How many new Fixed Income trading venues are there?  A simple question came up recently in a conversation – how many new Fixed Inco...
Saturday, 20 June 2015
Within the world of Fixed Income we are seeing a rapid proliferation of new venues that are attempting to bring about structural change in the Fixed Income market place. How does a sell-side operate in this new paradigm of Fixed Income trading venue proliferation?
One impact is that the typical sell-side connectivity implementation faces structural difficulties. In the past a sell-side would typically use a well known vendor for all of their connectivity or build in-house. In either case the implementation would be expensive to run and not very flexible.
Thursday, 18 June 2015
Following on from The next crisis in the Bond market..., ETFs, liquidity profile and valuation issues, Bond fund distance, liquidity and trading, Bond liquidity, collective investments and fairness I want to describe a specific type of risk. I call it liquidation risk.
Wednesday, 17 June 2015
As a general rule, this blog has avoided crystal ball gazing and has tried to maintain a mixture of content around Electronic Trading, Fixed Income, ETFs, FIX, buy-side technology, sell-side technology, Excel, Middleware and a few other topics.
Tuesday, 9 June 2015
In most trading applications there is a requirement for a rich user experience. If the back-end works but the UX looks like a dogs breakfast the system will not be well regarded. Typically within a trading system such as an OMS or EMS there is a blotter with drill down and a form based order entry paradigm.
The recent "news" of a Sungard IPO spurred a conversation on the topic of fintech startups. The specific category of interest here is the firm that sells enterprise IT. This is about the "Enterprise Fintech Start-up", hereafter EFS.
Following on from an earlier post "The market data product that the global financial services industry really wants..." I was having a debate with an old chum. He suggested that I was mistaken and that in the exchange traded equity world all you need is ISIN+MIC to identify any instrument.
Wednesday, 3 June 2015
I had almost invariably been told by DBAs of my acquaintance that cursors are evil, a monstrosity born of desperation by the clever people who design relational database management systems to allow mere mortal users to work outside of the pure set based logic that rules within the realm of SQL.