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Spending Wisely On A Big Data Strategy

Spending Wisely On A Big Data Strategy

Capital markets firms are falling behind in Big Data as industries from utilities to manufacturing successfully employ enterprise-class solutions to improve operations. But capital markets firms aren’t keeping up either because they’re too new on the block or because…
Dodd-Frank And The Global Culture Change

Dodd-Frank And The Global Culture Change

“The impact of Dodd-Frank for foreign banks is going to be widespread and long-lasting,” according to a recent report by Boston-based research and consulting firm Celent. “The new rules would alter the trading strategies and operations of…
Not-Ready-for-Real-Time Players Handicap Themselves

Not-Ready-for-Real-Time Players Handicap Themselves

Three in five financial institutions cannot perform real-time reconciliation because they haven’t started working on it for any of their asset classes, according to a recent survey. And they don’t think they’ll be ready to start work on this…
Europe Takes Control Of High-Speed Trading

Europe Takes Control Of High-Speed Trading

The European Parliament’s financial committee decided last week to rein in the velocity of high-frequency trading. The Economic and Monetary Affairs Committee’s unanimous vote paves the way for a half-second speed limit on those using computers to execute lightning-fast stock…
trading

Looking For Perfect In The Trading World

Stricter risk controls are necessary at all levels of the high-frequency trading cycle, according to the Federal Reserve Bank of Chicago this week. HFT firms aren’t employing risk controls endorsed by industry and regulatory bodies, the bank’s study found,…
Romney’s Devil in Dodd-Frank’s Details

Romney’s Devil in Dodd-Frank’s Details

If any publicity is good publicity, the Dodd-Frank Act got a healthy shot in the arm from the two candidates for U.S. president during their first debate on Wednesday, with each contender discussing financial regulation at length.
Restoring Profits And Confidence With Big Data

Restoring Profits And Confidence With Big Data

“Retail and commercial banks should be simple and they should be boring,” Lloyds Banking Group’s chief executive said last week. “The industry must change,” António Horta-Osório told the CBI Scotland annual dinner.
McDonald’s Transparency Offers Financial Industry Food For Thought

McDonald’s Transparency Offers Financial Industry Food For Thought

“Would you like 500 calories, er, fries with that?” Global fast food juggernaut McDonald’s will list the calorie values on its menus across the…
Electronic Trading Accidents Can Help Improve Big Data Management

Electronic Trading Accidents Can Help Improve Big Data Management

More than a quarter of market participants find its current structure “very weak,” according to a recent TABB Group poll, which indicates that all-too-frequent computerized trading goofs are eroding market confidence. Last month’s Knight Capital tech tragedy…
Securing The Future And The Bottom Line With Data Management

Securing The Future And The Bottom Line With Data Management

It’s increasingly expensive for big banks to maintain their size, especially while they face growing data management challenges, increased capital reserve requirements and regulatory surcharges. Conventional wisdom used to hold that…