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What to Expect in 2011
What a year it has been for reference data management. Data quality has been such a high profile topic that it was discussed during one of the US House-Senate conference committees and, across the pond, was also championed by the European Central Bank’s (ECB) president Jean-Claude Trichet during a number of speeches over the course…
Trading Places
The poaching of industry execs by the regulators has been a frequent occurrence over the course of this year and, if recent comments made by the Commodity Futures Trading Commission’s (CFTC) Scott O’Malia are anything to go by, a data management exec is soon to be poached to become the chief data officer (CDO) of…
UK FSA Fines Scottish Equitable £2.8m for Customer Data Management Failures
The UK Financial Services Authority (FSA) has fined Scottish Equitable Plc £2.8 million for failures related to the management of its customer data that the regulator says caused “significant consumer detriment”. In the vein of other fines meted out by the FSA over the course of this year, the action against Scottish Equitable, which will…
The Need for Speed – More Than Just Bullock?
US Futures Commodity Trading Commissioner Bart Chilton offered a broad assessment of the high frequency trading landscape at the recent High Frequency Trading World USA 2010 Conference in New York. His entertaining speech, transcribed here, offers great insight and raises a number of poignant questions about the future of high-speed market access: Introduction Today, I’m…
The Connected World of Connectivity
What is connectivity? How to define connectivity in the high-performance trading infrastructure segment depends on where you sit in what’s increasingly viewed as the financial ecosystem. At the FISD’s recent Low-Latency Roundtable event in London, I asked a group of esteemed supplier panellists how financial markets users should decide on which application type is the…
FPGAs, Established for Market Data, Now Being Leveraged for Transactions, Pre-Trade Risk
Field Programmable Gate Arrays (FPGAs) – providing hardware-based acceleration for processing typically performed in software – are being increasingly adopted for financial markets applications, with signs that their use is moving beyond boosting market data delivery, to address transactional performance as well. Fixnetix and Wall Street FPGA are providing two such examples, as hardware acceleration…
European Commission’s Leaked MiFID Review Paper Highlights Data Standardisation Challenges Ahead
Following on from the slew of technical advice and consultation papers that have been issued by the Committee of European Securities Regulators (CESR) over the course of this year, the European Commission has finally drawn together its public consultation document on the subject of the MiFID Review, a draft of which was leaked last week….
BT’s Pickles Discusses the Data and Risk Management Aspects of the Sequel to MiFID
Although there has been significant focus on the front office and trading impacts of the MiFID review, there are a whole host of middle and back office concerns to consider. Reference Data Review speaks to Chris Pickles, head of marketing for Financial Markets & Wholesale Banking at BT, about his perspectives on these challenges. There has…
End of January Deadline for Responses to US Proposals for OFR Reporting of Counterparty IDs
The industry has just under two months to respond to the proposals regarding how firms will report data to the Office of Financial Research, including the standards that must be used for identifying counterparties. The statement of policy was published in the Federal Register at the end of last month for public comment and firms…
Missing a Trick?
The breakdown of the time spent on each area for discussion at yesterday’s MiFID Forum was indicative of the general press and industry attention that is being given to certain aspects of MiFID over others. The majority of the presentations focused on the front office and market data impacts of the directive’s revisions (with good…