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Why the Industry Is Changing Options Symbology The options industry has outgrown five-character options symbols and is converting to a more-descriptive format that will help investors understand the instruments they are trading.
Insider Trading: Can It Be Stopped? With the SEC under pressure to salvage its battered reputation, the regulator has been acting with new-found zeal to eliminate insider trading.
Deutsche Bank FX Platform Tightens Spreads Deutsche Bank’s online margin foreign exchange trading platform dbFX is improving its pricing by offering tighter spreads for clients.
New Options Symbology Phased In New options symbology was phased in on Feb. 12, seemingly without any problems. But given the far-reaching nature of the conversion for brokers, exchanges, clearing firms and vendors, some kinks still could arise.
BM&F Bovespa to Switch to New Interface for Mega Bolsa Mega Bolsa, the equities trading platform, is switching over to a new communications interface, that performs ten times faster than the current system.
SEC Asks Public Companies to Disclose Climate-Related Risks to Investors Faith-based organization, ICCR, warns that compliance with SEC's guidance on climate risks will create "lag time."
Bain Capital Ventures Anticipates XBRL Boom With EDGAR Online Investment $12 million stock purchase to help EDGAR grow and invest in technology for 2012 SEC XBRL deadline.
Continuity Software Releases RecoverGuard 5.0 For Business Continuity Customers can track and remedy violations, breaches and risks to data and application availability faster and more easily than before.
TGIF: Why Is The Evening News So Boring? (video) BBC reporter Chris Booker gives a special report on every boring special report that you've ever seen on the news.
ExlService Announces Four New Services To Reduce Cost The provider of outsourcing and transformation services said its new offerings will also help clients achieve greater operational effectiveness and efficiency.
Bankers Get the Cold Shoulder in Davos The atmosphere inside the World Economic Forum is warm and congenial. But bankers are feeling the chill wind of disapproval.
Wesley Clover Announces Enhanced Directory Application for IP Voice Trading Platform The enhanced directory application will triple the number of button appearances on the IP Turret to 296 and to 248 for the IP Traderphone.
iPad: Will It Become a Must-Have Tool for the Capital Markets? Those who stand to benefit the most from the iPad are financial advisers who are constantly meeting clients on the go, says Doug Dannemiller, senior analyst at Aite Group.
Penserra Securities hires Jason Valdez from Rosenblatt Securities With the addition of Valdez, Penserra looks to expand its global program trading capabilities.
Prop Trading Ban Proposal: Desirability vs. Practicality How do you ensure that firms do not take proprietary positions? Do you require that the bonds be bought directly from a customer? If so, how do you police it?
TheMarkets.com Adds 100 Asian Brokers Contributing Research Global research platform now has 700 brokers publishing content, quadrupling the number from one year ago.
Back Office: Time to Pay the Piper With increasing complexity and the need for more highly automated operations, the back office will require increased innovation and continued investment.
Carbon Trading After Copenhagen: What About U.S. Legislation? I went to a conference on "Carbon After Copenhagen" that was very interesting and points to an emerging asset class in the U.S.
Fidessa Ready With High-Speed Interface To Korea New development is a pioneering initiative to the Korean market, where many systems continue to run under limited speed, according to a release.
Brinker Capital Signs Multi-Year Contract With Fiserv For Trading Solutions Under the extended agreement, Brinker Capital, which manages approximately 20,000 accounts on the Fiserv platform, will use three flagship Investment Services solutions: APL(SM), Investment Management Solution and Model Management Solution(SM).
AIG and Backdoor Bailouts? WSJ's Dennis Berman tells Kelsey Hubbard about ongoing investigations into the bailout of AIG, including allegations of a coverup over payments made to some of the biggest banks who had exposure to the collapsed insurer.
Executive Bonuses: What Will Regulators Do Next? (video) In this video clip, Larry Tabb, CEO and founder of TABB Group, focuses on potential regulations regarding executive compensation. He also tells WS&T's Greg MacSweeney that if U.S. regulators levy a tax on bonuses they could cause a brain drain, but that Wall Street must nevertheless show more sensitivity to the markets.
What They're Really Doing in Davos Some of the world's most high-powered people are meeting in Davos for the World Economic Forum (WEF) not to make decisions, but to get to know each other and face the problems together.
High Frequency Equities Trading: From the U.S. to Asia? The adoption of HFT in Europe is less than here in the U.S. but is growing while at the same time, HFT will most certainly expand in Asia over the next several years.
Pipeline Integrates Block Equity Options Trading Pipeline Trading Systems has integrated Blind Bid Options Cross (BBOX) for block options trading into its Pipeline order control system.
RBC Capital Markets Transforms Its Trading Floor RBC has built a new 700 seat trading floor that houses equity, options and fixed-income trading.
FDIC May Securitize Bad Assets The FDIC is planning on securitizing the assets and selling it off to investors.
Volcker Speaks Out On Financial Innovation (video) "I have been on boards of directors. The chances that they're going to understand these products that you're dishing out, or you're going to want to explain them, frankly, is nil. Wake up, gentlemen."
Voltaire Announces Industry's First 40 Gb/s InfiniBand Switch Delivers sub-microsecond latency in a compact device and is ideal for co-located low-latency trading, vendor says.
Thomson Reuters Expands Numerix Pricing Model Coverage Numerix announced that Thomson Reuters will extend Numerix’s vanilla-exotics pricing solutions and risk analytics in Thomson Reuters Kondor+ Suite and TopOffice solutions.
CQG Adds Nasdaq OMX Nordic Market Data Customers can access real-time and historical market data for Nasdaq OMX Nordic derivatives, and trading access is slated for later this year.
SunGard Launches U.K. Broker To Fuel European Expansion SunGard Global Execution Services targets sponsored access in European markets, DMA and clearing services to high frequency trading firms.
Penson To Raise Funds For Haiti With “Trade To Help Day” Penson Financial Services Inc. and many of its broker-dealer customers will raise funds for the humanitarian effort in Haiti with a “Trade to Help Day” on Wednesday, January 27.
A Few Ideas For Obama On Financial Regulation (video) WSJ's Jason Zweig discusses President Obama's plan to curb excessive risk taking at big banks, as well as his proposals for better financial regulation.
Celfin Capital Develops Electronic Trading Capabilities With Fidessa The partnership will allow Celfin Capital to receive Chilean and Peruvian equity flow, opening up an essential conduit to Latin American markets for brokers and asset managers globally.
Goral Trading Licenses OneTick Database Goral Trading Company, an asset management firm, has licensed OneMarketData’s OneTick Database for tick data management and analytics to capture, retrieve, store and analyze its financial tick data.
Corvil Releases Latency Management Center The Latency Management Center will provide a single access point to monitor and manage latency in large or geographically dispersed trading environments.
Thomson Reuters Launches NewsScope Direct for Traders Out of London and Chicago Provides market-moving machine readable news to high frequency traders in London and Chicago.
Obama Proposes Measures to Restrict Size and Activity of Major Banks Obama Proposes Measures to Restrict Size and Activity of Major Banks
Celfin Capital Develops Electronic Trading Capabilities with Fidessa Celfin Capital Develops Electronic Trading Capabilities with Fidessa
SEC Debates Sponsored Access Ban (video) Regulators are examining sponsored access, which allows high-speed traders and others to trade directly on exchanges. Larry Tabb, CEO and founder of TABB Group, talks to Advanced Trading Editor-in-Chief Kerry Massaro about the implications of the SEC's proposed ban of sponsored, or naked, access.
TGIF: Wall Street Bonuses Under Fire In this Daily Show video clip, Jon Stewart focuses on record unemployment rates and Wall Street bonuses...
What's Driving Goldman's Earnings and Bonus Plans? Goldman Sachs made around $5 billion in profits last quarter and has slightly reduced its bonus plan, likely to avoid a further populist and political backlash to excessive compensation.
Accounting for Stock Options Requires Comprehensive System, Says OptionEase CEO OptionEase CEO Kim Kovacs says on-demand system can help companies comply with complex stock option accounting rules and avoid penalties.
MF Global Makes Key Hires to Expand Institutional Products, Plans to Sell Equity Interdealer-Broker MF Global Makes Key Hires to Expand Institutional Products, Plans to Sell Equity Interdealer-Broker
What's Next For Wall Street? Obama's new banking regulation will not be about bringing back the Glass-Steagall Act, although it will give regulators the authority to limit risky activity by banks. William Rudin, Rudin Mgmt. vice chairman & CEO and Alan Greenberg, JP Morgan vice chairman emeritus, discuss upcoming new regulations in this CNBC video.
Neonet Will Open Hong Kong Office Hong Kong office will strengthen its execution services in the Asian region.
Chicago Pit Traders Coming to Hollywood in Floored? If you're in Chicago, you might be able to catch the last night of a week premier of Floored tonight, a movie about the near extinction of Chicago pit trading. The movie takes a look at the personalities behind trading and how electronic trading changed their world. I haven't seen the movie, but the trailer looks captivating. A Barron's column, by Steven M. Sears, describes it as: His camera captures lots of broken men. Some are deformed by the pursuit of money; others struggle to rei