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Winning the Big Data Race for Trading Communication
By Paul Metcalfe, Orange Business Serviceswww.orange-business.com Big data is increasingly becoming a key concern for technologists, especially with the recent introduction of recording for voice and SMS on mobile phones for trading activities in the UK. As additional voice recording requirements contribute to the growing repository of data firms have to hold to comply, the…
Talking Reference Data with Andrew Delaney: Bringing Markit EDM to Market
In recent weeks, on my usual rounds of meetings in the City – and in New York during Sifma week – I have been peppered by questions about the recent spate of corporate activity among enterprise data management platforms. In the two most visible examples, big data vendors have snapped up small, second-generation EDM platform…
Talking Reference Data with Andrew Delaney: Riding the Regulatory Wave
Some years ago, I debated with the president of a well known enterprise data management platform provider about whether the market’s obsession with risk represented the ‘killer app’ the EDM segment had long been searching for. He wasn’t entirely convinced; I, of course, was. And although there are many good reasons to embark on an…
Latest Thomson Reuters RIC Proposal Addresses Fees, Scope to Assuage EC Inquiry
Thomson Reuters has made further concessions on licensing policies for its Reuters Instrument Codes (RICs) in an effort to end the European Commission’s enquiry into a breach of European competition rules by the company. The move follows an earlier rejected attempt to address EC anti-competition concerns. Comparing the revision to Thomson Reuters’ last and unsatisfactory…
Q&A: Perseus Telecom’s Jock Percy on Fast Fibre and Formula 1
Low-latency connectivity continues to be an area of spend for most trading firms, and tapping into far markets is one of the focuses. IntelligentTradingTechnology.com caught up with Jock Percy, CEO of Perseus Telecom, to get some insight into the action. Q: Let’s start with an update on the transatlantic link – QuanTA. How’s it going?…
Chicago’s Mini-Prop Shop Boom Creates a Boon for Low-Latency Providers
The Volcker Rule, part of the larger Dodd-Frank Financial Reform Act, is an attempt to bar banks from proprietary trading – or making trades for their own benefit – with customer funds. Many banks have pushed back against the proposed rule citing a threat to some of their most profitable activities. In response, the rule…
Talking Reference Data with Andrew Delaney: Why We Care About the LEI
Maybe like me you’ve been slightly bewildered by the comings and goings in the market’s attempts to come up with a plan for a steadfast legal entity identifier (LEI) that everyone can use? Particularly the frenetic pace of sometimes daily change in direction, as stakeholders switched allegiances, and adopted and dropped plans, and interested parties…
Asset Control Sees Broadening of Data Management Requirement in Japan
Asset Control’s decision to open an office in Tokyo – announced today – stems from a heightened level of interest both from the Japanese financial centre’s major banking institutions and the key service agents that provide trading-related capabilities to much of the domestic market. The data management platform provider has announced plans to bolster its…
FSB’s New LEI Deadline Puts Market Under Pressure Amid Continued Uncertainty
The Financial Stability Board’s (FSB) decision to set a deadline of March 2013 for the introduction of a global legal entity identifier (LEI) system may be tight, but industry experts say it can be achieved by using existing infrastructure and following the board’s federated approach to a global solution. The deadline was set by the…
A-Team Data Management Summit: Regulation and Business Mix as Drivers for On-Demand Risk Analytics Development
Regulation is driving change in the financial services industry, not least in the area of risk analysis where on-demand reporting is becoming a regulatory requirement as well as a management need and potential business opportunity. In response to regulatory change, the deployment of technology is changing, but what are the outcomes and how can financial…