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Gary Wright

Analyst
BISS Research
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Gary's opinions

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Gary Wright

Use it or Lose it

A recent article in the Evening Standard highlighted Terry Smith, Chief Executive of Tullett Prebon concerns about the Financial Services Industry's ability to provide investors with protection and value for their investments. Smith focused particularly on share buy-backs, this is where a company uses its capital to buy back its shares. This has t...

15 April 2011

Gary Wright

Regulators dereliction of duty

Now it's just dandy that the FSA does not see a role in regulating Algo trading! Surely this is a dereliction of duty of the first order! The financial services industry is highly technical relying on new developments and innovation to produce increased revenue. The business of Algo trading is a fundamental factor in today's securities markets and...

13 April 2011

Gary Wright

Is Orwellian Social Media here?

At the excellent Finextra Social Media Day yesterday, panellists representing ‘The Corporates' were discussing the consumer/client benefits of social media and this quickly turned into a marketing and PR fest. It's obvious that many corporates, especially in financial services will see the massive growth in social networks as both a threat and opp...

08 April 2011

Gary Wright

Social Networks and the Regulators

Actiance's Sarah Carter gave a fascinating presentation at the Finextra Social Media Day, which clearly resonated with the audience, when she got into the very thorny topic of regulatory compliance. So much of compliance today is about client protection and of course there have been far too many regulatory breaks from a host of different financial ...

07 April 2011

Gary Wright

There can be only one

Consolidation upon consolidation in the Exchange and MTF space with the values given to the purchased or merged business leaves me thinking that in the end there can be only one. The many MTFs set up just a few short years ago and all based on the same business plan looks like a fast track way to make huge money for the prime investors. Each MTF wa...

21 February 2011 Finextra@Sibos

Gary Wright

JP Morgan Chase leads the way

The news that JP Morgan is undetaking a massive downsize of its many trading systems is long over due and hopefully sets a trend for the market. Technology in this space has today run miles ahead of any system with any eighties or nineties legacy and i am certain that JPM Chase is going to gain huge financial and operational benefits. There will b...

16 February 2011 Finextra@Sibos

Gary Wright

Where is Shareholder Power?

Banker's bonuses are still dominating the news during the results season. The banks one by one, will all declare massive profits that are virtually the same as before the banking crisis. "Crisis what crisis" is the cry in the boardrooms and they're right. In just a few short years the banks that crippled many of the worlds economies are ...

16 February 2011 /security /regulation EBAday

Gary Wright

Who wins with Algo trading

Algo trading is very much under the spotlight right now and certain to be so for some time yet. The new group set up to look into the affects of Algo trading on the markets should provide some interesting conclusions but will they be able to alter the dominance of this type of business? Who actually benefits from Algo trading? Certainly large banki...

10 February 2011

Gary Wright

Identity system; a new focus

At the recent MiFID Forum, the FSA outlined the problems facing the securities industry in complying with the regulatory requirement to implement a unique investor identifier. Various ideas were put forward. These ranged from the use of BIC and SWIFT codes to national health numbers, passports and national insurance numbers but were discarded for ...

10 February 2011

Gary Wright

NYSE Euronext deal with Deutsche Borse

Nyse Euronext and Deutsche Börse are in merger talks, fresh on the news that the LSE and TMX are in advanced stages of a merger. After a few years of inactivity it looks like the Exchange consolidation has found new legs. Is this good or bad news for the investors? Certainly the creation of huge international exchanges should have a beneficial imp...

09 February 2011

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Gary writes about

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  • sibos
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