A-Team Insight Exchange is a new event series for 2010, which will combine A-Team’s expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners.

Risk management solution vendor Algorithmics’ decision to roll out First Derivatives’ Delta Reference Data Factory as its new core reference data engine (announced last week, see coverage here) was driven by a desire to reduce new client implementation times and to allow for a more plug and play approach to changing existing customers’ data feeds, according to Roger Orde, senior director of Algo Risk Service at Algorithmics. The vendors have been in discussions about a possible rollout for quite some time, around three years in fact, but these discussions only became serious within the last eight to 12 months, as Algorithmics felt the pressure of increasing client numbers on its in-house data management system.
By Neil McGovern, Director of Financial Services Marketing, Sybase
From January 2009 to January 2010, China’s stock markets bounded up by approximately 80%, India’s by around 60% and Hong Kong’s, Taiwan’s, Singapore’s and even South Korea’s markets all were up by 40% or better—while the US and euro zone markets were stuck at around 15%.
If further proof was needed of the importance of reference data management to the risk function (see coverage here, for example), the news that risk management solution provider Algorithmics has decided to invest in a new core reference data engine should provide it. Algorithmics has signed up for First Derivatives’ Delta Reference Data Factory, which the vendor acquired along with RDF back in October last year (see our coverage here), in order to feed its risk management systems with accurate, cleansed reference data.
Hedge fund start-up Galle Global Macro Partners has implemented Traiana’s Harmony solution for real-time foreign exchange post-trade processing and is working towards using the vendor’s latest developments in futures and equities post-trade processing.
In line with the marked increase in risk related regulation this year, many financial institutions have been compelled to step up their efforts in the space in order to be able to cope with the deluge of new requirements. Speaking at last week’s FS Club in London, Ed Duncan, global head of regulatory liaison and capital management at Barclays Capital, noted that his own firm has increased its risk resources over the last 18 months in order to deal with the challenges, which include pulling together the relevant risk and reference data from across vertical silos and legacy infrastructure.
Following the publication of the Committee of European Securities Regulators’ (CESR) consultation papers on MiFID earlier this year (see our coverage of the non-equity transparency paper here), industry groups have submitted their responses to the proposals, including providing feedback on the potential data costs and system requirements to cope with the changes. To this end, the British Bankers’ Association (BBA) and Xtrakter Transaction Reporting Working Group is one such group that has raised the issue of the “large start up costs and ongoing maintenance costs” of collecting client identifiers.
The resignation this week of Mark Redwood, head of Thomson Reuters Markets’ Sales & Trading unit, confirms Step 2 of the three-step CEO succession scenario we outlined back in March. But it appears that despite two of our three predictions coming to pass, Thomson Reuters will look outside the firm when it moves to name a successor to Markets head Devin Wenig when he assumes a role within Thomson Reuters corporate.
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Video: Andrew Delaney Talks to Atrium Network's Des Peck 29 Jul 2010 |
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A-Team Insight Podcast - July 2010 22 Jul 2010 |
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A-Team Insight Webinar (Recorded): Trading Beyond the Horizon 07 Jul 2010 |




















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