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Getting big impact from big data | McKinsey & Company

Getting big impact from big data | McKinsey & Company | IT Finance | Scoop.it
New technology tools are making adoption by the front line much easier, and that’s accelerating the organizational adaptation needed to produce results. A McKinsey Quarterly article.
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Dave Pollak - Why hasn't Scala made greater in-roads into fintech? - Voxxed

Dave Pollak - Why hasn't Scala made greater in-roads into fintech?  - Voxxed | IT Finance | Scoop.it
Dave Pollak on the Lift Latest, and Scala as a Superior Systems Language. And Scala may be superior for fintech - so why does Java 8 come out on top?
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Risk and Regulatory Reporting: Centralization Is Not the Answer :: TabbFORUM - Where Capital Markets Speak

Risk and Regulatory Reporting: Centralization Is Not the Answer :: TabbFORUM - Where Capital Markets Speak | IT Finance | Scoop.it
How should banks evaluate centralized versus federated approaches to intensified post-crisis risk and regulatory reporting requirements?
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The bank business model for APIs: Identity

The bank business model for APIs: Identity | IT Finance | Scoop.it
As you may recall, the UK Government has for a while been looking at APIs in banking…
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The buy-side multi-asset trading desk tomorrow - Peter van Wely's blog - The Trading Mesh

The buy-side multi-asset trading desk tomorrow - Peter van Wely's blog - The Trading Mesh | IT Finance | Scoop.it
Peter van Wely is heading InfoReach Automated Trading EMEA and Asia, a global EMS and FIX provider, based in New York, Chicago and Amsterdam Now the crisis is
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Société Générale : comment la banque d'investissement passe au digital

Société Générale : comment la banque d'investissement passe au digital | IT Finance | Scoop.it
Cloud privé, clouds publics, réseau social d'entreprise, Big Data... Voici les grands axes de transformation digitale de la Société Générale Global Banking & Investor Solutions.
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Fixed income dominates buy-side tech spend in 2014 | thetradenews.com

Fixed income dominates buy-side tech spend in 2014 | thetradenews.com | IT Finance | Scoop.it

Buy-side firms spent more than US$12 billion globally on their trading desks last year, investing primarily in technologies and people, according to research from consultancy Greenwich Associates.

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Is Unhedged Call Options a Better Metaphor for Bad Code?

Is Unhedged Call Options a Better Metaphor for Bad Code? | IT Finance | Scoop.it
In a blog post on bad code and technical debt Steve Freeman described how Chris Matts came up with the metaphor of an unhedged call option for bad code. This post is being intensively discussed on Reddit and on Hacker News recently. InfoQ interviewed Steve and Chris about using metaphors for bad code and code smells, trade-offs and costs of low quality code, and responsibilities for code quality.
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La finance de marché n’a pas dit son dernier mot - Revue Banque

La finance de marché n’a pas dit son dernier mot - Revue Banque | IT Finance | Scoop.it
Pour Jeremy Rifkin, « un nouveau système économique entre sur la scène mondiale : les communaux collaboratifs ». L'auteur, gourou de l'économie collaborative et consultant à succès, prédit ainsi « l'éclipse du capitalisme », du fait de l'émergence du digital et d'une nouvelle forme de l'économie, celle du partage.
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The High Scalability blog has a post on how Bloomberg is using HBase to serve time-series data.

The High Scalability blog has a post on how Bloomberg is using HBase to serve time-series data. | IT Finance | Scoop.it

“Big Data” systems continue to attract substantial funding, attention, and excitement. As with many new technologies, they are neither a panacea, nor even a good fit for many common uses. Yet they also hold great promise. The question is, can systems originally designed to serve hundreds of millions of requests for something like web pages also work for requests that are computationally expensive and have tight tolerances?

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Europe  : le trading haute fréquence en chiffres

Europe  : le trading haute fréquence en chiffres | IT Finance | Scoop.it
L’European Securities and Markets authority (ESMA), l’association qui regroupe les régulateurs européens, s’est penchée à son tour sur le...
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Opinion: How Many ‘R’s Are There in Financial Services Regulation? | Reference Data Review

Opinion: How Many ‘R’s Are There in Financial Services Regulation? | Reference Data Review | IT Finance | Scoop.it

Throughout history, the letter ‘R’ has represented a succession of important codes of conduct.

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Joachim Nagel: How the Banking Union has transformed banks' IT requirements

Keynote speech by Dr Joachim Nagel, Member of the Executive Board of the Deutsche Bundesbank, at the 20th Handelsblatt Annual Conference on Banking Technology, Frankfurt am Main, 3 December 2014.

 

"All Digital - All Mobile - All Compliant", the motto of this year's annual conference on banking technology, points to the major challenges faced by the IT departments of financial institutions.

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La compétition entre régulateurs et l’efficacité de leurs interventions dans le secteur bancaire - PSE-Ecole d'économie de Paris

La compétition entre régulateurs et l’efficacité de leurs interventions dans le secteur bancaire - PSE-Ecole d'économie de Paris | IT Finance | Scoop.it
Pierre Boyer et Hubert Kempf Les activités bancaires se sont internationalisées dès le Moyen-Âge, lorsque les banquiers ont commencé à s’appuyer sur les réseaux de riches familles afin de déplacer des (...)...
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Stuff I Learned about Performance at LMAX Exchange

Stuff I Learned about Performance at LMAX Exchange | IT Finance | Scoop.it
Mike Barker shares lessons learned at LMAX Exchange: starting from a clean domain model is imperative and understanding the necessary trade-offs between performance and safety/generality/functionality.
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In finance, technology is a second-class citizen - JAXenter

In finance, technology is a second-class citizen - JAXenter | IT Finance | Scoop.it
In spite of its central role in banking, many financial employers see IT as a "necessary evil", says former NYSE programmer and clearpool.io director Dr. Jamie Allsop.
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Opinion: What Every Global Bank Should Know About Emerging KYC Solutions | Reference Data Review

Opinion: What Every Global Bank Should Know About Emerging KYC Solutions | Reference Data Review | IT Finance | Scoop.it
Banks must navigate the maze of regulations or face costly fines. Lee Forsyth, Global Lead KYC Consultant at Thomson Reuters, explains there’s a way through with new solutions.
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AWS at Trading Technologies | AWS Official Blog

AWS at Trading Technologies | AWS Official Blog | IT Finance | Scoop.it
Imagine having the opportunity to rebuild a complex, legacy-filled platform from the ground up, moving it from the desktop to the cloud in the process. Imagine being able to replace a complex upgrade model that mandated the use of separate source code branches for each customer with a single, cloud-based application. Sound like a challenge?
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Mayhem Erupts on Trading Floors After Swiss Central Bank Removes Cap on Franc

Mayhem Erupts on Trading Floors After Swiss Central Bank Removes Cap on Franc | IT Finance | Scoop.it
At 9:30 a.m. today, trading floors across the City of London erupted.

 

Outbursts of obscenities and confusion followed the Swiss central bank’s surprise decision to abolish its three-year-old policy of capping the Swiss franc against the euro, according to traders in London’s financial district. The U-turn sent the franc as much as 41 percent up against the euro, the biggest gain on record, a move that one trader estimated may cause billions of dollars of losses for banks and their customers.

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LCH.Clearnet converts cleared OTC commodities derivatives to futures

LCH.Clearnet converts cleared OTC commodities derivatives to futures | IT Finance | Scoop.it
LCH.Clearnet converts cleared OTC commodities derivatives to futures - Initiative responds to regulatory focus on increased market efficiency and transparency
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High-Frequency Trade and Market Performance :: TabbFORUM

High-Frequency Trade and Market Performance :: TabbFORUM | IT Finance | Scoop.it

High-frequency trading has transformed financial markets in recent years. We study the consequences of this development using a model with multiple trading venues, costly information acquisition, and several types of traders. An increase in trading speed crowds out information acquisition by reducing the gains from trading against mispriced quotes. Thus, faster speeds have two effects on traditional measures of market performance. First, the bid-ask spread declines, since there are fewer informational asymmetries. Second, price efficiency deteriorates, since less information is available to be incorporated into prices. A general tradeoff exists between low spreads and price efficiency. We characterize the frontier of this tradeoff and evaluate several trading mechanisms within this framework. The prevalent limit order book mechanism generally does not induce outcomes on this frontier. We consider two alternatives: first, a small delay added to the processing of all orders except cancellations, and second, frequent batch auctions. Both induce equilibrium outcomes on this frontier.

 
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Chain Of A Lifetime: How Blockchain Technology Might Transform Personal Insurance

Chain Of A Lifetime: How Blockchain Technology Might Transform Personal Insurance | IT Finance | Scoop.it

Blockchain technology's main innovation is an electronic public transaction record of integrity without central authority. Beside cryptocurrencies and distributed payment systems, blockchain applications could include areas of finance where a central, trusted third party has traditionally been used, trade reporting, depository receipts, escrow accounts or trade finance. Blockchains can contain set of documents, record assets and help to manage interconnected devices. Emerging applications, such as smart contracts and decentralised autonomous organisations, might in future also permit blockchains to act as automated agents.

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Rainer Voss ancien banquier d'affaires : "Les mathématiques jouent un rôle trop important dans le monde de la finance aujourd'hui"

Rainer Voss ancien banquier d'affaires : "Les mathématiques jouent un rôle trop important dans le monde de la finance aujourd'hui" | IT Finance | Scoop.it

Rainer Voss est le banquier d'affaires qui parle dans "Master of Universe", film qui raconte à travers son témoignage les dessous de la finance de marchés, la fameuse banque d'investissement qui s'est rendue célèbre aux cours des dernières années par de nombreux scandales.

J’ai eu la chance de le rencontrer lors de son passage à Paris et il m’a accordé cette interview. Son métier, les failles de ce système financier, de son mode de fonctionnement. J'ai voulu comprendre avec lui pourquoi et comment ce système avait connu des dérives. Quels étaient les ressorts des intervenants, comment pouvait-on aussi imaginer changer le système ?

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Technology Innovation Returns to Financial Services - Wall Street & Technology

Technology Innovation Returns to Financial Services - Wall Street & Technology | IT Finance | Scoop.it
Capital Markets Outlook 2015: Following a few years dominated by regulatory compliance and cost saving technology initiatives, financial organizations are finally investing in innovative technology and tools.
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Se positionner sur le supercycle des matières premières : les métaux stratégiques - Revue Banque

Se positionner sur le supercycle des matières premières : les métaux stratégiques - Revue Banque | IT Finance | Scoop.it

La forte demande des pays émergents et la hausse structurelle des coûts de production vont rendre certains métaux particulièrement stratégiques. Moins connus que le cuivre ou le nickel, ils n'en sont pas moins au cœur du nouveau tissu économique mondial.

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