A Look Ahead to the Capital Markets in 2013
The Eurozone crisis is far from over, the fiscal cliff is top of the headlines and industry revenues continue to decline. Adding to their collective headache, financial organizations are dealing with flat IT budgets while striving to innovate in today’s ultra-competitive market. But there are a host of bright spots in the financial technology world. Here is a look at Wall Street & Technology’s take on the key issues that will shape the industry in 2013.
Wall Street & Technology’s Top 5 Galleries of 2012
It’s been quite a year for the financial services industry, which was hit by multi-million dollar hack attacks as well as spectacularly disastrous technology failures. We took a look at the most costly industry mishaps in our top galleries of 2012, while also shining the spotlight on some of the biggest mistakes CIOs make. But there is light at the end of the tunnel for chief technology officers: our recent salary survey showed that IT skills remain in short supply on Wall Street. So for t
Getco to Buy Knight Capital in $1.4 Bln Deal
Knight Capital Group Inc, which
was nearly brought down by a trading error in August, said it
will be acquired by rival electronic trading firm Getco Holdings
Co in a cash-and-stock deal that the companies valued at $1.4
Massachusetts Fines Morgan Stanley over Facebook IPO
Morgan Stanley, the lead
underwriter for Facebook Inc's initial public offering,
will pay a $5 million fine to Massachusetts for violating
securities laws governing how investment research can be
The Case for Scenario Planning in Sandy’s Wake
After underestimating the strength of Hurricane Sandy, financial firms need to consider 'risk scenario planning' as a tool for forecasting what can go wrong in the future, writes author and risk analyst Andrew Waxman.
The Road to Big Data
As big data becomes inescapable in today's financial services industry, institutions can prepare by surveying the analytics landscape, targeting a specific problem to solve, studying relevant cases and expanding capabilities with the right technology solution for their environment.
US, UK Bank Seizure Plans Focus on Absorbing Losses - Regulators
Both the United States and
United Kingdom have developed viable approaches to seizing and
unwinding failing global financial institutions, but more work
is needed on the UK side to ensure that losses can be adequately
absorbed, American and UK regulators said on Sunday.