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Dark Pools of Liquidity – The Risks
Location of Market Risk Personnel
Credit Meltdown Recovery? Harnessing Stress Testing for Effective Risk Control
Determining Best Execution: What Roles Does Transaction Cost Analysis Play?
Establishing Control: Buy-side data management challenges
Navigating the Minefield: An assessment of current credit monitoring and control practices
Our latest Executive Summary, sponsored by Thomson Reuters, is the white paper "Determining Best Execution: What Role Does Transaction Cost Analysis Play?". It focuses on the major issues surrounding this topical subject and reveals that factors appear regardless of country. This matter is of extreme importance to the industry as there are current concerns that MiFID best execution requirements are still not being met.
A recent Executive Summary, sponsored by OpenLink is the white paper "Credit Meltdown Recovery? Harnessing Stress Testing for Effective Risk Control". It highlights several key trends surrounding the need for a defined stress testing regime and a firm wide, cross asset class risk management solution.
Regulatory requirements are essential, and are amongst the most substantial and fundamental factors driving the banking business. Any change in regulation may potentially increase the cost of conducting conventional business activity, reduce the appeal of an investment, or change the competitive landscape. Dialogue around compliance is something that has been accentuated of late, as the regulators are proactively seeking to address the recent mishaps in the global financial markets.
The Financial Services Authority has slapped UBS with an £8 million fine for unauthorised trading losses. The UK regulator imposed the fine after the bank failed to stop employees posting unauthorised trading losses to customer accounts. The oversight appears to have enabled four members of staff to carry out unauthorised transactions involving customers' money on at least 39 accounts over a two year period.
Banks need to start being more aware when it comes to the matter of rogue trading. This needs to be for the long term rather than just trying to appease staff, investors and the media in the short term. The preventative methods should be ongoing and a consistent process. It is no longer sufficient to just merely comply with regulation as this has clearly not worked in the past, as this report will outline. Instead, the financial industry needs to wake up to the fact that rogue trading events have occurred and will occur if the organisation’s approach does not change.
Adopting a comprehensive approach to managing technology assets and resources has never been more important. However, using disparate IT related information that spans across the enterprise and converting it into useful and meaningful information may not be an easy task by any means.
FX markets around the world have withstood the events of the past eighteen months surprisingly well. Prior to the fall of Lehman Brothers in September 2008, the total daily volume of FX trades had been steadily growing.
There has been a surge of interest over the past year in finding ways to decrease the power, cooling and space requirements of the data centre. Hardware accelerators are billed as one of the technologies that may be able to assist this. Typically hardware accelerators are far more power efficient than CPUs and due to the fact that they exploit multiple levels of parallelism, they offer vastly increased processing power.
The proliferation of low latency data feeds supporting the growing algorithmic trading market is one of the main drivers for what many people are calling CEP. The extent to which CEP platforms are actually being used and installed within the financial industry is fiercely debated between various reports, press releases, conferences and blogs.
Data management and data cleansing is one of the most challenging and most ignored problems within the financial markets industry. The issue caused by the quality of data is no more pronounced that with the risk modelling and management departments.