OTC derivatives reform has become synonymous with shrinking dealer profits. Automation will shrink spreads, clearing will raise costs and central clearing will erode this control of the market. But there is another side to the reform story, one of wide-eyed entrepreneurs who see huge opportunities in the expected market revamp. In addition to the more […]
Author: admin
Securities Industry News – StreamBase Launches Developer Community to Advance CEP Innovation
I got a demo and this is pretty cool stuff. I’m sure we’ll continue to see initiatives like this from financial services focused software firms: “CEP and open source have both seen major adoption in financial services over the past few years,” said Kevin McPartland, senior analyst at TABB Group. “CEP has helped the industry […]
AbsoluteReturn – Hey, you, get on my cloud
This article talks about adoption of cloud computing by hedge funds. Most agree it has a place, but that place is limited. A clip: Kevin McPartland, a senior analyst with the research and advisory firm TABB Group, says one function that may not be cloud-ready is trading. Placing trade-order management or execution onto servers in […]
The Evolving FX Market – A discussion with the CEO of FXAll
In my conversation with the CEO of FXAll, we discuss their acquisition of LavaFX, regulatory changes impacting the FX market and the adoption of TCA on the FX trading desk.
Wall Street & Technology – Sybase Acquires Aleri to Enhance Real-Time Analytics Product Suite
If Aleri was having financial difficulties, Aleri’s competitors and industry observers were not aware of the fact. Mark Palmer, CEO of StreamBase Systems, a CEP provider and direct competitor to Aleri, said in an interview: “Aleri made some moves that should have put them in a good cash position. In the market, the products are […]
CDS Clearing: How do we know it works?
Come March, CDS clearing will have been available for a full year. After months of political pressure and industry commitments, open interest for cleared CDS is well into the billions, volumes are well into the trillions, three clearinghouses are officially live and industry estimates (including those of TABB Group) show that CDS clearing will generate […]
HedgeWorld – Flagspotting: Due Diligence Should Involve Asking Hedge Fund Managers Tough Technology Questions
“Even for the smallest funds, especially for equities, there is no reason why every step of the process shouldn’t be 100 percent automated,” said Kevin McPartland, an analyst with the TABB Group. Full Story Here (subscription required)
Bloomberg – Goldman Tops JPMorgan as Best Broker as Speed Shakes Up Trading
Goldman’s technology and its access to a large pool of potential buyers and sellers help it to search for — and find — liquidity at the best price for customers. “The winning brokers coordinated across trading desks within their company,” says Kevin McPartland, a senior analyst at New York-based Tabb Group. “Their software-development and server technology teams […]
Wall Street Letter – Tweeting with @WallStLetter—Collateral Management
Wall Street Letter conducted its first “twitterview,” or an interview over Twitter.com, on Feb. 27 on transparency and efficiency in the collateral management process. Managing editor Jeanene Timberlake tweeted with John Avery, a partner at SunGard Consulting Services, and Kevin McPartland, an analyst at the TABB Group, on how buy- and sell-side concerns have changed […]
Data Center Knowledge – Is Wall Street Ready for Cloud Computing?
But that could change dramatically if financial regulators took a more active role, he said. “If the SEC, CFTC or the proper regulatory body looked at certain cloud environments and was able to certify that they were secure enough for customer data, then we would see a whole new industry within the cloud computing world […]