John Goeller is director of portfolio and automated trading at Merrill Lynch, and also co-chair of FIX Protocol's Americas regional committee. He came by the Finextra stand at Sifma TMC in New York to talk about the new algorithmic trading definition language FIXatdl, working with order management system (OMS) vendors, and new areas that FIX Protocol is looking at to support the growth of electronic trading.
Liquidnet CEO Seth Merrin visited the Finextra stand at the Sifma Technology Management Conference in New York to discuss his views on how the quantity discovery provided by alternative block trading venues complements the price discovery of exchanges, leading to a "co-opetition" model. In this video he also discusses how technology trends are influencing the execution landscape, and how having built-in liquidity from day one is the real barrier to entry for new providers.
Mike Atkin, managing director of the EDM Council, visited the Finextra stand at Sifma TMC in New York to discuss what the council had achieved in the three years since it was formed and the emergence of data management as a discipline distinct from but linked to IT and operations. In this video he also talks about ongoing work from industry bodies in standardisation of different types of reference data, and the priorities for the council over the next 12 months.
Omgeo CEO Marianne Brown visited the Finextra stand at the Sifma Technology Management Conference in New York to discuss paperless confirm disclosures, post trade efficiency in the derivatives market, and evolving infrastructures in emerging markets such as Brazil.
LCH.Clearnet CEO Roger Liddell recently spoke to Finextra about the clearer and CCP's efforts to get access to eurozone markets under the industry's voluntary European Code of Conduct for Clearing and Settlement. The code was created to help promote a level playing field and increased competition for financial markets clearing organisations, but Liddell says clearers are being constrained by obstacles at the national regulator level.
At this month's Cass-Capco Institute Risk Conference in London, Finextra spoke with David Aldrich, managing director, Bank of New York Mellon. In this video he discusses operational risk considerations for hedge funds, the role of regulators, and how the industry is reacting to the current liquidity problems.
In this 7-minute audio file, hear Keith Saxton, global director, Financial Markets, IBM, discuss how the latest approaches to incorporating emerging technologies and tuning compute environments can help firms gain valuable insight from explosively growing volumes of diverse data. Enterprise stream processing, in particular, is a useful strategy for avoiding bottlenecks, he explains.
Lee Hodgkinson, CEO, SWX Europe, talks in this video about the host of new competitors to traditional exchanges, such as Instinet Chi-X, Turquoise and Nyfix; the diminishing dependence of the buy-side on the sell-side for order execution; and the gradual seeping of transparent order flow into dark pools of liquidity.
Anne Ambrose, worldwide director, brokerage, trading and investment management at HP, talks in this video about the change in mindset of capital markets firms regarding their environmental impact. She examines rising power costs and their increased visibility; the ergonomic, economic and green impact of new trading floor designs; and new developments in the data centre that promise to reduce the carbon footprint of financial markets firms
Marc Bayle, T2S project manager at the European Central Bank, spoke at Finexpo about the benefits that Target2 Securities hopes to provide European market participants. In this video he outlines: the challenges for CSDs who will need to adapt their business models; the current reaction from banks and CSDs involved in the consultation process; Spain's first movements toward process harmonisation; and the challenges the ECB faces if it is to build the infrastructure to go live in 2013.
Phil Enness, global solutions manager for financial markets data management at IBM, previews his upcoming presentation at Finexpo City Technology Strategies. In this interview he talks about IBM's work to help clients achieve low latency and better reliability for critical data feeds, including the Options Price Reporting Authority feed, as well as investment priorities and key infrastructure challenges for capital markets front office operations.
Stavros Siokos, Citigroup's head of European AES, spoke to Finextra about how algorithmic trading is changing: sell side distribution models, the impact of MiFID in Europe, evaluation methods for algorithmic performance and the technical challenges of dealing with exponential data growth.