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Tag Archives: SunGard

Finding Opportunity: Peter Lenardos, CFO, Cinnober Says Growth and Profitability Are Coming Blog,Exchanges, OTC & Clearing,Feature

Cinnober has built its reputation in the industry as a pioneer and an opportunistic company that looks for new ways to address market needs. So in many ways it was not surprising the firm hired Peter Lenardos as its new CFO two weeks ago. With his background in investment research at Royal Bank of Canada and elsewhere, he has watched the industry from a specific lens that focuses on the financial condition of a company, as well as its strategic positioning.  When he got the call from Cinnober’s CEO Veronica Augustsson, he was ready to bring a different approach to…

Thesys vs. Goliath: That’s One Big CAT Commentary,Feature,Fintech,Regulation & Enforcement

Small company wins big with opportunity to build the Consolidated Audit Trail covering U.S. equities and options. FINRA, FIS, Cinnober, Thomson Reuters – what do they have in common? They are just a few of the 30 bidders who lost out on developing the Consolidated Audit Trail (CAT) to Thesys Technologies LLC, a subsidiary of the proprietary trading firm Tradeworx, founded in 2009. To develop and implement the CAT, Thesys partnered with IBM (which was a bidder on its own, too), as well Rosenblatt Securities and law firm Latham & Watkins. “You had some big tech companies that really understand…

The Solutions To All Your Post-Trade Problems Feature,Video,video

The post-trade clearing space is full of new entrants and innovation from incumbents. Firms are looking at everything from collateral management to new back office systems to finding new efficiencies to real-time reporting with current back office systems. John Lothian News spoke with six professionals at the FIA IDX 2017 conference in London earlier this month about solutions to key challenges in the post-trade space today. We first spoke with them about their key problem. JLN spoke with Clive Furness, managing director, Contango Markets, Collin Platt, co-founder, Dpactum, Jaki Walsh, chief product officer, Sernova, John Avery, director, client & industry…

The Problem With Post-Trade Is… Feature,Video,video

The post-trade clearing space is full of new entrants and innovation from incumbents. Firms are looking at everything from collateral management to new back office systems to finding new efficiencies to real-time reporting with current back office systems. John Lothian News spoke with six professionals at the FIA IDX 2017 conference in London earlier this month about the key problem they see in the post-trade space today. We followed it up with their solutions to that problem. JLN spoke with Clive Furness, managing director, Contango Markets, Collin Platt, co-founder, Dpactum, Jaki Walsh, chief product officer, Sernova, John Avery, director, client…

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…

Alun Green, SunGard – The Technology Roadmap, 2015 Edition Blog

“We as human beings have not evolved to be very good at reading and writing.” Alun Green asks, “is the written word dying?” Perhaps dying is too strong a word, but Green makes an excellent point in that humans have walked the planet for millions of years, and only began using the written word within the past few hundred years – much too short a time span to have “evolved” to cope with the written word. Meanwhile, as technology continues to disrupt any and all human processes, our species may well revert back to the forms of oral and visual…

John Lothian Newsletter: Beware of the liquidity delusion; It still pays big to work on Wall Street; China futures market decimated by trading curbs John Lothian Newsletter,Newsletter

First Read Ackman: Bloomberg will run for president, and win Jeff Cox, CNBC Bill Ackman is known for going all-in on his investments, and he’s putting it all on Michael Bloomberg. jlne.ws/1McxRiu *****At yesterday’s Financial Services Summit in Chicago, hosted by McGladrey, the McGladrey chief economist Joe Brusuelas said Mike Bloomberg is making “real noises” about running for President. Please let that be true. ++++ Wall Street Ignores Summer of Trump; Wall Street sentiment on the presidential race mirrors betting venues more than polls. Zachary Mider – Bloomberg Julian Gingold, a stockbroker at UBS Group, has a simple formula for…

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…

John Lothian Newsletter: Hackers tapped a bonanza of data for traders, US says; Tougher bank rules hit bond market trading; Dark pools back in the dock as regulators scrutinise ITG John Lothian Newsletter,Newsletter

First Read Bits & Pieces: Homecoming By John J. Lothian My daughter Katherine and three scouts from my Boy Scout troop returned home safely from Japan yesterday afternoon. Being a super-active teenager, Katherine immediately went to marching band camp from the airport without stopping at home. Katherine had a great time meeting scouts from all over the world. This was the first World Scout Jamboree where the U.S. Boy Scouts of America brought girls along. The U.S. is only one of six countries that separates Boy Scouts and Girl Scouts. Katherine attended the World Scout Jamboree as a Venture Scout…