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Tag Archives: innovation

CQG Creates a Chief of Staff Position; Names Alli Brennan to Role Blog,Commentary,Fintech,Tech / HFT

CQG has created a new position to help execute their strategic business plan. The position is chief of staff, and for that position they selected Alli Brennan. She started in that role on May 1. Brennan’s rise at CQG is a product of her strong leadership skills, industry understanding and a knack for integrating data into the decision making process. She is not a seat of the pants manager, but a data driven change agent who understands the markets and the industry. “Alli will be responsible for the execution for our strategic business initiatives and to help align everyone around…

The CFTC and Fintech Innovation, Part 1 – Goals of LabCFTC Feature,Video

“Our chairman has articulated very clearly that you can’t be an analog regulator in an increasingly digital world.  So, our focus is on facilitating market enhancing innovation while ensuring market integrity.” On May 17, the CFTC announced the launch of its new fintech initiative, LabCFTC. The CFTC hired Daniel Gorfine, a lawyer with a background in financial policy who previously worked for a fintech company, to lead the initiative and become the CFTC’s Chief Innovation Officer on July 10.  Gorfine sat down with JLN to discuss how the CFTC plans to become a 21st century regulator.  

Innovation Is the Only Cure for Fragmentation; Deutsche Börse Reveals Three ‘Pillars’ of Its Pervasive Blockchain Integration; Index Funds Still Beat ‘Active’ Portfolio Management John Lothian Newsletter,Newsletter

First Read Cold as ICE: Sprecher asks UK, How much do you love me? In the battle for financial markets in Europe, exchanges would like some more communication about why they should stay in the UK. By Jim Kharouf To hear one exchange leader tell it, UK markets could use a little more love. At the 10th annual FIA IDX conference on Tuesday, ICE Chairman and CEO Jeff Sprecher said UK regulators have not communicated with ICE much about how they could work together and keep ICE Europe’s operations more firmly in London. In the wake of Brexit and the…

The future of futures markets: Exchanges looking to fail fast Blog,Commentary,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Mwiki

Andreas Preuss, deputy CEO, Deutsche Boerse had a show stopper. At the IOMA: World Federation Exchanges conference in Frankfurt on Friday, he said his exchange will have to speed up its business processes exponentially in the next two to three years in order to thrive. Implementing products and services from beginning to release will go from today’s 18 months to 4 days. Yes, you read that correctly. And no, no one in the audience was laughing. “The old way was seven months of iterations of prototypes,” Preuss said. “In the world I am aiming at, the business IT and operations…

Adena Friedman, Nasdaq – Exchanges: Drivers and Beneficiaries of Change Feature,MarketsWiki Education,MWEd,Video,video

“Today, exchanges are, at their core, technology companies as well as marketplaces.” Adena Friedman loves working with interns. After all, she began her career as an intern at Nasdaq a number of years ago. Now, she serves as the exchange group’s president and chief operating officer. So when she was asked to deliver a welcome address and opening talk at the MarketsWiki Education World of Opportunity intern event in July 2016, she jumped at the chance. Friedman inspired the group of young folks by offering a contemporary look at today’s exchanges, which are much more than a place where buyers…

Rob D’Arco, Rival Systems – Technology: the Center of the (Financial) World Blog,MarketsWiki Education,Video

“It’s an exciting time for technology in the trading industry. Never before has technology been so instrumental across all aspects of the financial markets.” When Rob D’Arco was tasked with the design of an options trading platform 15 years ago, he was admittedly nervous. Though his management consulting and technology background had prepared him for the assignment from a competency standpoint, he knew nothing about trading environments and trader mentality, aside from a few horror stories about working with traders and trading groups. In the end, he was pleasantly surprised by how easy it was to work with the traders,…

Patrick Thornton-Smith: Innovation – Cars and Fintech Blog,Commentary,Tech / HFT

The recent ‘Thompson Reuters 100 Global Innovators Study’ made some interesting reading. It made me think about how innovation principles from some seemingly unrelated businesses are interrelated, such as cars and fintech. Of the 100 firms in the Survey, 10 were from the automotive industry and I considered three background themes that supported the innovation claim. The first was around patents. No real surprise there as patents can turn great ideas into commercial successes. Look at the technological advances in hybrid and full electric power cars like Tesla that, initially, dominated the patent space in the sector. The floor to…

John Avery, SunGard – Financial Technology: An Innovative Career Choice Regulation,Video

“The cost to comply with all of that [post-2008] regulation has actually forced firms to reduce what they spend on revenue generating opportunities… That’s created a situation where revenue growth hasn’t been as dramatic or as aggressive as it has been in the past.” From incubators to hackathons, from the buy-side to the sell-side, fintech is consistently finding new places and avenues to develop. For John Avery of SunGard, that represents an opportunity to find technological solutions to industry-wide problems — the sort of redundant occurrences that drain a company’s coffers and employees’ time that could have been spent on…

Innovation Ecosystems: Unlocking real value through fintech innovation Blog,Financials,Tech / HFT

Steve Grob – Director of Group Strategy, Fidessa Barely a day goes by without another announcement from a Fintech startup that says it is going to do to capital markets what Uber or Airbnb have done to the transport and accommodation industries. Many of these initiatives are based upon the growing realisation that the central pillar of modern commerce, capitalism, is being morphed into something new based upon the possibilities presented by almost limitless digitisation, the sharing economy and a world of almost zero marginal cost. And yet for capital markets the journey looks much harder; not because they are…