with Allan Goldstein, Trade Informatics

February 2, 2018 Comments (0)           

Harrington Starr announced Definitive List of the 100 Most Influential FinTech Companies 2018 at the FinTech Influencers event in London.
Allan Goldstein, CFO, COO and CCO at Trade Informatics explains why
Why was the company set up? How did you select the vertical and decide to be a part of the global FinTech community?
We set up Trade Informatics in 2009, prior to the global FinTech surge, to extend on our experiences in institutional equity trading. At this time the industry was largely...

Beating repetitive strain: Value-added services in post-trade

February 1, 2018 Comments (0)           

New technologies and new business models, as well as regulatory drivers such as MiFID II and Dodd-Frank, are contributing to a transformation in the post-trade landscape. From a regulatory standpoint, the push towards central clearing of OTC and bilaterally traded instruments presents firms with a number of challenges but also new opportunities, as clearing firms and technology vendors innovate to overcome some of the obstacles associated with these changes.
In this Financial Markets Insights...

AI and Deep Learning in Risk and Investment Management

December 5, 2017 Comments (0)           

Deep learning, or the ability of machines to learn using artificial neural networks, has been around since the mid-1960s. In recent years, however, advances in computation performance and storage technologies are enabling the large quantities of data required for effective neural networks to be rapidly processed. As a result, the use of deep learning is increasingly being explored across multiple industries and geographies. In this article, Mike O’Hara and Joel Clark of The Realization...

Making the market: Building prices in fixed income

November 13, 2017 Comments (0)           

The fixed income markets are going through a period of significant transition. While capital constraints and a long period of low volatility have led to challenges in how firms source liquidity, recent increases in bond volatility have led to renewed profitability - and investment - in the markets. And with regulatory reforms forcing more and more trading into the electronic domain, new liquidity venues are beginning to proliferate. Firms across the buy side and the sell side are now having to...

Roundtable Report - Embracing the sharing economy: Why outsourcing financial infrastructure is taking off

October 18, 2017 Comments (0)           

During October 2017, The Realization Group, together with McKay Brothers, Interxion and Options Technology, hosted a round table to discuss a trend whereby increasing numbers of financial firms are now outsourcing vital parts of their trading infrastructure.
Driven partly by regulatory requirements as well as cost considerations, many companies are discovering that outsourcing makes for a compelling business case. For many years, the objection, particularly at large banks, was that it was not...

Do Good to Do Better: How a focus on ESG can improve financial performance as well as the climate

October 18, 2017 Comments (0)           

Barbara Kingsolver’s novel ‘Flight Behaviour’ tells the story of monarch butterflies who cannot use their normal winter site in Mexico because of a warming climate. In the book an entimologist asks what is the use of saving a world that has no soul: “Continents without butterflies, to seas without coral reefs, he meant. What if all human effort amounted basically to saving a place for ourselves to park?” The financial industry has been looking for ways to help save...