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A Design for the Enterprise Risk Ecosystem

Download New White Paper from A-Team Group and Sybase

A Design for the Enterprise Risk EcosystemThe lack of a single, holistic view of enterprise risk among financial institutions has been identified as a key factor in the ongoing financial crisis. With data organized along business lines – largely on a silo basis – risk managers have been merely measuring the risk of firms’ vertical operations, rather than truly managing it. The result has been a lack of real information on holdings, exposures and counterparties, and an incomplete view of enterprise risk.

Industry practitioners expect regulators to impose a more stringent regime upon the financial services industry in the wake of recent events. Meanwhile, risk managers are struggling to establish a view of group-level risk. It’s becoming clear to executives that that a truly enterprise-wide approach to risk management must be underpinned by a consistent, managed approach to data.

The need to establish a standard platform that addresses the data management challenge an enterprise approach to risk requires, is now being recognized by financial institutions as a critical element as they review their risk operations. This Briefing, produced by A-Team Group on behalf of Sybase, gives some insight into issues surrounding the creation of a standard enterprise-wide data architecture and offers guidance on how a risk ecosystem can be achieved. Download your free copy below.
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07 May 2009
 
Business Entity Identifiers - The Crucial Foundation for Accurate Risk Management (Japanese Version)

New Japanese translation of this white paper is available for download below. To download the English version, click here.

Written by the editors of A-Team Group, commissioned and sponsored by Standard and Poor’s

As the financial world continues to grapple with the fallout of the credit crisis, one thing is clear: managing risk is now paramount to the surviving financial institutions. But you can’t manage what you don’t know.

Many financial institutions have been caught in the current environment through a lack of awareness of their true exposure to risky investments, and ultimately to those entities which defaulted, leading to record losses and write-downs across the industry.

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05 May 2009
 
Algorithmic Trading Directory - 2009 Edition

Available to Download for Free Now! (Scroll down)

The Who, What, When and Why of the Algorithmic Trading Universe

The A-Team Algorithmic Trading Directory - 2009 Edition is now available for download–with updated information and more profiles. The Algorithmic Trading Directory is the industry’s only reference for professionals active in the algorithmic and electronic trading community. The directory provides an easy-to-use guide to help buy-side professionals understand the algorithms on offer from their brokers and other trading counterparties and suppliers, where to find them, and who to talk with about them.

The Algorithmic Trading Directory lists algorithmic trading services offered by brokers, investment banks, and other sell-side financial institutions to their buy-side customers, in the form of detailed profiles of the firms’ electronic trading service offerings. Each profile features descriptive information on the proprietary algorithms on offer, including analysis of who should be using them, under what market conditions and to what end.

The Directory also includes a guide to the various forms of generic algorithms used and offered by major sell-side players, definitions of key terms, and abstracts of relevant articles with A-Team analysis.

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22 Apr 2009
 
New York Federal Reserve Poaches Citi’s Bottega as Chief Data Officer for its Markets Division

John Bottega’s no show at last year’s FIMA London event was noted by many and there was much speculation at the event that he was soon to leave his post as chief data officer for Citi’s Institutional Client Group. Reference Data Review can now indeed confirm that Bottega has moved onto pastures new: he has taken over as chief data officer for the New York Federal Reserve’s Markets Division.

Bottega was with Citi for a total of three years and has been a stalwart campaigner for the reference data world over the last 25 years. His appointment as chief data officer for Citi represented the first time a financial institution had created a c-level data executive position: a significant achievement indeed.

At Citi he was responsible for planning and managing the division’s data strategy, policies, line functions and data investments and working closely with Citi’s Global Infrastructure Conversion and Alignment Program (GICAP) team, Corporate and Investment Banking (CIB) Technology and the CIB Data Council.

Prior to this, he worked for financial institutions including Credit Suisse, Merrill Lynch and Lehman Brothers. At Credit Suisse First Boston, he headed up a global team within the Strategic Core Services Division, which was responsible for the acquisition, storage, management and dissemination of product and price reference data.

Before Credit Suisse, Bottega worked at Merrill Lynch, where he served as product manager for the firm’s Product Master Environment, responsible for the development of specifications, design and strategic planning for the firm’s reference data service solutions.

Although he has changed institutions, Bottega will retain his role as chairman of the board for the EDM Council.

02 Mar 2009
 
Business Entity Identifiers - The Crucial Foundation for Accurate Risk Management

Business Entity IdentifiersThe English version of this white paper is available for download below. To download the Japanese version, click here.

Written by the editors of A-Team Group, commissioned and sponsored by Standard and Poor’s

As the financial world continues to grapple with the fallout of the credit crisis, one thing is clear: managing risk is now paramount to the surviving financial institutions. But you can’t manage what you don’t know.

Many financial institutions have been caught in the current environment through a lack of awareness of their true exposure to risky investments, and ultimately to those entities which defaulted, leading to record losses and write-downs across the industry.

There is an immediate and pressing requirement from financial institutions for a usable global enumeration standard for business entity identifiers. Getting risk management houses in order is a clear driver, but this also comes against the backdrop of the anticipated onslaught of new regulations that financial institutions will have to contend with, along with the ongoing need to improve operational efficiencies, reduce errors, and reduce costs.

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27 Feb 2009
 
Smart Order Routing: The Route to Liquidity Access and Best Execution

Download this special report for FREE now! Click the link below.

sor-cover-smallThe ongoing turmoil in financial markets is creating a tough time for European trading technologists and connectivity specialists. As MiFID slowly grinds its way through the marketplace, new execution platforms are launching on what feels like a weekly basis. The European marketplace is seeing liquidity fragment – perhaps more slowly than some would have predicted or would like – between established primary exchanges and an array of new execution platforms, including multilateral trading facilities, broker-sponsored dark pools, independent dark pools and combinations of the above.

It’s finally dawning on the European market that to get access to this liquidity requires some smarts. And many are turning to smart order routing (SOR) technologies to provide that smarts. Some market practitioners have drawn upon their experience in the US, where SOR has been a required capability for some time. As ever, though, they’re finding the realities of the European market a tad more complex. Part of this complexity involves the lack of a single currency – and its impact on fungibility – and of a single clearing agency, like the DTCC in the US.

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30 Jan 2009
 
Blog World: Thinking Out Cloud

Thinking Out Cloud is written by Geva Perry of Gigaspaces Technologies, and you can read it here.

12 Jan 2009
 
FIMA 2008: The Video

A-Team group takes the temperature of the reference data community at FIMA in London earlier this month. Find out what guests at the Avox drinks reception had to say about the current market conditions and their hopes for 2009.

26 Nov 2008
 
AsiaMarketsIT.com Special Report: Liquidity Access in Electronic Asian Markets

Download this special report for FREE now! Click the link below.

The trading environment in Asia is strikingly different to the US and Europe, given the often vast differences between domestic regulations and market practices. This lack of harmonisation across the region proves problematic when attempting to determine concepts such as best execution and this is holding back the development of electronic trading to some extent. Moreover, the fact that the Asian stock exchanges have traditionally been very protective of their own markets and tend to be domestically focused has not helped matters. When the environment is one country, one execution venue, the incentive is much lower to adopt electronic trading methods and processes.

However, despite these drawbacks, the Asian markets have witnessed a lot of technological progress over the last few years. Many markets have started to open themselves up to direct market access and the participation of foreign institutions in these markets has driven forward change. This is particularly the case in markets such as Hong Kong, Singapore, Japan and Australia, which are often dubbed the tier one Asian markets.


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24 Nov 2008
 
Reference Data Review Special Report: Enterprise Data Management

Download this special report for FREE now! Click the link below.

The current financial crisis has highlighted that financial institutions do not have a sufficient handle on their data and has prompted many of these institutions to re-evaluate their approaches to data management. Moreover, the increased regulatory scrutiny of the financial services community during the past year has meant that data management has become a key area for investment.

But given that IT spend is down as a whole, how is this impacting the implementation of enterprise data management (EDM) projects? Is strategic investment in particular areas of the processing chain with regards to data taking priority over wider EDM implementations?

The EDM Council celebrated its third anniversary this year and it has achieved some level of success in the industry in the past three years by providing data management with the attention it deserves. However, despite the progress in getting people talking about data at an abstract level, a report by the EDM Council earlier in the year indicates that EDM is still not on the C-level radar. According to the report, data management has a heightened prominence and is more mature than it was three years ago, but it is still seen as a tactical problem.

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18 Nov 2008
 
Stac Releases Test Results for Real Time Linux Technology

Stac has released test results involving real time Linux technology and a market data workload. Red Hat, IBM and Intel asked Stac to measure the performance of the Reuters Market Data System (RMDS) 6.x with the following other stack layers:
• Red Hat Enterprise Real Time MRG
• IBM BladeCenter with HS21 XM Blades
• Quad-Core Intel Xeon E5450 (”Harpertown”) CPUs
• 10 Gigabit NICs from Chelsio Communications, without client-side acceleration enabled
• 10 Gigabit Ethernet switch from Blade Network Technologies

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10 Nov 2008
 
Reference Data Review - Issue 69 - October 2008

  Reference Data Review - Issue 69 - October 2008 (1.5 MiB)
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16 Oct 2008
 
Intelligent Liquidity Access - Navigating the fragmented liquidity landscape

Written by the editors of A-Team Group, commissioned and sponsored by Fidessa

Intelligent Liquidity AccessLiquidity is fragmenting rapidly as new execution venues unveil compelling alternatives to traditional exchanges . More and more financial institutions are deploying integrated, smart order routing platforms for connecting to the increasingly broad diversity of trading venues, locating liquidity across markets, and executing on that liquidity quickly and efficiently.

The more innovative firms have been quick to realise that early adoption of high-performance trading platforms that incorporate these smart order routing technologies will allow them to swiftly consolidate their market position.

But deploying a platform that meets these requirements is not a trivial task. This Briefing offers guidance on the key factors that should be considered by financial institutions planning to build their own trading platform or evaluating the myriad of vendor systems on offer.

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13 Oct 2008
 
Reference Data Review Special Report: Corporate Actions

Download this special report for FREE now! Click the link below.

RDR: Corporate ActionsCorporate actions has been a popular topic of discussion over the last few months, with the DTCC’s plans for XBRL and ISO interoperability, as well as the launch of Swift’s new self-testing service for corporate actions messaging, STaQS, among others. However, it has not been a good start to the year for many of the corporate actions processing vendors and the market is reflecting the general economic downturn, with many vendors reporting drops in profitability.

This special report brings together contributions from key players, along with A-Team’s own commentary and insight on corporate actions.

Download: RDR Special Report: Corporate Actions  RDR Special Report: Corporate Actions (1.7 MiB)

16 Sep 2008
 
OTC Valuations Research Report

OTC Valuations: Pricing Assets in the Post Credit Crunch World

OTC Valuations ReportA-Team’s OTC Valuations research report is the industry’s only guide to the complex business of valuing assets.

The industry is reaching a perfect storm of circumstances that are ensuring valuations become an essential part of every financial institution’s plans and more importantly, budgets! The scale of the credit crunch, the resultant regulatory scrutiny being focused on financial institutions, and their renewed focus on proactive risk management, are all coming at a time when OTC instruments have become ever more complex and therefore more difficult to price.

Find out about the pros and cons of valuation methods, how decision-makers across financial institutions are handling this challenging area, and what the data vendors strengths and weaknesses are in their offerings.

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05 Sep 2008
 
OTC Valuations Report - Order Form

Use this form to order the report.

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05 Sep 2008
 
Reference Data Review Special Report: Entity Data Management

Download this special report for FREE now! Click the link below.

RDR Special Report: Entity Data ManagementEntity data management has historically been a rather overlooked area of the reference data landscape, but with the increase focus on managing risk, the industry is finally taking notice. It is now generally agreed to be critical to every financial institution; although the rewards for investment in entity data management appear to be rather small, the consequences for getting it wrong are severe. Settlement, legal, financial, regulatory and reputational risks are all inherent in a failure to properly manage entity data.

Risk mitigation has become the key driver for change in this current economic climate and entity data plays a significant part in this. The emergence of golden copy logic and enterprise data management in the entity data space is a positive step forwards for the industry with regards to better data management. Financial institutions are continuing to invest in improving their entity data management and the vendors in this space have stepped up to the plate to provide more integrated services. Connectivity and integration have become important buzzwords for the entity data landscape.

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23 Jun 2008
 
Liquidity Discovery in Post-MiFID Europe

Written by the editors of A-Team Group, commissioned and sponsored by Skyler Technology

Skyler BriefingThe EU’s MiFID regulation is forcing major changes in the European financial services industry, creating new competition to existing market structures. In the post-MiFID environment, liquidity will no longer be ‘sticky’ but will roam the marketplace in search of the best deal.

This situation presents both a challenge and an opportunity for financial institutions. Forward-thinking institutions stand to gain market share by investing in liquidity discovery solutions in order to exploit the fragmenting marketplace. Those deciding against embracing the change do so at their peril.

This A-Team Industry Briefing examines how MiFID is changing the face of liquidity in Europe and shows how a liquidity discovery solution can turn the challenge into an opportunity.

Please note: By downloading this briefing you agree to let A-Team share your contact details with Skyler Technology.

  Liquidity Discovery in Post-MiFID Europe (496.6 KiB)
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03 Apr 2008
 
Disparate Markets and Complex Trading Call for Smarter Exceptions Management - Contributed by Coexis

Disparate markets and complex trading call for smarter exceptions management, argues Donal O’Brien, business development director of Coexis.

If Societe Generale’s reference data systems had been a bit wiser to the activities of its users, could the actions of Jerome Kerviel and the French bank’s subsequent £3.7bn loss have been avoided? The need for increasingly complex interactions between central reference data and distributed transaction processing systems is driving many banks and brokers to re-evaluate their processes. But it’s only through the application of intelligent exception management, sometimes known as straight through exception processing (STEP), that they can really grasp the nettle.

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02 Apr 2008
 
Podcast - Derivatives, Structured Products and EDM

Podcast GraphicWelcome to ReferenceDataReview.com’s latest podcast! Periodically we bring you brief audio updates on what’s happening in the world of reference data.

In this episode:

How can financial institutions leverage their investment in Enterprise Data Management to help them cope with the operational challenges of complex derivatives and structured products?

Thea George, Editor of Reference Data Review newsletter hosts a debate with Gert Raeves of GoldenSource and Maryann Houglet of A-Team Group, covering:

  • The data and data management challenges created by investment in complex derivatives
  • What the data vendors and data management vendors are doing to help
  • How EDM can support risk management in the post-subprime marketplace

Running time: 11 minutes 20 seconds

Click the play button below to listen now:

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02 Apr 2008
 

 

Monthly A-Team Insight
A-Team's flagship news and analysis publication, with the best of A-Team's coverage of the Electronic Trading, Low-Latency Connectivity, Market Data, Reference Data and Risk Management Technology segments. With in-depth features and interviews with key newsmakers, A-Team Insight gives busy financial IT executives all they need to know to stay on top of our fast-moving industry.
 
Photos from: Winning Strategies for Deploying Low-Latency Technologies – New York City, November 17, 2011
08 Dec 2011
Photos from: Data Management for Risk, Analytics and Valuations – London, October 17, 2011
26 Oct 2011
VIDEO: Omgeo's Freeman on the Changing Dynamics of the SSI Space
10 Oct 2011
 
ING Expands Use of Quartet FS' In-Memory Analytics Solution Across the Bank
09 Feb 2012
Andrew's Blog – NYSE's Schaedel Heads for the Beach
09 Feb 2012
ConvergEx Group Appoints Laura Ryan Sales Manager of Asia for the Eze OMS?
09 Feb 2012
Serge Minne Named CEO of Wolters Kluwer Financial Services' FRSGlobal Unit
08 Feb 2012
Pricing Partners Joined APVIF, French Financial Instruments Valuation Providers Association
08 Feb 2012
 
A-Team Insight Events

A-Team Insight Events combine A-Team's expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners. In 2011, a quality constituency will once again gather for these focused events in London and New York City.

Click here for more information

 
 

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