Hugh Cumberland

Hugh is a specialist in STP, automation/efficiency and outsourcing, in post-trade, clearing/settlement and treasury/payments. Before joining Colt in 2011, he worked both inside Financial Services for banks and brokers and for service providers to the sector.

The false economy of legacy

12 Dec 2014

It is increasingly apparent that the longer-term viability and profitability of any financial institution depends on ending its reliance on legacy technology – IT systems that have been in place for decades and are no longer fit for the much…

The 2015 banking cloud debate needs to move beyond “is it safe”?

12 Nov 2014

Next year will see the Cloud Banking World Series take place in London, New York, Hong Kong and Dubai. Given its scale, one could be forgiven for thinking that the banking community worldwide has finally embraced cloud. But instead the…

The technology and infrastructure challenges of Scottish independence

18 Sep 2014

Scotland decides today whether the country should be independent from the UK. In the event of a ‘Yes’ vote, the political, economic and social upheaval will be significant.We don’t know what currency a newly independent Scotland will use, but no…

Source of trust

17 Jan 2014

For many companies in the financial sector, the resilience of their systems is vital to their business model and an area where no compromises can be made. Since financial companies have a level of systems requirements that are very specific…

Algo ahead & make some predictions about FTTs in 2014

10 Sep 2013

A recent article caught my attention on the topic of FX markets regulation, lately a hot-button issue here in Europe.

Tweet causes Apple stock price rise

20 Aug 2013

Trading based on social media sentiment has become a trending topic itself – with recent news stories showing both the negative and the positive impact social media can have on a company’s share price.

Can balloons really enable HFT, or is it just hot air?

09 Aug 2013

With the ability to support trading speeds up to 50% faster than fibre, you could be forgiven for thinking that microwave is the ultimate tool for high-frequency traders. But in the never ending hunt for competitive advantage, plans are being…

Can your business continuity team prepare for an event like Hurricane Sandy?

26 Nov 2012

The Olympics, Hurricane Sandy and even the continued unrest in the Middle East have kept business continuity and disaster recovery planning at the top of the business agenda this year.

Future Proofing the Financial Sector

29 Aug 2012

The news that EU regulators plan to implement a Volcker Rule style regulation has been met with understandable resistance. Banks across Europe are arguing that any rule which aims to curb proprietary trading, specifically those trades facilitated by customer deposits,…

Finally, evidence that high speed trading makes markets stronger

11 Jul 2012

Since 2010’s infamous “flash crash”, High Frequency Trading (HFT) has been under the continuous gaze of the financial services regulatory authorities. HFT’s ability to enable large numbers of high speed trades made it the prime suspect when the Dow Jones…

Why teamwork is crucial to T2S success

03 Feb 2012

At Colt, we could have been forgiven for a moment of self-congratulation on hearing from Banca d’Italia that we had been awarded a definitive licence to provide value-added connectivity services to the Target2Securities platform (T2S), as we had worked really…