Celent Securities & Investments Newsletter, April 2013

Research Director's Point of View

We Are on the Hunt for Innovation

I appreciate author/speaker Malcolm Gladwell because he makes eccentric seem cool. "When we become expert in something, our tastes grow more esoteric and complex," he notes in Blink: The Power of Thinking without Thinking.

Secondly, he defends intuition. “We need to respect the fact that it is possible to know without knowing why we know and accept that -- sometimes -- we're better off that way.”

Over time, Celent's Securities & Investments (S&I) team has determined that clients need coverage of more than market trends and vendor analysis. Our clients want our intuition -- specifically around innovative new technologies and business models which can be applied to reinvigorate market segments and whole industries.

We are on the hunt for innovation in our industry, and the S&I team is augmenting our research agenda. We have launched reports that highlight key areas within S&I where innovation is leading to market disruption. These Innovation in Focus notes will be topical and quick hitting.

Since we think the S&I marketplace is diverse with interconnected and complex market segments, we will rely on our expertise to determine what is truly innovative. To paraphrase the US Supreme Court Justice Potter Stewart, we know innovation "when we see it." In terms of themes, we will discuss both innovative technologies and innovative business models.

We think clients will appreciate this augmentation to our agenda, which is why it is for your exclusive use.

We have already launched two reports of this type:

• Innovation in Focus: Electronic Trading Platforms in US Corporate Bonds
• Innovation in Focus: New Trading Models in US OTC Fixed Income Derivatives

Going forward, we will be issuing Innovation in Focus notes across capital markets, finance and risk, and wealth management. We will also be hosting events around innovative companies like this one planned in New York on June 20.

Happy hunting!

David Easthope
Research Director, Securities & Investments Group

Chart of the Month

From the Celent report Reference Data Management: Regulation, Risk, and Remodeling Data Around Legal Entities

Celent Published Reports

• Evaluating the Vendors of Watchlist and Sanctions Solutions
• Wealth Management Outsourcing Vendor Landscape
• Reference Data Management: Regulation, Risk, and Remodeling Data Around Legal Entities
• Impacts of EMIR for the Buy Side: The Greater Good, But a Greater Cost
• Capital Market Trends in Japan, Part 1: Birth of a New Exchange
• The Race for Self-Directed Investors: Developments in Online Trading Among Brokers and Banks
• Innovation in Focus: Electronic Trading Platforms in US Corporate Bonds
• The Blurring of the IDB Vs. D2C Models in Fixed Income and FX
• The European Post-Trade Ecosystem Under T2S
• Derivatives Pricing and Risk Analytics 2013: Industrializing Derivatives Markets
• Big Data: A Guide to Where You Should Be, Even If You Don't Know Where You Are

Research in Progress

• Collateral Transformation Services Market
• Mobility for Advisors
• Foreign Investment and Cross Border Training in Emerging Markets
• The Future of Risk Management
• European Wealth Management Technology Vendors

Events

24 April 2013
Webinar
The Race for Self-Directed Investors: Developments in Online Trading Among Brokers and Banks

30 May 2013
Webinar
Impacts of EMIR for the Buy Side

20 June 2013
Peer Networking Event
Innovation in Focus: US Fixed Trading and Markets
New York, NY

For more information on the above events, contact info@celent.com or call +1.617.262.3120.