I gave a presentation at 8a this morning at a Wall Street Technology Association (WSTA) event, and SIN had a story on their website by time I was back at my desk. Talk about real-time reporting. Linux is big on the server side for Wall Street and will only get bigger. An excerpt: The biggest […]
Category: In the News
Derivatives Week – Regulators Push For OTC Trading Tape
This story came out of a conference I participated in yesterday put on by Markit. Creating a “tape” for OTC derivatives was a big topic of conversation, especially when it came time for CFTC Chairman Gensler to take questions. Excerpts from the story: “They are looking at this like an exchange-traded market focused on the […]
Waters – Real-time Counterparty Risk Management Is Elusive, Yet Possible
Real-time risk isn’t really real-time – on demand is probably more accurate. Regardless, the credit crisis has put a big focus on risk management and culture and process, not technology, is the real speed bump in the way of progress. My comments: “Counterparty risk is not a technology problem any more,” says McPartland. “The technology […]
Waters – Hybrid Clouds
There is constant talk of whether cloud computing will make its way onto Wall Street. I’m not talking about the use of web based CRM, but realshared storage and compute power cloud computing. The hybrid idea is an interesting one as it could allow firms to scale quickly without keeping the huge amounts of excess […]
FT Mandate – Desperately seeking OTC enlightenment
This article provides a good overview of OTC derivative market regulation and the views of various industryparticipants. I like how I’m quoted here – gives good insight into my views on the subject: …however, most in the industry feel more regulation is pretty much a given. “Regulation of the OTC derivatives market is inevitable – […]
Bloomberg – Fed Fails to Get Swap Users to Accept Clearinghouse Target
The buy side doesn’t want to commit to clearing targets, nor should they have to. This is about reducing systemic risk, and arguably that comes from the interconnectedness of the dealers. My comments in the article: Now, some firms may be having second thoughts, said Kevin McPartland, a senior analyst at Tabb Group in New […]
Securities Industry News – Single-Dealer Portals Offer Live Prices to Debt Buyers
Trade directly with your broker or look to a system that consolidates multiple quotes? There are benefits to each approach, but as things get more electronic in the OTC markets (with or without new derivatives regulations) this question will be front and center for many. My comments: “It is important to have an individual brand and […]
Securities Industry News – Dealing With the Data Deluge
The guys from Exegy who run the Market Data Peaks website say market data rates will only continue to increase. I agree – although I’m not sure doubling in 2010 is necessarily in the cards. Either way everyone needs to be ready. An excerpt: Data rates will certainly continue to grow with trading firms keeping […]
OTC Derivative Reform Brings Huge Opportunities
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 […]
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 […]