Trading & Risk Technology
BATS Hits the Rocks, Which May Help Fill Its Sails
Despite weeks of daily tests to the ensure company’s systems could handle its own Initial Public Offering, BATS Global Markets promptly noticed that they had a problem last Friday.
“Staff members were quickly dispatched to diagnose and fix the software problem, and within minutes the company had called the SEC to alert the agency,” The New [...]
July’s the Limit: Regulatory Deadlines Start the LEI Party this Summer
LEIs are like a party for counterparties, albeit a festivity in which the guests are to arrive at different geographies and different times. The Legal Entity Identifiers (LEIs) are more than digital fingerprints that firms can use to identify counterparties; they represent a time- and money-saving infrastructure whose hour is at hand — or will [...]
Conquering Big Data Analytics in a Heterogeneous World
“Are you sitting on un-mined gold?” asks a tagline for GigaOM’s Structure:Data conference this week. Sybase will help answer that question on Thursday with a workshop led by Director of Business Development David Wiseman.
“Conquering Big Data Analytics in a Heterogeneous World” will consider all five vectors of Big Data analytics by exploring techniques that combine [...]
High Frequency Trading – Still Contentious
TradeTech last week in New York was one of the best yet. David Leinweber started off the proceedings at the not-so-subway-accessible Javits Center, and if you haven’t seen David’s talk about his research at the Lawrence Livermore National Laboratory (yes, where they design bombs), you should see him the first opportunity you have. His examinations [...]
Backlash of the Titans
If you can’t run with the big dogs, stay on the porch. It’s one of those idioms that exalt the conspicuously massive, enticing us to celebrate the all-or-nothing spirit of those who dominate.
But big isn’t as easy as it used to be. The U.S. Securities and Exchange Commission is looking into the possibility that some [...]
A Chicken in Every Pot, a Car in Every Garage … Hadoop on Every Desktop?
Herbert Hoover aimed to win the U.S. presidency in 1928 by promising prosperity with slogans such as “a chicken in every pot and a car in every garage.” One wonders why houses had garages before cars were ubiquitous, of course.
More seriously, one also wonders about the plausibility of getting a chicken into every pot each [...]
More Thoughts on Big Data
Capital markets firms are increasing motivated to mine more and more data. So a question about the spread of data caught my attention a couple of weeks ago: Would different groups within an organization collecting as much data as they could for data mining result in multiple copies of data?
I had just presented at the [...]
More Than Rumor Has It: Social Media Can Wreak Havoc on the Market
“North Korea’s biggest leader Kim Jung Un, this morning in Beijing time 2:45 a.m., had his residence broken into and was assassinated,” a social media message from China stated last week. “Vehicles are rapidly increasing in number … this sort of battle formation hasn’t been seen in over two years.”
This rumor, and at least one [...]
How Now, New Cow: a Tale of New Regulatory Standards and Banking Stress Tests
The why of improving bank stress testing is easy. It would improve industry confidence and regulatory compliance. It would also set straight a bunch of Europe’s biggest banks — the ones that failed revised stress testing conducted by Credit Suisse last year.
Tougher and equally compelling is the how. The European banking industry is up against [...]
Some Thoughts on Big Data
Big Data is technology’s hype phrase du jour, bandied incessantly about by analysts and the media. Every vendor seems to have a Big Data product, position or solution.
But what does it mean in capital markets?
It might mean we get to be a bit smug. We have been the leaders in Big Data for several years, [...]