Fidessa group plc (LSE: FDSA) today announced a key appointment for its sell-side business, Jay Biancamano is now Head of Equities Product Marketing for the Americas. Based in New York and reporting to James Blackburn, Global Head of Equities Product Marketing, Biancamano will focus on driving the strategic direction of Fidessa's sell-side equities products to provide new and innovative services to its clients which deliver them real business value.
Erik DiGiacomo Hired to Grow Company’s Practice Supporting Operational Transformation by Banks, Broker-Dealers, Hedge Funds. Broadridge Financial Solutions, Inc. (NYSE: BR) is expanding its professional services practice within the company’s Global Technology and Operations business unit to help financial institutions navigate regulatory and operational challenges and execute large business transformation initiatives. The company has hired industry veteran Erik DiGiacomo to lead the practice.
Reinforcing product management and marketing operations with new offices in North America and India to support a growing global customer base. Volante Technologies Inc., a global leader in the provision of financial data messaging integration, validation and processing tools, today announced the appointments of Nadish Lad as Head of Payments Product and Peter McKenna as Global Marketing Director.
Technology is making a sweeping transformation in trading styles from the accelerating use of algorithms. The increased automation overlaid on a complex market structure provides fertile ground to a broad spectrum of market manipulation and abusive behaviors. This has set the stage for increasing regulatory oversight where the burden of proof rests with market participants to demonstrate control over their trading activity. Surveillance consequently becomes a matter of risk management.
The FIX Trading Community held their London Regional Meeting at the BT Centre on December 2nd, with over 100 members from the buy- and sell-side, as well as vendor communities, to discuss latest thoughts on the MiFID II consultation process and the impact of regulation.
Risk data is an area that has been largely overlooked for many years. Today the situation is different and the area is facing increasing regulatory scrutiny, as Systemically Important Financial Institutions (SIFIs) rush to comply with the Basel 239 Principles for Effective Risk Data Aggregation and Risk Reporting. An enterprise’s success depends on its ability to analyze risk data efficiently and effectively, in ways that uncover both risks and opportunities. Being able to extract and escalate critical risk information is nearly impossible without a robust risk management framework supported by a strong technology infrastructure.
THE TRADE invites you to participate in The Algorithmic Survey for 2015, now in its 8th year running. If you are trading electronically, we would appreciate your input on the use of algorithmic trading services. To express our thanks, all participants are eligible for a free one-month online subscription to thetradenews.com. Please rate your algos by completing the online questionnaire available here..read more
In Asia’s equity markets, liquidity experienced an upward trend during the third quarter of 2014 according to ITG’s Asia Pacific ‘Liquidity Indicator’. The indicator had fallen for three consecutive months in the second quarter, declining from 1088 at the end of March to 1038 at the end of June. It perked up in the third quarter, rising to 1070 in August and September.read more