Breaking News

Tag Archives: Technology

Paul McCormick, Opening City Doors – Finding your First/Next Financial Job Video

“There is a mismatch between the way companies like to hire people and the way graduates and young professionals like to get hired.” Paul McCormick has represented a half dozen of the biggest names in the banking world in his 30 years as a fixed income trader. Now he works as a graduate recruiter for Thomson Reuters, and also writes a blog, Opening City Doors, that helps graduates and young professionals find a place in the London financial scene. He says most companies’ recruitment flow charts run from the top down – internally, personal referrals, LinkedIn contacts, professional recruiters –…

CODE Red Blog,Commentary

Have you ever heard of Grace Hopper? Yeah; neither had I until last Friday, when I attended a private screening of CODE: Debugging the Gender Gap, followed by a panel discussion that included the movie’s director Robin Hauser Reynolds and several tech experts, including Trading Technologies executive (and MarketsWiki Education contributor) Katie Burgoon. The 90-minute documentary explores the shortage of female software engineers in the U.S. and abroad, and what can be done to narrow the gap. Grace Hopper, by the way, was a  Rear Admiral of the U.S. Navy and a pioneer in the nascent world of computer science…

Adrienne Seaman, CME Group – Legal Aspects of a Career in Futures Regulation,video

“Technology is at the heart of our business, particularly in these electronic days, so having a lawyer who can do financial services and technology without going white and feeling sick makes a lot of sense.” In 2008, Adrienne Seaman was looking for a change, for fear of getting “bored” in her job as a partner in a London law firm. As a lawyer with a degree in computer science, she was particularly well suited to join CME Group as it began its expansion in Europe. Two weeks after she joined, Lehman Brothers filed for bankruptcy, and the wheels of regulatory…

Take One: Data and Fintech Rocking The Free World Blog,Tech / HFT

Jim Kharouf

Over the past two years, market participants have bemoaned the monetization of data by the largest exchanges. CME raised the ire of the trading community last year with the increased data fees, especially at a time when many in the trading community were hurting from new regulation requirements, more technology investments to meet those demands, and a generally lousy trading environment with not a lot of movement in key markets. And there is the ongoing grumbling of traders that it is they who create the prices, not the exchange, and without them, there wouldn’t be any data to sell at…

Best of Both Worlds: Fidessa’s Steve Grob on Keeping Tech Costs Low Interview,Regulation,Tech / HFT,Video

With rapid changes in the financial industry, firms are challenged to keep their technology robust and resilient while at the same time being secure and compliant, says Steve Grob, director of group strategy for Fidessa, a London-based ISV that serves both the buy side and sell side. He spoke with John Lothian News at the FIA Boca conference about this technology balance as well as what companies like Fidessa are doing to address IT costs. “One of the things we’ve found with our customers is that owning the whole technology stack, building it themselves, is hugely duplicative for really very…

East and West: CME’s Gill Looks For Growth in Asia and Europe Interview,Regulation,Tech / HFT,Video

Forget the doom and gloom of years past in the markets. CME Group had a great year in 2014, even with the ongoing headwinds from the Fed’s ongoing freeze on interest rates and more regulation hitting the market-base, said Phupinder Gill, CME’s CEO, at the FIA Boca conference. “We saw double digit growth in fourth quarter across all six of the asset classes,” Gill said, adding that the exchange ended up handling about 13.7 million contracts per day for the year. “I’m very pleased to see that momentum from the fourth quarter continue into the first quarter of this year.”…

George Martin, Cheevers & Co. – Keeping The Human Element Tech / HFT,Video

“The human element is critical. There’s so much power in a handshake or a face-to-face meeting.” George Martin, trade support specialist at Cheevers & Co., discusses the importance of human interaction in the financial industry. Despite the fact that technology has moved a majority of trading activity from open outcry pits to digital screens, Martin stresses how human interaction is still a key element in the industry. He also gives a brief background of his own trading career, and recalls the state of the financial industry before the technology boom. Giving an example from his own office, Martin tells the…

Ray Cahnman, chairman, Transmarket Group – Me, Us & You: How Trading Works Video

“Opportunities today are even greater. Competition, however…is brutal. “ Ray Cahnman, chairman of Transmarket Group, begins his presentation with a list of books, movies and news stories he recommends that give a glimpse into the financial industry. He then discusses how he entered the financial industry and how the opportunities and challenges facing the industry have evolved. Cahnman remembers how trading used to be about the individual trader and how no one wanted to divulge their secrets to success. Today, trading has turned into a team effort, especially with the role technology is playing. Cahnman says that the trading ecosystem…

Veronica Augustsson, CEO, Cinnober – The Why & How of Technology Video

“If you don’t know the technology, you don’t really know what you can achieve. It’s when you combine the business knowledge and the technology that you achieve something special.” Veronica Augustsson, CEO of Cinnober, discusses the importance of tying together technical and business knowledge. Augustsson says that as a developer, one must not be easily discouraged when others tell them their ideas seem impossible. Knowing the capabilities of your technology will help generate new solutions to existing problems. Augustsson also touches on the importance of curiosity and why we should be driven by our curiosity to innovate and improve existing…