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Tag Archives: market technology

Utility Player: FIS’ John Avery Sees the Derivatives Utility as a Driver of Innovation Interview,Tech / HFT,Video

In June of 2015, SunGard, now part of FIS Global, launched its post-trade derivatives utility, which aims to standardize back and middle office operations and technology, with Barclays as its first customer. According to FIS’ John Avery, it is not about commoditization so much as specialization. “If we look at the clearing market as an example, firms are really there to provide their balance sheet and client service, and use that as a differentiation tool,” says Avery. “What we don’t see is a need for those same firms to maintain a book of proprietary technology.” In other words, banks and…

Navigational Beacon: NASDAQ OMX Group’s Hans-Ole Jochumsen Steering through Challenges Interview,Regulation,Tech / HFT,Video

A recurring theme at this year’s IDX London was navigating the many challenges facing the financial sector. In this video, NASDAQ OMX Group’s Hans-Ole Jochumsen talks to John Lothian News about three such challenges – exchange competition, allocation of technology resources, and the global regulatory environment. In June 2014, NASDAQ OMX NLX, the company’s platform for euro- and sterling-denominated interest rate derivatives, celebrated its one-year anniversary. The platform launched into a crowded exchange space at a time of ultra-low interest rates, which has certainly been a challenge. Though its volume and open interest have been growing steadily, and market share…