Articles by Dan DeFrancesco
Global Fragmentation Looms in FRTB Data Pooling Stand-Off
The upcoming FRTB market risk framework allows financial firms to take different approaches to non-modelable risk factors: either capitalize risk factors that lack observable pricing in-house, or use a vendor-run data pooling utility. But, as Dan…
Beware the Commodity Swap Data Swamp
Data quality for over-the-counter commodity swaps reported to swap data repositories, as mandated by the Dodd–Frank Act, has worsened since reporting began more than four years ago, with some blaming the CFTC, while others blame resistance by the SDRs to…
Slowdown Showdown: Exchanges Eye 'Flash Boys' Speed Bumps
Exchanges that objected to IEX becoming an exchange are now planning to introduce their own IEX-style "speed bumps."
Waters Wavelength Podcast Episode 69: AQR's CTO, Neal Pawar, on Engineers & Open Source
Neal Pawar, AQR's CTO, joins Dan and Anthony to talk about attracting talent, the future of open source, and his love of Liverpool football club.
One Final Pause Before an Exit
Dan offers some final thoughts on the divisive issue of exchange speed bumps as the curtain comes down on his Waters tenure and he prepares for pastures new, although not far away—he joins the Risk staff at the beginning of May.
Sell-Side Technology Awards 2017: Best Distributed-Ledger Technology Project—Synechron
There is no shortage of distributed-ledger technology (DLT) projects across the capital markets. Seemingly, every firm in the space has thrown its hat into the ring, working on some type of offering either internally, through a consortium, or via a…
Sell-Side Technology Awards 2017: Best Sell-Side Credit Risk Product—Numerix
Numerix maintains its crown among sell-side credit risk products, winning the best sell-side credit risk category for the fifth straight time in the Sell-Side Technology Awards. A vendor’s ability to hold its spot in the winners’ circle for that long…
Sell-Side Technology Awards 2017: Best Sell-Side Market Risk Product—FIS
There is no questioning the importance of banks having a proper risk management platform in place. However, the January 1, 2019, implementation of Fundamental Review of the Trading Book (FRTB) has made market risk platforms even more of a top-of-mind…
Waters Wavelength Podcast Episode 68: An Inside Look at IBM Watson
Marc Andrews of IBM sits down with Anthony and Dan to discuss the company's use of Watson for regulatory compliance and surveillance.
Slowdown Showdown: Exchanges Eye Speed Bumps
Three exchanges have filed with the SEC regarding implementing either a delay mechanism or order types similar to what IEX operates, following its approval as a national exchange less than a year ago.
Sell-Side Technology Awards 2017: Best Swap Execution Facility (SEF)—Tradeweb
Tradeweb has begun to build a dynasty at the Sell-Side Technology Awards, winning the best swap execution facility (SEF) category for the third consecutive year. The New York-based vendor has built a strong reputation thanks to its constant engagement…
Sell-Side Technology Awards 2017: Best Sell-Side OTC Trading Initiative—FIS
It’s been a year-and-a-half since FIS completed its acquisition of SunGard, but the deal continues to yield dividends, as the platform created by SunGard has helped FIS reach the winners’ circle in the best OTC trading initiative category. Front Arena, a…
Waters Wavelength Podcast Episode 67: A Farewell to Dan
Dan and Anthony talk about how technologists—and traders—are portrayed in TV and on the big screen, and just how accurate those portrayals are.
Ta Ta for Now: My Goodbye to Waters
Dan issues his final weekly editor’s letter before leaving for Risk.net.
OpenDoor Securities Launches All-to-All Platform for US Treasury Market
The new platform will focus on improving liquidity in specific segments of the US Treasury bond market.
Don’t Stop that CAT: Why the Industry Needs to Aggressively Push Forward with the Audit Trail
The need for the CAT to be a top priority.
Waters Wavelength Podcast Episode 66: Technologists & Film Portrayals
Dan and Anthony talk about how technologists—and traders—are portrayed in TV and on the big screen, and just how accurate those portrayals are.
'The Circle' Trailer Highlights Kool-Aid Mentality in Silicon Valley
Upcoming movie examines culture at large technology companies on the West Coast.
David Hoag Joins OCC as CIO
Technology executive with almost 25 years of experience in the space joins equity derivatives clearing organization.
Waters Wavelength Podcast Episode 65: Public Cloud Providers Battle for Dominance, The Rise of Artificial Intelligence
Dan and Anthony talk about Amazon, Google, IBM and Microsoft all battling for market share in the public cloud space.
Cutting Through the Hype: Finding the Difference Between True Innovation and a Good Use of Buzzwords
Tech executives’ ability to sort through bogus claims around new technology is more important now than ever before.
IEX Doubles Predictive Power of IEX Signal
Latest enhancement increases tool’s ability to predict price changes in market to approximately 26 percent.
Open Source, Cybersecurity, Fintech Relationships: A Look Back at the North American Trading Architecture Summit
Dan gives a recap of WatersTechnology’s biggest sell-side focused conference in the US.
Waters Wavelength Podcast Episode 64: Open Source, Cyber, AI – A NATAS Recap
Dan and Anthony discuss the North American Trading Architecture Summit.