Deutsche Bank offers hardware low-latency solution
Not too long ago, Corvil announced it had created a latency monitoring product that could measures trades in nanoseconds. That seemed to be way ahead of the curve, but a recent announcement from...
View ArticleEU going overboard in algo regulatory zeal
Algorithmic and high-frequency trading has been the object of a lot of regulatory activity in the U.S. and Europe as of late, with the more draconian solutions emanating from Brussels. As part of its...
View ArticleBulge bracket brokers step up risk check services
Recall that the SEC's "naked access" rule, formally 15c3-5, requires all brokers to provide risk management checks for sponsored orders before they are entered into the market. The rule is slated to go...
View ArticleMachine readable news still making gains
We've previously noted the slow, steady rise of machine readable news services over the past two years. The niche was given a massive boost by the arrival of the "big boys" who have invested...
View ArticleTime to delay the ban on naked access?
Many people agree that the SEC was correct to ban so-called "naked" sponsored access to the stock markets. In some ways it's surprising that this was allowed to go on for so long. So if everyone agrees...
View ArticleCME study encourages high-frequency trading
The debate over high-frequency trading is pretty nuanced. The CME Group has weighed in with a study that takes a look at its commodity, interest-rate and stock-index derivatives markets and concludes...
View ArticleIOSCO issues report on technology, global markets
Back in July 2010, the International Organization of Securities Commissions (IOSCO) Technical Committee was tasked with studying the effect of technology on the global markets and proposing some...
View ArticleIBM pushes into analytics with deals
The news that IBM is buying Algorithmics for $387 million is yet another deal by Big Blue that enhances its analytical, risk management and financial expertise.Over the last five years, IBM has spent...
View ArticleRisk management still maturing in financial services
The Holy Grail of risk management for just about any company boils down to the ability to analyze relevant data in real-time, spitting out lots of metrics and warnings.This is the rhetoric of all...
View ArticleThe conflict between rogues and risk management
The Kweku Adoboli scandal at UBS has tracked well with the Jerome Kerviel scandal at Societe Generale in some respects. It remains to be seen whether Adoboli will, like Kerviel before him, ultimately...
View ArticleCME Group fines high-frequency traders
The SROs these days are under a bit more pressure to make sure high-frequency trading doesn't get out of control via erroneous orders.We've seen the SEC act to ensure that high-frequency broker dealers...
View ArticleBank of America ponders mobile security
Mobile security ranks as perhaps the most pressing risk management challenge facing banks, many of which are bent on rolling out new mobile functionality in the face of stepped-up efforts by cyber...
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Latency plunges for pre-trade risk checks
SEC rule 15c3-5 was passed in November 2010, aiming to “to ensure that broker-dealers appropriately control the risks associated with market access, so as not to jeopardize their own financial...
View ArticleMysis talks with Temenos spark criticism
It was big news this month when it was revealed that Mysis and Temenos had entered merger talks.The deal would create a juggernaut vendor for risk management software, with a client list of more than...
View ArticleBanks lagging on risk management efforts
If the 2008 financial crisis and its aftermath did anything positive, it exposed the need for banks big and small to modernize their risk management systems.The lack of solid processes and...
View ArticleAre SROs looking for more Newedge-like cases?
In the wake of the May 2010 Flash Crash, one of the most publicized regulatory reforms was the adoption of Rule 15c3-5, which held that broker-dealers offering sponsored access must provide pre-trade...
View ArticleSurvey: banks need to invest in risk management systems
Risk management has been a huge priority at banks since the financial crisis hit. But investment perhaps has lagged awareness. Many banks are waking up to the fact that while they face cringing needs,...
View ArticleBanks brace for Fed's stress test
In compliance with Dodd-Frank, the Federal Reserve will soon subjecting banks to its Comprehensive Capital Analysis and Review (CCAR) program, which amounts to stress tests. The goal is to find outread...
View ArticleFed proposal holds big surprises
The 173-page proposal from the Federal Reserve issued this week contained some surprises. Chiefly, the Fed has proposed new limits that could restrict business between big institutions. The netread more
View ArticleCitigroup's transparency problem
CEO Vikram Pandit has set himself up as a conciliatory figure in this season of public discontent about banks.read more
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