https://tabbforum.com/opinions/financial-research-the-final-frontier-for-fintech-innovation/ Rowland Park - Of course, Refinitiv (formerly known as Reuters) and Bloomberg terminals have been a mainstay of trading desks for decades, but now firms are using algorithms to transform headlines into data which can be utilized by both human traders and algorithms, to drive trading decisions. ... The volume and lack of innovation in the world of financial research means that it is very difficult for market participants to effectively handle and consume the information they are receiving, leading to less-effective outcomes. ... The opportunity now is to use smart technology to transform the liability of information overload in financial research into the asset the analysis was designed to be in the first place.
https://www.marketscreener.com/MORNINGSTAR-INC-10068/news/Morningstar-Announces-Planned-Acquisition-of-Financial-Planning-Software-Provider-AdviserLogic-29508330/?utm_content=20191103&utm_medium=RSS PRNewswire - "Morningstar believes in the value of financial advice, and we share a common mission with advisers to empower investor success. We're excited to expand our ability to support advisers at a critical time for the industry by welcoming AdviserLogic into the Morningstar family," said Jamie Wickham, managing director of Morningstar Australasia. "Financial planning software is at the heart of the advice process. Combined with Morningstar's deep data, analytics and research, AdviserLogic's focus on user experience and advice workflow will enable us to elevate and differentiate our technology solutions for advisers—to support them in running an efficient and compliant practice; and deliver improved outcomes for their clients."
http://www.globenewswire.com/news-release/2019/10/31/1939059/0/en/InfoReach-Unveils-HiFREQ-Strategy-Backtesting-and-Scenario-Testing.html InfoReach - The New HiFREQ Strategy Testing Framework Allows InfoReach Clients to Evaluate Performance and Validate the Behavior of Trading Strategies
https://tabbforum.com/opinions/cat-resurrects-the-age-old-question-build-vs-buy/ Alex Rabaev - Overall, in-house built solutions are not replaceable, but it may be more practical to consider outside solutions. The decision is never one dimensional and never in the moment, as it will transcend scope and time. Your decision should balance practical short-term considerations and long-term strategy/vision.
https://tabbforum.com/opinions/quality-market-data-signifies-digital-asset-market-maturation/ Thomas Chippas - This BitWise report stated that 95% of exchange volume is fake, underscoring the need for improved digital asset market data. Similar to any other traditional commodity, a digital asset market needs quality data, too.
https://tabbforum.com/opinions/4-steps-to-successful-cat-onboarding-and-certification/ David Campbell - Where is your firm in the onboarding process right now? Have you read all the documents and signed all the necessary legal agreements to gain entry into the CAT testing environment? Have you determined your default reporting ID? Have you begun to assign your account administrators for CAT? Have you signed up your reporting agents? And most important: Will you be ready for industry testing when it starts on Dec. 16, 2019?
https://tabbforum.com/opinions/on-the-cost-of-free-trades/ Don Ross - Our markets, you see, were not built for institutions. They were built for the little guys – guys with little orders. We have complex and costly market-linkage and order-handling rules to protect their orders.
https://tabbforum.com/opinions/best-execution-in-the-us-3-things-broker-dealers-need-to-think-about/ John Jannes - Here are three key takeaways that broker-dealers need to think about. 1. Now is the time to have conversations with your downstream brokers and venues. 2. Start gathering the required look-through data. 3. Understand the two options to obtain and process downstream execution data.
https://tabbforum.com/opinions/the-case-for-payment-for-order-flow/ Larry Tabb - It is certainly not a good idea to only route orders to markets that pay the highest rebate or charge the lowest fee, but this is difficult to regulate. Firms are generally governed by best-execution policy, which in the US focuses on obtaining a price for the client order that is at, or better than, the best bid or offer in the market.
https://tabbforum.com/opinions/survival-of-the-fittest-modernizing-capital-markets-infrastructure/ Monica Summerville - A common approach to data architecture in financial services has been to utilize a data technology stack comprising a collection of approaches – for example, historic data in a relational database, recent data in a columnar database, and real-time data in some sort of event processing software engine. To obtain a consolidated view, connections must be made directly to various systems; an approach that gets increasingly complex over time.