Siemens profit takes a hit as the sector switches to renewable energy

 Siemens core industrial division reported that its quarterly profit fell as renewable energy continued to infiltrate its gas-and-oil business, on a global scale. Source: MarketWatch The closely watched industrial division at Siemens AG, which makes traditional power-generation equipment, recorded a 14% drop in profit in the three months to Dec. 31. Leading suppliers to the power sector,…

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Fintech takes on the front office

 Fintech has untapped potential to boost revenues at CIBs. Fixed Income pricing stands to benefit the most with tools currently in use that use real-time data to help bond traders decide when to transact and at what price. Source: The Banker Of the $30bn invested globally in fintech in 2017, just 6% went to primary…

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Electronic Bond Orders Spark Race to Develop Platform for $2.3 Trillion Market

Regulators and investors are suggesting increased transparency in primary issuance markets by streamlining the traditional trading process through an electronic trading platform. Source: Bloomberg A tussle is emerging between underwriters over who controls the levers of a $2.3 trillion market for new company bonds, with the U.S. as the chosen battleground. Tech firm Ipreo, jointly owned…

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Electronic Bond Trading Gains Ground

 The buy and sell side are shifting towards a computerized trading platform, as electronic buying and selling technologies are performing with greater precision and efficiency. Source: Bloomberg Electronic trading in the $8 trillion U.S. corporate-bond market is beginning to heat up. A shift toward computerized buying and selling has taken place over several years, and the…

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Buy Side Seeks Better Bond Data

 MiFID II best execution standards are forcing institutional investors to apply artificial intelligence to ensure they meet the growing demand for data and insight Source: MarketsMedia More than two-thirds of asset managers want to improve their data collection for bonds as regulations have introduced new transparency, reporting and best execution requirements. MiFID II, which came into…

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AI and big data’s great power comes with great responsibility too

 The emergence of big data and machine learning creates an information advantage. This advantage requires building systems that can rapidly integrate disparate data sources. Source: The Financial Times Quantitative investment managers always seek to use data in new and innovative ways. The emergence of big data and machine learning are simply an evolution of existing…

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Five reasons financial services professionals should move to Toronto

 Toronto’s Financial District is an untapped opportunity for the financial industry as Canada’s Big Five banks are gearing up to make Toronto the centre of fintech. Source: eFinancialCareers Whether you work on Wall Street or elsewhere, you may want to consider a move to Bay Street, the center of Toronto’s Financial District. Why? Here are the…

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The Bank of Amazon could attract over 70 million US customers within five years

 Bain & Co, estimate that Amazon is in the early stages of developing a banking service that would reduce transactional friction for their purchasing customers. The chequing account-style product means Amazon will forge a financial relationship with over 70 million customers over the next five years. Source: Finextra Bain and Co, estimates that a banking service…

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