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News & Commentary
Content tagged with Trading Technology posted in February 2013
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London Whale Didn't Cause Lehman Bankruptcy, JPMorgan Says
News  |  2/28/2013  | 
The former JPMorgan Chase trader known as the "London Whale" was not responsible for Lehman Brothers' bankruptcy and should not be dragged into an $8.6 billion lawsuit.
Risk Vs Innovation: 5 Steps To Finding the Right Balance
News  |  2/28/2013  | 
With low budgets and low tolerance for risk, firms that want to forge ahead need to strike the right balance between innovation and risk.
Bloomberg Vault Rolls Out Cloud Voice Recording Service
News  |  2/27/2013  | 
Orange Business Services - Trading Solutions will power the voice recording capabilities for the cloud based service, leveraging Orange's expertise in voice communications.
U.S High Court Limits SEC Authority To Seek Penalties
News  |  2/27/2013  | 
The U.S. Supreme Court on Wednesday limited the authority of the federal government's top securities regulator to seek civil penalties over conduct that occurred more than five years before investigators took action.

Wall Street Moving Toward a Mobile First Approach
News  |  2/27/2013  | 
The popularity of smartphones and tablets has many financial services firms building apps specifically for mobile devices, while desktop apps are becoming an afterthought.
Insider Trader Rajat Gupta Ordered To Pay Back Goldman Sachs
News  |  2/26/2013  | 
Goldman and other banks are making claims based on a law that allows corporations to be reimbursed as a victim of an insider trading crime.
Goldman Sachs, JPMorgan Slash Workforce
News  |  2/26/2013  | 
The Yin and Yang of Wall Street, Jamie Dimon and Lloyd Blankfein, will cut their workforces by 20,000 and 4,000 jobs respectively.
Newedge Pushes into OTC Derivatives Clearing
News  |  2/25/2013  | 
Newedge said it cleared its first OTC interest rate swap on CME Clearing as it expands to take advantage of new regulations amid reports that the company is up for sale.
The Near Impossible Battle Against Hackers
News  |  2/25/2013  | 
Dire warnings from Washington about a "cyber Pearl Harbor" envision a single surprise strike from a formidable enemy that could disable the financial system or cripple the government.
The SEC’s New Technology Drive – Pass or Fail?
News  |  2/22/2013  | 
SEC Chairman Elisse Walters has highlighted what the regulator is doing to prevent technology glitches and fraud. Here are some of the top reactions to its new tech drive.  
Judge Extends Freeze on Goldman Account Linked to Heinz Trades
News  |  2/22/2013  | 
A U.S. judge has extended a freeze on a Swiss account linked to possible insider trading in H.J. Heinz Co call options just before the ketchup maker agreed to be bought by Warren Buffett's Berkshire Hathaway Inc and Brazilian investment firm 3G Capital.

U.S. Market Regulators Not Expecting Job Cuts From Sequestration
News  |  2/22/2013  | 
The country's top Wall Street regulators are not expecting layoffs or furloughs in the event that Congress is unable to avoid across-the-board spending cuts known as "sequestration." known as "sequestration."

Ex-Infosys Exec Aims to Shake Up IT Industry Billing Model
News  |  2/22/2013  | 
A former Infosys Ltd executive is challenging the IT outsourcing industry's billing model by charging for results instead of basing fees on the time and labor put in by the armies of staff working for India's big firms. and labour put in by the armies of staff working for India's big firms.

Mobility's Undeniable Benefits
Commentary  |  2/22/2013  | 
Mobile is becoming so pervasive that only after the mobile functionality is developed are firms thinking about how to apply that same functionality to desktop browsers.
Wealth Managers' Mobile Disadvantage
News  |  2/22/2013  | 
Sluggish adoption of the technology keeps financial advisers a step behind mobile-savvy customers.
Regulators Not Expecting Job Cuts from Sequestration
News  |  2/22/2013  | 
The country's top Wall Street regulators are not expecting layoffs or furloughs in the event that Congress is unable to avoid across-the-board spending cuts known as sequestration.
CFTC Charges CME Over Client Data Breaches
News  |  2/22/2013  | 
The top derivatives regulator sought to fine CME Group and ban two former employees for life for leaking client data.
Ex-Infosys Exec Aims to Shake Up IT Outsourcing Billing Model
News  |  2/22/2013  | 
A former Infosys executive is challenging the IT outsourcing industry's billing model by charging for results instead of basing fees on the time and labor.
HFT Demise as the Precursor to Changes in the Markets Landscape
Commentary  |  2/21/2013  | 
As new marketplaces and business models emerge, the industry should be prepared for an entirely new wave of custom IT systems and applications.
Pension Funds Look to Strip JPMorgan CEO Dimon of Chairman Title
News  |  2/21/2013  | 
Overseers of government worker pension funds pressed JPMorgan Chase to strip Chief Executive Jamie Dimon of his additional title of chairman after the London Whale fiasco.
Ex-Soros CIO Begins Courting Capital for New Fund
News  |  2/21/2013  | 
Keith Anderson, the former chief investment officer for billionaire trader George Soros' money management firm, is raising money for a new macro hedge fund.
Oracle Financial Services Introduces New Enterprise Model Risk Application
News  |  2/21/2013  | 
New product for model risk helps financial institutions meet regulatory demands.
Looking for A New Tech Job? Brush Up on Your Linux Skills
News  |  2/20/2013  | 
Linux salaries jumped nine percent this year, far outpacing the five percent jump in tech salaries overall.
SEC Weighs Fixes after Trading Technology Debacles
News  |  2/20/2013  | 
Exchanges and other trading platforms would have to perform tests to prevent software errors from unleashing havoc on the market under proposed rules being crafted by regulators.
Forecasters Caught Napping by Pace of Currency Moves
News  |  2/20/2013  | 
Rapid moves in foreign exchange markets have sent strategists scrambling to revise 2013 forecasts as resurgent currencies outpace price predictions.
Battling Ponzi Schemes and Snake Oil Salesmen
News  |  2/20/2013  | 
What can the CFTC do to prevent future cases of blatant fraud, as well as the losses, similar to cases like MF Global and Peregrine Financial Group? Andrew Waxman offers some risk management techniques regulators should consider.
Thomson Reuters Adds Metals Analysis and Research to Eikon
News  |  2/20/2013  | 
Thomson Reuters integrates Thomson Reuters GFMS analysis to provide Eikon customers with access to research and forecast analytics for the precious and industrial metals markets
The Start of Another Financial Crisis
News  |  2/19/2013  | 
It's a deja-vu: the stability of the global markets could soon be under threat due to a looming crisis in the derivatives industry.
Bankers Could Pocket More Pay from EU Bonus Cap
News  |  2/19/2013  | 
European Union lawmakers and member states are close to agreeing the world's toughest curbs on bank bonuses.
FINRA Fines ING $1.2 Million for Email Violations
News  |  2/19/2013  | 
Wall Street's industry-funded watchdog fined five affiliates of ING Group NV a total of $1.2 million for not storing or reviewing millions of company emails.
Justice Department Works On New Model To Prosecute Banks
News  |  2/19/2013  | 
Banks have been getting off too easily. Now, the government is pushing to make them accountable for any wrongdoing.
Hedge Funds Run By Women Continue to Profit
News  |  2/19/2013  | 
Alternative investment funds that have a woman at the helm are happy to leave the reckless risk to their cowboy counterparts, a new study finds.
EU's Financial Transaction Tax Stirs Up Controversy on Twitter
News  |  2/15/2013  | 
The EU's decision to push ahead with the financial transaction tax with support from only 11 countries, including France, Germany and Spain, triggered diverse viewpoints on Twitter.
Best Reactions To Obama's Cybersecurity Executive Order
News  |  2/15/2013  | 
Is President Obama's executive order on cybersecurity causing hackers to shudder and financial institutions to breathe a sigh of relief? Here are some of the top reactions on the web to this controversial bill.
So Your Financial Firm Has A New CEO….Now What?
News  |  2/15/2013  | 
Legg Mason and TD Asset Management both had a management shake-up in recent weeks. So, how can you make sure your new boss knows you're a keeper?
AQR Picks Exegy for Low Latency Market Data, Feeding its Trading and Research Systems
News  |  2/15/2013  | 
AQR Capital Management will deploy Exegy's ticker plant and enterprise market data system in a colocation site to process foreign exchange, equities and futures data.
Regrets? Some Senators Have a Few
News  |  2/15/2013  | 
Watching Elizabeth Warren grill regulators has some Senators wishing they didn't oppose her appointment to the CFPB back in 2011.
As Profits Plummet 82 Percent Last Year, Getco Still Wants Knight Capital
News  |  2/15/2013  | 
The high-frequency trading firm is bullish on 2013 as it pursues Knight Capital Trading and unveils plans for a new "mid-frequency" market making system.
Quantopian Taps Derivatives Trader as First 'Quant In Residence'
News  |  2/15/2013  | 
To encourage community engagement and build relationships with users, the browser-based algo platform startup said Tim Meggs, a derivatives trader, will become the first participant in its QIR program.
Welcome to the New Advanced Trading Community
News  |  2/14/2013  | 
A new community focused on the the needs of traders will allow members to interact and share ideas on some of the most important issues facing the industry.
Data Center Operators Take On More Risk As Budgets Dive
News  |  2/14/2013  | 
Traditionally, budgets were very much a secondary consideration to resilience. Today, for data center operators, that may no longer be the case.
SEC Chairman to Request Budget Boost as Sequestration Looms
News  |  2/14/2013  | 
The top U.S. securities regulator will urge lawmakers to boost its funding.
Schwab Investors Escalated Trading Last Month
News  |  2/14/2013  | 
Clients of Charles Schwab up trading in January as the big retail brokerage firm reported an 8 percent increase in average daily trades from a year earlier.
Is FTT heading for Wall Street?
News  |  2/14/2013  | 
Modeled after the European FTT effort, two U.S. senators have proposed a financial transaction tax on their home turf.
Lew Faces Grilling on Citigroup at US Senate Hearing
News  |  2/13/2013  | 
The top Republican lawmaker vetting Jack Lew to serve as the U.S. treasury secretary on Wednesday zeroed in on the nominee's work as an executive at Citigroup as a possible conflict of interest for a job that would make him the nation's chief financial regulator.

T. Rowe Price Joins Growing Opposition to Dell Buyout
News  |  2/13/2013  | 
Dell's third-largest shareholder, T. Rowe Price, joined a growing number of investors putting pressure on Michael Dell and his partner Silver Lake to sweeten their $24.4 billion buyout offer.
Thomson Reuters Eikon Sees 33% Installation Growth, But Revenue Outlook Disappoints
News  |  2/13/2013  | 
Thomson Reuters' revenue forecast for 2013 failed to impress Wall Street and the shares fell 3 percent.
Semantic Search Takes Thomson Reuters Eikon to New Levels
News  |  2/13/2013  | 
Eikon 3.0 offers geospatial analysis functionality and free-text semantic search capabilities that make performing complex financial analysis as easy as using a Google search box.
Anonymous to Goldman Sachs: Hack-y Valentine's Day!
News  |  2/12/2013  | 
The hacking group announced plans to take down the investment giant's Facebook and Twitter accounts and inundate their offices with bogus phone calls. What, no candy?
Nasdaq Talked with Carlyle About Going Private
News  |  2/12/2013  | 
Private equity firm Carlyle Group recently approached Nasdaq OMX Group about taking the exchange operator private, but the talks fell apart.
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