Operations and Technology are Crucial to Self-Clearing Initiatives

By John Avery, director, client and industry engagement, the FIS Derivatives Utility John Avery of FIS takes a closer look at the critical role that derivatives operations and technology play in the self-clearing process, the options available, and the one model likely to offer the least amount of effort, risk and cost to firms making the move to self-clearing. It’s…

Utilities Look Beyond Fintech to Create Innovation in the Market

Fintech is more than just a buzzword. Fintech represents the innovation in services and technology that will disrupt business models, business processes and software applications in the coming years, in nearly every financial services business globally. Examples abound in digital strategy and transformation, blockchain and distributed ledgers, and more. But where do industry utilities fit into this exciting new world…

Why Hackers Hack Websites: Securing Your Website for Compliance and to Protect Your Business

With the upcoming cybersecurity requirements by the NFA and nearly every regulatory body overseeing financial service industry participants, it’s important to not only comply with cybersecurity regulations but to use this as an opportunity protect your business’ website. Many businesses believe their website isn’t important enough to require website security for the following reasons: My company is too small My…

Cyber Security

While attending the recent NIBA conference, we learned about new rules affecting our industry. Brokers will no longer be able to email client documents to their customers, clearing relationships, or service providers without being highly aware of their duty to protect client information from would-be hackers. This is big adjustment for the industry. Just as we adapt to the fluctuating…

Cybersecurity: A New Frontier for IBs and CTAs

The importance of cybersecurity has taken many industries by storm, and the futures industry is no exception.  Indeed, CFTC Chairman Timothy Massad has recognized cybersecurity as “the single most important new risk to market integrity and financial stability.”   The CFTC has been active in cybersecurity awareness for a couple of years, but the agency’s recent laser-like focus has made…

Cybersecurity: Before & After the Breach

Security breaches are quite prevalent in the media today. Many security experts feel it’s not a question of if your company will suffer a breach of your information, but when. A panel at the NIBA Annual Members Meeting recently explored this topic. Preparation for a potential event is key to being able to address it. Information Technology (IT) enterprises of…

Cybersecurity

Cybersecurity is the #1 issue on every financial professional’s mind in the fall of 2015. What risks should I be aware of? What safeguards can I put in place? What should I do if I’m breached? What will the NFA require? What will it cost? At the September 24 Annual Members Meeting in Chicago, two panels of experts will answer…

The Remarkable Growth of Options on Futures

Trading of futures options is growing rapidly and has widely been viewed as a market primed for expansion. While somewhat nascent compared to equity and index options markets, the Tabb Group expects futures options activity to grow strongly as financial market participants increasingly use these products as part of their investment and hedging strategies. Factors such as changing interest rate…

FinTech Exchange | April 23, 2015

On April 23, the inaugural FinTech Exchange, brought to you by Barchart OnDemand, in association with FinTEx Chicago, will take place in Chicago. Registration for this new, half-day event is limited to the first 400 attendees, so be sure to register early to save your seat!  You will have the opportunity to hear from over 20 leaders in Financial Technology…

Big Trends in Big Data:

Reprinted with permission from DePaul Business Exchange.  © 2014 by DePaul University Driehaus College of Business. All rights reserved.   Ninety percent of the data that exists in the world today has been created since 2010.   The consulting firm IDC predicts that by 2020 this digital universe will expand by a factor of 300, from 130 to 40,000 exabytes.…