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Commentary
Content posted in September 2012
Sheila Bair's Book Heaps Fresh Stains on John Thain's Reputation
Commentary  |  9/28/2012  | 
As Hank Paulson prepared to dole out bailout funds to stabilize the nation's financial system, John Thain's biggest concern was how taking government money would impact CEO pay, according to former FDIC head Sheila Bair's new book.
Are Modular Data Centers the Answer To Better Efficiency?
Commentary  |  9/27/2012  | 
As technology organizations look to transform the service delivery model to be more agile, on-demand and cost-effective, modular data centers may provide the means to get there.
The Andean Region: Catching Up Fast
Commentary  |  9/27/2012  | 
With Brazil and Mexico stealing most of the headlines when it comes to Latin America, people could be forgiven for missing some of the recent developments to come out of other countries in the region. While Brazil and Mexico might be seen as the dominant players, the rise of financial centers in Peru, Colombia and Chile is seeing brokers increasingly demand a multi-location Latin American presence.
Will The Next Era Data Center Be Hosted on the Cloud?
Commentary  |  9/27/2012  | 
Given the business need for flexible and agile compute resources, the data center of the future may not exist on a map, says Howard Rubin of Rubin Worldwide.
Innovative Risk Management: How To Really Leverage Legal Entity Data
Commentary  |  9/26/2012  | 
As the industry debates regulatory reform and the course toward greater transparency and stability, we are entering a new phase in the evolution of financial data and a potential renaissance in the approach to risk management, writes Tim Lind, global head of legal entity content at Thomson Reuters.
Scranton, San Jose Show How Mainstream Hedge Funds Have Become
Commentary  |  9/26/2012  | 
One city is looking for a loan and the other is looking to boost returns, but both cases indicate that hedge funds have moved from an alternative into the mainstream.
Will New Regulation Mark the End of HFT in Europe?
Commentary  |  9/25/2012  | 
Germany and other EU countries are aiming to push through legislation that will rein in high-frequency trading. But are they looking at the right issue?
Can Bank Dealers Win the Swaps Collateral Optimization Race?
Commentary  |  9/25/2012  | 
Bank dealers will lose 20 percent of their trading revenues when mandatory clearing of OTC derivatives begins, but they can recoup these lost revenues through "collateral optimization," contends Sungard's Daniel Parker.
Fixing the U.S. Equity Markets: Limit Exchange/ATS Licenses and Other Steps
Commentary  |  9/21/2012  | 
In his Senate Hearing testimony on Thursday, Larry Tabb, founder and CEO of Tabb Group, advised the SEC and Congress to stop granting exchange and ATS licenses, among other remedies.
Tabb Senate Testimony: First, Do No Harm
Commentary  |  9/20/2012  | 
In his testimony before the US Senate on Thursday, the Advanced Trading and Wall Street & Technology columnist Larry Tabb answers the question: What, if any, policy changes should be considered by regulators or Congress in order to better protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation?
Mutual Funds: How To Find The Right Compliance and Financial Officer
Commentary  |  9/20/2012  | 
Regulation has led fund boards to reconsider the traditional roles played by financial officers and compliance officers.
Tabb Testimony: The Regulators Need Better Tools
Commentary  |  9/20/2012  | 
In his testimony before the US Senate today, the Advanced Trading and Wall Street & Technology columnist Larry Tabb answers the question: Do regulators have adequate tools to identify and limit manipulative or abusive strategies?
Tabb Senate Testimony: Beware Over-Regulation
Commentary  |  9/20/2012  | 
In his testimony before the US Senate today, Advanced Trading and Wall Street & Technology columnist Larry Tabb recommends changes to strengthen the markets without killing future profits.
Flash Crash Or A Turning Point For Oil Prices?
Commentary  |  9/20/2012  | 
The Geo-Political Knowledge And Expert Skills Needed to Combat Hacktivist Attacks
Commentary  |  9/19/2012  | 
You have to know your attacker - and your security staff, a security consultant says.
Hedge Fund Manager Hosts Romney Fund Raiser, Caligula-Like Parties
Commentary  |  9/18/2012  | 
The co-chief of Sun Capital not only hosted the Mitt Romney fundraiser where the candidate lambasted the 47% of Americans who do not pay taxes, he inspires headlines like "Nude Frolic in Tycoon's Pool."
Could Social Media Revive High-Touch Trading?
Commentary  |  9/18/2012  | 
Maybe the return to high-touch trading is achieved by overlaying social media concepts on top of the low-touch networks that now proliferate the industry.
How to Save a Wounded Market from Rogue Algos
Commentary  |  9/18/2012  | 
You couldn't ask for a better example in the Knight Capital debacle of how quickly today's fast markets can claim a victim. Will this be the last of the rogue algorithms to hit the markets?
NYSE's Fine for Unfair Data Feeds Another Blow to Market Confidence
Commentary  |  9/17/2012  | 
With trading volumes near historic lows in the equity markets, the SEC's decision to fine NYSE $5 million for improper market data feeds gives investors even more reason to stay away.
CTO On Apple's iPhone: No, Thanks.
Commentary  |  9/14/2012  | 
In the week that Apple unveiled the new iPhone 5, one trading company's CTO isn't among the impressed.
Who Owns The Risk If A Third-Party Algo Goes Rogue?
Commentary  |  9/14/2012  | 
What happens after a broker-dealer or sell-side firm's algo goes rogue? To find out who owns the risk, Advanced Trading spoke with Michael E. Kurzrok, director of equities for the market research firm Woodbine Associates.
How to Boost Trade Performance Through TCA
Commentary  |  9/14/2012  | 
In a global market where alpha continues to be elusive and liquidity is fragmented and fleeting, firms are discovering a critical component to profitability is uncovering the performance of their trading behavior through TCA.
Gordon Brown: Europe Risks Going the Way of Japan
Commentary  |  9/14/2012  | 
The good news is that Europe is no longer going the way of Greece. The sad news is that it is threatening to go the way of Japan.
Consolidated Audit Trail: More Than One Way to Skin This CAT
Commentary  |  9/14/2012  | 
It behooves today's investment firms to be prepared to tackle these new requirements now and in the future.
Intelligent Trading: Opportunities for Mid-Tier Brokers
Commentary  |  9/13/2012  | 
At the pre-trade level it's all about 'actionable' data, embedded in brokers’ daily workflows enabling them to react faster than anyone else to revenue-generating opportunities.
As Markets Finally Celebrate the Euro, Charles Schwab Launches New Global Investing Platform
Commentary  |  9/12/2012  | 
Schwab’s announcement came after Germany's top court rejected calls to block the permanent eurozone bailout fund.
9/11 - Eleven Years On
Commentary  |  9/11/2012  | 
Is this the same Wall Street that moved heaven and Earth to get back to work and trade another day?
The Executive Compensation Revolution Shows Some Timid Results
Commentary  |  9/10/2012  | 
JP Morgan chief executive Jamie Dimon, who has been in the news for all the wrong reasons in the last few months, could (and should) take a personal hit, given his bank’s $7 billion trading snafu. But in Wall Street board rooms, all is not as it seems.
Mark Cuban Admits Being "Terrified of High Frequency Trading"
Commentary  |  9/7/2012  | 
The owner of the Dallas Mavericks doesn’t doubt that another Flash Crash will happen - and he's hedging his portfolio for that moment.
Institutional Apps: Money Managers Soon Will "Poke and Swipe" to Drill into Data
Commentary  |  9/6/2012  | 
Designers of mobile apps for investment managers see the potential for sophisticated performance monitoring tools but also tools that interrogate data.
As Dark Pools Grow, ASX Fights To Keep Public Exchanges Relevant
Commentary  |  9/6/2012  | 
ASX CEO Elmer Funke Kupper says the growth of dark pools is hurting Australia's largest public exchange, and without stronger regulations, remains a threat to lit markets around the world.
We're Coming Into Financial Hurricane Season
Commentary  |  9/6/2012  | 
The North Atlantic hurricane season runs from mid-August to October, with a strong peak in storm activity around the middle of September. A less familiar but even more destructive pattern of disturbances is the financial hurricane season, which coincides with the meteorological one almost to the day.
Facebook Shares to Flood the Market?
Commentary  |  9/5/2012  | 
The Holy Grail of Cloud Computing – Maintaining Data Confidentiality
Commentary  |  9/5/2012  | 
Whether a financial institution enters a public or private cloud, data privacy and confidentiality are top concerns. A financial application (or a service) must be protected, and true privacy must be maintained, says SAP's Gilad Parann-Nissany.


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