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.
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Membership Has its Privileges: Business Entity Data FREE - A-Team Wire
Financial Regulation: Rules and Principles Part 2 FREE - A-Team Wire
Advancement in Risk Management Technology FREE - A-Team Wire
Financial Regulation: Rules and Principles Part 1 FREE - A-Team Wire
Effective Data Management: a Key Component of Risk Management FREE - A-Team Wire
Liquidity Risk – Are You Prepared? FREE - A-Team Wire
Clearing a Path to Effective Risk Management FREE - A-Team Wire
Just in Time: Current Trends in Risk Management Data Supply
By Marc Alvarez, senior director, Reference Data Infrastructure, Interactive Data
The global upheaval of the capital markets over the past few years has resulted in a wholesale, industry-wide effort to improve the risk management function. When looked at from the perspective of the data supply chain that services the risk management role, a major shift towards a near-time, event driven operating model is making itself visible. Risk managers are increasingly looking to operate on a ‘just in time’ basis in order to provide the most up to date measurement and analysis possible to their firms and their customers.
One View on Transparency
By Douglas Long, executive vice president of business strategy at Principia
Whether looking at structured finance operations within commercial banks, or the exposure of these portfolios on the wider enterprise, markets or economy, the crisis has demonstrated there is room for improvement for everyone at this time of transition.
Counterparty Risk Infrastructure in the Current Market
By Neil McGovern, product strategy director at Sybase
History may judge the failure of Lehman Brothers as the event that caused the most changes in financial services institutions in the credit crunch of 2007 to 2009. The failure of an institution that was never meant to fail, especially one such as Lehman, has changed attitudes to counterparty risk. Lehman Brothers seemed especially unlikely to fail, because as one of the Wall Street giants, it was thought to have the risk management systems and balance sheet management practices to weather any storm.
JWG-IT Implementers’ Corner: Caution, Deep Water
Originally appeared in MiFID Monitor
Two months after MiFID was implemented, those fishing in European waters had 122 venues on which to trade a European equity. Put into perspective, Europe’s equities ocean is as big as the rest of the world’s combined.
JWG-IT Implementers’ Corner: Mind the gaps … By PJ Di Giammarino, CEO, JWG-IT Group Limited
Originally appeared in MiFID Monitor
An industry-wide gap has opened up between new regulatory requirements and current trading infrastructure capabilities in a fragmented market. Today, there are 260 European execution venues and 35 of them trade the 1000 most liquid securities.
Transaction Reporting Post MiFID: How a Move to Standard Formats Would Make Life Easier Richard Young, Manager, Industry Initiatives and PMO, Swift
Originally appeared in MiFID Monitor
When preparing the Markets in Financial Instruments Directive (MiFID), the EU Commission was keen to underpin the new, more open cross-border trading environment with adequate levels of market supervision by regulators. As a result, MiFID also contained provisions setting minimum securities transaction reporting requirements for all investment firms with a reporting obligation.
JWG-IT Implementers’ Corner: Revenge of the Pink Panther: Where are you, Cato…?
Originally appeared in MiFID Monitor
In the Pink Panther movies, not only is the eponymous jewel flawed, but Inspector Clousseau has his housekeeper attack him unexpectedly when he arrives home. Are the parallels between this iconic ‘60s’ movie and firms data security something we can learn from, asks PJ Di Giammarino, CEO, JWG-IT Group Limited
JWG-IT Implementers’ Corner: How Will You Jedi Traders Use the Force? By PJ Di Giammarino, CEO, JWG-IT Group Limited
Originally appeared in MiFID Monitor
“The Force is what gives a Jedi his power. It’s an energy field created by all living things. It surrounds us, penetrates us, and binds the galaxy together,” said Obi-Wan Kenobi. OK, not many traders are running around dressed as Jedi today, but what binds their universe together is, in fact, data. Without the constant flow of market, reference and unstructured data, the financial services industry would cease to exist.
JWG-IT Implementers’ Corner: Go Ahead, Punk: Make My Deal By PJ Di Giammarino, CEO, JWG-IT Group Limited
Originally appeared in MiFID Monitor
It’s one thing to have a policy. It’s another to have a piece of paper signed by the client, and yet another to be working in the spirit and interest of what that paper says. Investment firms, often the topic for scriptwriters, might now feel less like Wall Street and more like Dirty Harry.
JWG-IT Implementers’ Corner: Thou Shalt Not Screw Thy Customer By PJ Di Giammarino, CEO, JWG-IT Group Limited
Originally appeared in MiFID Monitor
One has to look in many places to understand the new relationship between the customer and their investment firm post-MiFID. Best execution policies are a good start, but the terms of business and lists of venues buried on web sites must also be researched. JWG-IT has sampled 50 relationships and found that it is true that the vast majority of best execution policies are basic, outlining merely generic price and the nature of orders with no specific references to acceptable execution speeds or transparent cost information. The general approach has been to assert that the right trades will be executed despite a changing and uncertain environment.
JWG-IT Implementers’ Corner: Smarter Deals in 2008… Merry Christmas, Techies By PJ Di Giammarino, CEO, JWG-IT Group Limited
Originally appeared in MiFID Monitor
It may have been announced quietly, but it IS official – the EU capital market is now fragmented. As of this week, CESR lists more multilateral trading facilities (MTFs) than there are regulated markets (RMs). After adding the 13 systematic internalisers (a growing number but far lower than we expected), the total number of execution venues has climbed to 207 this month (at the time of writing).
Client Classification: Compliance Exercise or Business Opportunity? By Geoff Round, Ilog
Originally appeared in MiFID Monitor
The first milestone of MiFID implementation came to fruition on November 1 and following much discussion and deliberation, the vast majority of financial institutions have succeeded in reaching the compliance milestone. But in so doing, how many have missed potential profits, positioning and competitive edge that a strategic approach to MiFID compliance offers?
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Originally appeared in MiFID Monitor
Even before coming into force on November 1 2007, MiFID had become a catalyst for change in the financial markets. The anticipated abolition of concentration rules introduced the concept of competition between trading venues in many European markets. Furthermore, the advent of the MiFID best execution requirements calls for financial institutions to define an execution policy that explores a variety of trading venues in search of liquidity and best prices. As a result, over the past two years the directive has become a strong determining factor for all trading technology purchasing decisions.
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