A clash between globalised financial services and domestic governments is looming. Activity by the US authorities particularly – from spying on friendly foreign governments, to aggressively pursuing sanction breakers and tax avoiders domiciled overseas – risks fragmenting globalised industry into regionalised pockets of influence and jurisdiction....
10 July 2014 Future Finance News Analysis
The hype around big data is, ironically, huge. There is more to big data technology than the marketing bandwagon. The scale of the difference that systems like Hadoop – the open-source platform based on Google’s storage model – can have on making sense of lots of input at once is interesting to observe. Using parallelised, decentralised processing...
01 July 2014 Future Finance
BNP Paribas is in a real fix. It faces censure for allegedly being found guilty of breaching US rules on money laundering, and of breaching US sanctions, between 2002 and 2009. These alleged breaches relate to Cuba, Iran and Sudan. The risks involved for the bank are potentially terminal; the fine it is threatened with – rumoured to be around US$1...
11 June 2014 Future Finance News Analysis
Van-based iPad interface. That's embracing change.
29 Apr 2014 14:08 Read comment
Cash is pretty effective isn't it?
29 Apr 2014 13:27 Read comment
Actually ASIC did implement dark pool rules, but decided that HFT was not in itself an issue. It is the front-running of trades that are bounced between venues that is the problem identified in Flash Boys, which relates specifically to latency arbitrage HFT, not all HFT. Therefore restricting the routing of trades to alternative venues, increasing their transparency around order flow and addressing conflicts of interest would seem a perfectly rational strategy. See http://asiaetrading.com/asia-etrader-magazine/asia-etrader-magazine-issue-eight/ for details.
29 Apr 2014 11:57 Read comment
Finextra ResearchWriter at Finextra
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