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Are the Markets Just Too Fast? Regulators including the SEC and the CFTC are struggling to keep up with and keep a grip on the warp-speed world of high-frequency trading -- and they are considering some severe measures as they struggle to understand just what HFT is.
Nasdaq OMX's N.J. Liquidity Center Offers Fastest Route to Brazil Exchange Nasdaq OMX's Cateret, N.J., colocation facility now boasts round-trip latency of just 107 milliseconds from the New York markets to Brazil.
Breach Data Shows Outside Threats Dominated 2011 Preview of Verizon Business' data breach cases shows malware and hacking the top breach methods.
CIOs Must Beware of Private Cloud Plan Hijackers Employees with something to lose will try to thwart your private cloud plans. The boss needs to take charge.
Regulation Drives Buy Side Focus on Data Management — Survey 80 percent of respondents in MoneyMate survey said data management automation is very important in 2012.
Portware Hires Eskandar from Liquidnet As New CEO In the new management structure, Portware promoted COO Scott DePetris to president and COO, and announced new roles for founders Eric Goldberg and Ari Khatchikian.
UBS Unveils Algo Strategy For Illiquid Securities The algorithm can direct traders to the best venues for hard-to-trade stocks and help them navigate unpredictable market conditions, the firm said.
Feds Investigating Goldman Sachs Managing Director for Insider Trading Authorities are probing whether David Loeb gave Goldman's hedge fund clients inside information about technology stocks, according to a Wall Street Journal report.
Regulators Contemplate Slamming the Brakes on High-Frequency Trading As high-frequency traders achieve blinding speeds, the SEC is taking a long, hard look at whether they are dangerously out of control.
Swap Trades Will Be More Pricey, Complicated Under Dodd-Frank Although the shadowy world of derivatives trading will become more transparent under the new regulations, experts say the market also will fragment, making things more complicated — and expensive — for participants.
TradeKing Automates Social Media Surveillance With usage of Facebook and Twitter on the rise, online broker TradeKing went live with SunGard's Protegent to monitor employees' social media activity.
Five Strategic Security Metrics To Watch Is your security program paying off for the business? Here are five high-level metrics that the executive suite needs to watch.
Feds Giving Hedge Funds The Mob Treatment to Fight Insider Trading The FBI says it has enough informants to bring insider trading cases to trial for the next five years, a tactic that helped decimate the so-called mafia in the 1990s.
Liquidity Centers Are Exchanges' New Revenue Centers Looking for alternative revenue sources, NYSE Euronext, Nasdaq and CME Group have built out liquidity centers that offer services ranging from colocation to on-demand trading technology and market data.
Credit Default Swaps Are Not 'Evil' It's time to take CDSs off the list of investment instruments of which we dare not speak.
Why Launching a Hedge Fund Is Harder Than Ever Although hedge fund launches are expected to soar in 2012, getting one off the ground is much more difficult — and expensive — than ever before thanks to regulatory pressures, savvier investors and the cost of technology.
NEXT Brings Uniformity to Bloomberg Professional Service 113,000 clients already using Bloomberg NEXT, which enhances information access, uniformity across the application and workflow, according to the company's co-founder.
Q&A: How Can HFT Truly Slow Down? As regulators and politicians look to manage the impact of high-frequency trading, change is coming. Advanced Trading spoke with Jamie Selway, managing director of broker-dealer ITG on what's in store for these high speed-trading firms.
Moving to a Centralized Collateral Management Environment: The Way Forward Firms can centralize their collateral management processes by using tactical solutions that will work not only in the short term, but that will also give them the tools necessary to comply with future regulations and embrace new technologies as they become available.
Redline Trading Announces Pre-Trade Risk Solution Aimed at latency sensitive applications, Redline's Pre-Trade Risk Solution performs a comprehensive series of risk checks in less than one microsecond to help firms comply with the SEC's 15c-3 Market Access Rule.
NovaSparks Releases FPGA Feed Handlers for Five Equity Exchanges The company's FPGA architecture achieves average latencies of 400 to 700 nanoseconds, avoiding bottlenecks by bypassing the CPU.
GETCO Promotes Daniel Coleman to CEO The firm said Coleman is now tasked with boosting its core market-making business, and with expanding the company's client services offerings in the U.S. and overseas.
GETCO Appoints New CEO The global market maker named Daniel Coleman as its new CEO, citing his success and leadership as the firm's global head of equities and client services since 2010.
Usability Lab Played Major Role in Bloomberg NEXT Development New Bloomberg NEXT platform emphasizes user experience and many features were developed after collecting data on usage tendencies in Bloomberg's new usability lab.
Dimmer Growth Prospects Ahead For High-Frequency Trading Firms With regulators determined to slow down the practice of rapid-fire trading, HFT operations traditionally focused on speed will need to turn more attention to strategy development, market research firm IBISWorld says.
Head of Goldman Sachs’ Hedge Fund Group Retires The firm announced the retirement of C. Howard Wietschner, who ran the firm’s hedge fund industry group, which provided advisory services to alternative asset managers.
SEC Expands Investigation of ETFs: Report The wider probe of ETFs comes after a trade in a large, liquid ETF didn't settle within a four-day period and the SEC is examining what role high-frequency trading plays in such situations, according to Reuters.
TD Ameritrade's New Mobile App Scans for Investment Opportunities The online broker released a new mobile app for the iPhone and Android enabling investors to scan a product's bar code with the smartphone camera to reveal detailed information about the public company during the shopping experience.
Cloud Computing Is Still In Its Adolescence Compare the adoption rate for cloud services to that for virtualization, and it's evident we still have a ways to go.
Swaps Regs Up the Ante on Collateral Management To cope with new swaps regulations, Kempen Capital Management scrapped its Excel spreadsheets in favor of an iinhouse collateral management system.
Lombard Risk Offers Solution for OTC Swaps Data Reporting The risk management technology worked closely with U.S. clients to design a solution for OTC swaps data reporting under Dodd-Frank as of July 2012, but is eyeing European regulations with similar requirements by 2013.
BMO Capital Markets Expands Rollout of SunGard's GlobalOne Already a customer utilizing SunGard's Global One in New York and London, BMO adopted the system in Toronto earlier this year to consolidate all global securities lending on one technology platform.
Lombard Risk Unveils Dodd-Frank Reporting Engine The firm says its new platform will help firms get required data on swaps trades to regulators in real-time.
Exchange Suitors Circle LME, But Deal Could Turn on Regulators and Clearing A bunch of global exchanges, including the likes of CME and NYSE Euronext, are said to be submitting bids to acquire the London Metals Exchange, one of the last pit-based exchanges still standing.
Q&A With SwapClear CEO Michael Davie In an interview with Advanced Trading, Davie breaks down how the over-the-counter swaps market is changing even before Dodd-Frank takes effect, and pinpoints what the buy side is looking for from their technology vendors to navigate the new landscape.
Accelerate IT Delivery, Or Die With technology evolving so rapidly, entering into lengthy enterprise IT contracts seems foolish.
University of Nebraska (Lincoln) Wins TradeKing's $100K API Campus Challenge Winning application allows trading from any location via a browser plug-in or Android app.
Oman's Muscat Securities Market Launches Upgrade of E-Trading The Middle Eastern marketplace migrated to NYSE Technologies' NSC V900 trading platform to boost speed and reduce the time needed for brokers to process transactions.
Nasdaq, BATS, CBOE Websites Knocked Offline by Anonymous-Backed Attacks NASDAQ, BATS and the CBOE were knocked offline earlier this week by hacktivists. Nasdaq emphasizes that stock trading remained unaffected.
Dubai Investment Bank Renews Contract for Orc Trader Arqaam Capital will extend its use of Orc Trader to support cash equity trading on three stock exchanges in the United Arab Emirates.
Tech Economy Is Booming in New York New York City is doing everything it can to attract new technology companies and compete with Silicon Valley.
Preparing for Margin Call Mania In Cleared Swaps The regulatory push toward central clearing of OTC derivatives is going to create higher volumes of margin calls on cleared swaps for buy and sell sides. Manual emails will no longer suffice!
State Street Unveils New Swap Execution Facility In launching SwapEx, the firm is looking to capitalize on a surge in swaps liquidity that's expected to transform the marketplace when the Dodd-Frank regulations take effect.