Latest Commentary

Nasdaq launches index calculation engine as Deutsche Borse seeks full control of Stoxx, Indexium

Announcements from two major exchanges Tuesday pointed to the growing importance of indexes as a revenue generation tool for marketplaces. The announcements from Deutsche Borse and Nasdaq follow London Stock Exchange's recent acquisition of the Russell Indexes.

Should financial firms manage their own AML/KYC?

It is estimated that global systemically important banks spend hundreds of millions of dollars on anti-money laundering compliance. As is often the case with large financial institutions, the challenge of managing data in one of the most arduous and costliest parts of the process.

 

IBM support of Apache Spark may give a speed boost for big data analytics

IBM's announcement of the massive support it is throwing behind Apache Spark gives additional strength to the big data analytics movement. By backing the open source Apache Spark project, IBM is not just stepping deeper into big data analytics, but it is recognizing the importance of processing speed in completing the big data picture.

BNY Mellon, BlackRock have big data top of mind

A recently published BNY Mellon paper on big data compares the finance industry to Rockefeller's Standard Oil: it generates and stores the raw materials of data but refines only a small portion of it for use. With technology supplying the tools and shrinking margins providing the motivation, the industry now has the opportunity to grow that portion, and widen the scope of insight it can get from the industry, according to the paper.

Financial firms trail other industries in cyber threat remediation, study shows

Is the financial industry's strict culture of compliance to regulatory procedures slowing its capacity to remediate cyber threats?

 

Proposed rules for asset management reporting a mixed bag for industry

Different elements of the Securities and Exchange Commission's proposed rules for overhauling asset management reporting will likely both add and reduce costs and effort for the industry. Industry experts say it is still too early to tell how much new costs of systemic risk reporting and benefits of standardized electronic report distribution will offset each other.

Is social media marketing morphing into visible banking?

In the visible banking paradigm, banks make themselves more visible across social media, and they use the medium to better understand their key influencers – both the supporters and the critics.

 

Cross-border issues continue to plague derivatives market

Last Thursday, EU and U.S. regulators met to try to harmonize rules regarding central clearing in the derivatives market. Despite the optimistic nature of the joint statement regulators released after that meeting pledging to work toward a summer full of resolutions on issues, most reactions seemed less upbeat.

With concerns mounting, Finra puts its big data CARDS project on hold

The Financial Industry Regulatory Authority has pressed the pause button on its controversial CARDS program, bowing to pressure from financial firms that have widely criticized the project.

Reference data's new role

Firms have long faced pressure to maintain clean, consistent and accurate reference data, critical for processing trades, and for managing events like corporate actions related to securities held in portfolios. A combination of regulations, technology and increasing trading volumes may be putting new pressures on reference data and in some cases changing how firms view and use it.