(As we head into the Labor Day weekend, it’s a time to reflect upon accomplishments and what needs to happen next. It’s also a time for people to evaluate where they are in their career and even if they want to stay in that career. For Wall Street veteran Michael Sears, a former managing director… Read More >>
Executives Need to Drive Diversity at Firms: Q&A
(Cheryl Nash, president of Fiserv Investment Services, is the recipient of the Editor’s Choice Award for 2018, a top honor of the FTF News Technology Innovation Awards. This interview is a follow-up to a Q&A done in the spring when Nash gave the closing keynote address at the ISITC 24th Annual Securities Operations Summit. Nash… Read More >>
Ops Staff May Sit Side-by-Side with AI
(A principal within EY’s Financial Services advisory practice, George Kaczmarskyj leads the robotics and intelligent automation for financial services in the Americas. For the past 25 years, Kaczmarskyj has worked with financial institutions and other industry clients in their robotics, process improvement and information management and analytics needs, officials say. He has led client engagements… Read More >>
Digital Asset Launches Developer Program for Smart Contracts
Digital Asset, a pioneer of distributed ledger technology (DLT) for financial services, is launching a developer program for writing smart contracts via the Digital Asset Modeling Language, an attempt to bring DAML to “a wider audience” that will pave the way for more applications to run via the vendor’s flagship platform. “DAML is the enterprise… Read More >>
Change Management Can Help Uproot Manual Systems
(Cheryl Nash, president of Fiserv Investment Services, gave the closing keynote address last month at the ISITC 24th Annual Securities Operations Summit, and her talk focused on the inevitability of change. Nash has been serving in her current post for more than six years, and her expertise includes the development of “multiple strategy portfolios, known… Read More >>
The Regulators Didn’t Really Shut Down
The federal government shutdown lasted only three days but it looks as if the regulators for the securities industry were pretty much on the job whether or not the legislative geniuses of Washington, D.C. had reached an agreement. The SEC, for instance, has an operations plan, 18 pages long, that looks as if it was… Read More >>
Regulatory Shifts, MiFID II & IT Leaps to Rattle Markets in 2018
Regulatory change and the importance of data and analytics impacting trading venues, investors, dealers, and those that support them will continue to be main themes this year, according to a new report by Greenwich Associates, “Top Market Structure Trends to Watch in 2018 — The Year of Digital is Upon Us.” Greenwich Associates provides market… Read More >>
75,000 London Jobs in Financial Services Could Exit with Brexit
As the Brexit negotiations stagnate, there is a concern that U.S. banks will trigger their contingency plans and move thousands of jobs out of London before any Brexit deal is struck. Speaking before peers on the House of Lords E.U. financial affairs sub-committee on November 1, Sam Woods, a deputy governor of the Bank of… Read More >>
Cargill Fined $10M for Alleged Swaps Trading Violations
The CFTC reports that it has simultaneously filed and settled charges against Cargill, alleging that the Minnesota-based agricultural, commodity, and financial services giant sent swaps counterparties and a swaps data repository (SDR) “inaccurate marks” that obscured “up to ninety percent of Cargill’s mark-up.” The settlement order means that Cargill, Inc. will pay a $10 Million… Read More >>
Women on Wall Street Say ‘Equity’ Gets It Right
The new Wall Street thriller “Equity,” now in wide release via Sony Pictures Classics, is getting positive reviews from movie critics and more importantly from the women who work in financial services — they report that the struggles they face are accurately depicted in the drama. The movie is a major departure from the testosterone-heavy,… Read More >>
