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Commentary
Content posted in August 2012
Europe Still Holds an Allure to U.S. Asset Managers
Commentary  |  8/31/2012  | 
Despite seemingly bad news about the Eurozone every day, a surprising number of large U.S. asset managers are still attracted to a continent that accounts for 35 percent of the world's mutual fund assets.
Today's Market Structure Obscuring Real Value of Equities
Commentary  |  8/27/2012  | 
In a piece published by Tabb Forum, ConvergEx Group's Nicholas Colas says the current market structure means CEOs and their boards should no longer make their company's stock price the central fixture of their corporate strategy.
Looking at the Ins and Outs of Volatility Trading: Opalesque
Commentary  |  8/27/2012  | 
In a video interview with Opalesque TV, Maple Leaf trader Michael Wexler breaks down the ins and outs of volatility trading.
Wait Before Using That New Algo
Commentary  |  8/24/2012  | 
When it comes to using new trading algorithms, the buy side resembles kids standing around the deep end of the pool. No one wants to be the first to jump in.
Nasdaq Systems Issue Impacts Short Sales, Points to Ongoing E-Trading Glitches
Commentary  |  8/23/2012  | 
This is the latest in a series of technical glitches that have eroded investor confidence in the market infrastructure.
Goldman Tells Clients to Bail Out of Equities As Fiscal Cliff Looms
Commentary  |  8/23/2012  | 
The bank's chief U.S. equity strategist says stocks are due to plunge with Congress unlikely to address the fiscal cliff before Election Day.
US-China Accounting Standoff A Threat to Hedge Funds, Capital Markets
Commentary  |  8/22/2012  | 
Publicly-traded Chinese firms face the threat of de-listing from U.S. exchanges over their resistance to American accounting standards, a scenario that holds huge implications for U.S. hedge funds and the nation's capital markets.
Tech Innovation -- With an Eye Toward Quality
Commentary  |  8/21/2012  | 
Even with the frequent tech failures, scathing headlines and mounting regulatory fines, technology innovation is thriving on the Street -- with an emphasis on testing and quality.
The Homestretch of the Swaps Compliance Race
Commentary  |  8/21/2012  | 
There are new rules coming for dealing swaps. Are you ready to cross the finish line?
The Risk and Transparency Tango
Commentary  |  8/20/2012  | 
Today's traders are not plagued with worries about flash crashes, macroeconomics or monthly jobs reports; instead, they are focused on riding the ups and downs of the trading day to maximize their portfolios and best serve their clients.
UBS Unveils Hedge Fund Service: 'UBS Quant HQ'
Commentary  |  8/20/2012  | 
The Swiss bank will offer technology, prime brokerage and risk tools to quantitative hedge funds.
Taming the Wolverine: How To Control the Costs of Modern Trading
Commentary  |  8/17/2012  | 
As Canadian brokers enter the global market, they must rethink how they do business.
Pension Funds Become More "Active" in Risk Management
Commentary  |  8/17/2012  | 
As markets become more volatile and pensioners live longer, risk can no longer take a backseat.
Since When Does a Huge Hedge Fund Need Subsidies?
Commentary  |  8/17/2012  | 
When the state where it's located wants it to stay put. Expect to see more stories like this.
Corzine's Way: Lose a Billion, Start a Fund
Commentary  |  8/16/2012  | 
In the ash heap of MF Global, the disgraced CEO not only might not go to jail, he just might start his own hedge fund.
China's Markets: No Gain Without Pain
Commentary  |  8/16/2012  | 
Despite a history of tight controls, China recognizes the need to reform its financial markets in order to trade effectively, and competitively, within the global economy.
Would Going Back to Simpler Times Re-Inflate the Equities Market?
Commentary  |  8/14/2012  | 
Many market participants are saying we need to go back to simpler times, when spreads were wider, trading was slower, markets were simpler, research was more prevalent, and capital was more pervasive. But would that really fix the equity markets?
Regulatory and Technological Changes: How to Create Competitive Advantages in the Derivatives Markets
Commentary  |  8/13/2012  | 
Restructuring of the derivatives markets will create new revenue opportunities for those firms that have prepared and niche opportunities for new participants.
The Time Has Come for Options Dark Pools
Commentary  |  8/13/2012  | 
Knight Capital's Train Wreck and the Mismanagement of Software
Commentary  |  8/9/2012  | 
The ensuing fallout from Knight Capital Group's errant trade last week has sparked arguments that automated trading software is intrinsically unreliable, but such logic is faulty.
Knight Capital's Surprise $7 Billion Bounty
Commentary  |  8/9/2012  | 
After its new trading algo went rogue, the market maker held a jaw-dropping $7 billion in stocks - and had to unload almost half or they would collapse.
Cash-Strapped Scranton Looks to Hedge Fund For Financing
Commentary  |  8/8/2012  | 
With the city facing a gap in its annual budget and concerns among lenders over its ability to repay its debts, Scranton's city council is pursuing financing from an unnamed hedge fund.
Does Speed Trading Need Safety Lanes?
Commentary  |  8/7/2012  | 
After Knight Capital's rescue, there are still concerns about risk controls. A professor from Columbia University told CNBC that regulators need to put in speed bumps so that markets continue to function when the next upheaval occurs.
Fragmentation Is Redlining the Markets
Commentary  |  8/6/2012  | 
Fragmentation is wrecking one of the greatest financial markets of all time, according to Tabb Group’s Larry Tabb. In the wake of the Knight Capital fiasco, he says, the SEC should think hard about the market structure it has created, and do its utmost to rein it in.
Knight's Chances of Survival 50/50
Commentary  |  8/2/2012  | 
As the firm scrambles for ways to shore up its capital base following a devastating $440 million trading loss, a source says Knight Capital's chances of survival are no better than 50 percent.
How to Prevent Market Mayhem Like the Knight Fiasco
Commentary  |  8/2/2012  | 
It's up to the industry, and not the regulators, to shore up best practices to make sure incidents like Knight Capital's trading error don't wreak havoc in the marketplace.
Industry in Denial: Market Structure Is the Root of Recent Problems
Commentary  |  8/2/2012  | 
After the latest electronic trading glitch, this one at Knight Capital, it's easy to see why investors are turning away from the financial markets.
Knight Capital Fiasco: Where Were The Risk Controls?
Commentary  |  8/1/2012  | 
The incident, which caused stock to swing more than 10 percent in early trading on Wednesday, was entirely preventable, experts say.


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