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Chris Pickles

Chris Pickles - BT - London | 25/03/2013 | 1951 views | 3 comments

Watching how data volumes coming out of the Chicago derivatives markets have been growing is what you do when you have to build IT infrastructure to support a modern bank or broker anywhere in the world. Moore’s Law, where processors double in power every 18 months, becomes a practical bottleneck, because the world isn’t governed by Mo... Tags: Trade execution, Post-trade & ops

Chris Pickles - BT - London | 22/03/2013 | 1409 views | 1 comment

25 years of the German Exchange

Sometimes it’s useful to remember how things were so that we can work out how we got to where we are today. 25 years ago Germany had eight separate securities exchanges, of which Dusseldorf was the largest, and it had no derivatives exchanges – in fact, derivatives trading was classed in the same regulatory category as gambling, but wi... Tags: Trade execution, Post-trade & ops

Chris Pickles - BT - London | 08/02/2013 | 1769 views | 1 comment

Vote for FIX for LEIs and CAT NMS

Many of the business processes that are going to need to be changed in order to make use of the new Legal Entity Identifiers are already included in the FIX Protocol that many thousands of investments firms – buy-side and sell-side - use around the world. The market practitioners that join in the continual development of FIX have already bee... Tags: Trade execution, Post-trade & ops

Chris Pickles - BT - London | 06/02/2013 | 1891 views | 1 comment

Proving best-execution compliance for all trades

Despite the growth of automated, electronic trading – whether high-speed or algorithmic or plain vanilla – voice trading is still a key element of markets in most asset classes, and in particular where trades need to be negotiated. We’d all expect firms to keep archives of all electronic transactions, as with all of their compute... Tags: Trade execution, Risk & regulation

Chris Pickles - BT - London | 04/02/2013 | 1769 views | 2 comments

Who pays a transaction tax?

One sometimes wonders how distanced politicians are from commerce, business and financial services. There is the impression that they have a desire to punish financial institutions for actions that led to the global economic crash and to the current and ongoing global economic crisis – or at least for their actions that didn’t stop dis... Tags: Trade execution, Post-trade & ops