On International Women’s Rights Day, March 8, a banking giant made a surprising announcement, and challenged itself to do better: “The BNP Paribas Group has set itself an ambitious target: to have 1,000 more women in our IT professions by the end of 2024, through both internal and external recruitment.” While the Women’s Rights Day… Read More >>
Buy-Side Trading Desks Favored IT Spending in 2019
On average, budgets for American and European buy-side trading desks rose by four percent in 2019, and it appears that much of that increase went to spending on technology rather than for hiring staff, according to a recent report from Greenwich Associates, a market research firm. In fact, the research firm found that “headcounts among… Read More >>
IBM & TR Offer Regulatory Change Management Solution
IT systems giant IBM and the Regulatory Intelligence group at Thomson Reuters (TR) have joined forces to provide financial services firms with a regulatory change management solution that will help them digitize governance, risk, and compliance (GRC) processes, automating access to more than 900 regulatory bodies and 2,500 collections of regulatory and legislative materials, officials… Read More >>
New School Robots Need Old School Rules: Panel
Securities firms should apply old school best practices of IT and staff management when they consider resolving operational issues with robotic process automation (RPA) implementations, according to a panel discussion that was part of a recent ISITC conference. The members of the panel discussion, “Why AI and Robotics? The Allure of Intelligent Automation,” were Jason… Read More >>
Crypto-Assets Have Big Ops & IT Risks: FSB
The Financial Stability Board (FSB), a regulatory and policy go-between for national financial authorities and standard-setting bodies, has published a risk assessment of “crypto-assets and their markets,” and, among other factors, has identified key IT, operational and cyber-security pitfalls. In a new report on the subject, “Crypto-asset markets: Potential channels for future financial stability implications,”… Read More >>
LabCFTC Wants Your FinTech Contest Ideas
In case you were wondering, LabCFTC, the CFTC’s FinTech initiative, is asking the public for ideas and subjects for innovation competitions “to advance the agency’s FinTech goals,” and to help the regulator advance its array of IT tools. “We launched the LabCFTC initiative to stimulate and promote market-enhancing FinTech solutions,” says CFTC Chairman J. Christopher… Read More >>
Denali Deploys INDATA OMS for Trading & Compliance
Denali Advisors, a quantitative-based, institutional investment management firm, went live last month with a trade order management system (OMS) and FIX-based electronic trading support via provider INDATA, an implementation for pre- and post-trade securities and compliance operations. The San Diego, Calif.-based firm’s installation of INDATA’s iPM (Intelligent Portfolio Management) Epic OMS is delivered to end-users… Read More >>
Data Licensing Woes Strain Data Governance for Most Firms
Data management consultancy 3d innovations (3di) says that its data governance efforts for financial services clients over the past 16 years has led to $1 billion in cost avoidance via global data licensing domains. As executives squeeze IT and operations budgets, better data governance has become a major concern for securities trading firms. The major… Read More >>
CISOs Must Leverage Their Key Role in Cybersecurity
Cybersecurity is definitely (and finally) on the radar of executives and boardrooms of securities trading firms, and financial chief information security officers (CISOs) should make the most of their greater influence upon the top decision-makers, according to the first cybersecurity trends survey that the Financial Services Information Sharing and Analysis Center (FS-ISAC) conducted upon its… 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 >>
