The Future of SaaS in Capital Markets

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How has the cloud computing environment changed the delivery of software-as-a-service (SaaS)?

In the latest episode of Daly Post Podcast, Feargal O'Sullivan, the global head of alliances at NYSE Technologies discusses how adoption of open source, improved collaboration and new industry standards will make adopting SaaS a no-brainer for firms.

As a bonus topic, we also talk about the future of NYSE Technologies' Open MAMA API initiative.

Girding for Changes Under Dodd-Frank

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After a little technical difficulty, the third episode of the Daly Post Podcast is up and running on iTunes.

For anyone looking to jump on the podcasting bandwagon, be sure the system you are using is not one Wilco CD download away from maxing out your hard drive - enough said.

Thank you to the Tabb Group's Kevin McPartland for sitting down and discussing what buy- and sell-side firms can do in preparation for Dodd-Frank's final rules, which may be out as soon as September 2012 if all goes well.

Regulators and Suppliers to Drive IT Compliance Standards

A majority of recently polled European financial services and insurance executives, 57 percent, believe that they are now in the back seat when it comes to help shaping the upcoming regulatory standards and that regulators and suppliers will take the lead, according to findings by industry think tank JWG and published in a white paper sponsored by data center host Interxion.

What is a bit more surprising is that 48 percent of the respondents also believe that the regulators and suppliers will figure out the compliance standards within the next 18 to 24 months without input from the financial institutions.

It is doubtful that this would be strictly a punitive measure for the industry, but rather an admission that financial institutions do not have the available capital and bandwidth to meet all regulations coming out of Brussels and various other national capitals in a fast and furious manner.

CFTC Chilton Suggests Post-MF Global Fixes

During his morning keynote at this week's TradeTech conference in Manhattan, US Commodity Futures Trading Commission (CFTC) proposed a few market and regulation changes that will reduce the damage from firm failures and avoid another MF Global.

"First, we have to do a deeper dive in terms of regulation. We have to have to do the Tom Cruise 'show me the money,' rather than having the firms say they have the funds," says Chilton.

Next is to take a page out of the UK market's play book and let the client choose the level of risk for their funds deposited with firms.

"If they want their money just to sit there, they should have that choice," he says.

Finally, Chilton says that the futures markets should institute an insurance systems for clients of failed firms that would be similar to other markets.

Adapting to the Enterprise App Economy

How many of us have had enterprise software vendors that they plan to launch an Apple App Store-like offering in the "very near future" and that it will revolutionize how firms buy software?

Well, I am not biting. 

There are many things that Apple can teach the enterprise-size firms. However software purchasing is not one of them. 

Ever since Apple released its iTunes App Store for iPhones and high-end iPods, it raised the bar for all other software vendors in terms of intuitive user experience (UX) and pricing. The only problem is that it is focused strictly on the retail market.

Daly Post Podcast Update

Due to a sudden influx of work over the next couple of weeks, there's going be a bit of a delay in posting the third episode of the Daly Post Podcast. I'll be posting it on March 16, so please check back then.

Also, thank you for all of your support and constructive feedback on the first two episodes.