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Location
London
Member since
2013
Writes about
Security Payments Regulation & Compliance Retail banking Wholesale banking

Dan's blog archive

2014 (22) 2013 (25)
Dan Barnes
Accolade: Blog group founder

Dan Barnes

Writer at Information Corporation
Message Message me Posts: 47 Comments: 8
Bio Award-winning, freelance financial journalist. Specialist in many areas, including; sell-side execution services, buy-side trading, market infrastructure, emerging markets, regulation, wholesale banking, technology in finance. Career History Deputy editor at The TRADE magazine; Deputy editor at Banking Technology magazine; Account director, Penrose Financial; Technology & wholesale banking editor at The Banker magazine; Sales, research & event manager at the Institute of Financial Services

Blogs

Future Finance News Analysis

Trade in Services Agreement threatens bank data sovereignty

10 Jul 2014

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....

Future Finance

Google search: What’s my credit score?

01 Jul 2014

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...

Future Finance News Analysis

Trade finance creates a 10 billion dollar risk

11 Jun 2014

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...

Future Finance News Analysis

Bad as gold

29 May 2014

The news that Barclays has been fined for manipulation of the gold benchmark is another nail in the coffin of trader autonomy and of voluntary data-based benchmarks. It also highlights the risks for speculators operating in the unregulated derivatives market when the ‘house’ is in charge of fixing the price. Q: So who got stung this time? A: Bar...

See all Dan's blogs

Dan is Commenting on

RBS goes mobile with new wheel-based branches

  Van-based iPad interface. That's embracing change.

29 Apr 2014 Reply Read article

Security worries could hamper take-up of Paym P2P m-payments

  Cash is pretty effective isn't it?

29 Apr 2014 Reply Read article

Asic hits out at 'Flash Boys' hysteria

  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 Reply Read article

'Flash Boys' in a nutshell

  @ Mr Swaminathan - You are correct of course regarding prop trading; the activity in broker dark pools, which is driven by HFT engines (albeit put to a different purpose) is no different from prop trading activity. There is no governance that determines when a broker must execute and all sorts of ways to show best execution (as there is no standard) after the fact. As a result they can execute or not in dark pools at an advantageous point in time to them, and claim it is market-making, when in fact they are optimising their own return. It was 'market-making' in dark pools that the SEC and CFTC say was withdrawn during the 2010 flash crash.

24 Apr 2014 Reply Read article