Shaping the future of finance
I mentioned that I spent last Friday morning with card fraud and security experts. The conversation began with a wide view of what’s happening, and a focus upon PCI DSS Standard 2.0, which is yet to be published. The Payment Card Industry (PCI) Securities Standards Council (SSC) have developed new versions of the PCI Data…
In the last of my blog entries on capital markets regulations and restructuring, I thought it worth mopping up best execution and global trading platforms, as these were referenced in the first item as a key part of future market change. Oh, and if you missed them, here are the previous blog entries: Part One:…
One of the big topics in capital markets is intra-day liquidity and post-trade transparency. Such discussions are far more noticeable now because the whole reason for this crisis, according to some, was the loss of trust between counterparties. That loss of trust was based upon counterparties not having enough liquidity to cover their positions. After…
I gave my first presentation for a while last week on capital markets and what’s top of mind. Here are the headlines of key areas of focus: High Frequency Trading (HFT) Dark Pools Best Execution Post-Trade Transparency Global Trading Platforms MiFID II I’ll review these areas in more depth during the week, and start today…
I had a reach out from Patrick Young, investment advisor, author of "The Exchange Manifesto" and regular commentator on capital markets. Patrick co-authored an opinion piece with Victor Papazov, the founder and former CEO and chairman of the Bulgarian Stock Exchange, in the Wall Street Journal yesterday. He's given me permission to reprint the article…
I just got this in my intray from Woodbine Associates, an American research firm that works with the exchange, broker/dealer, asset manager, hedge fund and technology vendor communities. It’s really interesting and talks about the impact the new American reforms, known as the Dodd-Frank Legislation, and how this law will impact the Capital Markets. Therefore,…
I had a couple of really interesting dialogues with bankers yesterday. The first was with a career banker who is now working with one of the New Banks on its launch. The second was with an Asian bank manager running his bank's UK operations. As I talked with both, they expressed their frustrations with the…
