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Thursday, July 5, 2018

I Need Great Engineers, Not Robots

We don't need to focus on how robots will replace your data entry person, but rather we need great engineers, a flexible regulatory environment, and an agile team to provide the real migration path.

Monday, May 21, 2018

The Race for the Interface

What do you think will be the predominant interface for humans in 2030?

Tuesday, May 1, 2018

An Identity Crisis

How do we provide enough information about an identity (whether personal or machine identity) and maintain the ownership of it as the user or the approved custodian of the user's data?

Monday, April 2, 2018

Is Blockchain the Next Betamax Tape?

...when I’m asked about which Blockchain technology I think will prevail I’m reminded of the video recording industry war, and I want to present a different view. My answer to the question of which DLT will win, is "that isn’t necessarily the right question".

Monday, March 5, 2018

Occam's Razor or Super-String in Post-Trade Processing?

These multiple versions of the same trade sound good generally but cause major problems and cost in the post-trade processing world.

Thursday, January 25, 2018

What is a Trade? No, When is the Trade?

The concept of time can also be used when describing a trade. It's easy to define what you want to trade, for how long, and at what price, but we don't account for when the trade is.

Monday, January 15, 2018

Is Data Immutability Always Favorable on the #Blockchain?

Blockchain and DLT have the ability to synchronize data by locking it in and making it immutable and 'real' by all participants, but it depends on governance.

Friday, December 1, 2017

Stakeholder Anxiety

You can’t please everyone but if you stay the course, communicate your goals and actions, and provide an opportunity for honest feedback from your stakeholders, you will be okay

Monday, October 30, 2017

The Growing Chains of Legacy

The best way to gain new solutions to a problem is to have more people trying to solve it. The best way of making sure your platform is adopted is to make it open. The best way to do this in an affordable way is to use a distributed mindset.

Thursday, October 5, 2017

Technology Takes Aim at Post-Trade Black Holes

“People keep on asking me, ‘Zohar, what are you doing to help us make better reconciliations?’ And my answer is: I should reduce the need for reconciliations, not help you do better reconciliations,” says truePTS’ Hod.

Tuesday, October 3, 2017

Dark (Transparent) Connectivity

What is it that allows our systems to flow in a natural way? What are the forces that move data, trades, money, and other financial data between market participants? It’s middleware.

Wednesday, August 23, 2017

The Tiny Technical Elite vs. The Androids

Why can’t we tell which skills are going to make us automation sickness immune? The reason is, in my opinion, is that we can’t accurately forecast what the evolution of automation is going to be.

Monday, August 14, 2017

Video: truePTS Announces Voice AI Feature For Trade Capture

truePTS Annouces Voice Trade Capture Feature

Friday, August 11, 2017

Our War of Values Could Have a Chance For Peace in a Decentralized World

Depending on the right governance, decentralization of applications makes so much sense in terms of having the best type of model to grow and innovate.

Friday, August 4, 2017

It's All About Liquidity (In ICOs), Stupid

What I want to address is the lack of liquidity in the ICO market. This issue will haunt the Ethereum ICO market for some time until certain conditions appear which will support a liquid market on Ethereum.

Wednesday, July 26, 2017

Have We Stopped to Ask an Important Question-What Do We Want from the FinTech Industry?

Recent conversations around the healthcare reform have piqued my interest and prompted me to ask the question, “What do you want from FinTech innovation”?

Wednesday, July 12, 2017

The Day I Became A Miner

A born skeptic, I was completely dubious of the Ethereum concept, and that's because I never really understood it....but after some investing some time and doing my research in this area, I AM HOOKED!

Tuesday, June 20, 2017

Quantum Entanglement

Quantum Entanglement is the perfect Blockchain. It stands for two (or more) particles (ledger entries) which are being synchronized (perfect match on time stamp) in a perfect state....

Thursday, June 8, 2017

The Chain-Ability Effect

Blockchain proposes a great technological concept... but not a lot is being said about the macro concept that the technology stands for.

Wednesday, April 19, 2017

The Cost Conundrum

Cost cutting, price slashing, and organizational reductions are all major pillars in recent years of attempts to adjust performance to the new business environment. However, not all costs are the same and not all cost cutting measures are the right ones to make...we need to look at the factors that create different costs within the industry.

Tuesday, April 4, 2017

My 20/20 View of 2020

Many people in the financial industry are trying to prepare for or predict what the financial services sector will look like in 2020. Will artificial intelligence replace operations? Will performing financial functions occur in an instantaneous manner from the palm of our hands? Will there be enough disruption so that large banks will no longer exist? Maybe.

Monday, March 27, 2017

Last But at Full Blast

Sometimes, being last isn’t necessarily a bad thing.... what would be the implication as it relates to market infrastructure?

Monday, March 20, 2017

The Intersection of My Big Plans and Evolution

Strategic planning, maps to future features, and other long-term structured thoughts are great ways to set clear goals and visions on what is our future product. However, planning too much might take away from free-thinking associated with the natural evolution of our product. So, what is the right intersection of planning and evolution?

Monday, March 13, 2017

Can We Build a Perfect Platform With the Help of People We Don't Know

In the realm of the internet, dissemination of knowledge is no longer central making it possible to build complex platforms by working with freelancers and even people we do not know or will ever meet.

Friday, February 24, 2017

When You Say It's All or None, It's Usually None

Introducing change to a sleepy sector of an industry is challenging. Setting the pace of change and adoption towards it is even more difficult. Why is that?

Monday, February 6, 2017

Delegated Reporting in a New Regulatory Era – Does it Make Sense?

2017 brings the beginning of a number of impending reforms and regulations kicking in for the derivatives industry. One area that is being hotly debated is the need for delegated reporting. With these sweeping regulations comes a question from many buy-side firms, does it still make sense to delegate reporting?

Thursday, January 26, 2017

Timing is Everything- The Need for Back Office Speed

Millions, if not billions of dollars have been invested in front office technologies in the last few decades. Many of these investments were targeted at one area of trading which was to increase speed of execution. So, why not also invest heavily into the speed required for middle and back office functions?

Wednesday, January 11, 2017

Formats/Standards- A Disagreement

Data formats are crucial to financial organizations. It is important to standardize on a common language to integrate and interoperate between and within market participants.

Thursday, January 5, 2017

The Relationship Between Consumer Confidence and Innovation

Does high consumer confidence lead to a high level of innovation? I would argue that it does not.

Friday, December 2, 2016

How Would Trump De-Reg Affect My Business?

truePTS offers its clients innovations and improvements in trade processing and reporting, and I’m continuously asked about the “Trump Bump”. Will his deregulation efforts affect my business?

Tuesday, November 1, 2016

The case for a distributed republic

No, this is not another article about Blockchain or Distributed Ledgers! This post is all about rethinking workflows, implementing what is right in terms of technology and business logic, and ultimately reducing the complexity and hence the cost of current post trading workflows.

Monday, October 3, 2016

Confirm and affirm: the unnecessary steps to trade processing

“The confirmation/affirmation process refers to the transmission of messages among broker-dealers, institutional investors, and custodian banks regarding the terms of a trade executed for the institutional investor.”

Friday, June 17, 2016

Cost Saving Just Won’t Cut It Within the Financial Markets

Many new solutions for problems in the financial markets lead with statements of pride around how much cost is going to be saved by the solution. Given the latest trends in the financial markets— that have seen higher regulatory and operational cost structures and opposite lower revenue trends,— the cost argument is always greeted with enthusiasm from the market participants.

Tuesday, May 17, 2016

The Future of Fintech Infrastructure is Now

Our fintech world needs a serious  upgrade of its infrastructure. While new business models to dis-intermediate parts of the institutions that control the financial sector are exciting for the industry, these new models will take a considerable amount of time to be adopted, if at all.

Monday, May 2, 2016

Is Disruption In Fintech Always A Differentiator?

In recent years, the use of the word "disruptive" by startups has increased astronomically. Disruptive technologies, disruptive business models, disruptive investments; the list goes on. We’ve been shooting for the stars.

Monday, April 25, 2016

What came first? Chat or the Market Data Terminal?

Market data spending is certainly one of the top three expenditures in the financial world. With data complexity and sources only getting higher, financial institutions are looking to reduce costs, automate feeds, normalize disparate or repetitive data points, aggregate vendors and even commercialize internal data usage.