The U.S. financial services industry — including its collective back- and middle-offices in particular — has undergone sweeping changes since the Great Recession, the vast majority of which are directly attributable to the 2010 Dodd-Frank Wall Street Reform Act. The law was contentious from the very beginning, so it’s perhaps unsurprising that opinion on its… Read More >>
Buy Side Wants More Light in Dark Pools: Report
There’s widespread dissatisfaction with the level of transparency at dark pools among asset managers and hedge funds, according to a new report by market research firm, the Tabb Group. Roughly 72 percent of the head traders at 92 asset managers and hedge funds polled by Tabb researchers said they were “dissatisfied with transparency levels in… Read More >>
Q&A with UBS: ‘Things are moving beyond Excel’
Mike Dickey, director, product deployment, UBS Fund Services, spoke to FTF News about UBS Fund Services’ recent news that it has deployed SunGard’s Investran Insight. The installation will yield a portal that integrates the client web portal, dubbed the UBS Fund Services Online. In addition, UBS clients and their limited partners will have access to… Read More >>
Tearing Down the Culture of Secrecy
I had a mini-revelation about the financial services industry and its ongoing melodrama over transparency and data standards during a panel discussion at the19th ISITC Annual Industry Forum and Vendor Show in Boston this week. Essentially, is this industry doomed to never getting transparency right? My train of thought was sparked by economist Allan Mendelowitz,… Read More >>
