Could MF Global’s CIO Have Stopped Jon Corzine?
Regulators are not just bringing charges against Jon Corzine for nearly driving MF Global off the cliff, they're also looking at the broken brokerage’s assistant treasurer. Both may lose their license and never trade again. What does a CIO do if they know that things are not right inside a trading firm?
10 Ways to Manage Conflicts of Interest on Your Broker-Owned Platform
Buy-side clients need to understand that when they trade on a broker-sponsored platform, they are paying for these systems, whether that payment comes in the form of commissions, licenses, or widened spread. Therefore, the most important thing the buy side should do is to think like a customer.
Q&A: Market Surveillance Demands 20-20 Vision
Just because regulators are gaining an IT advantage in market surveillance it doesn't mean that broker-dealers can relax. If they want to avoid fines and keep their trading license, remaining vigilant against suspicious trades and compliance infractions is still Job One.
The Future of Corporate Actions Standards
Setting standards on transaction processing and how to communicate the status of financial events between banks and their customers is firmly within our control, and now is the time to take action.
The System Testing Conundrum
As recent events show, systems testing is a critical part of the development process. However, budget constraints and staff cuts threaten even the most robust testing programs.