Sean Sullivan – How prevalent is it? A study conducted by research consultancy Opimas predicted that by 2020, 20% of buy-side firms with more than $50 billion AUM will outsource some portion of their trading operations.
Steven Chen – FactSet primarily derives its revenue from subscriptions to products and professional services such as workstations, analytics, enterprise data, research management, and trade execution. This business model is attractive from multiple perspectives – it provides highly predictable sales streams, strong cash generation, economic moat, and high scalability.
VINOD SUKUMARAN – “Agile Documentation: Balancing Speed and Knowledge Retention” For many project managers, it’s not a big stretch to understand how the Waterfall phases are turned into sprints—the same work is accomplished; it’s just organized in a different way. However, the removal of most documentation is a harder pill to swallow as it underlines a completely different way of working. It requires loosening the reins of control, embracing the unknown, and empowering the delivery team to make decisions on the spot.
Additional added October 4, 2019
What Is Agile Methodology: A Primer On Moving Fast
Chris Skinner – Citi has backed 4 blockchain, 3 capital markets, and 3 payments & settlement startups since 2017. Generally, these investments fit into the banks’ larger strategy of building open banking infrastructure. In March, Citi announced plans to build a “digital consumer payments business for institutions,” and there are rumors Citi may launch a Banking-as-a-Service platform.
Juan Diego Martín – The truth is that while there is no perfect policy when it comes to mobile usage on the trading floor, there is technology that can at least shed some much-needed light on this modern day grey area of risk for financial institutions.
Sean Sullivan, LiquidityBook – There is no question that Wall Street is a far more transparent place today than at any point in history. Generally speaking, broker-dealers are well aware of the pricing models employed by the exchanges, investment managers know how and for what their brokerage counterparties charge, and end investors can see exactly what fees they are incurring. For trading in particular, there is now a tremendous amount of data – some of it mandated by regulators, and some driven by market forces – around order routing that only a few years ago would have been nearly impossible to obtain. But even as the industry continues to laudably move forward on this score, one area has remained stubbornly opaque for far too long: the transactional connectivity fees charged by some OMS and EMS vendors.