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mikeohara's Blog

Bringing Predictive Intelligence into Trading Operations

July 23, 2014 by mikeohara   Comments (0)

By Theo Hildyard

We hear increasingly these days about how the focus of electronic trading is shifting from speed to intelligence. In fact, my previous blog post was about how it is essential for firms to be not only fast but also smart.

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Big Data takes the stage

July 1, 2014 by mikeohara   Comments (0)

Financial services firms are all grappling with similar operational, risk, and regulatory challenges, and trying to meet these challenges with tight budgets and resources. What can they do to gain a competitive edge, to innovate, and to grow? At the same time, bank management, clients, and the world have their attention firmly fixed on whether the banks will ‘get their houses in order’. So how can organisations respond with decisive strategic direction and invest in new programs of work with confidence?

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Higher hurdles for smaller firms?

June 27, 2014 by mikeohara   Comments (0)

Direct market access (DMA) forms a significant part of the market given the regulatory hoops and high fixed costs that a full exchange membership implies. While today large trading firms may let their existing memberships to smaller trading firms, similar to a company sub-letting spare office space, the current MiFID II discussion paper suggests that the well-established DMA model may face some threats. For example, ESMA wants DMA providers to apply to their DMA clients the same level of systems and controls which they themselves are subjected to by the exchange (discussion paper p.229). Also under the proposal, DMA users will be required to maintain an internal register of all their algorithms, similar to exchange members (discussion paper, p.235).

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