Watch Irene Aldridge discuss how technology changes financial services and what “Real-Time Risk: What Investors Should Know About Fintech, High-Frequency Trading and Flash Crashes” (Wiley, 2017) is all about.
By Irene Aldridge Big Data techniques transform the landscape of portfolio management analytics. The classic portfolio allocation framework developed by Markowitz (1952, 1959) suggests that portfolio returns can be dramatically improved if investors distribute their holdings across many different assets and, potentially, asset classes. Markowitz portfolio allocation theory suggests that investors benefit from distributing their
Paul Sweeney wrote in an article titled “Blazing Trails in Unexplored Financial Markets“: Steve Krawciw, a New York-based fintech startup executive asserts that “the business has matured and, yes, there have been defaults, but the business model for fintech has stabilized.” The author of “Real-Time Risk: What Investors Should Know About FinTech, High-Frequency Trading, and
By Irene Aldridge Adapted from Real-Time Risk: What Investors Should Know About Fintech, High-Frequency Trading and Flash Crashes, by Irene Aldridge and Steve Krawciw (Wiley, 2017) Recently, a frenzy to delay orders consumed exchanges. First came IEX, whose innovation was to delay all orders by 350 microseconds. Following IEX market share gains, reported here,
By Steve Krawciw Many companies today are collecting and then literally sitting on terabytes, petabytes (1024 terabytes) and even exabytes (1024 petabytes) of data. The data is often collected as “nice-to-have” information, but then left to languish on the company’s servers. While data storage technology is now sufficiently cheap to allow near-infinite data storage at
By Irene Aldridge While recent press in the U.S. (erroneously) reported the near-death of HFTs due to rising costs of fast communication and other new barriers to entry and survival and the industry, the press across the pond believes that HFTs are still taking over the U.S. markets and blames the HFTs for all the
By Steve Krawciw MiFID II is projected to take force in January 2018, and most financial institutions touching European financial markets will be subject to the MiFID II rules. MiFID II touches many areas of financial practice: trade execution, investor communication, risk monitoring and control, governance and reporting, as well as margining and fiduciary limits. Many
We are Number 1!!! Grateful to all!
By Steve Krawciw A race for Fintech innovation at the Big Banks is on. As described in detail in our new book, “Real-Time Risk: What Investors Should Know About Fintech, High-Frequency Trading and Flash Crashes” (Wiley, 2017), whoever is the first to streamline and speed up traditionally cumbersome processes via automation will reap the first rewards. The
We are tremendously excited and grateful to have our book named Number 1 New Release in Financial Risk Management by Amazon.com!!! Here is a close-up!