Software investment projects in financial markets organisations almost always include a ‘buy vs build’ decision: whether to buy – to purchase an off-the-shelf solution from a third-party vendor, or to...
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Pivoting Fixed Income E-trading Technology Assets to Accelerate Compliance In June 2015, a small group of quantitative traders working for the UK division of a Tier I global investment bank...
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After years of investment in front office technology to streamline workflows in the face of squeezed trading margins and higher trading costs, investment banks and brokers now are focusing on...
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In 2021, demand for third-party data in financial institutions is growing, fuelled by the wide availability of innovative technology that can analyse many different data types and by the huge...
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In June 2020, the Bank of England (BoE) created a Post-Trade Technology Market Practitioner panel to look at the future of post-trade systems and processes. The subsequent report posited that...
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Over the last decade, cash equities trading has experienced a high degree of technological and business consolidation, driven by the downward pressure on margins in cash equities brokerage.
GreySpark Partners’ review of Symphony Innovate 2020 conference event’s key themes and trends leads to consideration of the value that Symphony Communication’s software and ecosystem have for the capital markets financial services firms client base globally, beyond the collaboration tool itself.
With most conference events in 2020 migrating from their traditional physical environments into the digital realm, so it was the case for the Symphony Innovate 2020 event, which saw participants congregate online in a reflection of changing work habits and patterns associated with the global pandemic.
COVID-19 has challenged the robustness of banks’ model risk management and EUC policies. In a context where market behaviors are uncertain and changing rapidly, banks need to adapt their approach to model risk management in order to keep business running as usual, whilst maintaining the quality of their pre-pandemic controls.
Beginning in the early 2000s, when the algorithms and software capable of performing transaction cost analysis (TCA) on a semi-automated basis first became prevalent, the definition of the function was always: a method of determining the effectiveness of a set of transactions performed by a counterparty – the key word within that definition being ‘effectiveness.’
In recent years, the evolutionary pace of communications technology increased rapidly. Video conferencing, which historically required specialised equipment, is now commonplace and available to all, providing an alternative to face-to-face meetings.
Despite astronomical sums being spent by banks on surveillance – almost US$ 740m by 15 surveyed Tier I and Tier II banks alone in the first two years after MAR came into effect in the UK1 – electronic surveillance is still in its infancy, and gaps in efficacy and performance mean that there is appetite for further spending, development and automation.